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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 CBE announced on Monday that its foreign exchange reserves increased to $19.6bn in September, compared to $16.6bn in August. (File photo)
October 5th, 2016 - 08:17 GMT

Egypt Central Bank defies the pundits to fix pound to dollar at auction


Muscat Securities Market has been facing low liquidity with the average daily traded volumes hovering around OMR2 million last month, while the average daily turnover was around OMR4 million since the beginning of the year. (File photo)
October 5th, 2016 - 08:00 GMT

Oman's stock exchange to halve day-brokerage fees

S&P stressed that Lebanese banks have helped the local economy to stay resilient despite the difficult economic and political challenges. (File photo)
October 5th, 2016 - 07:00 GMT

S&P upgrades outlook for three Lebanese banks

The new capital is one of a series of mega-projects announced by President Sisi designed to attract foreign investment and create jobs. (EPA/Khaled Elfiqi)
October 5th, 2016 - 06:17 GMT

Egypt's China-backed, $20B capital 'will be as big as Singapore'

The reported cuts at ADIB follow its acquisition of Barclay’s UAE retail business for $177m in 2014. (File photo)
October 5th, 2016 - 05:38 GMT

Abu Dhabi Islamic Bank sheds more than 200 jobs

Jordan's King Abdullah II receiving the credentials of the newly-appointed Ambassador of the Federal Republic of Germany to Jordan, Ms. Birgitta Maria Siefker-Eberle. (German Jordanian University)
October 5th, 2016 - 04:24 GMT

Jordan receives 'historic' $305.4M aid package from Germany

Economist Fadal Bou Al-Ainain said telecom firms would lose more than SR50 million if the boycott were to continue for more than one month. (Shutterstock)
October 4th, 2016 - 10:57 GMT

Saudi telecoms operators ignore calls for boycott on social media

Australia Post bought a 4.5 per cent stake in Aramex this year. (File photo)
October 4th, 2016 - 09:00 GMT

Aramex enters e-commerce partnership with Australia Post

The rise in exports was mostly attributed to a rise in shipments of condensate – a type of ultra light oil often produced with natural gas.  (File photo)
October 4th, 2016 - 08:00 GMT

Iran oil exports hit benchmark pre-sanctions output levels

The entry visa fee is waived if the visitor is entering Saudi Arabia for the first time to perform pilgrimage or Umrah. (File photo)
October 4th, 2016 - 07:00 GMT

Higher visa fees for Saudi Arabia come into effect

The Abu Dhabi airline currently serves 23 destinations on the African continent through codeshare deals with Kenya Airways, Royal Air Maroc and equity partner Air Seychelles. (Traveller24news.com)
October 4th, 2016 - 06:03 GMT

Etihad Airways inks codeshare deal with South Africa's budget carrier Kulula

Halal food, the largest Islamic economy pillar by revenue, has shown clear signs of maturity with increased private equity investments in the sector. (Shutterstock/Chameleons Eye)
October 4th, 2016 - 05:56 GMT

Food and beverage driving global halal economy

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