Technologies

LG CALLS FOR DEVELOPERS TO PARTICIPATE IN LG webOS HACKATHON 2024

Selected Finalists to Receive Funding to Develop and Launch Their Gaming or Lifestyle App on LG Smart TVs   

DUBAI, July 29, 2024 — LG Electronics (LG) announced a call for participants for its annual global webOS hackathon, with a focus this year on AI-based solutions and gaming services. Developers worldwide are invited to apply and submit their apps for a chance to win a significant monetary prize along with the opportunity to present onstage to LG executives in Seoul, South Korea, this September.

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Travel & Tourism

Amadeus, in association with Vistara, conclude successful promotion with travel partners in Oman.

Muscat, Oman :Amadeus, a global leader in travel technology, in association with Vistara, India’s finest full-service carrier and a joint venture of the Tata group and Singapore Airlines, successfully collaborated for a joint promotion to support the travel industry during the typically slow period last Ramadan which boosted travel bookings, saw an overwhelming positive response from travel partners and resulted in healthy flight loads and increased incremental segments.

As part of the promotion, six top-performing travel partners were rewarded with attractive prizes including Apple Watches, Lenovo Tablets, Premium Economy and Economy tickets on Vistara, and shopping vouchers. The incentive was designed to motivate and appreciate the hard work of the travel agencies during this period.

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Business & Investments

Industrial AI UPTAKE IS JUST getting Started but MAJORITY OF SECTOR IS UNCOVERING NEW use CASES, FINDS HONEYWELL RESEARCH

  • AI research covers 12 global markets, including Saudi Arabia and the UAE
  • Workforce productivity, flexibility, and safety are cited as key gains from AI applications along with its potential to address the industrial skills shortage
  • Majority of respondents in the UAE highlighted uses cases for AI that were not in their initial plans

Dubai – United Arab Emirates, JULY 24, 2024—Honeywell (Nasdaq: HON) today released the findings of its IndustrialAI Insights globalresearch study, which captures the state of Artificial Intelligence (AI) in the sector. While only 17% of AI decision makers around the world have fully implemented their initial AI plans, more than 9 in 10 say they are uncovering unexpected new use cases whether they are in the prototyping, launch, or scaling stages of AI implementation.

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Business & Investments

Sheraa launches Access Sharjah Challenge allocating AED 500,000 for AgriTech and Livestock Health innovations

Eligible startups can submit their applications until September 5

Sara Al Nuaimi: ASC 2024 reflects Sheraa’s commitment to bolstering the emirate’s role in AgriTech, food and water security.

Khalifa Al Tunaiji: Sharjah has been at the forefront in adopting sustainable and smart technologies to overcome challenges in the sector.

Sharjah, July 29, 2024

Fuelling Sharjah’s and the UAE’s goals to become the world’s best in the Global Food Security Index by 2051, the Sharjah Entrepreneurship Center (Sheraa) has announced the sixth edition of Access Sharjah Challenge (ASC) with AgriTech and Live Health as its two competition tracks. The AED 500,000 challenge is an unmissable opportunity for startups worldwide who have viable prototypes to receive world-class mentoring and expand globally.

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Featured

RAKBANK’s H1 2024 Financial Results Unveiled

Income, Profit & Balance sheet growth continues into 2024 as the Bank’s strategy embeds further. Record Net Profit before tax of AED 1.2B up 33% YoY

Ras Al Khaimah, United Arab Emirates, July 29, 2024 – The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for the first Halfof 2024.

HighlightsTotal Income AED 2.3B +8.7% YoYTotal Assets AED 80.4B +11.9% YoYDeposits AED 58.5B
+19.4% YoY		Return on Equity
20.4% YTD		Return on Assets 2.9%  YTD

Key Financial Highlights – H1 2024

RAKBANK delivers record net profit after tax of AED 1.1B, growth of 21% YoY, driven by diversified growth in balance sheet, continued sales momentum and strong credit quality.

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