Utilizing AI is only possible if skill gap is bridged, says expert
DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
Business
Invest Qatar launches azure open AI GPT-powered chatbot ‘Ai.SHA’
DOHA, QATAR - The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered...
Business
Arts & Culture
Ithra participates in Cannes Film Festival with new Saudi films
Director of Theater and Performing Arts at Ithra Majed Zuhair Samman said that the Ithra's participation in the festival reflects...
- Director of Theater and Performing Arts at Ithra Majed Zuhair Samman said that Ithra's participation in the festival reflects its active role in the film industry in Saudi Arabia
- Ithra is participating as part of the Saudi pavilion at the festival, which is supervised by the Film Commission
Business
Multiply to invest in Borouge IPO
The company to make this investment at the final offer price set by Borouge.
- Borouge has adopted a comprehensive sustainability agenda with a strong focus on promoting a zero-waste plastics circular economy
- It aims to reduce its Scope 1 emissions by 25 percent, its energy intensity by 30 percent and continuous flaring by 100 percent by 2030
Economy
56% decline in traffic accident deaths in Q1 of 2022: Sharjah Police
The Director of Traffic and Patrols Department of Sharjah Police (SP), Lt. Col. Mohammed Alai Al Naqbi attributed the success...
- The Director of Traffic and Patrols Department of Sharjah Police (SP), Lt. Col. Mohammed Alai Al Naqbi attributed the success to traffic campaigns
- He explained that the "Be careful and drive with caution" campaign, which was launched in February 2022, showed a decrease in the road fatality rate
Business
Aramco, Etisalat top list of GCC’s valuable firms
Although the last several months have been hard for listed businesses in the Middle East, yet many have defied the...
- The banking and financial services sector has seen its worth grow much more than other sectors
- Still, individual companies like Aramco of Saudi Arabia and Etisalat of UAE are by far the most valuable companies in the region
Geostrategy
Saudi presidency of ARADO Executive Council renewed for 2022-24
The General Assembly of the Arab Administrative Development Organization (ARADO) renewed the presidency of Saudi Arabia for the organization's Executive...
- The renewal came at ARADO's 57th session held on May 19, 2022, at the organization's headquarters in Cairo,.
- The memberships of the UAE, Sudan, Oman, Kuwait, Egypt, and Morocco were renewed.
Economy
Renewables, wind power, EVs to check climate change
Mitigate the carbon footprint of every other alternative energy that we’re going to develop, says Occidental Petroleum chief Vicki Hollub...
- Mitigate the carbon footprint of every other alternative energy that we’re going to develop, says Occidental Petroleum chief Vicki Hollub
- The world does not need to choose between an energy crisis and a climate crisis, says International Energy Agency Executive Director Fatih Birol
Business
Nayifat CEO resigns
Al-Sowailem resigned due to “personal circumstances."
- Al-Sowailem held the position of managing director and has resigned from his membership in the board of directors and committees
- The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity
Geostrategy
WEF: UAE eyes end to global hunger through innovation
Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and...
- Beside UAE, the other GCC countries that have sent delegations to the World Economic Forum include Saudi Arabia, Bahrain and Qatar to put their perspectives on contemporary issues.
- The forum’s first in-person Annual Meeting in more than two years is being attended by the world’s top leaders from politics, business, civil society, academia, media and the arts.
Business
Sharjah Consultative Council reviews plans to promote private sector
The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the...
- Saif Mohammed Al Midfa, Chairman of the Council’s Financial, Economic and Industrial Affairs Committee, praised exhibition industry's achievements.
- He said the council looked forward to enhancing the reputation of Sharjah as a regional hub for prospective investments.
Arts & Culture
Qatar all set to successfully begin the FIFA World Cup : Official
Qatar is ready for the launch of a safe and exceptional tournament, the Head of the FIFA World Cup Qatar...
- The World Cup Security officer Al-Mohannadi said all the preparations indicates that the World Cup is a step away from starting.
- He said all the countries participating in the World Cup were invited to cooperate with the International Police Cooperation Center.
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
Utilizing AI is only possible if skill gap is bridged, says expert
DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
Business
Company News
GAL signs MoU with GMF
Business
Latest News
AMEA Power completes $1.1bn deal to deploy 1GW of energy projects in Egypt
The landmark 500 MW wind and 500MW solar projects, represent US$1.1bn of investment into the Egyptian economy and takes the...
Business
Turkey’s economy to grow 5 percent in 2022: Poll
In 2021, Turkey's economy rebounded from the COVID-19 pandemic to grow 11.4 percent.
Economy
UAE, Cameroon non-oil trade exchange grows by 33.5% in last 10 years
Non-oil trade exchange between the UAE and Cameroon grew by 33.5 percent between 2012 and 2021, reaching $522 million by...
Economy
Most Read
Science
UAE moon rover launch put off, to run more ‘pre-flight checks’
Dubai, UAE— The UAE’s moon rover launch has been delayed by one day in order to run more pre-flight checks,...
- Rashid Rover, the Arab world’s first lunar mission, is now scheduled to launch at 8:37 a.m. (GMT) on Thursday, Dec.1, from Cape Canaveral in Florida, US
- The integrated spacecraft once launched will take a low-energy route to the moon rather than a direct approach
Economy
Saudi Arabia extends term of $5 billion deposit for Central Bank of Egypt
The Egyptian economy has been hard-hit by the coronavirus pandemic and the war in Ukraine.
- The Egyptian economy has been hard-hit by the coronavirus pandemic and the war in Ukraine
- The package would allow Egypt to open '‘new financing channels with regional and international organizations''
Business
Etihad Rail and Borouge enter into strategic partnership
Abu Dhabi, UAE— Etihad Rail and Borouge have entered into a strategic partnership for sustainable transportation to carry 1.3 million...
- Under the terms of this partnership, Borouge becomes one of Etihad Rail’s main customers
- Etihad Rail has successfully reserved 60 percent of the network’s annual transport capacity