Musk says will ‘open source’ Grok chatbot, a rival to ChatGPT
Tech investors are increasingly in split camps on the development of AI and how the technology should advance. Companies such...Business
UAE’s e-commerce sector projected to earn $9bn revenue in 2024
Dubai, UAE - The UAE's online shopping market is gearing up for unprecedented growth, with revenue projections hitting $9 billion...Business
‘Partnerships with technology leaders help in Dubai’s digital transformation’
DUBAI, UAE - First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE Sheikh...Successful partnerships with leading industry players are a key enabler of Dubai’s digital transformation journey.
The initiative seeks to advance Dubai’s strategic objective of becoming one of the world’s top urban economies.
Saudi PIF forms $3 billion company for investments in Iraq: CEO
Muteb Alshathri, acting CEO PIF, told the Saudi-Iraqi Coordination Council in the kingdom that the Saudi-Iraqi Investment Company will invest...Iraq's oil minister told the Council that Aramco will invest and develop the Akkas gas field in Anbar province, which could produce 400 mcfm per day.
The five companies announced last year will invest up to $24 billion in opportunities across various key sectors in each market.
UAE Ministry of Interior, Etihad Rail ink MoU to enhance cooperation
ABU DHABI, UAE - The UAE Ministry of Interior (MOI) and Etihad Rail Company, the developer and operator of the...The agreement builds upon the already strong relationship between the Ministry of Interior and Etihad Rail.
The two parties will for enhancing readiness to confront security risks and threats, improving security and safety measures.
ADNOC L&S IPO: Offer price AED2.01 per share, raises $769m
Abu Dhabi, UAE -- Abu Dhabi National Oil Company (ADNOC) on Wednesday announced that the final offer price for the...This implies a market capitalization of AED 14.9 billion ($4.05 billion) of ADNOC L&S at the time of admission.
ADNOC said the IPO witnessed overwhelming demand from UAE retail investors and professional investors, amounting to $125 billion.
Mega production facility hastens Neom green hydrogen goals
Neom, Saudi Arabia -- Saudi Arabia's futuristic city NEOM says it has outlined a clear path towards the at-scale production...The NEOM Green Hydrogen Company (NGHC) facility being built in Oxagon is set to be the world’s largest commercial-scale green hydrogen production facility in the world.
Once operational in 2026, it will produce 600 tons of green hydrogen per day, which will be available for global export, saving as much as 5 million tons of CO2Â emissions.
Cargo ship grounded for a short while in Egypt’s Suez Canal
ISMAILIA, EGYPT - A cargo ship ran aground on Thursday in Egypt's Suez Canal before it was quickly refloated without interrupting...Hong Kong-flagged Xin Hai Tong 23 bulk carrier was refloated after "a sudden malfunction of the machinery".
The Suez Canal Authority said three tugboats and a marine rescue team were sent to refloat the vessel.
Iran seeks economic integration and multilateralism: Raisi
Tehran, Iran-- Iran seeks economic integration and multilateralism in international relations, according to the Islamic Republic's President Ebrahim Raisi.The president...The president told reporters at the airport in Tehran that Iran's relationship with different countries is based on regionalism and neighborhood policy
The Islamic Republic, according to the president, signed agreements with Indonesia in energy and economic fields, in addition to signing other MoUs
UAE: Total websites registered under .ae reaches 300,000
Abu Dhabi, UAE – The UAE Telecommunications and Digital Government Regulatory Authority (TDRA) announced on Wednesday the registration of more...The steady increase in the number of registrants in.ae reflects the importance of the UAE, as a major economic hub in the Middle East
Examples of international companies that use the .ae domain include, but are not limited to, Amazon and Google
Abu Dhabi Housing Authority to build new homes worth US$1.90bn
Abu Dhabi, UAE--Abu Dhabi Housing Authority has joined hands with Q Holding to build new housing projects in West Baniyas...Nearly 1,500 residential villas will build in the West Baniyas, besides other infrastructure such as gardens, public facilities, services, mosque and commercial buildings
The other housing project in Al Samha will see the construction of 242 residential villas, mosques and retail units and would cost close to US200 million
Data-driven insights become crucial for GCC govts, businesses for making informed decisions: Urbi CEO
Live and constantly updated data ensure precise navigation, right down to the building level, says the chief of leading provider...Live and constantly updated data ensure precise navigation, right down to the building level, says the chief of leading provider of geospatial data and analytical tools in UAE.
Urbi has launched Urbi CityLens, an AI-powered solution designed to transform city management by providing key data for proactive decision-making and preventive actions
