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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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Revenues from corporate income tax have seen a remarkable increase in Oman. (Shutterstock)
November 6th, 2016 - 09:00 GMT

Oman gears up for tax system amendments

Saudi's growth of purchasing activity eased to a four-month low in October, but remained faster than that seen for output and new work. (File photo)
November 6th, 2016 - 08:00 GMT

Saudi Arabia: Latest austerity measures impact non-oil private sector growth

While executives are acknowledging the tougher economic climate the region is facing at present there is also optimism that the oil-led slump is presenting its own opportunities. (AFP/Neville Hopwood)
November 6th, 2016 - 07:00 GMT

GCC smart city plans: Dazzling tech and a dose of realism

So far, the UAE has signed 103 agreements on avoidance of double taxation on income. (Shutterstock)
November 6th, 2016 - 06:00 GMT

UAE, Argentina ink deal to avoid double taxation

The government announced in 2014 adopting a strategy to cut fuel subsidies that already eats up 20 percent of the state budget. (File photo)
November 6th, 2016 - 05:11 GMT

Egypt hikes fuel prices up to 47 percent

The central bank said the move aims to regain foreign currency exchange within the banking sector and ending the disturbance in the currency market. (File photo)
November 3rd, 2016 - 02:03 GMT

Egypt floats the pound, hikes interest rates to kickstart the economy

Standard Chartered Saadiq’s current core markets are Malaysia, UAE, Pakistan, Indonesia and Bangladesh. (Wikimedia Commons)
November 3rd, 2016 - 12:00 GMT

Standard Chartered Saadiq eyes Islamic finance market growth in Asia, Africa

The system was introduced after the employee absence rate reached 72 per cent, resulting in 114,000 delayed and unaccomplished tasks. (File photo)
November 3rd, 2016 - 11:00 GMT

Despite chaotic start, Saudi biometric monitoring system improves attendance by 55 percent

Egypt's black market is now seeing uncertainty, forcing traders to temporarily abstain from selling or buying dollars. (Shutterstock)
November 3rd, 2016 - 10:00 GMT

Egyptian pound strengthens against the dollar on black market amid market confusion

There are concerns Iraq will be unable to meet the 2018 target with the country currently paying for an expensive military campaign against Daesh and low oil prices hitting government coffers. (AFP/Pascal Guyot)
November 3rd, 2016 - 09:00 GMT

Kuwait ready to negotiate with Iraq over $4.6B Gulf War compensation

One of the challenges facing the new government is the reduction of the fiscal deficit. (AFP/File)
November 3rd, 2016 - 08:00 GMT

Lebanon's quick formation of national unity government will improve market sentiment: IIF

The Middle East's largest e-commerce site, Souq.com, has also witnessed a huge growth in its mobile commerce segment. (YouTube)
November 3rd, 2016 - 07:00 GMT

Cash is still king for UAE's online shoppers

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