TAMM partners with AI71 to use UAE’s Falcon series LLMs
TAMM becomes first to use UAE’s Falcon large language models.
Business
FAB becomes first MENA bank to publish TCFD climate report
Abu Dhabi, UAE -- First Abu Dhabi Bank (FAB) became the first MENA bank to publish a Task Force for...
Business
For poor Jordanians, debt trap is often a prison cell
Jordanians in financial trouble can't declare personal bankruptcy Non-payment of even small debts carries up to 90 days in jail...
Dubai Chambers reform aims to raise annual foreign trade to $540 billion
The emirate’s annual trade stood at $320 billion in 2020 Foreign trade focus likely on high-growth markets like Latin America,...
$13-million consignment among Dubai Customs’ 398 drug seizures in 2021 Q1
1118 seizures made in 2020 at different entry points in Dubai Punishment for possession of drugs range from 4 years...
Mubadala sells 4.5 percent Oil Search stake for $275m
Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded A$363 million ($274.82 million) share in Oil Search, which has...
UAE extends ban on flights from India, 13 other countries
A notice to airmen (NOTAM) issued by the UAE civil aviation authority informed the airlines of suspension of flight services...
51% MENA businesses face financial crime risks: Refinitiv
Growth in digitalization has led to an increased risk of cybercrime Risk and compliance practices may fall short of global...
Lufthansa Technik to provide technical expertise to Joramco
The agreement will allow Joramco to enhance its in-house capabilities LTME will relocate a number of its spares to Joramco...
Pfizer-Biotech vaccine considered safest by UAE, Saudi residents
 Pfizer jab more likely to be trusted by 25-34 age group adults AstraZeneca vaccine considered second safest vaccine in both...
UAE and Israel to sign more cooperation deals
The two countries normalized ties last year Israeli foreign minister calls new consulate a 'center of cooperation' The United Arab...
Emirates NBD expects UAE GDP to grow by 1.5 percent in 2021
Revenues to grow 12 percent on higher oil prices and taxes A 7 percent increase in total government expenditure also...
TAMM partners with AI71 to use UAE’s Falcon series LLMs
TAMM becomes first to use UAE’s Falcon large language models.
Business
Company News
Mubadala invests in Aligned
Business
e& H1 net profit $1.27bn
Business
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SABIC AN profit slumps 71% in H1
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
Fahd al-Jarallah appointed new Kuwait FM amid economic challenges
Kuwait City, Kuwait -- Kuwait Sunday announced the appointment of Fahd Abdulaziz al-Jarallah as the new Finance Minister. This decision...
Geostrategy
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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.
Business
Saudi first quarter travel balance of payments surplus $6 billion
Riyadh, Saudi Arabia -- Saudi Arabia achieved a surplus of SAR 22.8 billion ($6.07 billion) in the balance of payments...
- The Kingdom had recorded a deficit of SAR 1.6 billion in Q1 2022, the Kingdom's Ministry of Tourism said.
- Incoming tourism revenues increased by about 225 percent compared to the first quarter of 2022, to reach about SAR 37 billion.