Samsung reshuffles leadership amid challenge in AI chips
Seoul, South Korea - Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production...Technology Business
Data Integrity: The foundation of true data freedom
Ensuring data integrity has become more challenging, leaving organizations at risk of data loss and corruption. during migrationBusiness
Digital transformation fuels GCC banks’ growth
The banking sector across the GCC has demonstrated formidable growth and profitability, with Qatar leading in several key performance indicators,...Notably, Qatar National Bank (QNB), the titan among GCC banks in terms of assets, received an uplift in its long-term credit rating from A to A+.Â
The region has also seen a notable increase in profitability, with a significant double-digit rise of 23.1 percent, driven largely by growth in loan books.
Jordan exports pharmaceutical products worth US$874m in 2023
AMMAN, JORDAN – Products of the Kingdom’s pharmaceutical industries and medical supplies sector moved over the past quarter century to...Jordan’s pharmaceutical and medical supplies sector has succeeded in transforming into a global industry.
The pharmaceutical and medical supplies sector employ approximately 10,000 workers.
Sheikh Hamdan praises ADNOC’s efforts in using AI in production process Â
ABU DHABI, UAE - Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, said that under the...Sheikh Hamdan toured key facilities and operations, learning about the company's efforts to leverage AI.
Sheikh Hamdan emphasized on the importance of Emirati women's participation across various sectors.
Microsoft, AI to set up data-center project
It will cost US$100bn and will include an AI supercomputer.As per a media report, Microsoft would be responsible for financing the project, which would be 100 times more costly than some of the biggest current data centers
OpenAI's next major AI upgrade is expected to land by early next year, the report said, adding that Microsoft executives are looking to launch Stargate as soon as 2028
OpenAI unveils voice-cloning tool
It can essentially duplicate someone's speech.OpenAI model called "Voice Engine" can essentially duplicate someone's speech based on a 15-second audio sample, according to the San Francisco-based company
We have implemented a set of safety measures, including watermarking to trace the origin of any audio generated by Voice Engine, OpenAI said
UAE and Kenya sign agreement to enhance digital, tech cooperation
Abu Dhabi, UAE--The UAE and Kenya have signed an investment memorandum establishing a framework for investment cooperation in digitalisation and...The cooperation between the two countries could also include developing data centre projects with a total capacity of up to 1,000 megawatts
The African country is also becoming a preferred investment destination for data centre providers, with the growing demand for cloud services
Turkish Airlines restarts Libya flights after almost a decade
Istanbul, Turkey - Turkey's flagship carrier, Turkish Airlines, has resumed flights to Libya's capital, almost 10 years after they were suspended...The airlines's chief executive, Bilal Eksi, attended a ceremony at Mitiga International Airport on Thursday to mark its first flight to Libya since 2015.
A company spokesman told AFP on Friday that Turkish Airlines will operate flights to Tripoli three times a week on Tuesdays, Thursdays and Sundays.
GASTAT issues FDI statistics of Saudi Arabia for Q4 2023
RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) issued on Friday the Foreign Direct Investment (FDI) statistics for...Total FDI in Saudi Arabia's economy during Q4 of 2023 totaled about US$5 billion.
GASTAT said the results are based on a household survey conducted by the authority.
Huawei profit tops $12bn
The profits more than doubled compared to 2022.Huawei has been at the center of an intense standoff between China and the United States, with Washington warning its equipment could be used for espionage.
Sanctions since 2019 have cut Huawei's access to US-made components and technologies, forcing it to diversify.
Amanat FY 2023 revenue $195m
The company's revenue grew by 40 percent year-on-year.Amanat announced a proposed dividend of US$13 million for FY 2023, with additional interim dividends planned for 2024.
The balance sheet reached US$158 million in cash at year-end, and low leverage provided significant capital for deployment.