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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Saudi Arabian Crown Prince launches KAUST’s new strategy

RIYADH, SAUDI ARABIA - Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister and Chairman of KAUST Board...
  • Strategy aims to transform research into economically productive innovations by focusing on national priorities for research, development and innovation.
  • It aims to strengthen KAUST’s partnerships with both the public and private sectors, which will contribute to achieving the objectives of Vision 2030.

Cloud-based tools help optimize customer experience

Customer experience leaders in organizations of any size will see increased satisfaction in self-service, routing, and agent utilization by implementing...
  • Seventy percent of consumers believe a company's effectiveness is determined by its service
  • New tools help automate tasks, provide data and insights, inform decisions, and improve workflow

International Military Forum Army-2023 opens in Moscow

MOSCOW, RUSSIA - The international military-technical forum Army-2023 opens at the Patriot Congress and Exhibition Center here. About 1,500 prominent...
  • About 1,500 prominent Russian companies of the military-industrial complex will present their products.
  • 85 foreign companies and organizations from seven countries will also participate in the forum.

Huawei H1 revenue at US$43.3bn

The firm works to diversify its business operations.
  • The Shenzhen-based company has for several years been at the center of an intense tech standoff between China and the US.
  • Since 2019, sanctions have cut the company off from global supply chains that gave it access to US-made components and technologies.

AI anxiety: workers fret over uncertain future

Legal assistants, programmers, accountants and financial advisors are among those professions feeling threatened by generative AI.
  • Goldman Sachs analysts see generative AI impacting, if not eliminating, some 300 million jobs, according to a study published in March.
  • AI is bringing with it a level of apprehension matched by climate change and the Covid-19 pandemic, a therapist said.

Ooredoo Algeria gets new CEO

Roni Tohme, the Acting CEO, has been confirmed as the CEO.
  • Tohme brings over 21 years of experience in telecoms and finance to his new role, having previously served as Ooredoo Algeria’s Chief Financial Officer.
  • During his tenure as CFO, he played a vital role in shaping an agile and lean finance department, contributing to the company’s business transformation.

UK launches first postal deliveries by drones

Royal Mail said the drone service expected to improve service levels and delivery times to Graemsay and Hoy, where weather...
  • Royal Mail, which is partnering with Skyports Drone Services, said the use of drones would also improve safety by ensuring postal workers can deliver between ports without risks.
  • The world's first drone delivery service was launched in Reykjavik in 2017, with people in the Icelandic capital able to receive goods direct at their doors via an AFV.

UAE newsrooms lagging in adoption of AI: study

Ras Al Khaimah, UAE: While the global news media world is being disrupted by Artificial Intelligence (AI) led by bigtime...
  • Algorithmic journalism refers to the automated gathering, production, and publishing of news based on programmed algorithms
  • Impeding factors included traditional approach to transitioning into new technologies by editors content with beginner-level AI systems

G42, Cerebras unveil world’s largest supercomputer for AI training, deal worth $100m

Sunnyvale, CA: G42, the UAE-based technology group and Cerebras Systems, the company specializing in accelerating generative AI  on Thursday announced...

Broadcom to acquire VMware after EU okays deal

BRUSSELS, BELGIUM- The European Commission approved US chipmaker Broadcom's planned $61 billion takeover of cloud computing firm VMware on Wednesday, conditional...
  • The massive deal had raised concerns about competition, prompting probes by antitrust watchdogs in the European Union and Britain.
  • As a remedy, Broadcom offered interoperability commitments to rival Marvell Technology and any other potential competition.

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...

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Global personal computer shipments decline 14.8 percent in 2023

DUBAI, UAE - Worldwide PC shipments totaled 63.3 million units in the fourth quarter of 2023, a 0.3 percent increase...

EU court’s adviser says $2.6bn fine on Google be upheld

Google suffered a legal blow at the European Court of Justice when the body's adviser recommended that a US$2.6 billion...

Chinese experts decode Apple’s encrypted AirDrop messaging

Beijing, China - Chinese state-backed experts have found a way to identify people who use Apple's encrypted AirDrop messaging service, according...

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EU examines Microsoft large investment in OpenAI

Brussels, Belgium - The EU, racing to regulate the fast-moving world of artificial intelligence, said on Tuesday it has started a...
  • The early-level examination is "checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation," the European Commission said.
  • The move is part of efforts by Brussels to make sure its regulatory oversight can catch up with AI developments and stop major players shutting out competitors.

CES gadget fest a showcase for AI-infused lifestyle

The annual Consumer Electronics Show gathering boasts more than 3,500 exhibitors and is expecting some 130,000 visitors. Companies big and...
  • CES exhibitor and attendee numbers have jumped each year since the Covid-19 pandemic caused it to be an online-only event in 2021
  • While the show is increasingly a showcase for startups, big brands such as Amazon, Google, Intel, Netflix, Samsung, SonY will also be there

Baims acquires Orcas Edtech

The firm plans to incorporate one-to-one tutoring services.
  • Baims specializes in providing online tailored recorded courses for university students in Saudi Arabia, Kuwait, Bahrain, and Jordan.
  • Capitalizing on its market share in Saudi Arabia, Baims is poised to launch a specialized AI-driven test preparation product.