60 percent travelers in UAE trust AI to plan their trips: Report
Dubai, UAE -- Nearly 60 percent of travelers in the UAE trust Artificial Intelligence (AI) to plan every aspect of...Business
Jordan sees decrease in number of tourists over Gaza war
Amman, Jordan -- Jordan has seen a decrease in the number of tourists visiting its famed ancient city of Petra...Business Economy
Microsoft to train Philippine women in AI
It will partner with local schools to provide the training.In a statement, Philippine Trade Undersecretary Rafaelita Aldaba said the training could "help to bolster cybersecurity and trust in tech adoption"
Microsoft said it would roll out an AI-powered reading progress tool for around 27 million Philippine students, in partnership with Philippine education department
Xiaomi announces release date for EV
It will be its first foray into the electric vehicle sector.The Beijing-based firm announced in 2021 its planned foray into the electric vehicle sector
The announcement was accompanied by a photo of the new vehicle, first unveiled in December
UAE construction market soars to $94bn in 2023
Abu Dhabi, UAE--The UAE construction market size was $94 billion in 2023 and the market will achieve an AAGR of...According to a report, the growth is attributed to the increase in investments in transport and renewable energy infrastructure
The report added that residential construction captured the highest share of the UAE's construction market last year
Supply chain challenges hit Ramadan retail rush
Logistical adaptations, strategic planning, and forecasting essential for addressing the unique demands of increased consumption during Ramadan, says Aramex's Tarek...Logistical adaptations, strategic planning, and forecasting essential for addressing the unique demands of increased consumption during Ramadan, says Aramex's Tarek Abi Yaghi.
A shift towards late-night deliveries reflects changing consumer preferences, highlighting the crucial role of transparency and integrity in maintaining strong client relations.
Ford to pay US$365m in US tariff fraud case
It will settle a civil suit linked to the disguising of imported vans.Ford, which denies wrongdoing, is accused of using the scheme from 2009 to 2013 to avoid paying higher duties on Transit Connect utility vehicles
The Justice Department alleged that Ford installed "sham rear seats and other temporary features to make the vans appear to be passenger vehicles
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...The multi-billionaire unveiled Grok late last year as he attempts to catch up with OpenAI which he helped create in 2015 along with its CEO Sam Altman
He left OpenAI a few years later and last week filed a shock lawsuit against the company for breaking its original non-profit mission to make AI research available to all
Abu Dhabi launches technology investment company MGX
ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of MGX, a...Mubadala and G42 will serve as foundational partners in the creation of the new company.
MGX will invest to accelerate the development and adoption of AI and advanced technologies.
Jafza reports 28% year-on-year growth in 2023 of new Indian companies
DUBAI, UAE – Jebel Ali Free Zone (Jafza) is a major contributor to the growing trade between India and the...Over 190 new Indian businesses and a total of more than 1,500 Indian companies have set up business in Jafza.
This move aims to assist Indian businesses in accessing markets across the Middle East, Africa, and Europe.
CI Capital 2023 revenue $134m
The firm’s performance was fueled by strong growth.The group’s total on-balance sheet financing portfolio ended the year at US$373 million.
Corplease, the group’s leasing arm, saw its revenue rise 70 percent to reach US$74 million.
Bitcoin hits fresh record above $72,000
Bitcoin hit a fresh record above $72,000 on Monday as demand for the cryptocurrency picks up amid optimism that the...The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price
The rally was helped by news that Britain's Financial Conduct Authority had said it would allow the creation of crypto-related securities
