Nvidia unveils plan for Taiwan’s first ‘AI supercomputer’
Taipei, Taiwan -- Nvidia boss Jensen Huang announced plans for Taiwan's first "AI supercomputer", as he showcased on Monday the...
Business
‘Gentle giants’: World’s strongest men defy stereotypes
Sacramento, United States -- Eddie Williams is a schoolteacher from Monday to Friday and a wedding singer on weekends. In...
Arts & Culture
COP28 UAE
Abu Dhabi Global Market announced as home to $30 billion ALTÉRRA
Abu Dhabi, UAE - The Abu Dhabi Global Market (ADGM) was announced as the home of the newly launched catalytic...
- As the principal climate finance partner of COP28, ADGM has played a pivotal role in shaping the global dialogue on climate finance
- The initiative, which saw the UAE commit a US$30 billion in catalytic capital, positions ALTÉRRA to mobilise US$250 billion globally by 2030
COP28 UAE
COP28’s Green Zone: A central hub for climate-related activities
Dubai, UAE - The Green Zone at the COP28, overseen and managed by the conference presidency team, serves as a...
- Starting on December 3, the Green Zone will host attendees throughout the COP28 week, providing access to exhibitions, artistic installations, film screenings etc
- Specialized centres within the Green Zone provide opportunities for learning, skill development, and collaboration to address climate change
Economy
UAE, Philippines to cooperate in digital sector with focus on data centers
Abu Dhabi, UAE - The UAE and Philippines signed an agreement to create a framework for investment in the digital...
- As physical facilities that organizations use to store critical data and run applications, data centers are vital parts of the digital economy infrastructure
- Recognized as one of the emerging data center markets worldwide, the Philippines offers a robust, rapidly growing ecosystem in this sector
COP28 UAE
Indian spiritual leader Sadhguru to kick off COP28 faith pavilion
Dubai, UAE – Indian spiritual leader Sadhguru will address the first-ever Faith Pavilion at COP28 on Friday December 1, kicking...
- Head of the Isha Foundation and founder of the Save Soil movement will present his vision on the critical role of healthy, living soils in mitigating the impacts of climate change
- Sadhguru has built up an international following, with over a billion views on YouTube and 11 million followers on Instagram, with his message of spirituality and climate action
Geostrategy
MoHRE asks over 12,000 private firms to meet Emiratization targets
DUBAI, UAE – The Ministry of Human Resources and Emiratization (MoHRE) has notified over 12,000 private companies with 20-49 workers...
- Companies with 20-49 workers will be required to hire one UAE national in 2024 and another one in 2025.
- This step is expected to create around 12,000 jobs annually for UAE nationals in 2024 and 2025 in various sectors.
Economy
Siranna: NEOM’s premier destination for elite travelers revealed
NEOM, Saudi Arabia – NEOM, a futuristic city planned by Saudi Arabia in its northwestern Tabuk Province, has unveiled Siranna,...
- The destination offers uninterrupted views of the Red Sea, with its tiered design offering diverse views and perspectives
- Arriving via waterborne transportation to the secluded bay, guests will journey through the natural rock formations before reaching the entrance of the property
30 Palestinian civilians freed under truce deal: Israel
The overnight releases, which came after a sixth batch of hostages were freed from Gaza, bring the number of Palestinian...
- During the night, 30 male and female security civilians were released from a number of prison facilities," the country's prison service said in a statement
- Among those freed was Ahed Tamimi, a 22-year-old activist who has become a key figure for Palestinians defying the Israeli occupation
Geostrategy
Israel’s security impossible without resolving Palestinian problem: Russia
United Nations - Israel’s security can be ensured only through a lasting solution to the Palestinian problem and Russia is...
- Many questions arise about ways of reviving Gaza and about the future lasting solution to the Palestinian problem in general, Vasily Nebenzya said
- The mechanism of external backing for conditions for a lasting, stable settlement on the basis of the two-state solution should be really representative, he added
Business
Aster to separate its India and GCC businesses
Dubai, UAE - Aster, an integrated healthcare provider, is separating its India and GCC businesses, subject to regulatory and corporate...
- Under the plan, a consortium led by Fajr Capital has entered into an agreement to acquire a 65% stake in the ownership of the GCC business
- The separation plan will unlock value for the shareholders by allowing both the India and GCC businesses to adopt a market-focused strategy
Geostrategy
UNGA resolution calls upon Israel to withdraw from the occupied Golan Heights
United Nations - The UN General Assembly adopted a resolution calling upon Israel to withdraw from the occupied Golan Heights,...
- A total of 91 countries voted in favor of the document, including Russia, Brazil, India, China and Saudi Arabia
- Eight countries, including the United States and the United Kingdom, voted against. 62 countries abstained
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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
Nvidia unveils plan for Taiwan’s first ‘AI supercomputer’
Taipei, Taiwan -- Nvidia boss Jensen Huang announced plans for Taiwan's first "AI supercomputer", as he showcased on Monday the...
Business
Company News
Latest News
Dubai welcomes record 9.31 million visitors in first half of 2024
Dubai, UAE - Dubai has reinforced its position as a global tourism leader by welcoming a record 9.31 million international...
Economy
Pre-tax net profit of Dubai Financial Market rises 74% to $53m in H1 2024
Dubai, Saudi Arabia - Dubai Financial Market (DFM) today announced its consolidated financial results for the period ended June 30,...
Economy
GCC countries host nine million Indians, UAE alone home to 3.55 million
New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million,...
Economy
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Geostrategy
Defiant Netanyahu to face US Congress amid Biden’s withdrawal
US Secretary of State Antony Blinken, using an American football image, said Friday that negotiators were "inside the 10 yard...
- Israel's longest-serving premier will on Wednesday become the first foreign leader to address a joint meeting of the two chambers four times
- But analysts say the Gaza war since the October 7 Hamas attacks has created worrying tensions between Israel and the United States
Saudi Arabia constitutes center for promoting moderate Islam: North Macedonia Mufti
Skopje – Islamic Union President and Republic of North Macedonia Mufti Sheikh Hafiz Şakir Fetahu stressed that Saudi Arabia has...
- He expressed gratitude to Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud
- The president praised the Kingdom's government for its significant and extensive services to the Two Holy Mosques and their visitors, including pilgrims and Umrah performers
Business
Saudi Arabia’s tourist spending reaches $40bn: minister
Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international...
- Passenger air traffic in Saudi Arabia rose by 17 percent in the first half of 2024, reaching 62 million compared to 53 million in the same period last year
- This growth was aided by a 12 percent increase in flights, with 446,000 recorded compared to 399,000 in the first half of 2023