Bloomberg International Business Machines Corp (IBM) dropped from the top spot for US patents in 2022, the first time in decades Big Blue hasn’t claimed the most in a year, signalling a strategy shift at the longtime intellectual property leader. IBM’s patent count declined 44% to 4,743 patents in 2022, falling to No. 2 behind Samsung Electronics Co.’s 8,513, ...

  Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced that it has applied financial contributions to private sector companies for failing to achieve the Emiratisation targets stipulated for the year 2022. This is in line with the implementation of the UAE cabinet’s resolution to raise the Emiratisation levels of skilled jobs by 2 percent ...

  Bloomberg Oil pared a large weekly loss as US employment figures allayed some concerns of a major hit to global consumption this year. West Texas Intermediate climbed near $75 a barrel on Friday after the jobs data, but remained down almost 7% this week. Saudi Arabia reduced prices for crude sold to Asia and Europe in February, signaling concerns ...