Microsoft beefs-up its AI assistant with voice, vision
San Francisco, United States - Microsoft on Tuesday doubled down on deploying artificial intelligence to consumers, releasing an updated version of...Business
Boeing lifts wage hike to 30%
The 30% general wage hike improves upon the 25% in the earlier offer.Business
Equinor profits tumble
The drop was due to sharply lower gas prices and offshore wind problems.Adjusted earnings, which excludes certain exceptional elements, fell by 67 percent from the same period last year to $8.0 billion.
Revenue came in at $26 billion, a drop of nearly $18 billion from last year. Net profit plunged 73 percent to $2.5 billion.
Robot maker dreams of turning sci-fi into reality
Ryo Yoshida's monster-sized drivable robot is hard to park and the $3-million price tag will crush most wallets.An imposing 14.7 feet high and weighing 7,716 pounds, "Archax" can be moved and operated by a pilot who clambers up to the high-tech cockpit.
When manoeuvered in the vehicle mode, "Archax" is capable of moving at 10 kilometers (six miles) per hour, according to the company.
Saudi Arabia’s economy exceeds US$1trn mark
RIYADH, SAUDI ARABIA – The gross domestic product of the Kingdom exceeded US$1 trillion which displays strong progress towards meeting...This positive outcome is attributed to strong investment from the private and public sectors,
Non-oil revenue growth, ongoing diversification, and economic resilience efforts has also helped.
UAE, Saudi stock exchanges surpass Arab peers with $167bn in gains
Abu Dhabi, UAE -- The financial markets of the United Arab Emirates and Saudi Arabia topped the Arab stock exchanges...UAE achieved market gains of about $32.5 billion: $20.7 billion for the Abu Dhabi Securities Exchange (ADX) and $11.8 billion for the Dubai Financial Market (DFM).
The Saudi Financial Market achieved market gains of about $134.1 billion with a rise in its market capitalization from $2.908 trillion to $3.04 trillion.
Saudi Arabia selected as member of UN’s AI Advisory Body
New York, United States-- United Nations Secretary-General António Guterres Friday announced the selection of Saudi Arabia to the UN Advisory...UN Advisory Body on Artificial Intelligence (AI) consists of 39 members representing government and private and civil-society organizations.
Shura Council member Dr. Latifa bint Mohammad Al-Abdulkareem will represent the Kingdom at the UN AI Advisory Body.
Qatar records real estate sales contracts worth $84m in five days
Doha, Qatar -- Qatar recorded real estate trading volume in sales contracts worth QR 308 million ($84.59 million) for the...Total sales contracts for residential units for the same period was QR 1.09 billion.
Sales were concentrated in AL Rayyan, Doha, Al Wakrah, Al Daayen, Umm Salal, Al Khor and Al Dakhira municipalities.
UDC posts net profit of US$63m
The net profit has been reported for the first nine months of 2023.The company said that the Earnings per Share (EPS) amounted to US$0.01 (QR 0.065) as of September 30, 2023.
UDC is a Qatari public shareholding company and the master developer of The Pearl and Gewan Islands.
QFZ, Samsung C&T ink MoU
The two will collaborate in green, sustainable technologies.Both the parties will work together to achieve sustainability objectives within the free zones in Qatar through energy transition.
QFZ, Samsung C&T will also explore co-investment opportunities in green infrastructure within the free zones.
PIF to reveal complementary auto projects soon, says top official
Riyadh, Saudi Arabia -- The Public Investment Fund will soon announce complementary projects for the automobile industry, mainly batteries, said...PIF is currently focusing on attracting industries related to the automobile system, such as tires, glass, and plastics to Saudi Arabia.
The PIF has established three factories, Ceer, Lucid and Hyundai, finalizing the first phase of its mega project related to attracting the car manufacturing industry.
Air France-KLM posts profit jump
Turnover increased nearly seven percent to 8.7 billion euros.The group reported profit in the third quarter of 931 million euros, double the same period last year, as the group benefited from robust demand for air travel
Between July and September this year the group transported 26.9 million people - an increase of 7.6 percent compared to the same period the previous year
