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
Disney streaming service sees subscribers fall again
Disney+ finished the quarter with 146.1 million subscribers, compared with just shy of 158 million in the first three months...Disney shares were up more than 2 percent to $90 in after market trades despite the drop in streaming service subscriber numbers
The unusual quarterly loss for the company was due to charges related to ending licensing agreements and yanking content from its streaming platforms
PIF-owned Saudi tourism company to sponsor Al-Hilal Club
Riyadh, Saudi Arabia -- The Saudi Tourism Investment Company (ASFAR), a Public Investment Fund (PIF) portfolio company, has announced a...Under the terms of the agreement, ASFAR will serve as the official sponsor of the Al-Hilal Saudi Club until the end of the 2025-2026 season
Founded in 1957, Al-Hilal Saudi Club is the most decorated football club in Saudi Arabia and the most successful Asian club
Generative AI brings challenges and opportunities
"New technologies like generative AI bring both opportunities and risks. A holistic AI strategy ensures privacy, security, and compliance, considering...The rise of ChatGPT has ignited immense interest in generative AI, with numerous businesses integrating it enterprise-wide
AI technology is proliferating at an unprecedented pace, surpassing any other technology, writes Gail Coury, SVP and CISO, at F5
Dubai Municipality parks attract more than 15m visitors in H1
Dubai, UAE-- More than 15 million people visited Dubai Municipality public parks, neighborhood parks, lakes, and recreational facilities for the...The record-breaking trend marks a 50 percent increase in the same period of 2022, which recorded approximately 10 million visitors
The spike in the number of visitors to the parks and other recreational facilities is made possible by their location and ease of access
Black Cobra signs MoU with NFFSP to make military footwear in MENA region
Abu Dhabi, UAE--Black Cobra Military Supplies (BCMS) and the National Factory for Safety and Security Products (NFFSP) have signed a...Aided by the Emirates Defence Companies Council (EDCC), the MoU looks to offer a sustainable platform that supports the strategic goals of the two companies
NFFSP's CEO said the agreement will enable the two companies to produce modern, high-quality items "that fulfill the needs of the region's military and security forces"
Saudi Arabia organizes trade mission to Japan to drive non-oil exports
Riyadh, Saudi Arabia--The Saudi Export Development Authority organized a trade mission to Japan under the theme of "Saudi Made" in...The Saudi Export Development Authority's initiative to organize the campaign in Japan is designed to boost non-oil Saudi exports
The kingdom's non-oil exports to Japan totaled $438 billion over the past five years (2018-2022), including $99.20 billion last year
Dana Gas logs $83m net profit
Revenue for the first half decreased 22% to $222 million.Revenue for the first half decreased 22 percent to $222 million compared to $284 million in H1 2022.
The Group’s production in H1 2023 averaged 59,800 boepd, a 2 percent drop as compared to 61,100 boepd in H1 2022
Dubai taxi sector posts 10% growth
The market share of Hala Taxi service vehicles grew 35%The market share of Hala Taxi service vehicles grew 35% in H1 2023 2023, up from 28% in the same period of 2022
Equally, the number of drivers in this sector soared from 19,000 to 26,000 between these respective periods
Aramex profit plunges 53%
Its net profit for H1 of 2023 stood at US$11.70 million.The company's revenue was $762 million in the first half of 2023, a five percent decline year-on-year
International Express business reported $101 million in gross profit for H1 2023, a YoY increase of 1%.
Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise
Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality...Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare
Experts stress the urgent need for regulation and careful consideration of the risks and benefits associated with PMCs in an increasingly complex and conflict-prone world
