EU gives accent to landmark rules on artificial intelligence
Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...Business Tech & Media
Dubai records weeklong real estate transactions worth $3.13 billion
Dubai, UAE -- Dubai recorded real estate transactions valued at AED 11.5 billion ($3.13 billion) during the week ending 2...Business
DEWA alert service reduce 217,370 tons of carbon emissions
Dubai Electricity and Water Authority (DEWA) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons...DEWA's High-Water Usage Alert service sends instant notifications to customers to quickly conduct necessary maintenance to reduce wastage
These alert services helped identify 1,062,781 water leakage reports, 23,199 defects, and 11,566 cases of increased load
UN ship with grain for Africa sails from Ukraine: ministry
The UN brokered agreement lifted a Russian blockade of Ukraine's ports and established safe corridors through the naval mines laid...It is the first ship chartered by the UN World Food Program (WFP) to leave Ukraine since Russia's invasion began in February
Kyiv and Moscow agreed a deal brokered by the UN and Turkey last month to unblock Black Sea grain deliveries after Russia's invasion
BHP posts 40% jump in profit
The gains were due to high demand for coal and copper.The company recorded US$23.8 billion in underlying attributable profit after a busy year in which it completed a merger with petroleum giant Woodside
BHP chief executive Mike Henry said that the strong results were achieved due to safe and reliable operations, project delivery and capital discipline
Global business travel won’t see full recovery until 2026: report
The Global Business Travel Association now projects business travel will regain its 2019 level of $1.43 trillion in mid-2026, 18...recovery was "short-circuited" in late 2021 and early 2022 by the Omicron variant of Covid-19, but that trips surged after that once Covid cases fell
Major obstacles to a full recovery include high energy prices, labor shortages, Covid lockdowns, regional impacts due to the war in Ukraine and sustainability concerns
Metaverse unrolls new prospects, risks for insurance
Many risks companies face in the real world exist in the metaverse, albeit with a digital twist, requiring insurance players...Many risks companies face in the real world exist in the metaverse, albeit with a digital twist, requiring insurance players to come up with a new set of liability policies
Many metaverse projects feature content creation that may implicate IPR, thereby triggering the same coverages or, potentially, commercial general liability coverage
Agthia 2021 acquisitions worth $630m
The Group is planning a new acquisition in Egypt.Agthia aims to expand geographically in markets such as Egypt and Pakistan, noting its 60 percent acquisition of Abu Auf Group in Egypt.
The group's products are currently available in more than 45 markets in North America, Europe, Asia, North Africa and the Middle East.
‘Jordan committed to combating terror financing’
Governor of the Central Bank of Jordan (CBJ) Adel Sharkas said that terror financing is a threat to national economies,...Governor of the Central Bank of Jordan said that terror financing is a threat to national economies
The CBJ Governor said the Kingdom is committed to combating money laundering and terror financing
Malaysia Airlines to acquire 20 planes
The airline will buy 10 planes and lease the 10 others from Avolon.The plane was worth $296.4 million according to the last published catalogue prices in 2018.
The A330neo will gradually replace 21 older-generation A330neo planes in the Malaysia Airlines fleet.
Jordan’s anti-corruption body launches National Integrity Index
The Jordan Integrity and Anti-Corruption Commission (JIACC) on Monday launched the National Integrity Index (NII), which aims to gauge public...Jordan Integrity and Anti-Corruption Commission launches National Integrity Index to gauge public bodies adherence to anti-corruption standards
The NII aims to support the commission's efforts to combat corruption and foster an anti-corruption public culture
Museum, DEWA partner for sustainable development
The Museum of the Future has signed a strategic partnership agreement with Dubai Electricity and Water Authority (DEWA) to showcase...The Museum of the Future with Dubai Electricity and Water Authority will showcase solutions for sustainability and renewable energy
The agreement between the two organizations aims for constructive research that helps solve today’s ecological challenges
