Author: Mahdeehassan

Abu Dhabi : Etihad Credit Insurance (ECI), the UAE Federal export credit company, launched its pioneering ‘Xport Xponential’ initiative, a strategic effort designed to support the exports of UAE-based companies and contribute to the sustainability and resilience of the national economy as well as diversify its resources. This major announcement was made during the 3rd edition of ‘Make it in the Emirates Forum 2024.’ His Excellency Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors of Etihad Credit Insurance, said: “The launch of the ‘Xport Xponential’ initiative is a significant step towards boosting the growth of UAE exports…

Dubai, United Arab Emirates: Al Ghurair Foods, the food production and processing division of Al Ghurair, one of the leading diversified UAE family businesses, has announced that its pasta manufacturing facility in Dubai’s Jebel Ali Industrial area has made the strategic shift from diesel oil to compressed natural gas (CNG) to run its production processes, a first within the company’s portfolio. The transition to cleaner fuels signals the company’s commitment to the UAE’s climate ambitions by consistently decarbonising its operations. CNG is a clean-burning alternative fuel that is obtained by compressing natural gas to less than 1% of its volume…

Today, Habib Al Mulla and Partners, proudly announces its newest milestone as the first Arab law firm to establish a presence in Russia with the opening of its office in Moscow. This expansion marks a significant move in the firm’s international outreach, following closely on the heels of its second office launch within six months since Istanbul. Renowned for its expertise in regional and international disputes and arbitration matters across diverse sectors, Habib Al Mulla and Partners has also demonstrated considerable legal success in multiple practice areas. The firm’s strategic move to enter the Russian market underscores its commitment to…

Dubai, United Arab Emirates: Panasonic Marketing Middle East & Africa (PMMAF) today revealed that it is all geared up for another year of exceptional growth and expansion, building on an impressive business performance in 2023.  The company unveiled its action plan for the new fiscal year highlighting targeted investments to expand market presence through strategic partnerships, product diversification, sustainability and genuine customer-centricity. Aligned with its unwavering commitment to innovation and excellence, Panasonic is also moving into its next transformative chapter with key promotions in its senior leadership team, further expanding its capabilities to meet the rapidly growing demand for cutting-edge…

(Abu Dhabi, UAE, 29 May 2024) – A milestone achievement in the fight against misinformation has been reached with the unveiling of an unprecedented instant fact-checking tool. VGLNT, the first real-time AI-powered fact checker that seamlessly integrates with your phone, has launched its operations, reflecting the region’s commitment to addressing the global fight against misinformation. With the rise of social media and AI, misinformation has become a billion-dollar problem, shaping public opinion and making it hard for users to discern what is real, fake, or AI-generated. This groundbreaking AI tool will empower customers to verify and validate what they consume…

Egypt: Mr. Selçuk Meral, Chairman of the Board of Directors of GMT, the company organizing the African Tourism Forum and Exhibition in Sharm El-Sheikh, announced that this event will be held annually in Sharm El-Sheikh due to the immense success of the first edition last May 20 and 21. He expressed his belief that the first session of the forum, held in collaboration with the Rixos Hotels Group, as the first of its kind in Africa, added significant value to the tourism sector, tourism professionals, and investors. It fostered new partnerships and served as an effective platform for business and information exchange. “I was…

Pavel Mochalkin, CEO of Urbi, “As we step into Gitex Africa Morocco, we are showcasing not just our technological expertise but our commitment to fostering sustainable urban environments. Our participation here is a testament to Urbi’s leadership in revolutionizing geospatial technologies that pave the way for smarter, more livable cities across the globe. We are excited to demonstrate how our innovations in Liveability, SmartStreets, and SmartCities are creating tangible impacts in urban management.” Mohammed Al Beloushi, Deputy CEO of Urbi, “Gitex Africa presents a unique platform for Urbi to highlight our advanced solutions in cities and urban management. Urbi’s solutions…

Dubai, United Arab Emirates– Dubai has pledged to train a million people in AI prompt over the next three years after His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council of Dubai and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF) announced ‘One Million AI Prompters’, the world’s first initiative of its kind. AI prompt engineering is critical to getting the best out of generative AI. It involves understanding the capabilities, limitations and nuances of AI models and is predicted to be one of the most important…

ABU DHABI – Core42, a G42 company and full-spectrum AI enablement solutions provider, is excited to announce the availability of its latest Arabic Large Language Model (LLM), JAIS 30B Chat, on Microsoft Azure. Announced by Satya Nadella, Chairman and CEO of Microsoft, at the kick-off of Microsoft Build 2024, this collaboration aims to simplify access to cutting-edge AI, enabling deployment across diverse industries. JAIS available through Microsoft Azure AI’s Model-as-a-Service offering, provides pre-trained model and infrastructure allowing customization to build with Core42’s models to meet diverse needs and specifications. The integration bridges the gap in generative AI accessibility for the world’s…

Over the past year, both the Tadawul (Saudi Arabia’s stock exchange) and global stock markets have defied persistent skepticism. Looking ahead, global trends will continue to impact investment opportunities, but specific changes are poised to significantly boost the Saudi stock market. Here’s why: Global Trends vs. Regional Trends: The increasing dominance of global trends over regional ones is crucial, as noted by seasoned financial analyst Shakeel Ahmed. As global and U.S. stock markets fluctuate, Tadawul follows suit, a correlation Shakeel Ahmed emphasizes. The statistical measure of correlation coefficients reflects stock volatility, a concept he underscores. Over the past 30 years,…