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BUSINESS

BUSINESS latest

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 cities have integrated aggressive targets to significantly use less energy, as well as facilitate the development of smart cities. (Shutterstock)
March 25th, 2019 - 09:22 GMT

Dubai, Abu Dhabi Rank Highest in Region for Quality of Living

As per the deal, 600 MW will be offered by the Office of Renewable Energy Projects Development (Repdo) in a public competition. (Shutterstock)
March 25th, 2019 - 09:13 GMT

Saudi Arabia to Float Tenders for Solar Project in Makkah

Share of non-oil sector in country's economy will rise to 80% in next 5 years. (Shutterstock)
March 25th, 2019 - 09:02 GMT

UAE Focuses on Asia to Expand Non-Oil Foreign Trade

Only a third (34 per cent) of institutional investors noted that they are altering European and UK allocations as a result of Brexit. (Shutterstock)
March 25th, 2019 - 08:51 GMT

EMEA Fixed Income Investors Optimistic About Current Economic Expansion

As predicted by pundits, the steady downturn is expected to sustain through 2019 before stabilising in 2020 with recovery expected to start in 2021. (Shutterstock)
March 25th, 2019 - 08:09 GMT

5 Cheapest Areas to Buy Property in Dubai

Turkish lokum, olive oil, figs, hazelnuts may be among products promoted under new brand name. (Shutterstock)
March 25th, 2019 - 07:57 GMT

Turkey to Launch Global Umbrella Brand for High-Quality Exported Goods

For the first time, Abu Dhabi's Hub71 will bring together three key pillars that are essential for the success of Abu Dhabi's technology ecosystem - capital providers, business enablers and strategic partners.  (Shutterstock)
March 25th, 2019 - 07:30 GMT

UAE Launches Dh535 Million Hub for Tech Startups

The acquisition comes ahead of Uber's long-awaited IPO next month, expected to value it at $120 billion. (Shutterstock)
March 25th, 2019 - 07:01 GMT

Uber to Acquire Its MEA Rival Careem for $3.1 Billion

Change can be very unpredictable, especially when it comes to external and uncontrollable factors in the market and the economy. (Shutterstock)
March 24th, 2019 - 06:00 GMT

6 Tips to Help Companies Thrive on Change

Major chunk of this investment is expected to come from the UAE, Saudi Arabia and China. (Shutterstock)
March 24th, 2019 - 05:00 GMT

Pakistan to Revive Its Economy With $50 Billion Foreign Investment

The application for refunds will be submitted to the bureau, which will perform an initial audit and then request the FTA to refund the amount. (Shutterstock)
March 24th, 2019 - 11:50 GMT

Participants at Expo 2020 Dubai Entitled to VAT Refunds

Egyptian officials are trying to instil new life into its textile industry, which contributes almost 3% of GDP. (Shutterstock)
March 24th, 2019 - 11:05 GMT

Will Egypt's Cotton Industry Flourish Again?

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