• Tesla to unveil robotaxi in August

    Its shares rose more than three percent in after-market trades.

    Tesla models with Full Self-Driving "will be superhuman to such a degree that it will seem strange in the future that humans drove cars," Elon Musk wrote in his post on X

    Musk has also said that owners of Tesla vehicles with FSD will be able to have their cars serve as robotaxis, rather than remain idly parked

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    Meta to label AI-generated content

    It seeks to reassure users over the risks of deepfakes.

    The company said it will no longer remove manipulated images and audio that don't otherwise break its rules

    The changes come as a response to criticism from the tech giant's oversight board, which reviews Meta's content

  • Dubai receives 3.67 million visitors in first two months of 2024

    Dubai, UAE--Dubai received 3.67 million overnight visitors in January-February 2024, with an increase of over 18 percent year-on-year (YoY), figures...

    The emirate recorded 1.77 million international visitors in January, and 1.9 million in February, according to Dubai Department of Economy and Tourism

    Europe led the list with 773,000 tourists, South Asia came in second with 604,000 visitors, followed by Gulf Cooperation Council countries with 549,000

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    UAE stocks see US$1.7bn inflow, IHC, Emaar lead

    ABU DHABI, UAE- The  UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus...

    The weekly liquidity in the Abu Dhabi market was US$1.2 billion (AED4.57 billion).

    The weekly liquidity in the in the Dubai market was US$517 million (AED1.9 billion).

  • Abu Dhabi’s private sector grows by over  35 percent in 2023

    ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...

    Al Multaqa Meetings empower Abu Dhabi to accelerate economic growth, by providing a platform to support investment.

    Supported by private sector and family-owned businesses, Abu Dhabi’s non-oil sectors is going from strength to strength.

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    CBI, zypl.ai ink partnership

    The pact aligns with CBI’s plan to support innovation in UAE.

    CBI, zypl.ai partnership signifies a strategic entry into using AI implementation for advanced credit scoring.

    CBI plans to further enhance operational efficiencies to ensure a swift and seamless lending experience.

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    Samsung expects 10-fold jump in Q1 profit

    It expects operating profits to jump to US$4.89bn.

    The company expects January-March operating profits to climb 931.3 percent to $4.89 billion

    The South Korean firm is expected to release its final earnings report at the end of this month

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    Electric cars credited with lower CO2 emissions in US neighborhoods

    LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...

    Scientists at the University of California, Berkeley, say a network of sensors has logged a small drop in the volume of carbon dioxide.

    Carbon dioxide is one of the main contributors to global warming, the human-caused phenomenon of rising temperatures.

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    Britain expands investigation into Vodafone-Three UK merger

    London, United Kingdom - Britain's competition regulator deepened Thursday its probe into Vodafone's planned merger of British mobile phone operations with...

    The watchdog had warned last month that the deal could have a "substantial" impact on competition and may lead to higher prices and also reduced quality for consumers.

    The merger, if approved, will vault the combined operations above the country's two largest mobile operators BT EE and Virgin Media O2 in terms of customer numbers.

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    ahli islamic introduces Sharia-compliant Money Market Fund

    MUSCAT, OMAN – As part of its investment solutions and Sharia-compliant products and services, ahli islamic, ahlibank’s Islamic banking window,...

    ahli islamic customers now have the opportunity to invest and gain exposure to attractive local and regional profit rates.

    With its lucrative returns, the new Islamic Money Market Fund is for those seeking Sharia-compliant investments.