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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 self-made billionaire and chairman of Al Habtoor Group ranks 335 on Forbes World's Richest People list. (Habtoor)
November 22nd, 2016 - 10:30 GMT

Khalaf Al Habtoor calls for pan-GCC economic bloc, common currency independent of dollar

The central bank chief noted that there has been no growth in the restructuring of loans by borrowers. (File photo)
November 22nd, 2016 - 09:30 GMT

Oman's Central Bank eases provisions for restructured loans

King Salman bin Abdulaziz restructured the ministries responsible for handling water and energy policies in May 2016. (Wikimedia Commons)
November 22nd, 2016 - 08:30 GMT

Saudi Arabia moves to modernize water and energy sectors

The IIF added that Lebanon would post the second smallest increase in net capital inflows among emerging markets in 2016. (File photo)
November 22nd, 2016 - 07:30 GMT

Positive net capital inflows to Lebanon expected for 2106

Ministers and officials have said OPEC was moving closer towards dealing with sticking points and most members were prepared to offer Iran flexibility on production volumes. (File photo)
November 22nd, 2016 - 06:43 GMT

Dollar edges lower on OPEC meeting progress

COMCEC convenes annually at the ministerial level in Istanbul under the chairmanship of Turkey’s president "to address the common problems of the Muslim world.” (Twitter)
November 22nd, 2016 - 05:30 GMT

Islamic finance in the spotlight at OIC's COMCEC in Istanbul

Under the new guidelines, citizens of the US, Canada, UK and Ireland holding a five-year multiple re-entry visa to Bahrain will be able to stay longer in the country. (Shutterstock)
November 21st, 2016 - 01:30 GMT

Bahrain unveils new visas to boost tourism

In the GCC, for example, 51 percent of young Arabs said they were not concerned about the environment and climate change. (Shutterstock)
November 21st, 2016 - 12:30 GMT

Arab youth most worried about Daesh, least concerned about the environment

Shares of all three banks were suspended 15 minutes after the market opened, but resumed later after the statements from each bank were issued. (File photo)
November 21st, 2016 - 11:30 GMT

Abu Dhabi stocks drop as ADCB, UNB, ADIB deny merger rumors

Al Nouran's plant should reduce Egypt's reliance of imported sugar by up to 25 per cent from the first production line. (File photo)
November 21st, 2016 - 09:47 GMT

Sweet news for Egypt: Al Nouran to build MENA's largest sugar factory

A survey earlier this year showed that many unemployed Saudis are still put off by the lower salaries and longer working hours in the private sector. (File photo)
November 21st, 2016 - 09:30 GMT

Over 1000 mobile phone shops close, falling foul of Saudization laws

According to the forum, the confidence in the real economy sub-index rose by 2.62 points in August 2016, the highest since the beginning of this year, reaching 105.47 points. (Jordan Times)
November 21st, 2016 - 08:30 GMT

Jordan: Investor confidence rises for the first time in eight months

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