Amazon unveils new AI chip in battle against Nvidia
San Francisco, United States -- Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push...
Business
Four European nations urge Israel to end West Bank ‘settler violence’
"We -- France, Germany, Italy, the United Kingdom -- strongly condemn the massive increase of settler violence against Palestinian civilians...
Geostrategy
Jordan king, Sisi and Abbas call to ‘maintain pressure’ for Gaza ceasefire
A royal palace statement issued after the meeting said the three leaders had "reiterated the need to maintain pressure to...
- The trio "warned against attempts to re-occupy parts of Gaza or establish 'safe zones' in the strip, stressing the need to enable Gazans to return to their homes"
- They "reaffirmed their rejection of any Israeli plans to displace Palestinians in the West Bank and Gaza, urging international denouncement and rejection of these plans"
Economy
Saudi PIF Governor: Global demand for metals to rise sixfold by 2040
Riyadh, Saudi Arabia - Public Investment Fund (PIF) Governor Yasir Al-Rumayyan on Wednesday said that the Kingdom’s mineral wealth currently...
- Al-Rumayyan said the Ma’aden mining company owned by the PIF has expanded its exploration activities for gold, zinc, lithium, and other metals
- He revealed that the Kingdom’s mineral wealth currently stands at US$1.3 trillion, with a target to increase it to $1.5 trillion
Business
Emerging crypto hub UAE shapes digital assets’ future
"As 2024 unfolds, we anticipate that both private and public enterprises will increase their investments in the infrastructure and services...
- Bitcoin marked a 134 percent increase in the year 2023, signifying a resurgent crypto market.
- The UAE thawed the crypto winter, with institutional investments driving cryptocurrency deals.
China says foreign consulting agency head spied for Britain
China, which has a broad definition of state secrets, has publicized several other alleged spying cases in recent months. In...
- China and Britain have traded barbs in recent months over allegations of perceived espionage and its resulting impact on national security
- Britain's government has warned that Chinese spies are increasingly targeting officials, allegations that Beijing has denied
Business
Utilizing AI is only possible if skill gap is bridged, says expert
DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
- As the rate of AI adoption increases, humans are essential to guiding the technology’s implementation and usage of these technologies.
- Executives estimate that up to 40 percent of their workforce may need to reskill as a result of implementing AI or automation over the next three years.
Geostrategy
Child among 8 killed in Syria clashes: monitor
The fighting pitted the army of Syrian President Bashar al-Assad against Hayat Tahrir al-Sham (HTS), a group led by Al-Qaeda's...
- War monitor said an elderly man, a woman and her young daughter were killed
- Syrian army retaliated by bombing residential areas of Darat Izza town in Aleppo
Geostrategy
Algerian ex-defence minister accused of torture dies
Nezzar was the commander of Algeria's ground forces and administrated the "state of siege" during the bloody October 1988 riots...
- Nezzar was defence minister during the military's 1992 overthrow of democratic politics and the early years of the decade-long civil war triggered by that decision
- In August he was indicted by the Swiss attorney general's office for crimes against humanity including coordinating torture and efforts to "exterminate" the Islamist opposition
Geostrategy
120 kilos of cocaine wash up on Australian beaches over Christmas
Sydney, Australia-- Australian police said Wednesday they were scouring beaches after mysterious packages believed to contain more than 120 kilograms (260...
- A first batch of 39 barnacle-encrusted, one-kilogram bricks of suspected cocaine was discovered on Friday near Magenta Beach, north of Sydney
- Since then, another 85 packages of the same size had been spotted along about 80 kilometers (50 miles) of the New South Wales coastline, state police said
Opinion
Acute hunger, healthcare collapse worsen Gaza crisis
The situation in Gaza is a humanitarian catastrophe, with hospitals like Al-Shifa and Al-Sahaba facing dire shortages of medical supplies...
- Once Gaza's largest hospital, Al-Shifa is now confined to providing only basic first aid, severely limited by ongoing hostilities.
- In Gaza, extreme hunger drives people to desperate measures, risking their safety in a relentless search for food to survive.
Ukraine says it shot down three Russian Su-34 fighters
Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted...
- In his nightly address on Friday, President Volodymyr Zelensky thanked the soldiers who shot down the Russian fighters in the Kherson region
- The Kremlin has not commented on the Ukrainian claims but Russian war blogger Fighterbomber said there had been losses, likely due to the Patriot missile air-defence system
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Amazon unveils new AI chip in battle against Nvidia
San Francisco, United States -- Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push...
Business
Company News
Latest News
As AI gets real, slow and steady wins the race
Companies explore AI for coding, healthcare, law, and design—yet challenges like regulation, accuracy, and cost impede widespread adoption.
Geostrategy
Saudi Arabia’s non-oil exports surge by nearly 23% in Sept 2024
Riyadh, Saudi Arabia -- Saudi Arabia's non-oil exports surged by 22.8 percent in September, according to a report by the...
Business
Most Read
Geostrategy
Wealthy nations offer $250bn on climate but pressed for more
At the COP29 talks in Azerbaijan, developing nations are demanding a bigger commitment from historic polluters most responsible for warming,...
- The text also sets an ambitious overall target to raise at least $1.3 trillion per year by 2035 from not only developed countries but the private sector.
- But a red line for many climate-imperiled nations at COP29 had been securing a new commitment from developed nations well above their existing pledge of $100 billion a year.
Business
BP announces $7bn gas project
The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.
- BP said in a statement the "major investment" highlights its "strong confidence in Indonesia's investment climate".
- The project involves the development of a new gas field, Ubadari, as well as enhanced gas recovery through carbon capture, ut and storage (CCUS) and onshore compression.
Geostrategy
ICC issues arrest warrants for Netanyahu, Gallant, Deif
The court said it had found "reasonable grounds" to believe Netanyahu and Gallant bore "criminal responsibility" for war crimes
- The ICC's move now theoretically limits the movement of Netanyahu
- A warrant had also been issued for Deif