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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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Fundraising in the region has dried up this year after the drop in oil prices affected demand for new public offerings. (File photo)
September 7th, 2016 - 06:00 GMT

IMG Worlds of Adventure owners consider financing options as cheap oil bites

Medina Airport, also known as Prince Mohammad bin Abdulaziz International Airport. (File photo)
September 7th, 2016 - 05:04 GMT

Turkey's TAV in talks to purchase Saudi Oger shares in Medina airport operator

QAIA can now accommodate large aircraft, including the world’s largest airplane, the double-decker Airbus A380, that is scheduled to land in the airport this month. (File photo)
September 6th, 2016 - 12:00 GMT

Jordan's Queen Alia International Airport completes phase two of expansion

IPP projects are usually more cost effective than government power plants.  (File photo)
September 6th, 2016 - 10:00 GMT

Private sector to help power up energy needs to ease GCC governments' burden

Medicines for heat-related ailments are not covered under insurance, which makes the workers reluctant to pay from their pocket and this eventually worsens their condition. (File photo)
September 6th, 2016 - 09:00 GMT

Oman's trade unions urge change in breaks policy after increase in heat-related illnesses

More than 200,000 square metres of country pavilions will also be reused as collaborative work spaces to house companies and other institutions. (File photo)
September 6th, 2016 - 08:00 GMT

No white elephants: Dubai Expo 2020 site will become 'business ecosystem'

Egyptian Media Company will be registered on the stock market as a holding company by 2017 and raise up to 1 billion Egyptian pounds in 2018 after the IPO.  (File photo)
September 6th, 2016 - 07:00 GMT

Egyptian Media Company plans $113M IPO

The report also showed a drop in the amount of new work received from abroad, the 13th in as many months. (File photo)
September 6th, 2016 - 06:24 GMT

Lebanon's private sector records drop in output, new orders: BLOM

Gardenia Plaza Resort in Sharm El Sheikh, a timeshare property once a popular with European tourists. (Capstone Travel)
September 6th, 2016 - 05:44 GMT

Egypt: Steep decline in tourism prompts rethink of timeshare system

Saudi Deputy Crown Prince Muhammad bin Salman at the G20 Summit in Hangzhou. (AFP/Nicolas Asfouri)
September 6th, 2016 - 05:13 GMT

Saudi, Russian statement lifts oil prices despite lacking specifics of action plan

A broader consensus around the need to standardize legal structures and Sharia interpretation could help the industry to progress, according to S&P. (File photo)
September 5th, 2016 - 12:55 GMT

Islamic finance: Cheap oil, lack of industry standardization will impact growth

The Grand Ethiopian Renaissance Dam is now 70 percent complete. (File photo)
September 5th, 2016 - 12:34 GMT

Another day, another delay: September's Grand Renaissance Dam meeting postponed

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