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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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Saudi Arabia offered its first Riyal-denominated Sukuk to investors on Sunday this week. (File photo)
July 25th, 2017 - 09:38 GMT

Saudi Arabia Gets Bids of $13.6 Billion for $4.5 Billion Domestic Sukuk: SPA

Oman recorded a deficit of 21 percent of its GDP in 2016 as the oil price plunged to its lowest level in years. (File photo)
July 25th, 2017 - 09:25 GMT

Oman Slashes Subsidy Bill by 20 Percent, Eyes Further Cuts

Newly-appointed Noon CEO, Faraz Khalid.
July 25th, 2017 - 08:45 GMT

Noon Appoints Namshi Co-Founder Faraz Khalid as CEO

The government policy announced earlier this year for import restrictions is bearing its fruits. (Facebook/ R. Boudraa)
July 25th, 2017 - 08:39 GMT

Algeria Announces 54 Percent Drop in Trade Deficit in H1 2017

By limiting jobs in grocery stores to Saudis, the country expects to generate more than 20,000 job opportunities for citizens. (AFP/ File)
July 25th, 2017 - 08:28 GMT

First Malls, Now Supermarkets: Saudi Arabia Bans Foreigners From Grocery Store Jobs

The recent decline in oil prices could weigh further on the outlook for the region's oil exporters. (File photo)
July 25th, 2017 - 08:12 GMT

Middle East Growth Dips in 2017 on Lower Oil Prices: IMF

WebMD has been looking for a buyer since February. (Web)
July 25th, 2017 - 07:56 GMT

WebMD Sold to Private Equity Firm in $2.8 Billion Deal

Local banks in Egypt are vying to win the super-rich with accounts serving their 'very specific' needs. (Shutterstock)
July 25th, 2017 - 03:29 GMT

Champagne and VIP Lounges: Banque Misr Launches Account for the Super-Rich

Flynas revives Beirut flights with low fares starting from SR299 ($80) one way all inclusive. (Fayez Nureldine/ AFP)
July 25th, 2017 - 01:41 GMT

Flynas Returns to Beirut With Flights From Riyadh, Starting November 1

Etihad is one of ten companies submitting non-binding offers for ailing Alitalia. (File photo)
July 24th, 2017 - 11:05 GMT

Etihad Makes Non-Binding Offer for Alitalia, for Total or Partial Takeover

Kuwait’s oil minister Essam Al-Marzouq says deeper cuts are a possibility for OPEC and non-OPEC countries. (Yasser Al Zayyat/ AFP)
July 24th, 2017 - 10:24 GMT

What to Expect From Today's OPEC, Non-OPEC Meeting?

The timing of Ramadan and Eid falling in the second quarter this year have had an impact in the drop in advertised jobs. (File photo)
July 23rd, 2017 - 12:20 GMT

UAE Sees 38 Percent Less Jobs Advertised in Second Quarter of 2017

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