Hyperloop progress: Racing ahead or falling behind?
Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023...Business
Half of finance firms in UK, US prefer internal data collection
Half of all financial services organizations in the US and UK prefer managing web scraping practices internally, compared to just...50 percent of financial services organisations manage web scraping internally
38 percent, combine internal practices and outsourcing to third parties.
Bear market triggered by panic-selling presents investment opportunities
Fortunes will be made in this current bear market as in-the-know investors use the 20 percent drop as a major...A bear market is the term used to describe the plummeting of financial markets by 20 percent or more from their most recent all-time high.
“Your future self will thank you. The average bear market lasts less than a year and they typically rebound stronger than before," Nigel Green, CEO and founder of deVere Group,
UAE Industry Development Council reviews action plan
Industry Development Council meeting reviews recommendations made at the first meeting, progress in implementing them and discusses the development of...Industry Development Council recommends launching unified platform for industrial data
The council reviews suggestions made at first meeting, reflects on progress in implementing them
UAE-Germany non-oil trade surpasses $130 billion in 10 years
The UAE-Germany non-oil trade exchange exceeded AED 478 billion ($130 billion) from 2012- 2021, according to data from the Federal...The imports accounted for 89.5 percent of the total trade exchanges, while exports 3.5 percent and re-exports accounted for seven percent.
The trade exchanges grew by 12 percent by the end of last year to AED35.3 billion against AED31.5 billion by the end of 2020.
Nana ties up with Google Cloud
The alliance will ensure home delivery in 15 minutes.Powered by Google Cloud, Nana Direct uses the company’s unique artificial intelligence and data warehousing solution to be well informed about business decisions
Google said that by virtue of the collaboration it will be able to bring innovative solutions to e-commerce in the kingdom
Google AI splits opinion on its risks and ambitions
An internal fight over whether Google built technology with human-like consciousness has spilled into the open, exposing the ambitions and...The Silicon Valley giant suspended one of its engineers last week who argued the firm's AI system LaMDA seemed "sentient"
AI remains a delicate topic in and outside the tech world, one that can prompt amazement but also a bit of discomfort
High car sales adds to Iraq’s road misery
Five years ago, Iraqi taxi driver Osama Mohammed would make about six trips a day across Baghdad. Today, traffic is so...Experts point at many reasons for the growing chaos: a post-war mini boom has brought more people and more cars
The research group Future of Iraq estimates that the fuel each vehicle wastes daily by idling in Baghdad traffic jams is equivalent to driving 20 kilometers
UAE to raise 2022 federal budget spending by $334.9m
The UAE will raise its 2022 federal budget spending by an additional Dh1.23 billion ($334.9 million), according to the Federal...The FNC said on Twitter that the increased spending will come from the federal government's general reserves
The UAE's revenue is expected to grow by about Dh374.9 million
BP buys 40% stake in Australian renewable plant, largest on earth
Oil giant BP announced Wednesday it is taking a 40.5 percent stake in an Australian energy project being billed as...The project is expected to generate 26 gigawatts of renewable energy through wind and solar, supplying power across the Pilbara
It will also produce 1.6 million tonnes of green hydrogen each year
GCC eyes unified payment system to strengthen banks
Aiming to strengthen the financial sector and achieve economic unity by 2025, the regional governments are working on an agreement...The Unified Payment System Agreement is part of the GCC's commitment to boost the region's financial markets
The participation of the GCC countries in the unified payment system is optional and also based on their readiness
