JPMorgan to launch ‘Pay With Your Face’ Shopping
JPMorgan Chase is reportedly preparing to launch a biometric payments system for the masses, the Daily Hodl reported quoting the American...Business
Saudi Arabia partners with Microsoft Arabia for AI use in media
Riyadh, Saudi Arabia - The Ministry of Media and Microsoft Arabia signed a memorandum of understanding (MoU) in Riyadh on...Business
IMF chief at Davos: AI holds risks, opportunity for global economy
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity..."We must focus on helping low-income countries in particular to move faster to be able to catch the opportunities that artificial intelligence will present," Georgieva told AFP.
Georgieva said 2024 is likely to be "a very tough year" for fiscal policy worldwide, as countries look to tackle debt burdens accumulated during the Covid-19 pandemic.
Ummahat Island unveils world’s first net-zero 5G network towers
Tabuk, Saudi Arabia -- Red Sea Global (RSG), Zain KSA, and the French Serge Ferrari Group have developed and installed...In addition to being 100% solar powered, these towers are designed in a way that allows air circulation to reduce cooling costs, and do not require high maintenance.
They are also aimed at preserving biodiversity and enabling tower sharing among all licensed telecom operators in KSA.
Mammoet, Aertssen sign agreement
The two firms will provide heavy-lifting solutions in Qatar.Mammoet said in a statement that the collaboration will "capitalize on the individual strengths and capabilities of both companies".
The solutions range from small mobile cranes for quick operations to complex engineered heavy lifting and transport projects.
Saudi Arabia, China ink MoU in accounting and auditing
RIYADH, SAUDI ARABIA – The Kingdom and the People’s Republic of China signed on Monday in Beijing a memorandum of...The MoU is similar to other agreements that GCA has reached with counterpart organizations in different countries.
These agreements underscore GCA's elevated professional standing, at both regional and international levels.
China Construction Bank lists $600m green bond in Nasdaq Dubai
DUBAI, UAE - Nasdaq Dubai has welcomed the listing of a US$600 million green bond by China Construction Bank (DIFC...The total value of bonds listed on Nasdaq Dubai by CCB, comprising the issuances by Hong Kong and Dubai branches, stands at $2.45 billion.
The cumulative value of outstanding debt from Chinese issuers on Nasdaq Dubai stands at US$11.95 billion through 22 issuances.
Qatar Chamber and CzechTrade look to boost trade cooperation
Doha, Qatar--Qatar and Czech Republic are looking to ramp up trade and investment cooperation between the two countries. In this...The two sides looked at ways to bolster cooperation between Qatari companies and their counterparts from Czech Republic
The trade volume between the two countries reached $183m in 2022, reflecting a 10% increase compared to the previous year
DEWA unveils new distribution substations
It commissioned 1,414 substations of 11kv in Dubai.The CEO of DEWA said the construction of the substations and related tasks resulted in a total of 996,648 man-hours
He said DEWA is planning to boost the transmission and distribution networks based on electricity demand forecast until 2030
GCC’s cybersecurity dynamics: The two sides of AI
In the GCC's evolving cybersecurity realm, AI integration is crucial, driving economic growth and transforming defense strategies against complex cyber...In the GCC's evolving cybersecurity realm, AI integration is crucial, driving economic growth and transforming defense strategies against complex cyber threats.
The region's AI strategy in cybersecurity strikes a balance between innovative growth and managing ethical dilemmas, ensuring powerful yet responsible use.
Five killed in clashes near Lebanon border
JERUSALEM -Â Three fighters who crossed into Israel from Lebanon and two Israelis were killed in clashes and a strike...The Israel-Lebanon border has seen near-daily exchanges of fire between Iran-backed Hizbollah group and Israeli forces.
Hizbollah leader Hassan Nasrallah, in a televised speech said the Israelis had "failed" to achieve any of its goals in Gaza.
PureHealth buys Circle Health
The deal signifies PureHealth’s operational capabilities.The completion of this transaction further strengthens PureHealth’s commitment to becoming a leading global player in healthcare.
The company’s expansion into the UK healthcare market reflects its focus on advancing the science of longevity and unlocking time for humanity.