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US Navy in Hormuz
May 1st, 2026 - 11:22 GMT
Osama Ali

Osama Ali

US Navy turns to AI to detect mines in Hormuz

ALBAWABA - Amid persistent worries about maritime security and interruptions to international trade, the US Navy is increasing its use of artificial intelligence to identify and remove underwater explosives in the Strait of Hormuz. The action comes after Domino Data Lab was recently awarded a roughly $100 million contract to improve the Navy's capacity to detect mines more rapidly through the use of cutting-edge machine learning technologies. Instead of taking ...
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Here's a look at the top 5 things that moved global markets this past week. (Karim Sahib/ AFP)
November 19th, 2017 - 08:00 GMT

From Bitcoin to Dubai Airshow: Top 5 Things that Moved Markets This Past Week

The net foreign assets of the banking sector in Egypt scored about EGP 174.878bn at the end of August, up from EGP 139.658bn at the end of July, according to the Central Bank. (Shutterstock)
November 19th, 2017 - 07:00 GMT

Egypt's Net Foreign Assets Jump 25 Percent in One Month: Central Bank

The move, by Norway's Sovereign Wealth Fund, is believed to help an emerging global campaign to move away from oil and towards renewable energies. (Shutterstock)
November 19th, 2017 - 06:00 GMT

The End of Oil: World’s Largest Fund to Dump Oil Investments, Invest Away From Oil

UAE residents will spend Dh900 billion in the next five years, according to Euromonitor International's forecast. (File photo)
November 19th, 2017 - 05:00 GMT

Spending in UAE to Cross Dh900 Billion Mark by 2022: Report

Gold hits one-month peak as dollar drops on uncertainty surrounding new US tax code. (Shutterstock)
November 19th, 2017 - 02:18 GMT

Gold Prices in UAE Hit Highest in a Month on Weak US Dollar

Kuwaiti traders sitting in the main hall at the Kuwait Stock Exchange (Boursa) headquarters in Kuwait City. (AFP)
November 19th, 2017 - 01:45 GMT

Bad Day: Kuwait Bourse Ends Sunday Trading in Red Zone

Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, today rang the market-opening bell to celebrate the listing of the bond on Nasdaq Dubai. (Courtesy of Emirates NBD)
November 19th, 2017 - 01:22 GMT

Emirates NBD Celebrates Listing of $750 Million Bond on Nasdaq Dubai

The Value Added Tax (VAT) of five percent will also apply to purchasing petrol, according to the Saudi tax authority. (File photo)
November 19th, 2017 - 12:41 GMT

Saudi Arabia Announces 5 Percent VAT on Fuel, From January 1

Qatar plans to develop the port to serve Sudan and its neighbors, Al Jazeera reported. (File photo)
November 16th, 2017 - 02:52 GMT

Qatar to Develop 'Port Sudan', the Largest Port on the Red Sea

Qatar's Emir Sheikh Tamim bin Hamad al-Thani welcomes Turkish President Recep Tayyip Erdogan during an official visit to Doha on November 15, 2017. (Kayhan Ozer/ AFP)
November 16th, 2017 - 01:53 GMT

Breakdown of Qatar-Turkey Agreements Signed This Week in Doha

In new ad, Qatar Airways said it directly supports nearly 123,000 US jobs and flies 3.1 million visitors to the US annually. (File photo)
November 15th, 2017 - 06:00 GMT

Qatar Airways Sends Message to US: 123,000 US Jobs Depend on Us

Work on the drone began in 2000, and four types were produced in different sizes: Saqr 1, 2, 3 and 4. (Jim Watson/ AFP)
November 15th, 2017 - 02:45 GMT

Saudi Arabia Unveils First Combat Drone at Dubai Airshow

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