Tag: News

Council of Economic and Development Affairs Discusses Several Issues

The Council of Economic and Development Affairs convened via video conference to discuss several agenda items, notably a quarterly presentation from the Ministry of...

Adobe to launch generative AI video creation tool later this year

Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year, the software maker said on...

JCCI Hosts Indian Delegation Meeting with Business Owners and Investors

Jeddah Chamber of Commerce and Industry (JCCI) hosted a meeting yesterday for an Indian delegation that included representatives from major food industry companies. Twenty-five companies...

UAE shoppers spent $3.8 billion on FMCG and tech & durables goods in Q2 2024

UAE consumers demonstrated robust spending habits during the second quarter of 2024, collectively investing a substantial $3.8 billion in fast-moving consumer goods (FMCG), technology,...

Abu Dhabi’s AI sector booms with 41.3% annual surge in new companies

The Abu Dhabi Chamber of Commerce and Industry registered over 400 AI companies in Abu Dhabi by the end of the second quarter of...

DMDF 2024 Concludes with Key Outcomes for Financial Market Growth and Foreign Investment

The Debt Markets and Financial Derivatives (DMDF 2024) Forum concluded today in Riyadh, resulting in several key outcomes aimed at enhancing Saudi financial markets...

UAE’s 3.4% Q1 GDP surge reflects economic resilience

The real gross domestic product of the UAE recorded 3.4 per cent growth year-on-year to Dh430 billion in the first quarter 2024, underlining “the...

Saudi workers use AI more than global peers

In Saudi Arabia, some 68 per cent of workers use generative AI weekly compared to only 55 per cent globally, a recent survey by...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...