OpenAI reveals new GPT-4o model that is faster and free for all users
OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with an updated user interface, the...
Business
GCC unveils strategic vision for regional stability
For the first time in its 43-year history, the bloc has set a strategic vision that prioritizes diplomacy and dialogue...
Geostrategy
Geostrategy
GCC contributes 97% of Arab humanitarian assistance
The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to...
- The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to around US$51.5 billion, marking a 25% increase, says a report
- Challenges facing charitable organizations include conflicts and societal instability, highlighting the need for continued development and capacity building, adds the API report
Economy
Women’s role crucial to future tech development
“As we sit at the crossroads of the very future of humanity as it relates to technology, female influence, and...
- Sheikha Bodour Al Qasimi, President of AUS and SRTI Park, highlights the underrepresentation of women in the tech sector and urges for a rapid change
- She argues that providing women with leadership opportunities and including their perspectives in decision-making could lead to a better technology roadmap
Economy
‘UAE-India economic ties benefit 3.8 billion people’
Both countries are focusing on sectors such as technology, digital payments, innovation, green energy, healthcare, and more to develop their...
- Both countries are focusing on sectors such as technology, digital payments, innovation, green energy, healthcare, and more to develop their economies, says UAE’s minister
- Abdullah bin Touq Al Marri stresses on the importance of the CEPA signed between the two countries, emphasizing its role in enhancing trade and creating opportunities
‘Qatar’s economy is shining example of reforms’
The contribution of the non-oil sector to the growth of the economy is the strongest in the Gulf region, which...
- Qatar pledges 20 percent of its Special Drawing Rights to support countries with low growth and climate risks, says IMF Managing Director Kristalina Georgieva in Doha
- Despite global economic slowdown predicted for 2023, Qatar's diversified economy is expected to outperform global growth rates, she adds during Qatar Economic Forum
Economy
Africa needs greater finance to battle climate change
“When it comes to renewable energy, only two percent of the US$3 trillion invested worldwide over the last twenty years...
- Dr Sultan bin Ahmed Al Jaber, the COP28 President-Designate, calls for a significant increase in public and private climate finance for Africa
- Only 2% of global renewable energy investment has gone to Africa in the last two decades, highlighting the need to shift climate finance balance.
Economy
Oil, non-oil sectors may hurt UAE’s growth prospects
OPEC-agreed oil output cuts, non-oil sector slowdown due to higher rates, and weaker external demand may act as potential setbacks...
- OPEC-agreed oil output cuts, non-oil sector slowdown due to higher interest rates, and weaker external demand may act as potential setbacks for UAE's economy this year
- The UAE's real GDP growth rate might drop to 3 percent in 2023, a sharp decrease from the robust 7.6 percent in 2022, predicts the latest forecast by GlobalData
Economy
Entrepreneurship, SMEs drive Qatar’s economic growth
The Gulf country, according to reports, ranks first in the MENA region and fifth globally in entrepreneurship education and training...
- Qatar ranks first in the MENA region and fifth globally in entrepreneurship education and training at university and vocational levels, says a top QSTP executive
- Numerous initiatives are in place to stimulate the economy, including enhancing investment climate, encouraging local manufacturing and expanding logistics infra
Science
End of COVID-19 emergency doesn’t end its threat
“The threat of another variant emerging that causes new surges of disease and death remains, and the threat of another...
- WHO Director-General Tedros Adhanom Ghebreyesus warns of potential future surges from new variants and the emergence of deadlier pathogens
- The global health body chief also stresses the importance of readiness for future pandemics with decisive, collective, and equitable responses
Science
Bahrain, Qatar in focus as UAE astronaut shares unique view of the Gulf from space
Sultan Al Neyadi, the UAE astronaut, honors Bahrain and Qatar from his orbital viewpoint 400km above Earth, describing them as...
- Sultan Al Neyadi, the UAE astronaut, honors Bahrain and Qatar from his orbital viewpoint 400km above Earth, describing them as "two shining pearls"
- He also plans to celebrate his 42nd birthday by connecting with an audience at UAE University in Al Ain as part of his 'A Call from Space' initiative
Geostrategy
Serious efforts needed to tackle Arab world challenges
He stresses on resolving the Palestinian issue, expressing concerns over escalating Israeli attacks and calling for a collective response to...
- OIC Secretary General Hussein Ibrahim Taha highlights the need for strengthening cooperation amid delicate circumstances in Arab and Islamic world
- During the Arab League Summit, Taha also underscores the importance of resolving the Palestinian issue and calls for a collective international response
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
OpenAI reveals new GPT-4o model that is faster and free for all users
OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with an updated user interface, the...
Business
Company News
Latest News
Bahrain Steel raises $450m SLL
The company produces and supplies high-grade iron ore pellets.
Business
Saudi insurance sector shows 14.6 percent growth in Q3 of 2023
RIYADH, SAUDI ARABIA- The Insurance Authority (IA) has issued its first report on the performance of the sector in the...
Business
Most Read
Economy
2023: A year of technological triumphs in the GCC
This year, the GCC region has solidified its technological leadership, with AI, blockchain, and the metaverse leading the charge in...
- In 2023, the GCC region has solidified its technological leadership, with AI, blockchain, and the metaverse leading the charge in transforming various sectors.
- The GCC's 2023 tech journey has been marked by significant strides in sustainable technology, cybersecurity, and a bold entry into space exploration.
Geostrategy
UNSC approves aid resolution as Gaza crisis mounts
As fighting between Israel and Hamas intensifies, the UN Security Council has passed a resolution to enhance aid to Gaza,...
- As fighting between Israel and Hamas intensifies, the UN Security Council has passed a resolution to enhance aid to Gaza, where civilians face severe hardships.
- Escalating conflict between Israel and Hamas in Gaza has led to over 410 deaths in 48 hours and intense urban warfare, triggering a severe humanitarian crisis.
UNCTAD eWeek focuses on AI risks, e-commerce growth in developing countries
At UNCTAD eWeek 2023, experts stress the importance of aligning AI development with Sustainable Development Goals to mitigate risks and...
- At UNCTAD eWeek 2023, experts stress the importance of aligning AI development with Sustainable Development Goals to mitigate risks and ensure a secure digital future.
- Australia committed $2 million to UNCTAD for e-commerce support in developing nations, as Kenya unveiled a national strategy to spur its digital economy growth.