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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 rial has lost around 15 percent of its value on the open market in the past three days, bottoming at 128,500 to the dollar by Monday evening. (Shutterstock)
September 4th, 2018 - 08:43 GMT

Iranian Rial Deteriorates Against Dollar

Oil Prices to Remain Between $70 - $80 per Barrel. (Shutterstock)
September 4th, 2018 - 08:36 GMT

Oman: Oil Prices to Remain Between $70 - $80 per Barrel

Turkish President Recep Tayyip Erdogan. (AFP)
September 4th, 2018 - 08:10 GMT

Turkey to Ditch the Dollar in Trade With Iran, China

The rate of renewing contracts increased by 21 per cent in 2017 compared with 2016. (Shutterstock)
September 4th, 2018 - 08:02 GMT

Oman Rents Drop Due to Cancelation of Rental Contracts

The unemployment rate during the second quarter of 2018 was 18.7 percent. (Shutterstock)
September 4th, 2018 - 07:56 GMT

Unemployment Rate Increases in Jordan But Decreases Among Women

Officials have warned that anyone who will be caught staying in the country after the expiration of their visa will face legal action including jail sentence, hefty fines and deportation. (Shutterstock)
September 4th, 2018 - 07:48 GMT

Jobseeker Visa Violators to Face Prosecution in UAE

Abu Dhabi Commercial Bank (ADCB) said that merger talks with Union National Bank (UNB) and Al Hilal are at a very preliminary stage.
September 4th, 2018 - 07:41 GMT

Three Major UAE Banks Mulls Merger to Create $113 Billion Bank

The ministry clarified that the statement was issued in response to "baseless and unfounded" media reports. (Shutterstock)
September 4th, 2018 - 07:36 GMT

Saudi Arabia Will Not Impose Fees on Expat Remittance

Egypt’s stock market index gained 4.82 percent this week. (AFP)
September 3rd, 2018 - 09:49 GMT

Egypt's Stock Market Is the Best-Performer in the Region This Week

The growth reflects the significant achievements made by the transformational industries over the past five years. (Shutterstock)
September 3rd, 2018 - 09:21 GMT

UAE Non-Oil GDP Hikes Steadily

Construction was the most active segment of the GCC projects market in 2017. (Shutterstock)
September 3rd, 2018 - 09:16 GMT

Report: 2017 Worst Year for GCC Construction Industry

Fifteen companies are reported to be considering a merger to avoid bankruptcy. (Shutterstock)
September 3rd, 2018 - 08:31 GMT

15 Companies Consider Merger to Avoid Bankruptcy in Kuwait

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