Search Site

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.

UAE among world’s fastest countries in deploying 5G

Adoption of the fifth-generation mobile communications network (5G) has already begun in Saudi Arabia, the UAE, Qatar, Bahrain and Oman.
    • The 5G will accelerate the deployment of tech solutions that enable the establishment of smart cities, including smart transportation, self-driving vehicles and unmanned aircraft

    • It is also paving the way for the utilisation of drones in cargo and mail shipment, and for remote surgery

    Mohammed Ibrahim Al Zarooni

    The United Arab Emirates is among the world’s fastest countries in deploying 5G networks, which has facilitated the implementation of the latest projects across health, transport, education and logistics, the UAE Deputy Director of the Information and Digital Government Sector at the Telecommunications and Digital Government Regulatory Authority (TDRA) Mohammed Ibrahim Al Zarooni said in a statement to the Emirates News Agency (WAM).

    The 5G, he said,  will accelerate the deployment of tech solutions that enable the establishment of smart cities, including smart transportation, self-driving vehicles and unmanned aircraft and also pave the way for the utilisation of drones in cargo and mail shipment, and for remote surgery.

    “AI solutions will be used in analysing big data and developing smart services, which will boost happiness levels in the UAE community,” Al Zarooni said adding that the TDRA is continuing to develop the infrastructure required to utilise the latest AI solutions.

    Talking about the global drivers of future services, Al Zarooni said that there are projections of a strategic shift that will tip the balance of power globally, as AI systems are expected to contribute US$16 trillion to the global GDP in 2030, and renewable energy expected to account for 50 percent of the world’s energy needs.

    “These and other major transformations need to be dealt with proactively and innovatively by utilising cutting-edge tech solutions to leverage and ensure optimal management of the opportunities they create”, he said while highlighting the UAE government’s efforts “towards developing the world’s best integrated and flexible government services ecosystem”.