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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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A work plan for the first stage of development calls for about 1.2 billion cubic feet of natural gas per day through an investment of between $3.5 billion and $4 billion. (File photo)
December 13th, 2016 - 05:18 GMT

Israel's Leviathan gas deals estimated to reach $2B


The survey shows support for Small and Medium size Enterprises (SMEs) is important for economic diversification. (File photo)
December 12th, 2016 - 01:00 GMT

Tourism, trade, technology are key factors in MENA diversification: Survey

The majority of assembly members won their seats on November 25 by vowing to reject government austerity measures that impact Kuwaiti citizens. (AFP/Amr Ahmad)
December 12th, 2016 - 12:00 GMT

Kuwait: Infrastructure and austerity expected as part of new economic plan

 
Kurdistan Prime Minister Nechirvan Barzani called the deal as a significant step that will help improve the daily lives of the citizens of Erbil and Sulaimani. (File photo)
December 12th, 2016 - 11:00 GMT

UK's Biwater secures $1.2B water infrastructure contract in Kurdistan


The bulk of the cuts—300,000 barrels a day—have been pledged by Russia, which produces more crude oil than any other country. (Shutterstock)
December 12th, 2016 - 10:00 GMT

Oil prices surge after non-OPEC countries join production cut

The talent requirements for finance and tax professionals will exponentially increase as the VAT rollout approaches.  (Shutterstock)
December 12th, 2016 - 09:00 GMT

VAT implementation will generate thousands of finance jobs in the UAE

Egypt devalued the currency by about a third from the former peg of 8.8 against the dollar and allowed it to drift lower. (File photo)
December 12th, 2016 - 08:00 GMT

Egyptian pound needs time to find equilibrium: Sisi

16 per cent of the electricity consumption in Jordan is drawn by the water sector. (File photo)
December 12th, 2016 - 07:00 GMT

Jordan inks $250M World Bank loan for water and energy sectors

The feasibility study is in its fifth week now and apart from looking at route alignment and right-of-way issues, it is also exploring ways to integrate with the existing master plans for 2020 and 2030. (File photo)
December 12th, 2016 - 06:00 GMT

Double the distance: 40 km Hyperloop network projected for Expo 2020

Boeing also received a license to help Iran Air find 29 other Boeing aircraft from leasing companies. (File photo)
December 12th, 2016 - 05:23 GMT

Boeing finally closes $16.6B deal for jets to Iran

The integration process is planned to start immediately and is expected to be completed within the next 12 months. (File photo)
December 11th, 2016 - 01:10 GMT

LNG giant Qatar Petroleum to merge RasGas and Qatargas

Demand could decline if US interest rates move higher and if the Chinese yuan depreciates in a disorderly fashion. (File photo)
December 11th, 2016 - 12:20 GMT

Global oil market to enter deficit in 2017: BoA Merrill Lynch

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