Education, Technologies

RLtools: Technology Innovation Institute and New York University Debut Novel Reinforcement Learning Library

  • Innovative framework developed in partnership with New York University Agile Robotics and Perception Lab
  • RLtools aims to address critical training challenges in autonomoussystems

Abu Dhabi-UAE: 29 July 2024 – The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), today announced that its Autonomous Robotics Research Center (ARRC) has released RLtools, an open-source, groundbreaking reinforcement learning library that addresses critical training challenges in autonomous systems. Developed in collaboration with New York University’s Agile Robotics and Perception Lab, as part of a joint project, ‘Learning to Fly in Seconds’, this achievement marks the first instance of training high-speed, end-to-end drone controllers on a standard commercial grade computer.

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Business & Investments

CIPS Global State of Procurement and Supply 2024 Report: 

A Comprehensive Insight into the Future of Procurement

Sustainable procurement is a key focus, with 69% of organisations investing in sustainability measures and 77% possessing an ethical sourcing policy  

Dubai, UAE; July 29, 2024: The Chartered Institute of Procurement & Supply (CIPS) recently published the highly anticipated Global State of Procurement and Supply 2024 report, in partnership with GEP. The survey, which gathered insights from chief procurement officers (CPOs), procurement directors, and heads of procurement and supply across 122 organisations with a combined turnover of $73 billion, sheds light on the evolving landscape of the procurement and supply function.

Sam Achampong, Regional Managing Director, CIPS MENA.

The report highlights the increasing influence of the procurement and supply function within organisations. An impressive 68% of respondents noted that the influence of procurement and supply is on the rise. In over two-thirds of the surveyed organisations, procurement and supply manage or influence 60% of spend on direct goods. Despite small team sizes (51% of which have fewer than 20 members), CPOs are making significant impact and commonly report to CFOs.

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Featured

Save Your Feet, Skip the Heat, and Hit the Road to Explore the UAE with Careem This Summer

Save Your Feet, Skip the Heat, and Hit the Road to Explore the UAE with Careem This Summer

Summer in the region can be scorching, and we’re right in the thick of it. But that’s not to say you have to miss out on a number of attractions – particularly those indoors – that the emirates have to offer. With Careem Rides’ reliable, convenient, and stress-free commuting, you can explore the UAE’s ‘must see’ and hidden gems without the hassle of driving, parking, or even needing a license.

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Business & Investments

ARAB BANK GROUP PROFITS GROW BY 25% TO $503 MILLION FOR THE FIRST HALF OF 2024

Arab Bank Group reported solid results for the first half of 2024, with 25% increase in net income after tax reaching $503 million as compared to $401 million for the same period last year. The Group maintained its strong capital base with a total equity of $11.5 billion.

Assets grew by 5% reaching $68.7 billion and at constant currency, the Group’s loans grew by 8% to reach $38.1billion, and deposits grew by 6% to reach $50.5 billion.

Mr. Sabih Masri, Chairman of the Board of Directors, stated that the solid financial performance during the first six months underscores the successful execution of the bank’sprudent risk practices, diversified business model andits focus on core banking activities.Mr. Masri emphasizedon the Group’s ability to continue achieving robust performance which reinforces its leading position in the market.

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Real Estate

صيف ساخن لسوق العقارات في دبي وسط اهتمام عالمي قوي

الخبير العقاري حسين المرسومي

صيف ساخن لسوق العقارات في دبي وسط اهتمام عالمي قوي

دبي، الإمارات العربية المتحدة، الاثنين 29 يوليو 2024:

قال الخبير العقاري حسين المرسومي، إن سوق العقارات في دبي يشهد مبيعات قياسية خلال فصل الصيف الحالي وسط اهتمام عالمي قوي.

وأضاف المرسومي، أن مبيعات عقارات دبي في أول شهور فصل الصيف منذ بداية يوم 21 يونيو حتى الآن من هذا العام بلغت نحو 60 مليار درهم نتجت عن نحو 19 ألف صفقة.

وتوقع المرسومي، أن تتراوح مبيعات العقارات في دبي بين 125-130 مليار درهم خلال موسم الصيف ككل، مع تفضيل العملاء من المواطنين والأجانب والمقيمين لاقتناء وحدة سكنية قريبة من الشواطئ والأماكن الترفيهية الخاصة بالألعاب المائية، نظرًا لحرارة الصيف.

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