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NEO Home Robot
October 30th, 2025 - 08:30 GMT
Sally Shakkour

Sally Shakkour

Tired of chores? Robot developed to do all home tasks for $20,000

ALBAWABA - Norwegian company 1X has announced the launch of sales for its AI-powered NEO Home Robot, designed to function as a domestic helper. The company first unveiled the robot last August and has since made numerous modifications and improvements to enhance its performance. Designed to resemble a human, the robot features a Tendon Drive traction system that utilizes artificial tendons, enabling it to lift objects weighing up to 25 ...
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From a monetary policy perspective, 2017 was a year in which central banks around the globe shifted, almost in synchronized step. Here's an outlook for 2018. (Shutterstock)
January 8th, 2018 - 12:00 GMT

Where Major Central Banks Are Likely Headed in 2018: Overview

Kuwait's new budget will be dominated by various reform measures to help fight the hardships the economy is facing.  (Pictured here: Sabah Al-Ahmad Al-Sabah, ruler of Kuwait/ AFP)
January 8th, 2018 - 10:54 GMT

Kuwait Projects Higher Revenues in 2018-2019 Budget

Saudi government employees receive SR12.7 billion in salaries every month. (John Moore/ AFP)
January 8th, 2018 - 10:00 GMT

Saudi Arabia Spends $43.5 Billion on Government Employees in 2017

The Banker Magazine acknowledged the minister's efforts in "maintaining the stability of the economy amidst regional challenges". (Courtesy of Venture Magazine)
January 8th, 2018 - 08:51 GMT

Jordanian Omar Malhas Best Finance Minister in Middle East

Saudi Arabia has launched a new entrepreneurship licence, open to both citizens and residents alike. (AFP)
January 8th, 2018 - 08:14 GMT

Saudi Arabia Unveils New Entrepreneur License for Citizens, Residents

VAT revenues will be used to achieve better local services, greater community development and broader support for UAE citizens. (Shutterstock)
January 8th, 2018 - 07:31 GMT

UAE: 70 Percent of VAT Will Go to Local Governments

Here are five stocks with some serious volatility potential to watch in 2018. (Shutterstock)
January 7th, 2018 - 06:00 GMT

Market Outlook: 5 Stocks to Watch in 2018

Online payments in Jordan reached JD3.34 billion in 2017, compared with just JD561 million in 2016. (Shutterstock)
January 7th, 2018 - 01:00 GMT

Online Payments Five Times Higher in 2017: Jordan’s Central Bank

Nile X will be officially launched in the second half of January. (YouTube)
January 7th, 2018 - 12:17 GMT

Nile X: First Egypt-Made Smartphone Ready for Pre-Order

The report also expressed fear of a devastating war with Israel over the next five years. (AFP)
January 7th, 2018 - 11:53 GMT

Political Uncertainty Could Slow Lebanon’s Economic Growth: Report

Qatar, in September last year, launched the Next Chapter of its National Tourism Sector Strategy 2030. (AFP)
January 7th, 2018 - 11:00 GMT

Qatar: Hotels Double in Two Years to Cater to Tourist Influx

King Salman has ordered the payment of a monthly allowance of SR1,000 for government and military staff. (AFP/ File)
January 7th, 2018 - 10:43 GMT

Saudi King Orders SR1,000 Payment to State Employees in 2018

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