Room rates at Dubai hotels continued to fall in August, down 10 per cent from the same time last year. The figures, from STR Global, suggest aggressive price cuts are working. The occupancy rate in the emirate nudged up to 76 per cent, the hotel benchmark and ratings firm said
Sheikh Maktoum meets Bank of America's Bernard Mensah
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has explored opportunities for cooperation in the banking sector during talks with Bernard Mensah, President of International for Bank of America.
Small AI models near self-replication, Anthropic warns
Small AI models may be only months away from being able to copy themselves onto everyday internet-connected devices, such as smart ovens and cheap Android TV boxes, according to research published by Anthropic on Monday.
H.H. Sheikh Hamdan praises progress of Dubai Cashless Strategy
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has praised the progress of the Dubai Cashless Strategy, with cashless transactions now accounting for 90.1 per cent of all transactions in the Emirate.
DIEZ doubles size of Oraseya Capital fund to AED1 billion
The Dubai Integrated Economic Zones Authority (DIEZ) has announced the doubling of the venture capital fund managed by its investment arm, Oraseya Capital, from AED500 million to AED1 billion.
UAE ranked top worldwide in AI integration across key sectors
The United Arab Emirates has ranked first worldwide in Artificial Intelligence integration, with 70.1 per cent of its working-age population using AI.
