Tech giants sign pact against AI-made political deepfakes
Under the agreement, AI-generated content could be given a watermark or tagged in the metadata at source, although the signatories...Business
Qatar Airways hits out at Airbus as new jet grounded in paint dispute
Qatar Airways has secured an injunction preventing Airbus from cancelling deals for other jets as the two are involved in...The airline has now grounded 22 of its 53 A350 jets since November 2020, and said it will move ahead with legal action.
In retaliation, Airbus has in turn sought to cancel orders made by Qatar Airways for two other A350 jets and 50 A321neo planes.
Dubai International Financial Center launches AI, UAE’s first coding license
Companies holding the license will be able to work within a stimulating environment at the DIFC Innovation Hub.The license is expected to advance the country's Artificial Intelligence Strategy 2031.
The license provides an opportunity to obtain the UAE Golden Visas for employees.
Egypt’s Suez Canal Authority announces hike in passage tolls
Egypt's Suez Canal Authority announced Tuesday additional tolls for transiting vessels including fuel tankers, as oil prices soar in the...Petroleum gas tankers will see a 10 percent hike on passage fees while liquefied natural gas carriers and general cargo ships will incur a seven percent increase.
Ships carrying petroleum products will be hit with a five percent rise under the new tolls, which are effective immediately.
Emirates Steel and Mauritania’s sign MoU
The two companies will form a joint venture company.The two companies will study joint plans to produce iron oxide pellets, the primary feedstock required for Direct Reduction steel plants.
At 1.5 billion tons, Mauritania has the largest iron reserves in the Arab world and Africa.
UAE, Saudi auditors’ association sign agreement to work jointly
The Internal Auditors Associations of the UAE and Saudi Arabia have signed a cooperation agreement to work the internal auditing...The agreement aims to develop a framework for corporate governance to enhance investor confidence.
The agreement defined the frameworks for joint cooperation between them in several areas, most notably the participation in organizing of internal audit conferences.
Region needs tourism to beat inflation
Despite the global closures and economic crisis, the tourism sector in the Gulf region fared well in 2021 due to...Despite global closures and the economic crisis, the tourism business thrived in 2021
The sector is likely to rebound in 2022 after faltering due to lifting travel restrictions
Italy looks to Algeria to cover possible gas shortage
Italy imports around 95 percent of the gas it uses, and around 45 percent of that comes from Russia.Russia last week invaded Ukraine, causing the United States and its allies to impose sanctions on Moscow
The conflict also sparked alarm among countries like Italy, which depend on Russia for their energy needs
Saudi Arabia regulates reporting of capital market violations
This regulation reportedly aims to improve the manner of the reporting of violations of the Capital Market Law and its...The Board of Directors of Saudi Arabia’s Capital Market Authority gave its approval to this regulation
The move is said to be part of the authority’s efforts to better control and develop the local capital market
PCR testing is a business success in the region
A large number of kits of the PCR test has been manufactured and used across the world in general and...The WHO has said the PCR test is one of the most efficient to detect a Covid-19 infection, but also costlier than other methods
The organization describes has said the test needs to be run at a molecular laboratory, which contributes to the higher cost
Tech giants clamp down on Russia state-linked news
Facebook's parent Meta said it would be restricting access in the European Union to RT and Sputnik.Facebook's parent Meta said it would be restricting access in the European Union to RT and Sputnik
Twitter and Facebook have both been hit with access restrictions in Russia since the invasion of Ukraine
