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Report: AI technology integration can contribute $150bn to GCC economies

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
City Of United Kingdom Saudi Arabia United States Vinay Chandran Gulf Cooperation Council

UK-based autoimmune charity holds fundraiser to raise more than $2m for global fund

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
City Of United Kingdom Asal Shirazi Lizzie Cundy United Autoimmune Support Awareness Foundation Foundation Trustee Afshin Mosahebi

US should focus on economic diplomacy in the Middle East

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
Saudi Arabia France General United States Ar Riya Andrew Bacevich Majid Rafizadeh

Sports for All Federation recognized as national governing body for Functional Fitness in Saudi Arabia

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
Ar Riya Saudi Arabia Shaima Saleh Al Husseini Gretchen Kittelberger Saudi Sports For All Federation International Functional Fitness Federation On

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Closing bell: Saudi main index closes flat as trading turnover hits $1.34m

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
Ar Riya Saudi Arabia Ibrahim Mohammad Al Jameel Abdulrazzaq Saudi Enaya Cooperative Insurance Co Electrical Industries Co

UAE In-Focus – Abu Dhabi launches initiatives to boost smart manufacturing in SME sector

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
Ar Riya Saudi Arabia Abu Dhabi Abuz Aby United Arab Emirates Value Chain Development

Gaza Strip's Palestinians polarized by unorthodox watermelon delicacy

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
Gaza City Israel General Gaza Strip Nada Azzam Abdelkarim Al Satari Mohammed Aborjela

Hezbollah accused of deliberately killing peacekeeper

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
Mustafa Hassan Sleiman Fadi Sawan Ali Hassan Sleiman Hussein Hassan Sleiman Ali Hassan Khalifa Mohammad Ayad

Blinken says US considering actions against Sudan leaders

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
United States Saudi Arabia Antony Blinken Mohamed Hamdan Daglo Joe Biden Abdel Fattah Al Burhan

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