Iraq father begins legal action against BP over son’s cancer death
Rumaylah, Iraq - Hussein Julood is taking legal action against British energy giant BP after he lost his son to...Business Health
Apple’s latest iPad signals the company’s AI-powered future
San Francisco, United States - Apple on Tuesday announced a line of new iPad tablets revamped with a powerful AI chip...Business
GCC telecom firms turn to Europe, Asia for expansion
Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home...Lower valuations of international telecom companies are enticing GCC companies to venture into newer markets with a lot of potential for growth
Many experts feel expansion will provide diversification of the portfolio beyond the GCC to mitigate risks associated with economic fluctuations
Resilient supply chains are essential to global trade: Expert
DUBAI, UAE – For over 30 years, globalization has been the evergreen megatrend as global trade has helped lift some...The COVID-19 pandemic highlighted the critical role of resilient supply chains in sustaining economies worldwide to the forefront.
Wars, armed conflicts, overall increasing geopolitical tensions, and protectionism create serious headwinds for global trade.
Avalon sets sights on Tadawul listing
The firm will offer 6 million shares in its Initial Public Offering.The book-building process for Avalon Pharma's IPO will commence on January 14th and conclude on January 18th.
In the event that there is sufficient demand by Individual Investors, the number of shares initially allocated to participating parties will be reduced to 5.4 million shares.
Utilizing AI is only possible if skill gap is bridged, says expert
DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...As the rate of AI adoption increases, humans are essential to guiding the technology’s implementation and usage of these technologies.
Executives estimate that up to 40 percent of their workforce may need to reskill as a result of implementing AI or automation over the next three years.
Rules are fine but educate public about generative AI: Expert
Dubai, UAE -- Regulations alone will not safeguard the public against nefarious uses of Artificial Intelligence, people also need to...Investors, inventors and users of this technology need to take a lead in this task of educating the public, says Victor Riparbelli, CEO Synthesia.
The companies providing AI technology must educate through exposure to positive use cases of AI as quickly as possible, he added.
Ahli Islamic signs agreement with AAOIFI to support Islamic banking
MUSCAT, OMAN - As part of its ongoing efforts to support the Islamic banking industry, ahli Islamic signed a Memorandum...The aim is to collaborate in capacity building within ahli Islamic and foster the growth of the Islamic finance sector in Oman.
The signing ceremony occurred concurrently with the AAOIFI-IsDB 18th Annual Islamic Banking and Finance Conference.
Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders
Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...The Alaska Airlines scare prompted the US Federal Aviation Administration to order immediate inspections of around 171 of the jets operated worldwide.
Boeing has so far delivered about 218 of the 737 MAX planes worldwide, the company said.
Madinah on list of top five regions for e-commerce records
Madinah, Saudi Arabia -- The number of existing electronic-commerce records in Madinah reached 1,834 during the 4th quarter of 2023,...Saudi Arabia's large and tech-literate population has made the country an attractive target for online retailers.
Online buying has been growing in Saudi Arabia in recent years at such speed that it is now estimated to be $970 million.
Shanghai to build 200 smart factories to shore up its manufacturing status
Shanghai, China--Shanghai plans to build 200 new smart factories and 20 demonstration sites by end of 2025 after 70 intelligent...The city as China's largest smart-solutions provider and a core equipment hub sees such innovation as vital for industrial competitiveness
Its vice mayor said that "intelligent manufacturing" plays a key role in new industrialization and is pivotal in the city's digital economic transition
UAE startups eye Saudi Arabia for growth, expansion
With both nations offering substantial markets and supportive environment for innovation, startups are exploring new opportunities in the Kingdom.UAE-based startups are increasingly turning to Saudi Arabia, leveraging the Gulf's largest economy to scale up their operations.
With both nations offer substantial markets and supportive environment for innovation, startups explore new opportunities in the Kingdom.