• Air Arabia Egypt marks its first flight to Istanbul

    CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...

    Upon arrival at Istanbul, the flight was greeted with a water cannon salute and a welcome ceremony.

    The newly added route will connect both cities with a frequency of three weekly flights.

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    DWTC welcomes 2.47m visitors in 2023, says EVP

    DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC)  Mahir Julfar said that the DWTC's performance in 2023...

    Over 722,000 were international visitors to various events, showcasing an unparalleled 60 percent growth rate year-on-year.

    Flagship events such as GITEX Global and Gulfood maintained their leadership positions in their respective sectors.

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    Jordanian industrialists call for export diversification

    AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...

    They called for expanding outreach to foreign markets, fostering collaboration between the government and the industrial sector.

    Jordan has taken several measures to stimulate domestic exports, improve market access and maximize the benefits of existing free trade agreements.

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    Tesla to unveil robotaxi in August

    Its shares rose more than three percent in after-market trades.

    Tesla models with Full Self-Driving "will be superhuman to such a degree that it will seem strange in the future that humans drove cars," Elon Musk wrote in his post on X

    Musk has also said that owners of Tesla vehicles with FSD will be able to have their cars serve as robotaxis, rather than remain idly parked

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    Meta to label AI-generated content

    It seeks to reassure users over the risks of deepfakes.

    The company said it will no longer remove manipulated images and audio that don't otherwise break its rules

    The changes come as a response to criticism from the tech giant's oversight board, which reviews Meta's content

  • Dubai receives 3.67 million visitors in first two months of 2024

    Dubai, UAE--Dubai received 3.67 million overnight visitors in January-February 2024, with an increase of over 18 percent year-on-year (YoY), figures...

    The emirate recorded 1.77 million international visitors in January, and 1.9 million in February, according to Dubai Department of Economy and Tourism

    Europe led the list with 773,000 tourists, South Asia came in second with 604,000 visitors, followed by Gulf Cooperation Council countries with 549,000

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    UAE stocks see US$1.7bn inflow, IHC, Emaar lead

    ABU DHABI, UAE- The  UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus...

    The weekly liquidity in the Abu Dhabi market was US$1.2 billion (AED4.57 billion).

    The weekly liquidity in the in the Dubai market was US$517 million (AED1.9 billion).

  • Abu Dhabi’s private sector grows by over  35 percent in 2023

    ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...

    Al Multaqa Meetings empower Abu Dhabi to accelerate economic growth, by providing a platform to support investment.

    Supported by private sector and family-owned businesses, Abu Dhabi’s non-oil sectors is going from strength to strength.

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    CBI, zypl.ai ink partnership

    The pact aligns with CBI’s plan to support innovation in UAE.

    CBI, zypl.ai partnership signifies a strategic entry into using AI implementation for advanced credit scoring.

    CBI plans to further enhance operational efficiencies to ensure a swift and seamless lending experience.

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    Samsung expects 10-fold jump in Q1 profit

    It expects operating profits to jump to US$4.89bn.

    The company expects January-March operating profits to climb 931.3 percent to $4.89 billion

    The South Korean firm is expected to release its final earnings report at the end of this month