Gemini’s inaccurate AI racial images warn of tech titans’ power
AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...
Science
Business
Dubai records weeklong real estate transactions worth $1.49 billion
A total of 1,614 transactions were recorded, including 186 plots that were sold for AED 594.72 million and 1,004 apartments...
- Al Hebiah Fifth recorded the most transactions for this week by 105 sales transactions worth AED 262.43 million.
- A total of 80 properties were granted between first-degree relatives worth AED 479 million.
Economy
Chairman, CEO of Expo City Dubai Authority appointed
Vice President and Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler...
- Expo City Dubai Authority seeks to reinforce Dubai's position as a leading destination for global exhibitions
- The Authority will facilitate sharing of knowledge and experiences related to the management and organization of major events
Business
EDB, Valiant Healthcare sign pact
EDB credit facility will extend to both capital investment and expenditures.
- The signing ceremony was attended by Ahmed Mohamed Al Naqbi, CEO of EDB, Faisal Juma Belhoul, Chairman of Valiant, and Ahmed bin Juma Belhoul, CEO of Valiant Healthcare.
- We will introduce our patients to additional highly valued premium inpatient rooms, in addition to a state of the art Cath-lab & EP lab, said Belhoul.
Business
Agthia buys 60% stake in Auf Group
The deal builds on Agthia’s acquisition of BMB Group.
- The deal builds on Agthia’s acquisitions of the GCC’s snacks and food company, BMB Group, and the Al Foah dates
- The Auf Group’s founders will retain a combined stake of 30 percent in the business and continue to lead the company
Business
Bot battle: The tech that could decide Twitter’s Musk lawsuit
The information Twitter has or has not provided on its tally of fake or spam accounts is Musk's stated reason...
- The information Twitter has or has not provided on its tally of fake or spam accounts is Musk's stated reason for backing away from the deal
- Twitter's lawsuit, which urges a court to force Musk to honor his buyout offer, could result in a trial or settlement talks
Business
Amazon to create 4,000 UK jobs
This will make it one of the nation's 10 biggest private sector employers.
- The latest expansion will take Amazon's permanent workforce to 75,000.
- The jobs will also be in corporate and technology functions in software development, product management and engineering.
Economy
RAK non-oil foreign trade sees 14% hike in 2021
Exports accounted for the largest portion of the emirate's total non-oil foreign trade, reaching 57 percent, at AED 9.539 billion.
- Exports accounted for the largest portion of the emirate's total non-oil foreign trade, reaching 57 percent, at AED 9.539 billion
- This is followed by imports, which accounted for 35 percent of the total, amounting to AED 5.97 billion
Business
Airlines’ face fresh turbulence after fragile recovery from Covid
Airlines are recovering from the huge Covid fallout but face fresh turbulence from rocketing inflation.
- Airlines are recovering from the huge Covid fallout but face fresh turbulence from rocketing inflation
- Global airlines suffered cumulative losses of almost $190 billion between 2020 and 2022, according to IATA
Opinion
Integrity of digital infrastructure crucial for companies
For businesses who feel they have no choice but to pay cybercriminals in order to unlock their files, they not...
- Businesses across the globe are losing the battle when it comes to defending themselves against ransomware attacks
- A robust security strategy is therefore one of the key pillars of an overarching digital transformation plan, says an expert
Business
Reforms make Dubai region’s most open realty market
Revised lending norms, focus on sustainability and improved digital services and data availability help the emirate advance in JLL's Global...
- Lending reforms, focus on sustainability and improved digital services and data availability help the emirate advance in JLL's Global Real Estate Transparency Index
- Despite moving up one spot in the global rankings, Abu Dhabi is still classified as having 'Partial Transparency' in its governmental practices, the JLL index points out
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
AD Ports Q2 revenue grows 66%
Business
Ma’aden, BADC ink agreement
Business
Latest News
Renault shares fall as sales disappoint
The company's strategy is to sell fewer cars but at higher prices.
Business
EU launches enquiry on Meta and TikTok over disinformation
The European Union has built a powerful armory to challenge the power of big tech with its landmark Digital Services Act...
Business
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Opinion
Women break barriers for gender equality in finance
This culture should recognize and value the contributions of women and prioritize their growth and development. By highlighting successful women...
- In the financial sector, diverse teams enhance decision-making and performance, yet women occupy just 10% of CEO roles in Fortune 500 companies
- Emirati women constitute 31% of the UAE's finance sector workforce, underscoring the crucial role of mentorship and role models in advancing their careers.
Business
Saudi Metrology Organization, Enterprise Singapore ink MoU on standardization
RIYADH, SAUDI ARABIA – The Saudi Standards, Metrology and Quality Organization (SASO) and Enterprise Singapore signed an MoU here, focusing...
- The pact encompasses cooperation and the exchange of best practices and experiences in metrology, calibration and safety of consumer products.
- The MoU includes provisions for training, capacity building and collaboration in the development of infrastructure for standards and quality.
Business
Turkey’s Atis Yapi opens Dubai office
This is the real estate giant's first office in the UAE.
- This follows signing of agreements and MoUs worth $50.7 billion between UAE President Sheikh Mohammed bin Zayed Al Nahyan and his Turkish counterpart Recep Tayyip Erdoğan in July.
- Atış Yapı said it is set to develop a modern and competitive portfolio of residential and commercial projects in the UAE.