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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

The DCO Council announces multilateral initiatives to bridge digital divide

Manama, Bahrain - The Digital Cooperation Organization (DCO), a global intergovernmental organization dedicated to fostering digital prosperity for all by...

Cisco identifies major AI trends for 2024

DUBAI, UAE – Developments in Artificial intelligence (AI) have been impacting businesses, governments and economies across the world. Advancements in...

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.

Aramco taps Honeywell for sustainability, productivity

This cooperation builds on a 2017 MoU between Honeywell and Aramco to explore the benefits of Honeywell's Industrial Internet of...
  • The two companies will look to explore the co-development and commercialization of next-generation digital technology solutions
  • The solutions will be designed to help improve productivity, sustainability, and operational excellence of industrial companies

The DCO Council announces multilateral initiatives to bridge digital divide

Manama, Bahrain - The Digital Cooperation Organization (DCO), a global intergovernmental organization dedicated to fostering digital prosperity for all by...

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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...

Several UAE entities sign pact to implement ‘Sharjah Sat-2’

Sharjah, UAE -- A cooperation agreement was signed between the Sharjah Academy of Astronomy, Space Sciences & Technology (SAASST), the...

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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.

Abu Dhabi plans to launch English newspaper as part of media network revamp

Abu Dhabi, UAE - Abu Dhabi Media Network is all set to launch an English edition of its existing Al...
  • The announcement came on the sidelines of the launch of a new media strategy by Abu Dhabi Crown Prince Sheikh Khaled bin Mohammed bin Zayed
  • The strategy also involves the launch of Al Ittihad News Centre, which will operate as a unified media center across various news platforms