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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

AI adoption in GCC surges as governments and the private sector embrace technology

With 93% of Saudi workers considering generative AI essential, alongside 95% in the Middle East and 79% globally, the region's...
  • 68% of Saudi workers use generative AI weekly, compared to 55% globally, while an overwhelming 93% consider it an essential tool at work
  • The New York Times reported that representatives from Saudi Arabia's PIF have discussed potential partnerships with leading Silicon Valley venture capital

AI robots pluck weeds in California fields, make up for shortage of laborers

Los Banos, United States -- Oblivious to the punishing midday heat, a wheeled robot powered by the sun and infused...

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Ads pressured to evolve as AI changes Google search

San Francisco, United States -- As Google races to lead in artificial intelligence, it faces the challenge of making sure...

OpenAI offers to help countries build AI system

OpenAI on Wednesday announced an initiative to help countries build their own artificial intelligence (AI) infrastructures, with the US government...

Experts seek to legitimize AI mental health care

Researchers at Dartmouth College believe artificial intelligence can deliver reliable psychotherapy, distinguishing their work from the unproven and sometimes dubious...

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Meta releases standalone AI app, competing with ChatGPT

San Francisco, United States -- Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday as it...
  • Zuckerberg said the app "is designed to be your personal AI" and would be primarily accessed through voice conversations with the interactions personalized to the individual user.
  • The release comes as OpenAI stands as a leader of straight-to-user AI through its ChatGPT assistant that is regularly updated with new capabilities.

Screens, drones, massages: Shanghai flaunts the future of cars

Shanghai, China -- At the huge Auto Shanghai industry show this week, the chatter was less about powerful engines and...
  • Chinese consumers place more value on interior comfort compared to other markets, according to European carmakers.
  • Visitors at Auto Shanghai queued to sit in luxurious minivans with chrome radiator grilles and reclining rear seats.

Chinese firms extend EV range with petrol generators

The generator, known as a range extender, is connected to the cars' batteries and feeds them only when needed. Since...
  • This technology grew faster in China last year than any other type of powertrain, the system that propels a vehicle forward.
  • More than one million EREVs were sold, representing a total market share of six percent, according to the McKinsey consultancy.