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June 1, 2023
LONDON: Embracing artificial intelligence technology could boost Gulf economies by $150 billion, equivalent to about 9 percent of their combined GDP, according to a recent report by Global consultancy McKinsey. The research indicates that this estimate might be quickly surpassed, given the rapid advancements in technologies like generative AI. Vinay Chandran, partner at
June 1, 2023
LONDON: Celebrities, Premier League footballers, socialites and supporters from across the banking and medical fields attended a gala in the British capital to raise funds as part of a global initiative to tackle autoimmune diseases. The lavish event, which raised a significant amount of funds according to organizers, was held to mark the launch of the UK-based Autoimmune
June 1, 2023
While geopolitical, military and security issues are critical pillars of foreign policy, the Biden administration could also enhance its Middle Eastern policy by putting more emphasis on economic development and relationships with its allies. There has been a considerable amount of criticism of the Biden administration’s Middle East policy by the US Congress. These criticisms
June 1, 2023
RIYADH: The International Functional Fitness Federation on Thursday recognized the Saudi Sports for All Federation as the national governing body for functional fitness in Saudi Arabia. SFA, the main body responsible for developing community sports in the Kingdom, was established in 2018. In line with Vision 2030, Saudi Arabia’s blueprint for economic and social reform, the
June 1, 2023
ABU DHABI: More than $27.23 billion has been redirected to the local economy since the UAE Ministry of Industry and Advanced Technology (MoIAT) and ADNOC launched major in-country value programs to support domestic industries.This press release features multimedia.
June 1, 2023
RIYADH: Saudi Arabia’s Tadawul All Share Index was steady on Thursday, as it edged up 0.82 points, or 0.01 percent, to close at 11,014.95. A day earlier, the benchmark index had shed 125.85 points, primarily driven by a fall in oil prices. While parallel market Nomu gained 134 points to close at 21,415.33, the MSCI Tadawul Index shed 5.73 points to 1,458.68. The total trading
June 1, 2023
RIYADH: The Abu Dhabi Department of Economic Development launched two initiatives that will prepare small and medium enterprises to meet the objectives of the emirate’s industrial strategy, reported the state-run news agency WAM. The department launched the Smart Manufacturing Competence Center, which will act as a catalyst for local and global industry stakeholders to
June 1, 2023
KHUZAA: Locals call it “watermelon salad.” But this delicacy popular in the southern Gaza Strip at this time of year is far from the sweet, refreshing taste the name evokes. “Lasima,” “Ajar,” or “Qursa” are different names for the hot, savory meal that takes hours to prepare. There’s watermelon inside, but one can hardly taste it. In a territory that prides itself on its
June 1, 2023
BEIRUT: Hezbollah members have been accused by a military court of intentionally killing a UNIFIL soldier and injuring others in an ambush of their vehicle in southern Lebanon. Judge Fadi Sawan ruled in a provisional decision after concluding investigations into the incident in Al-Aqabiya on Dec. 14. The soldier, an Irishman, was shot in the head as he tried to drive his
June 1, 2023
OSLO: Secretary of State Antony Blinken warned Thursday that the United States could take action against rival Sudanese leaders after the collapse of a US-brokered truce. The United States is “looking at steps that we can take to make clear our views on any leaders who are moving Sudan in the wrong direction, including by perpetuating the violence and by violating cease-fires