Liberty Media buy MotoGP
Formula One owners paid US$4.5 billion for the deal.Company News Business Global
Rotana announces the soft opening of Dar Rayhaan in Saudi Arabia
Abu Dhabi, UAE – Rotana, one of the leading hotel management companies in the region with over 100 properties in...Business Tourism
ADSB to make two vessels for ADNOC Logistics & Services
ABU DHABI, UAE - Abu Dhabi Ship Building (ADSB) announced that it is building two 28-meter vessels for ADNOC Logistics...The vessels are each powered by two diesel engines coupled with two Z-drive Azimuth thrusters.
This configuration allows them to achieve a speed of 12 knots and a bollard pull of 60 tons.
$5.8bn worth deals signed in first four days of Dubai Airshow 2023
DUBAI, UAE – Tawazun Council signed 16 deals, worth US$1.3 billion (AED 4.87 billion), with local and international companies on...The first day saw announcement of contracts worth US$1.2 billion and the second day US$1.8 billion
The total value of contracts announced on third day stood at US$1.3 billion
EPI to make assembly parts for Raytheon
EPI is part of the Platforms Systems cluster within EDGE.EPI will supply prototype quantities of machined aluminium and assembly parts for the Coyote® Counter-UAS interceptor.
The agreement supports the 'Make it in the Emirates' initiative, a comprehensive plan for developing the UAE's industrial sector.
PIF seeks to increase stake in Egypt’s e-Finance by 2 percent
Riyadh, Saudi Arabia -- Ibrahim Sarhan, the Chairman and Managing Director of e-Finance for Digital & Financial Investments based in...This move comes after PIF's recent buy orders for the stake purchase, indicating the fund's confidence in e-Finance and its favorable financial results, Argaam reported.
e-Finance expanded its operations by opening an office in Saudi Arabia this month, securing essential licenses with the support of PIF as a major shareholder.
IBM pulls ads from Elon Musk’s X over pro-Nazi posts
In the year since taking over Twitter, now rebranded as X, Musk has gutted content moderation, restored accounts of previously...The move came as X owner Elon Musk faced criticism for endorsing an unfounded antisemitic conspiracy theory on the service
Nonprofit Media Matters reported that it found Apple, Oracle and IBM ads displayed next to posts touting Hitler and the Nazi Party on X
Google launches new AI features for organizing photos
Washington, United States - Google said on Thursday that Google Photos now groups together similar photos and organizes screenshots and...Google Photos will automatically identify and group similar photos that were taken close together into Photo Stacks
The company is also applying the technology to screen shots and important documents stored on a user's phone
UAE awards EDGE $65m contract to supply unmanned aerial systems
Abu Dhabi, UAE – ADASI, the EDGE Group entity, a regional leader in autonomous systems and services, said on Thursday...Aimed at further advancing air operations, GARMOOSHA is an unmanned aircraft designed to carry payloads of 120kg with a range of 150km
With a low-consumption fuel engine, its sensor capabilities make it a versatile system capable of solving some of the most difficult challenges
Alibaba shares dive more than 7% after cloud service called off
Alibaba is a key player in China's expansive digital economy and the operator of a major online shopping platform. The...The firm's stock dived 7.13 percent soon after the starting bell in Hong Kong, tracking a collapse in its New York-listed shares
Washington has moved to bar the shipment to China of powerful chips, including those from California-based Nvidia
Focus shifts to societal impact and ethical use of AI
AI and data stakeholders will gather at Global Data Dialogue 2023 -- to be hosted in Dubai next week by...AI and data stakeholders will gather at Global Data Dialogue 2023 - to be hosted in Dubai next week by DataLEADS - to discuss AI's sector-wide transformative potential.
Through engaging panel discussions, illuminating show-and-tell sessions, the summit endeavors to spark dialogues that will shape the trajectory of AI and and data science globally
UAE defense ministry orders 100 REACH-S unmanned aircraft from EDGE
DUBAI, UAE - EDGE, one of the world's leading advanced technology and defense groups, announced its first major order from...ADASI, an EDGE entity which designs and develops autonomous systems, will oversee the production and deliver the contract to the UAE Armed Forces.
The REACH-S will provide the UAE Armed Forces with a cost-effective, 24-hour intelligence, surveillance and reconnaissance (ISR) capability.
