The new machine uses Nvidia’s latest “Blackwell” AI chip and will cost $3,000, the company’s CEO Jensen Huang revealed earlier this week
The agreement focuses on advancing drone-based delivery services in Dubai, with an emphasis on ensuring the highest levels of safety and security in the skies
This landmark deal enhances The Arab Energy Fund’s offerings in energy infrastructure and sustainable water solutions, particularly in the Middle East, Africa, and Asia
The transfer of the shares will be completed upon obtaining the necessary approval from the regulatory authorities
Amid the world-renowned CES Las Vegas kicking off this week, news of a supposed micro nuclear reactor designed to power homes started grabbing attention
With a growing presence in Latin America and a significant presence in the UAE, AIQ’s partnership with Ecopetrol offers the company a unique opportunity to expand its AI-driven solutions to new markets
The initial drawing against the facility will be $1.1bn, leaving $0.9bn capacity available to be drawn until December 31, 2026
The acquisition will be capitalised and funded by internal resources along with committed debt financing
New tax regimes in the GCC nations will unleash a new era of growth and economic resilience for the region
EDGNEX, a unit of DAMAC, will construct new data centres in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana
The growth was primarily driven by the non-oil sector, which saw an increase of 3.9 per cent at constant prices and 1.5 per cent at current prices
The company’s capacity has expanded by 33 per cent, driven by a combination of global expansion projects, including greenfield developments and acquisitions
The country has been using net foreign assets to help prop up its currency since as long ago as September 2021
GenAI can expose the business to many risks, ranging from privacy violations to an array of data-related prejudices that can arise when building and using machine-learning models
The kingdom sold $5bn, $3bn and $4bn in tenors of three, six and 10 years, respectively, and the total order book reached around $37bn
The authority will develop a unified database consolidating data on economic establishments across Abu Dhabi’s mainland and its non-financial free zones
Zand Bank (Zand) has announced a strategic collaboration with Klickl International (Klickl), a Web3 open…
Failure to maintain proper cyber hygiene can lead to compromised sensitive data, operational disruptions, and significant financial losses
PureHealth’s ongoing international expansion through Ardent Health reflects a broader ambition to reshape global healthcare landscapes
The Shariah-compliant financing structure forms part of PIF’s continued objective of diversifying its funding sources
The average price in the Burj Khalifa at the end of 2024 stood at Dhs3,000 per square foot, which is 78.5 per cent above the city-wide average of Dhs1,680
The Global Power City Index ranks the major cities of the world on their comprehensive power to attract people, capital, and enterprises from around the world
ECG2.0-Fund2 anticipates exiting its industrial services platform through an initial public offering (IPO) targeted within two years
Dubai’s automotive market will connect to 77 ports managed by DP World globally and is expected to double the emirate’s current automotive sales from Dhs6.8bn to Dhs13.6bn
The deal will see Mashreq retain a minority stake in NeoPay, a payment solutions provider that offers a range of services, including point-of-sale terminals
The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) rose to 55.4 in December from 54.2 in November, marking a third consecutive monthly increase
The housing projects, offering diverse options for Emirati citizens, align with the Sheikha Hind bint Maktoum Family Programme
The North African country is targeting about $3bn in the remainder of the current fiscal year, which runs until the end of June
Flight EY461, carrying 271 passengers, was accelerating for departure to Abu Dhabi when the flight crew opted to reject take-off owing to a technical issue
Dubai’s strong tourism performance and sustained growth in both visitor numbers and hotel performance indicate the emirate’s resilience and appeal