The food services sectors of Saudi Arabia and the UAE, encompassing restaurants, catering, and cloud kitchens, have registered strong growth over the past several years.
Generative AI is now virtually ubiquitous in global businesses, with 9 in 10 companies (87%, up from 83% in October last year) having already deployed or are piloting the technology, new research from Bain & Company reveals.
Manufacturers are facing a silver tsunami of an ageing workforce across the globe and the challenge of attracting and retaining newer, digital native workers who do not seem to find manufacturing jobs exciting.
The one investment megatrend to watch out for is the rollout of AI, which has the potential to reshape companies and economies and one’s investments.
Firms worth $200-$500 million are the most optimistic about AI, said a study, which serves as a wake-up call for businesses lagging in AI adoption, emphasising the need for a clear AI strategy to stay competitive in the global market.
Saudi Arabia’s aviation sector is set to be one of the fastest growing in the world in the coming years as the country seeks to position itself as both a regional aviation hub and as a major tourism destination, a report said.
Collaboration between the public and private sectors is essential to leverage generative AI technologies in the governance, risk and compliance (GRC) field.
The $3.2-billion Statevolt Emirates project will be the first gigafactory at large scale dedicated to battery production in the UAE, helping to accelerate the country’s positioning as a leader in green transition, says CEO Lars Carlstrom in an interview.
Hartsfield-Jackson Atlanta International Airport in the US has ranked as the world’s busiest airport, followed by Dubai International Airport and Dallas Forth Worth, according to the 2023 data from the Airports Council International (ACI) World.
The construction industry in the Middle East is witnessing a major transformation, thanks to the technological advancements which help enhance safety and efficiency on the building sites and pave the way for improved project execution, said an expert.
