Microsoft unveils autonomous AI agents for business tasks
San Francisco, United States - Microsoft on Monday said it was enhancing its AI offerings with new autonomous agent capabilities as...Business
UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment
Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement...Business
ahli islamic introduces Sharia-compliant Money Market Fund
MUSCAT, OMAN – As part of its investment solutions and Sharia-compliant products and services, ahli islamic, ahlibank’s Islamic banking window,...ahli islamic customers now have the opportunity to invest and gain exposure to attractive local and regional profit rates.
With its lucrative returns, the new Islamic Money Market Fund is for those seeking Sharia-compliant investments.
RAKBANK, DP World sign pact
The aim is to offer trade finance solutions to businesses in UAE.This strategic partnership leverages DP World's extensive trade network and real-time data insights.
It empowers RAKBANK with enhanced risk assessment capabilities and streamlined access to financing.
Apple explores making personal robots
It is working on a robot that may be helpful to people.Apple is reported to have transferred employees from the shuttered car division to generative artificial intelligence projects
The robot project is being overseen by Apple’s hardware engineering division and its AI and machine learning group
OPEC+ decides to keep oil production levels unchanged
Vienna, Austria--The participants of the 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum...The Joint Ministerial Monitoring Committee of OPEC+ agreed to keep current oil production levels unchanged
It lauded Russia for announcing that its adjustments in the next few months will be based on production instead of exports
Turkish Airlines profits soar
In December, the airline ordered 230 Airbus planes.The airline posted revenues of $20.9 billion last year, up 13.6 percent on 2022's figure
The airline is controlled by the country's wealth fund, which owns 49.1 percent of shares
Rising threat: DDoS attacks demand proactive defense
"Threat actors can employ artificial intelligence (AI) and machine learning (ML) algorithms to identify vulnerabilities and adapt their tactics in...DDoS attacks have evolved from simple nuisances to highly sophisticated and coordinated assaults, posing a significant threat to online businesses
Today's attackers use various techniques, including amplification attacks, which exploit internet protocol vulnerabilities to multiply attack traffic, making mitigation challenging
Russia becomes world’s fourth-biggest LNG producer, says PM
MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year. The Russian...Mikhail Mishustin said that the volume of LNG exports rose almost three-fold in six years.
In January - February 2024, natural gas production in Russia increased by 11.3 percent year-on-year.
EasyLease buys stake in United Trans
This helps EasyLease expand its presence in mobility sector.United Trans has been at the forefront of transforming the regional transport spectrum.
The company collaborates with major global organizations across all modes of transport.
flynas receives 50th jetliner out of 120 Airbus A320neo ordered
RIYADH, SAUDI ARABIA – flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the...The deal with Airbus was a strategic step for flynas, consolidating its position as a leading low-cost airline in the Middle East.
The company is moving forward in its plan to double the fleet size after getting approval to purchase 250 aircraft.
Iran-Turkey trade expands to US$930m in first two months of 2024
Tehran, Iran--The trade exchanges between Iran and Turkey in the first two months of 2024 reached $930 million, showing a...According to a report, Turkey’s exports to Iran in January and February reached $580 million, recording a 23 percent increase
Turkey’s imports from Iran however registered a 22 percent decline and fell from $450m in January-February 2023 to $350m