Tuesday 5 March 2024

Aramco launches new AI model, innovative R&D network

Saudi oil giant Aramco today (March 4) unveiled the company’s new large language AI model, aramcoMETABRAIN, and also establishment of an innovative R&D network, the Saudi Accelerated Innovation Lab (SAIL), that aims to advance the digital economy.   


MEP 2024 in Riyadh to see 300 exhibitors from 40 countries

The Middle East Poultry (MEP 2024) Expo, the largest exhibition specialised in the poultry industry, will witness a gathering of 300 exhibitors from 40 countries, displaying a diverse array of cutting-edge products and solutions.   The expo will be held from May


Edge and Spain’s Indra tie up to build advanced radars

Edge Group has formalised a new Joint Venture (JV) agreement with Spain’s Indra Sistemas (Indra), a world-leading information technology and defence systems company, to build next-gen radar systems in the UAE.    Indra has a footprint in over 140 coun


Transguard Group and Zand Bank sign MoU

Business solutions provider Transguard Group has signed a Memorandum of Understanding (MoU) with Zand Bank, the UAE’s first digital bank.    Under this agreement, which is subject to regulatory approval, Transguard Cash is signalling its interest in e


AWS to launch an Infrastructure Region in Saudi Arabia

Amazon Web Services (AWS) has announced it will launch an AWS infrastructure Region in the Kingdom of Saudi Arabia in 2026 and also invest more than $5.3 billion (SR19.88 billion) in the kingdom as part of its long-term commitment.    The new AWS Region wil


Bell wins order for four 429 aircraft from Middle East

Bell Textron, a Textron company, has announced an order for four Bell 429 aircraft for parapublic operations in the Middle East. These aircraft will join the 90 Bell 429s supporting law enforcement, firefighting and parapublic missions globally and add to Bell’s total fleet of ne


Alba signs Associate Centre Partnership Agreement with WEF

Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, has inked an Associate Centre Partnership Agreement under the Advanced Manufacturing Industries Cluster with the World Economic Forum (WEF).    The signing ceremony was led by Al


Dubai Chamber’s ‘In Focus’ event targets Morocco and Senegal

Dubai International Chamber has successfully hosted the latest edition of its ‘In Focus’ initiative to provide Dubai-based companies with a deeper understanding of the trade and investment landscapes in Morocco and Senegal. The session was attended by 95 representatives of private


JCV named Mercedes-Benz Trucks distributor of 2023 in MENA

Juffali Commercial Vehicles (JCV), the sole distributor of Mercedes-Benz trucks and buses in Saudi Arabia, emerged as a leading performer at the Mercedes-Benz Trucks & Buses Elite Class MENA Awards.    JCV secured the coveted title of “Mercedes-Be


S&P sees growth plunge for GCC non-oil sector, rebound for O&G

S&P Global Ratings expects Gulf Cooperation Council (GCC) oil, gas, and chemicals companies' earnings to rebound in 2024 even as the non-oil sector earnings growth take a plunge from 15% last year to 7% in 2024.   “We forecast aver

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