Tag: 1.2bn

Microsoft invests £1.2bn in UAE-based AI firm G42

Microsoft is investing 1.5 billion US dollars (£1.2 billion) in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser. Microsoft and the technology holding company G42 announced the deal on Tuesday. As part of the agreement, Microsoft’s president Brad Smith will join G42’s board of directors. […]

Exchequer records €1.2bn surplus for 2023

Additional report by Reuters. An Exchequer surplus of €1.2 billion was recorded in 2023. The figure is a decline of €3.8 billion on the surplus recorded in 2022, with growth in tax revenue offset by several factors, including increased public expenditure as well as the transfer of €4 billion from the Exchequer to the National […]