UAE firms accelerate AI transformation, new report finds
The real power of AI lies in its careful deployment across diverse business functions, and the UAE is primed for...Business
TikTok makes AI driven ad tool available globally
San Francisco, United States - TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for...Technology Business
Russia, Saudi say sovereign Palestine state vital for regional peace
RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...The two sides discussed the developments in Palestine and expressed their deep concern about the humanitarian catastrophe in Gaza.
Russia and Saudi Arabia stressed on the need to stop military operations in the Palestinian territories, and the need to protect civilians.
ENEC, X-energy sign agreement
The firms will collaborate on nuclear energy technologies.The MoU was signed at COP28 and comes in line with ENEC’s recently announced ADVANCE Program.
The central aim of ENEC’s ADVANCE program is to harness the latest advancements in nuclear energy technologies.
Bosch to cut 1,500 jobs
The firm said the cuts will be completed by the end of 2025.Bosch is facing major structural changes when it comes to transmissions as the shift to electromobility gathers pace.
The company stressed there would be no compulsory redundancies in the forthcoming cuts, in line with a recent agreement.
UAE green bonds and sukuk issuances touch US$4.20bn
According to Mohamed Ali Al Shorafa, Chairman of the SCA Board, the issuance of green bonds and Sukuk is one...The chairman of the SCA board applauded the UAE for its commitment to sustainability
He highlighted the SCA's decision to exempt companies wishing to list from registration fees
EasyLease buys 60% stake in Fully Charged
Fully Charged has expertise in EV charging technology.The move marks a significant step for EasyLease, reinforcing its presence in the sustainable mobility sector and establishing a role in the industry's development
A suite of services, covering home charger installations, corporate charging solutions, and reliable ongoing support, has been instrumental in the success of Fully Charged
TikTok announces online shop deal
Indonesia is TikTok's second-largest global market.Indonesia in September banned sales on social media to protect small businesses that were losing out to e-commerce giants
With 125 million users, Indonesia is TikTok's second-largest global market after the United States, according to company figures
Doha Forum debates advantages in Gulf-Europe green ties
Doha, Qatar-- Oil and gas producers in the Middle East are assessing "challenges and opportunities" available for their economies to...The discussion focused on opportunities for green cooperation between the Middle East and Europe, and the importance of enhancing the cooperation
The session highlighted opportunities this transformation provides for both regions, such as diversifying their economies and stimulating development cooperation
COP28 focused on achieving balanced package in negotiations: Majid Al Suwaidi
Dubai, UAE-- The COP28 Presidency is focused on achieving a balanced package in the negotiations, according to Ambassador Majid Al...Al Suwaidi said that food systems are very exposed to the effects of climate change, and "COP28 is proud to be elevating them to the highest level of discussions"
According to the COP28 director general, the global community has raised $2.5 billion to support the food-climate agenda during the World Climate Action Summit
Cloud security challenges haunt firms in UAE and KSA
Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals...Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals a latest study by Illumio.
Organizations have been advised to adopt robust security measures, including Zero Trust Segmentation, to protect against emerging cyber threats.
NDMC secures syndicated international loan worth $11bn
Riyadh, Saudi Arabia -- The National Debt Management Center (NDMC) completed the arrangement of a syndicated international loan worth $11...A total of 14 international financial institutions from Asia, the Middle East, Europe, and the US participated in the 10-year loan.
The success of this loan arrangement proves the Kingdom’s proactive trends to provide financing resources that achieve economic growth and diversification, NDMC said.
