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UAE sets aviation record with over 1 million flights in 2024

Emirates Flight 305 from Shanghai, landing on December 22, marked the historic milestone, according to the General Civil Aviation Authority (GCAA). The UAE achieved an...

Dubai’s Dh2 billion Trump Tower set to rise in Q2-2025

The highly anticipated Trump Tower in Dubai is gearing up for a grand launch, set to cost over Dh2 billion and feature the first-ever...

Google unveils chip that outpaces supercomputers by 10 septillion years

Google has announced a groundbreaking achievement in quantum computing with its new chip, "Willow," capable of solving problems in minutes that would take supercomputers an unimaginable 10 septillion years.

Airbus appoints Eid Al Qahtani to lead new regional headquarters in Saudi Arabia

Since the 1970s, Airbus has continuously expanded its footprint in Saudi Arabia, contributing significantly to the nation's aviation and aerospace sectors. Today, the company...

Gulf stock markets see gains, boosted by rising oil prices despite regional tensions

Gulf stock markets started Tuesday on a positive note, buoyed by a 0.5% rise in oil prices, with Brent crude trading at $72.17 per...

Talabat eyes $1.5 billion in IPO on Dubai Financial Market

Talabat Holdings, a subsidiary of Germany’s Delivery Hero, has announced plans to raise up to $1.5 billion through its initial public offering (IPO) on the Dubai Financial Market.

UAE salaries set for 4% rise in 2025 amid optimistic job market, says Mercer

This annual survey, released by Mercer—a leading global consulting firm and subsidiary of Marsh McLennan—reveals that more than a quarter (28.2%) of UAE organizations...

Long-time CEO of NEOM Nadhmi Al Nasr departs

Following Al Nasr’s departure, NEOM Board of Directors announced the appointment of Eng. Aiman Al-Mudaifer as Acting CEO of the company.

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American chipmaker Intel hits Chinese clients with further limitations to export advanced AI chips

Intel has informed Chinese clients it will now require export licenses for certain advanced AI chips, marking the latest escalation in U.S. restrictions on semiconductor trade with China.

Nvidia faces $5.5 billion blow as U.S. curbs AI exports to China

The announcement sent shockwaves through markets, slashing Nvidia's shares...

94% of enterprises in UAE bet on AI to drive significant expansion, with half expecting rapid ROI, says the latest SAP report

UAE enterprises are increasingly placing artificial intelligence (AI) at...
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