Food dispatch app Uber Eats launches robot deliveries in Tokyo
Uber Eats' boxy robots have square headlights for eyes and three wheels on each side to navigate kerbs as they...Business
‘Godfather of AI’ quits Google to warn of the tech’s dangers
The scientist warned about the potential spread of misinformation created by AI, telling the media that the average person will...Geoffrey Hinton, who created a foundation technology for AI systems, said that advancements made in the field posed "profound risks to society and humanity"
Hinton said that competition between tech giants was pushing companies to release new AI technologies at dangerous speeds, risking jobs and spreading misinformation
Dubai hosts World Free Zones Organization’s annual AICE event
Dubai, UAE-- The World Free Zones Organisation’s (World FZO) ninth Annual International Conference & Exhibition (AICE) will begun in Dubai...The two-day event will debate challenges facing global trade and the impact of the Covid-19 pandemic on the global economy
Nearly 600 participants specializing in trade, logistics will come from more than 70 countries to take part in the event
Alternatives to Musk-owned Twitter fail to catch on
Bluesky was created by Twitter's co-founder Jack Dorsey and is now the talk of Silicon Valley, leaving those in the...Unknown to the general public, Mastodon saw its popularity explode when Musk took over Twitter, though still way off Twitter's roughly 200 million monthly users
Musk last month briefly blocked links and search responses to Substack, the site that helps writers monetize their work, after the site launched Substack notes
HSBC posts bumper profits
Its pre-tax profits touched US$12.9bn in Q1 of 2023.The bank posted a $9-billion jump in pre-tax profits in the first quarter of 2023, projecting strong earnings for the rest of the year.
Quinn added that HSBC has also announced its "first quarterly dividend since 2019 of $0.10 per share" and a share buy-back of up to $2 billion
SCCA’s revised arbitration rules come into effect in Saudi Arabia
Riyadh, Saudi Arabia-- The Saudi Center for Commercial Arbitration (SCCA) has published the 2023 revised SCCA arbitration rules with effect...With the publication of revised rules, SCCA court will become fully functional and replace the existing SCCA Committee for Administrative Decisions
According to SCCA, the new rules are in line with international standards in the arbitration industry followed by renowned institutions across the world
QOIC reports 38% profit in Q1
The company reported an increase in its EPS to QR 0.014.The company's net profit rose by 37.89 percent to reach QR 4.552 million ($1.253 million)
It also reported a rise in its Earnings Per Share (EPS), which amounted to QR 0.014 ($0.0039)
Saudi Arabia seeks US$26bn of investment in machinery, equipment sectors
Riyadh, Saudi Arabia-- Saudi Arabia is looking to attract some US$26 billion dollars worth of investment in the machinery and...The investment aims to give impetus to the National Industry Strategy that seeks to widen the industrial base, cut imports by up to 50% and push exports
NIDC, according to the minister, has partnered with the Public Investment Fund (PIF) to create a business model for taking advantage of the investment opportunities
Morgan Stanley to cut 3,000 jobs after drop in profit
In the wake of reporting a drop in profit during the first three months of the year, the bank aims...According to media reports, the bank at the end of last year trimmed nearly 2 percent of its staff or some 1,600 positions
Financial institutions have been hit hard by a slump in dealmaking caused by the Fed's fight against inflation and the banking crisis
Over 3.8m passengers transit through Sharjah Airport in Q1 of 2023
SHARJAH, UAE -Â Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01...The aircraft movement in Q1 of 2023 rose by 9.02 per cent, with 23,261 flights compared to 21,336 flights during the same period in 2022.
There have been continued efforts by Sharjah Airport Authority to increase passenger numbers and aircraft movements.
Book industry needs to focus more on sustainability
She was highlighting key industry challenges such as environmental pressures and rising costs, during the opening of the Sharjah International...Prominent booksellers, publishers, and experts from 69 countries participate in Sharjah International Booksellers Conference, which facilitates discussions on industry trends
Sustainability, generative AI, industry transformation remain prime focus of the discussion as Sharjah emphasizes the importance of collaboration and effective communication
