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Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

China central bank says all crypto transactions are illegal

The bank has effectively sounded the death knell for digital currencies in China.
  • The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations
  • The rulings have sought to prevent speculation and money laundering

GCC nations eye Hyperloop travel by 2030

It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Gulf Arab...
  • It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Arab Gulf states using clean and renewable energy
  • The Dubai government owned DP World has granted permit to Virgin Hyperloop to develop the technology in the emirate

BitOasis to be registered in GoAML

BitOasis offers over 15 digital assets to trade against the dirham.
  • The Executive Office of Anti-Money Laundering and Counter Terrorism Financing — or AML/CTF — has welcomed the confirmation
  • The registration is expected to help add yet another layer of security for both fintech startups and the national economy

Abu Dhabi to use drones for delivery of vaccines and drugs

DUBAI: Abu Dhabi's department of health (DoH) will be using drones for the transport of high-value medical goods such as...
  • US-based Matternet partners with logistics company Skygo and Department of Health for 'world's first city-wide medical drone network.
  • SkyGo and Matternet have completed the first phase of in-country flight testing.

Investment in agritech key to UAE’s food security

Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries...
  • Over 100 entities use organic farming techniques in the UAE, including advanced farms that utilize modern agricultural technologies.
  • The Abu Dhabi Investment Office is investing at least US$100m in agritech startups as part of their food security strategy.

Scientist makes whitest paint; it might reduce AC bill!

Its inventor said this paint was used to cover a roof area of about 1,000 square feet, it could give...
  • The paint has a reflectivity of 98.1 percent, as compared to most white paints that have a reflectivity of 80-90 percent
  • This means it can reflect heat and light better, which will continue to cool whatever it is coating

Dubai Police to use AI to secure Expo 2020

This would include monitoring visitors for safety from the moment of their arrival to the UAE until they reach the...
  • The Dubai authorities have already taken several other steps to secure Expo 2020
  • This is especially after it has already been delayed by a year due to the Covid-19 pandemic

Cloud adoption picks up pace in GCC region

The strong demand for cloud computing in the Gulf region is driven by efforts of the member states to diversify...
  • The UAE leads the region in terms of cloud computing adoption and annual spending.
  • The MENA region will be worth around $5 billion to cloud suppliers by 2022.

SpaceX sends all-civilian crew into orbit

Unlike previous missions, there will be no experienced or officially trained astronaut onboard. The SpaceX launch is the first of...
  • The Falcon 9 rocket blasted off on Wednesday night from the Kennedy Space Center in Florida.
  • The four space tourists will orbit the Earth for three days in a fully automated Crew Dragon capsule that has been specially designed for this journey.

UN urges ‘moratorium’ on AI systems that threaten rights

UN high commissioner Michelle Bachelet presented a fresh report, which was called for by the UN Human Rights Council and...
  • Bachelet calls for assessment of how AI pose risk to rights to privacy and freedom of movement and of expression.
  • The UN report finds faulty AI tools have led to people being unfairly denied social security benefits and arrest of innocent people due to flawed facial recognition.

UAE signs pact to develop digital infrastructure in Greece  

ABU DHABI, UAE  - The Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic...

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UAE Council review cybersecurity in Jordan summit

Amman, Jordan - The UAE Cyber Security Council discussed cybersecurity in the inaugural Jordan Cyber Security Summit 2023, known as...

New update allows ChatGPT to use internet for fetching data

New York, US - The generative AI platform ChatGPT can now fetch data directly from the internet and gather up-to-date information...

Saudi Arabia launches new TV channel to highlight ‘rapid progress’

Riyadh, Saudi Arabia-- Saudi Broadcasting Authority (SBA) has launched a new TV channel called Saudia Alaan (Saudi Now) to highlight...

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World must understand AI, curb its risk, says UK Deputy PM

NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...
  • UK Deputy PM said that a summit, set for November, will aim to preempt the risks posed by frontier AI and explore how it can be used for public good.
  • One of the concerns highlighted by the Deputy Prime Minister is the unprecedented speed at which AI is evolving having far-reaching implications.

Cisco buys Splunk for US$28bn

Splunk is a software platform that uses AI to identify malware.
  • Cisco will pay a premium of $157 per share, up from the $120 Splunk traded at before the announcement.
  • According to the company's website, Splunk was founded in 2003 and holds over 1,100 patents.

QFMA launches single window e-portal for listing in Qatari financial markets

DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate...
  • The single window provides many advantages for firms, related to securities, public offering, or listing on QSE and in acquisitions or mergers.
  • It will simplify the procedures for companies by limiting their dealings with just one entity instead of interacting with other authorities separately.