- Non-oil growth outturn so far for 2024 is encouraging with 4% in UAE, 3.7% in KSA, 3.8% in Oman and Kuwait returning to growth at 4.7%
- Outlook for further non-oil growth remains positive for 2025 as US interest rates fall enabling GCC states to also lower rates
- OPEC+ agrees to extend cooperation and push back planned tapering amid softer demand forecasts as oil falls towards the $70 mark increasing fiscal uncertainty
- Funding support from the UAE and third parties including IMF, World Bank and the European Union, has enabled a strong recovery in Egypt.
- GCC well positioned to capitalise on the AI revolution amid local innovation and international investment
Daily Archives: September 18, 2024
Uber Runs on Oracle Cloud Infrastructure
OCI helps power more than one million trips every hour and 14 million predictions per second
OCI helps power dozens of AI models that are used in every Uber trip
Oracle CloudWorld, Las Vegas and Dubai, UAE – September 16, 2024 – Uber, the largest on-demand mobility and delivery platform in the world, relies on Oracle Cloud Infrastructure (OCI) to help support the rapid growth and more than one million trips that Uber powers every hour. Uber has modernized its application tier and AI infrastructure and migrated much of its operational big data and streaming stack to OCI to help it drive profitable growth, deliver new products to market, and accelerate innovation.
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Dubai Business Associates welcomes tenth cohort
- Highly competitive fully-funded programme selects 27 talented graduates from more than 5,000 international applicants
- 22 countries represented in nine-month programme
Dubai, UAE – 16 September 2024: Dubai Business Associates (DBA), one of the world’s most prestigious programmes for future leaders, has proudly welcomed 27 Associates from 22 countries to form the 2024/2025 cohort.
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MOEI AND ETIHADWE LAUNCH COLLABORATIVE INITIATIVE
MOEI AND ETIHADWE LAUNCH COLLABORATIVE INITIATIVE TO PROMOTE USE OF RENEWABLE ENERGY IN THE NORTHERN EMIRATES
The Distributed Solar Systems (DSS) initiative is a significant step towards widespread adoption of sustainable energy solutions in the Northern Emirates.
- Collaborative initiative between the UAE Ministry of Energy and Infrastructure (MoEI) and Etihad Water and Electricity (EtihadWE) announced.
- EtihadWE will allow industrial, residential and agricultural customers to install solar panels and connect them to the network.
- Solar energy generated will be absorbed back into the grid, contributing to overall renewable energy supply.
- The project includes developing regulations and technical guidelines for rooftop photovoltaic (PV) systems.
Ogilvy PR Launches Influence Shield, A New Global Offer for Managing Influence Risk
The service is designed to build confidence and innovation for brands by increasing safety in influencer marketing
Ogilvy announced the launch of Influence Shield, a comprehensive risk management solution designed to empower brands to safely navigate the complex and ever-evolving landscape of social media and influencer marketing. The key services of Influence Shield range from risk assessment, enhanced vetting and risk categorisation to rapid response activation and Influencer management.
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