ADNOC Drilling Company PJSC (ADNOC Drilling) and Alpha Dhabi Holding PJSC (Alpha Dhabi) have agreed to establish a strategic investment joint venture (JV) to invest up to AED 5.5 billion ($1.5 billion) to acquire technology-enabled companies in the oilfield services (OFS) and energy sectors.
Month: November 2023
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Core42 sets new benchmark for Arabic large language models with release of Jais 30B
Core42, a G42 company and the UAE-based national-scale enabler for cloud and generative AI, announced the launch of Jais 30B, the newest and most proficient version of its open-source Arabic Large Language Model (LLM).
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Abu Dhabi Chamber announced as Supporting Partner to Aurora50 Inclusion Summit 2023
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has announced its participation in the Aurora50 Inclusion Summit 2023, the region's largest and most influential event on diversity, equity, and inclusion (DEI).
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Sharjah Agricultural and Livestock Production adopts best practices in implementing Dairy Farm Project
The Sharjah Agricultural and Livestock Production EST, which is affiliated with the Department Of Agriculture And Livestock in Sharjah (SDAL), has announced its contract with the German company, (GEA), to provide advanced global machinery and equipment for use in dairy extraction as part of the “Dairy Project”.
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UAE AI company Presight clears Dh1b in nine-month revenues; stock is up 80% year-to-date
Dubai: The UAE’s two listed tech companies, Bayanat and Presight, have turned in their nine-month 2023 financials, showing that the AI wave can be monetized to good effect. Both companies are part of the Abu Dhabi headquartered tech-focussed conglomerate G42.
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Ahmed Al Sayegh meets Prime Minister of Armenia
Ahmed bin Ali Al Sayegh, Minister of State, met with Nikol Pashinyan, Prime Minister of the Republic of Armenia, during an official visit to the country.
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Expo Centre Sharjah promotes economic, cultural, tourism events at WTM
Expo Centre Sharjah (ECS) is participating in the 43rd edition of the World Travel Market, which is being held in London.
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New Khalifa Fund initiative to provide up to $545,000 for Emirati entrepreneurs
The Khalifa Fund for Enterprise Development has unveiled a new programme that will provide up to Dh2 million ($545,000) in funding to support Emirati entrepreneurs as part of efforts to promote long-term economic stability and job creation in Abu Dhabi, its chief executive said.
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UAE satellite firm Yahsat gets liftoff after bumper Q3-2023 performance
Significant help to the revenue flow was provided by the mobility solutions arm, through ‘Thuraya which recorded revenue growth of 22 per cent in these nine months. And in the July to September period, gaining 81 per cent year-on–year.
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Emirates Flight Training Academy expands pilot training programme
Dubai: Emirates’ pilot training programme under the Emirates Flight Training Academy is expanding, a press release from the airline said on Tuesday. The academy announced a fleet expansion with the integration of three brand-new Diamond aircraft into its training programme.