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BUSINESS

BUSINESS latest

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 five Sahel states are Mauritania, Burkina Faso, Chad, Mali and Niger. (Shutterstock)
December 9th, 2018 - 03:43 GMT

Saudi Donates €100 Million to Support Sahel Countries, EU Pledges €2.4 Billion

Property prices in Dubai slid by 7.4 percent from a year earlier in the third quarter, accelerating from a 5.8 percent decline in the previous quarter, the UAE central bank said in a report on Tuesday. (Shutterstock)
December 9th, 2018 - 03:37 GMT

Dubai Stock Market Hits Lowest Mark Since Five Years

The two earth-observation satellites were developed by the King Abdulaziz City for Science and Technology. (SPA)
December 9th, 2018 - 03:32 GMT

Saudi Continues Its Space Expeditions With Two More Satellite Launches From China

General government cultural spending reached 28.3 billion Turkish liras ($7.8 billion) last year, up 26.1 percent on a yearly basis. (Shutterstock)
December 9th, 2018 - 03:28 GMT

Turkey Is Banking on Its Soft Power With 19.4-Percent Rise in Cultural Spending

OPEC said the global economic growth outlook for 2019 is slightly lower than for 2018, and could potentially have ramifications for global oil demand next year. (Shutterstock)
December 9th, 2018 - 03:19 GMT

OPEC, Non-OPEC to Slash Oil Output by 1.2 Million Barrels

The project plans to expand the output of the Bled El-Hadba phosphate mine in the eastern region of Tebessa from 1 million tonnes annually to 10 million tonnes. (Shutterstock)
December 9th, 2018 - 03:14 GMT

Algeria Partners With China to Build $6 Billion Phosphate Plant

In 2018, Egyptian companies invested about $ 876 million in projects in COMESA states. (Shutterstock)
December 9th, 2018 - 03:10 GMT

Report: Egyptian Companies Ranked Most Active in the COMESA With $4.4 Billion Investments

One-year bills worth about $1.15 billion are due to mature on the same day. The average yield on those bills was 3.495 percent. (Shutterstock)
December 9th, 2018 - 03:05 GMT

Egypt Confirms $1 Billion One-Year Dollar T-Bills Auction on Monday

n the handicraft sector, losses are estimated at 3 million 650 thousand dinars, according to a report from the National Tourist Office presented at a meeting of the Regional Tourism Council at the headquarters of the governorate on Friday. (AFP)
December 9th, 2018 - 03:01 GMT

Nabeul Floods Cost Tunisia 13 Million Dinars

The third edition of the France-Arab Countries Forum aims to foster the economic relations between France and all Arab countries. (Shutterstock)
December 9th, 2018 - 02:55 GMT

Tunisia Stresses on Franco-Arab Co-Operation in Industrial Sector

Les Male, CEO of DGCX
December 6th, 2018 - 01:02 GMT

DGCX Wins ‘EMEA Exchange of the Year’ at the Fow Global Investor Awards 2018

Qasr Al Hosn
December 6th, 2018 - 01:01 GMT

Courtyard by Marriott World Trade Center to Mark the Opening of Qasr Al Hosn

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