Egypt jumps to third place in Offshore BPO Confidence Index
Cairo, Egypt -- Egypt's global prominence received a boost as it jumped from 11th to third place in the 2023...
Business
Chinese tourism bookings to Saudi surge 277% after mega promotional campaign
Shanghai, China -- In a bid to attract Chinese tourists, the Saudi Tourism Authority recently concluded its first, and the...
Business
World’s deepest swimming pool opens in Dubai
The Guinness World Records-certified world’s deepest swimming pool, located in Deep Dive Dubai, has been opened but it will be...
DP World makes offer to buy all outstanding shares of Imperial Logistics
DP World expects the deal to build supply chains especially in Africa Imperial Logistics has operations in 25 countries Dubai-based...
Aramco to continue sales of assets in next few years: report
Aramco official says sales to continue irrespective of market conditions The company calls sales a strategy meant to create value...
Meet Nora Al-Matrooshi, first Arab woman astronaut in training
Matrooshi, 28, hopes she will have the opportunity to visit space one day She and her fellow countryman, Mohammad Al-Mulla,...
Three rockets fired at US embassy in Baghdad: Iraqi army
A rocket attack at an airbase on Wednesday injured 2 personnel in Anbar A spate of recent attacks on US...
Egypt to release megaship that blocked Suez after new compensation deal
Suez Canal Authority reached a final deal on compensation Cairo lost between $12m-$15m in revenues for each day of blockage ...
Emirates Auction to assist on-road broken-down vehicles
Dubai Police and the auctions firm have signed an MoU Emirates Auction will deploy a fleet of vehicles equipped with...
Pakistan imports goods worth $10.6 b from four GCC countries
Imports from UAE $6.2 billion compared to $5.9 billion last year The highest increase in imports recorded from Saudi Arabia...
Morocco to produce Sinopharm vaccine
The country will invest $500m to produce 5 million doses a month Africa's first national vaccination program aimed at inoculating...
Cyberattack hits hundreds of US businesses
A US IT company urges customers to shut down their servers after the attack UN Security Council members recently warned...
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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
Egypt jumps to third place in Offshore BPO Confidence Index
Cairo, Egypt -- Egypt's global prominence received a boost as it jumped from 11th to third place in the 2023...
Business
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SABIC H1 net profit slumps 87%
Business
DAE H1 profit up 13%
Business
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Mubadala invests in Aligned
Business
e& H1 net profit $1.27bn
Business
Iran’s oil output capacity up 40 percent in two years: Oil Minister
Tehran, UAE -- Iran’s oil production capacity has increased 40 percent in two years with the rise in investment in...
Business
AlNeyadi conducts over 200 research experiments on board ISS
ABU DHABI, UAE - Over the course of a six-month space mission on board the International Space Station (ISS), UAE...
Science
UAE and Brazil launch partnership to exchange expertise in economy
Dubai, UAE -- The governments of the UAE and Brazil have launched a partnership to exchange knowledge and expertise in...
Business
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Business
Alahmadi joins SHUAA Board
He is set to be part of the Board's Investment Committee.
- Alahmadi's career includes stints at global giants like Mubadala and Rothschild & Co. More recently, he was associated with the CEO Office of ADQ
- His current portfolio also includes a position as an independent member of the Audit and Risk Committee for ADX-listed firm, Presight AI Holdings.
Business
Tech’s carbon footprint: can AI revolutionize responsibly?
The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with...
- In 2019, researchers trained several large language models, and found that training a single AI model can emit the CO2 emission equivalent of five cars over their lifetimes.
- Between 2010 and 2018, global data center energy use rose by only 6 percent, despite a 550 percent increase in workloads and computing instances, according to the IEA.
Business
Estithmar opens new subsidiary in Jordan
The subsidiary was set up in partnership with a Jordanian company.
- In August, Estithmar Holding subsidiary Elegancia Healthcare established a branch in Iraq.
- Estithmar Holding had signed agreements with the Iraqi investment authority worth $7 billion.