OpenAI releases ChatGPT-5 as AI race accelerates
San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements...Technology Business
60 percent travelers in UAE trust AI to plan their trips: Report
Dubai, UAE -- Nearly 60 percent of travelers in the UAE trust Artificial Intelligence (AI) to plan every aspect of...Business
Masdar, 3 firms sign agreement
They will establish e-methane supply chain from UAE-Japan.Masdar tweeted that this partnership will contribute to both nations’ shared goal of achieving carbon neutrality by 2050.
E-methane is synthetic methane produced from carbon dioxide (CO2) and green hydrogen.
Dubai real estate market records $925 million in daylong transactions
Dubai, UAE -- Dubai's real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210...The sales included 446 villas and apartments worth AED949.04 million, and 64 land plots worth AED411.67 million.
On Monday, emirate recorded 715 sales transactions worth AED2.28 billion, in addition to 201 mortgage deals of AED993.9 million.
Estithmar sets up issuance program
The Group said the program is valued at $933 million.The Program is expected to be admitted to the London Stock Exchanges International Securities Market.
It has been rated (qaBBB) with a stable outlook at the national scale rating by Capital Intelligence Ratings Ltd (CI).
India’s stock market edges out Hong Kong to become world’s fourth largest
New Delhi, UAE--India's stock market has edged out Hong Kong to become the world's fourth-largest, a milestone that underscores growing...According to data compiled by Bloomberg, the value of shares listed on Indian exchanges hit $4.3trn on Monday, higher than Hong Kong's $4.29trn
Hong Kong's benchmark Hang Seng index, which includes shares of many influential Chinese companies, ended last year 14 percent lower
Airports fly into technology, security innovations
“The future of travel heavily depends on the transformative power of biometrics and touchless passenger experiences. These innovations aim to...Thani Alzaffin of Emaratech Group highlights the crucial role of advanced technologies in modernizing airport security.
Middle Eastern airports are adopting state-of-the-art security measures, including facial recognition and iris scans.
Bahrain and GCC look to boost ‘convention, exhibition’ industry
Manama, Bahrain-- Bahrain and the Gulf Cooperation Council (GCC) are looking to boost cooperation in the convention and conference industry...The Bahrani minister spoke of the kingdom's resolve to continue developing the exhibitions' sector by providing it with facilities
The two sides discussed establishing more major international events and exhibitions across the cities of the GCC countries
IPT Energy floats new firm in Sharjah
It will engage in the import and trading of oil products.The new company will be involved in the import and trading of refined oil products, petrochemicals, lubricants, and grease
It has invested $11m as first stage investment in the emirate and plans to double this investment to $22 million by 2025-26
Macy’s rejects $5.8bn takeover deal
The company also owns the Bloomingdale's store chain.Macy's said the proposal "does not constitute a basis to enter into a non-disclosure agreement," with Arkhouse and Brigade
In a letter to the two firms, Macy's chairman Jeff Gennette said he had "serious reservations" about their ability to finance the deal
ASFAR, Municipality of Al-Ahsa sign agreement
RIYADH, SAUDI ARABIA - ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia,...The agreement aims to develop a major tourism attraction in the Eastern Province of the Kingdom of Saudi Arabia.
The partnership between ASFAR and the Municipality of Al-Ahsa is set to transform the Eastern Province’s leisure and hospitality sectors.
Imane Ayissi brings African tradition to Paris couture
PARIS, FRANCE - Imane Ayissi is on a mission to put authentic African textiles in the spotlight but faces an uphill...Ayissi in 2020 became the first designer from sub-Saharan Africa at haute couture week and seeks to resurrect more traditional fabrics like rafia.
Such fabrics are drawn from local trees and plants, that were used before the African market was flooded with imports during the colonial period.
