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European Union AI Act
July 28th, 2026 - 11:24 GMT
P. Choiaqo

P. Choiaqo

EU passes law enforcing AI labels on content

ALBAWABA - The European Union passed an act that will come into force on Sunday, mandating companies to label AI generated content to consumers. The act includes deepfakes and all aspects of image generation or alteration using AI, in order to better enable European consumers to tell real and fake content and advertising apart. The labeling will start with chatbots, making it clear to users that they are speaking with ...
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The initiative may encourage investment in purpose-built accommodation for older generations. (Shutterstock)
September 19th, 2018 - 06:57 GMT

UAE Real Estate to Benefit From New Retiree Visa Law

Crude is averaging about $72 a barrel this year, and the International Energy Agency warned last week that prices could rise above $80. (Shutterstock)
September 19th, 2018 - 06:53 GMT

OPEC, Non-OPEC Countries to Finalize Permanent Framework Ahead of US Sanctions

The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year. (Shutterstock)
September 18th, 2018 - 09:59 GMT

Iran-Iraq Trade Grows 30 Percent to More Than $12 Billion

The country's budget revenues totaled 485.7 billion Turkish liras ($109 billion) in the first eight months of this year. (Shutterstock)
September 18th, 2018 - 09:54 GMT

Turkey Hits $11.4 Billion Budget Deficit Between Jan-Aug 2018

Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings. (Shutterstock)
September 18th, 2018 - 09:47 GMT

New UAE Visa Law Might Propel It to Top 10 World Financial Hubs

Duqm airport connects to the port through a double three-lane road in each direction, providing a smooth and easy link between them. (Times of Oman)
September 18th, 2018 - 09:36 GMT

Oman's Future Economic Powerhouse Inaugurates New Duqum Airport

The Kingdom’s revenues from tourism went up by 23.3 per cent, reaching $686.3 million. (Shutterstock)
September 18th, 2018 - 07:52 GMT

Jordan's Tourism Income Hits $3.6 Billion

Official data showed that the number of unemployed persons age 15 years and over rose by around 64,000 on a yearly basis. (Shutterstock)
September 18th, 2018 - 07:49 GMT

Turkey's Unemployment Rate Stable

KSA should be able to provide goods and services for its local market as well as build globally competitive export industries. (Shutterstock)
September 18th, 2018 - 07:42 GMT

Saudi Localization Plans to Introduce Multibillion-Dollar Infrastructure Dividend

The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)
September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

The current 4.5 million bpd would only increase to 5 million bpd over the next decade. (Shutterstock)
September 18th, 2018 - 07:10 GMT

Uncertainty Looms on Iraq Oil Production for the Next Decade

Makkah has a shopping mall supply of 140 sq m per 1,000 persons — significantly lower than other primary cities. (Shutterstock)
September 18th, 2018 - 07:05 GMT

Malls in Makkah to Grow by 200 Percent to Meet Pilgrim Boom Demands

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