Business from Tuesday, May 23rd, 2023

Microsoft beefs up ChatGPT and Bing in wide-ranging AI product launch

Microsoft on Tuesday started making available to users a host of AI upgrades, including to ChatGPT, its search engine Bing as well as to cloud services.
UAE announces 3 new clauses on corporate tax

Three new clauses related to corporate tax have been announced by the UAE Ministry of Finance, clarifying exemptions on private pensions, social security and participation, and accountancy methods.
UAE, Malaysia to launch CEPA negotiations

The UAE and Malaysia are set to start discussions on establishing a Comprehensive Economic Partnership Agreement (CEPA) between the two countries.
Now edit Whatsapp messages within 15 minutes of sending it

In a bid to enhance user experience, WhatsApp, the messaging platform owned by Meta, is rolling out a new update that will allow users to edit sent messages.
Biden, McCarthy meeting ends with no deal on US debt ceiling

President Joe Biden and US House Speaker Kevin McCarthy could not reach an agreement on Monday on how to raise the US government's $31.4 trillion debt ceiling with just 10 days before a possible default that could sink the US economy, but have vowed to keep talking.

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UAE Companies Face A 38% Jump In Claims For Petrol Expenses
A report from Bayzat, an HR software, says that there's been a 38% increase in the amount employees are claiming back in fuel charges.
Increase in bag loss
Airports are facing an increase in baggage mishandling rate as the number of passengers continue to rise. So we asked Nicole Hogg, Product Management Director, Baggage at SITA whether bag loss is a new trend.
Could Space Travel Become More Accessible?
H.E. Ibrahim Al Qassim, Deputy Director General of the UAE Space Agency joined us to explain what it would take for more people to be able to go into space.

Can you reunite Rob with his Rolex?
Dubai Police recently warned residents not to join in a viral trend aimed at proving the city's honest nature by leaving valuables unattended. But what if you found yourself doing so accidentally in the most unlikely way?
ADGM financial centre to include Reem Island in expansion plan
ADGM, a financial free zone and the international financial centre of the UAE capital, will add Al-Reem Island to its current location on Al-Maryah Island.