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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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The Iran Oil Show 2017 will kick off in capital Tehran on May 6, 2017, with a total number of around 4,000 exhibitors from 37 countries, including the US, Germany, Russia, and China. (AFP/ Eric Piermont)
May 2nd, 2017 - 01:20 GMT

Iran Gears Up For Giant Oil and Gas Show With Exhibitors From US, Russia, China and EU

Flames rise from a pipeline in Egypt that delivers gas to Israel and Jordan after an attack by militants. (AFP/ File)
May 2nd, 2017 - 12:46 GMT

When Egypt Plays With Fire: Israel Asks for $3-Billion Compensation for 2012 Gas Cuts

JadoPado started business in 2011. In 2014, the e-commerce website resorted to diversification and became an online marketplace. The company put its value at $102 million in November 2015. (JadoPado)
May 2nd, 2017 - 11:10 GMT

After Souq.com, Mystery Shopper Snatches Dubai-based Online Marketplace JadoPado

The operator continues to invest in developing new product offerings with total revenues for the quarter standing at BD18.3 million (US$48.5 million). (Facebook)
May 2nd, 2017 - 10:34 GMT

Zain Bahrain's Net Profit Dips 45 Percent in Q1 2017

The number of SMEs in Oman declined by 31.2 percent in the first quarter of 2017, according to a report by the National Centre for Statistics and Information (NCSI). (Flickr/ Luca Nebuloni)
May 2nd, 2017 - 08:13 GMT

Dramatic Drop in Number of SMEs in Oman in 2017: Report

The number of tourists from Saudi Arabia marks an increase of 6 percent year-on-year, and reaffirms Dubai’s position as one of the most popular travel destinations among Saudis. (AFP/ Amer Hilabi)
May 2nd, 2017 - 07:48 GMT

Dubai Welcomes Over 1.6 Million Tourists From Saudi Arabia in 2016

Stabilizing oil prices, large international sovereign debt issuance and lower credit growth are expected to improve funding conditions for banks in the GCC over the next year. (AFP/ File)
May 2nd, 2017 - 07:07 GMT

Funding Pressures on GCC Banks to Ease this Year As Oil Recovers: Moody's

The ArabNet Digital Summit 2017 will be held on May 16-17 and will bring together 80 speakers, 50 exhibitors, 1,200-plus attendees, and 35-plus key talks and sessions. (ArabNet)
May 2nd, 2017 - 06:51 GMT

ArabNet Summit in Dubai Set to Be the Biggest, Boldest Digital Event of 2017

The Singapore-based Changi Airports International (CAI) will operate Jeddah’s new King Abdulaziz International Airport for a period of 20 years. (Twitter)
May 1st, 2017 - 02:39 GMT

Saudi Arabia awards Jeddah airport contract to Singapore’s Changi

First Abu Dhabi Bank, which resulted from the merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank, launched on Monday its new brand identity including a new logo and slogan. (Twitter)
May 1st, 2017 - 01:53 GMT

First Abu Dhabi Bank to 'grow stronger' with new brand, logo and slogan

Egypt has been struggling to boost its foreign currency reserves in the political and economic turmoil following the January 2011 uprising that toppled former president Hosni Mubarak. (AFP/ Khaled Desouki)
May 1st, 2017 - 01:27 GMT

IMF, Egypt review conditions for second installment of $12B loan

Nakheel has a Dh5 billion ($1.4 billion) hospitality expansion plan to bring over 5,800 new hotel rooms and apartments through 18 projects to Dubai. (Nakheel)
May 1st, 2017 - 12:55 GMT

Nakheel, Hilton team up to bring 704 new hotel rooms to Dubai

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