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...
Saudi Arabia may build a new airport in pursuit of tourism goals
New airport would serve as base for new airline planned by country’s sovereign wealth fund Kingdom’s goal is to attract...
Beirut most expensive city for expats Middle East: Mercer
Cost of living fell in most Gulf cities in 2021; Riyadh most expensive Gulf city Abu Dhabi and Dubai...
Jingle Pay first money service business with Shariah certification
The product has Shariyah Review Bureau certification Customers can opt for a fee-free Islamic account or a conventional one ...
HSBC Saudi Arabia lead manager in ACWA power’s maiden Sukuk issuance
Final pricing lowest ever senior unsecured Sukuk pricing achieved by a corporate or bank issuer since 2017 HSBC Saudi Arabia...
Fertiglobe to join first-of-its-kind blue ammonia project in Ruwais
Final investment decision expected in 2022, and the start-up is targeted for 2025 The TA'ZIZ facility’s capacity will be up...
Arkan Board approves $1.11b deal to acquire Emirates Steel Industries
The deal is valued at AED4.07 billion ($1.11 billion), as it will give Arkan 5.1 billion ordinary shares at a...
UAE retail e-commerce market grew 53% to hit record $3.9 billion in 2020
This was a 53% year-over-year increase, driven by the digital shift accelerated by the Covid-19 pandemic E-commerce accounted for 8%...
Rising application in pharma sector to drive sodium bicarbonate market: FMI study
*China to be one of the dominant markets globally due to the presence of various end-use industries *US accounts for...
Salla and Spotii partner to enable Buy Now, Pay Later service for Saudi consumers
*About 10,000 merchants likely to benefit from the service *Buy Now, Pay Later affords consumers a flexible installment payment option...
Tunisia ‘trailblazer’ in Mediterranean seaweed farming
Red seaweed or algae is used for gelling, thickening and texturing agents FAO aquaculture expert Hamza said seaweed farming presented...
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...
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ACWA to get land for Egypt wind project
The Saudi energy developer will be allocated 3,000 sq km of land.
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Business
Aramco, TotalEnergies achieve plastic-waste oil to polymer conversion
Riyadh, Saudi Arabia -- Aramco, TotalEnergies and SABIC have completed for the first time in the Middle East and North...
- The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery jointly owned by Aramco and TotalEnergies, in Jubail, Saudi Arabia.
- The process allows the use of non-sorted plastics, which can be difficult to recycle mechanically, and consequently contributes to solving the challenge of end-of-life plastics.Â
Business
Dubai posts 44 percent growth in business event bid wins in H1 2023
DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in...
- Dubai Business Events worked with partners and stakeholders to win 143 conferences, congresses, meetings and incentives in H1 2023.
- These events are expected to bring over 94,000 additional visitors to the city, including global experts and leaders in their respective fields.
Business
Jarir Marketing H1 net profit down 4.4%
The company's sales increased by 19.92 percent.
- The gross profit fell by 1.8% due to discounts to promote sales, and due to the change in the sales mix towards the relatively less profitable sections.
- The fall in net profit for H1 was also attributed to an increase in selling and marketing expenses to promote sales.