Qatar Airways annual profit $2bn
This was a record 28% jump in annual net profit.Company News Business
Trump says urged Apple to manufacture in US not India
Doha, Qatar - US President Donald Trump said Thursday he urged Apple to manufacture its products in the United States...Business
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
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.
UAE earns first spot in Global Entrepreneurship Monitor 2024 report
Abu Dhabi, UAE-- The United Arab Emirates has been ranked first globally for the third consecutive year in the Global...The report said the UAE was the best place to start and conduct new business ventures, surpassing many advanced economies
The report put Saudi Arabia on the third spot, Qatar at fifth, and Estonia South Korea, Switzerland, and China following them
