Business

A session of GCC-Chinese discussions was held on Wednesday in the Saudi capital, Riyadh, which dealt with joint cooperation and regional and international issues.

The General Secretariat stated in a statement that the session was chaired by the Secr…

ABU DHABI: AD Ports Group has awarded Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) contracts worth over AED420 million to supply six ship-to-shore (STS) cranes and 17 hybrid rubber-tyred gantry (RTG) cranes for deployment at its terminal projects …

Dubai: The Dubai AI and Web3 Festival opened today at Madinat Jumeirah, bringing together 6,000 participants from 100 countries. The event aims to highlight Dubai’s leading role in advancing the digital economy and AI applications globally.

The event…

Turkish Ambassador to Kuwait Tuba Nur Sonmez said that the anticipated Free Trade Agreement (FTA) between the Gulf Cooperation Council (GCC) countries and Turkiye would enhance trade cooperation and new investment opportunities for Kuwaiti and Turkis…

Gold prices steadied on Wednesday, as investors keenly awaited the US inflation data for hints on the size of the Federal Reserves potential interest rate cut next week.

Spot gold held its ground at $2,518.22 per ounce, while gold futures rose 0.2% t…

DUBAI: Abdallah Abu-Sheikh, Founder of Astra Tech and CEO of Botim, said that AI is projected to have a transformative impact on the UAE’s economy, contributing up to 14% of its GDP by 2030, which is equivalent to approximately $100 billion (AED367 bi…

NEW DELHI: Emirates Nuclear Energy Corporation (ENEC) and Nuclear Power Corporation of India Limited (NPCIL) have signed an agreement to exchange expertise and enhance potential cooperation in various fields such as supply chain development, human res…

DUBAI: Hyperfusion, a company specialising in high-performance computing and generative AI solutions across the GCC, is committed to fostering a secure and supportive environment for UAE companies to leverage the power of AI through advanced digital i…