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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Dubai Chamber reviews software development, Artificial Intelligence sector

DUBAI, UAE - Dubai Chamber of Digital Economy highlighted software development and artificial intelligence (AI) industry in its 10th session...
  • Various executives, business leaders and experts of the digital industry discussed at length the challenges and opportunities present in the sector
  • Dubai aims to become a top destination for global digital investment and tech talent and is attracting software development professionals,

Saudi Arabia presides over CSTD session to advance science, technology

Riyadh, Saudi Arabia--Saudi Arabia has presided over the 26th session of the Commission on Science and Technology for Development (CSTD)...
  • The participants deliberated on ways to develop science, technology, innovation for the environment, and development of society
  • The session also took a review of the progress made in implementing the World Summit on the Information Society (WSIS) outcomes

NASA, Boeing set to launch of Starliner space capsule in July

The spacecraft is to launch into space on an Atlas V rocket made by United Launch Alliance from Cape Canaveral in Florida....
  • The CST-100 Starliner mission, which had previously been planned for April, will take place no earlier than July 21, the officials said
  • It will carry two NASA astronauts, Barry Wilmore and Sunita Williams to the ISS, where they are expected to stay for at least eight days

T-Rex skeleton set for auction an ‘art installation’

Palaeontologist Thomas Holtz terms it "misleading" to combine multiple real bones from different individuals to create a single skeleton.
  • The Swiss sale comes only four months after Christie's withdrew another T-Rex skeleton days before it was to go under the hammer after doubts were reported about parts of it.
  • Trinity, which is being sold by an anonymous "private individual", is expected to fetch $6.5-8.7 million when it goes under the hammer in Zurich.

UAE launches National Genome Strategy for healthcare efficiency

Genome programs will also help create new economic opportunities in the UAE by attracting partnerships in fields such as artificial...
  • The strategy will also support doctors in taking proactive steps to reduce the prevalence of certain diseases, enable early intervention.
  • UAE aims to collect one million whole genome sequencing data samples nationwide, said Sara bint Yousef Al Amiri, Secretary-General of the Emirates Genome Council.

Cancer-causing compounds found in everyday food

The 10 nitrosamines -- which are not intentionally added to food but which can form during its preparation and processing...
  • Nitrosamines have been detected in foods including cured meat, processed fish, cocoa, beer and other alcoholic drinks, the EFSA said.
  • The agency advised a balanced diet with a wide variety of foods to reduce consumption of nitrosamines.

Big asteroid to zoom between Earth and Moon

The asteroid, named 2023 DZ2, is estimated to be 40 to 70 metres wide, roughly the size of the Parthenon,...
  • At 19:49 GMT on Saturday the asteroid will come within a third of the distance from Earth to Moon, said Richard Moissl, the head of the ESA's planetary defence office
  • The asteroid will again swing past Earth in 2026, but poses no threat of impact for at least the next 100 years -- which is how far out its trajectory has been calculated

First 3D-printed rocket blasts off but fails to reach orbit

Billed as less costly to produce and fly, the unmanned Terran 1 rocket launched from Cape Canaveral, Florida at 11:25...
  • While it failed to reach orbit, Wednesday's launch proved that the rocket -- whose mass is 85 percent 3D-printed -- could withstand the rigors of lift-off
  • The successful launch came on the third attempt, It had originally been scheduled to launch on March 8 but was postponed at the last minute because of propellant temperature issues

UAE’s Rashid Rover completes lunar orbit insertion

The first Emirati rover to land on the moon is now on its way to completing the third milestone, the...
  • The first Emirati rover to land on the moon is now on its way to completing the third milestone, the Arrival Phase, which will be the most intense part of the mission
  • The ambitious mission aims to study the surface of the moon and is funded by the ICT Fund of the Telecommunications and Digital Government Regulatory Authority

SEWA discusses water desalination technologies for sustainability

SHARJAH, UAE - Sharjah Electricity, Water and Gas Authority (SEWA) participated in a discussion on modern and innovative technologies in...
  • SEWA seeks to increase desalinated water production in Sharjah by establishing a plant in Hamriyah to produce 90 million gallons daily.
  • SEWA also wants to raise the production efficiency of Al Hamriyah plant to a maximum capacity of 20 million gallons of clean water per day.

AI companions present risks for young users, US watchdog warns

New York, United States -- AI companions powered by generative artificial intelligence present real risks and should be banned for...

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Invest Qatar launches azure open AI GPT-powered chatbot ‘Ai.SHA’

DOHA, QATAR - The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered...

Saudi team discovers genetic disorder, names it Alfadhel syndrome

RIYADH, SAUDI ARABIA - A team of Saudi researchers from King Abdullah Children's Specialist Hospital (KACSH) and King Abdullah International...

SpaceX launches secretive US military spacecraft on research mission

The Pentagon has released little information about the space drone and its mission, which was initially scheduled for December 7,...

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Jeff Bezos’ Blue Origin sets new launch attempt for Tuesday

The company finally announced a December 18 launch from its base near Van Horn, Texas. But on the day itself...
  • Jeff Bezos' space company has not launched a rocket since an uncrewed September 2022 crash placed its program on hold while it carried out fixes and awaited regulatory approval
  • Though the rocket will carry a payload of science experiments, not people, mission NS-24 must succeed before Blue Origin can return to taking thrill-seekers to final frontier

The feline frontier: NASA sends cat video from deep space

The video was beamed to Earth using a laser transceiver on the Psyche probe, which is journeying to the main...
  • The 15-second meow-vie featuring an orange tabby named Taters is the first to be streamed from deep space
  • The encoded near-infrared signal was received by the Hale Telescope at Caltech's Palomar Observatory in San Diego County

Native oysters making a return to Belfast after over a century’s absence

BELFAST, UK - Long gone from Belfast's famed harbor where the Titanic was built, oysters are making a comeback thanks to...
  • Until the early 1900s, the Belfast Lough channel was home to large oyster reefs but overfishing, disease and pollution decimated the population.
  • Extensive native oyster beds were abundant in European seas and humans have been harvesting them since the Stone Age.