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European Union AI Act
July 28th, 2026 - 11:24 GMT
P. Choiaqo

P. Choiaqo

EU passes law enforcing AI labels on content

ALBAWABA - The European Union passed an act that will come into force on Sunday, mandating companies to label AI generated content to consumers. The act includes deepfakes and all aspects of image generation or alteration using AI, in order to better enable European consumers to tell real and fake content and advertising apart. The labeling will start with chatbots, making it clear to users that they are speaking with ...
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The initial public offering (IPO) period of Al Rajhi REIT Fund will run from January 1 to January 14. (File photo)
December 27th, 2017 - 10:51 GMT

Al Rajhi Unveils Details for Al Rajhi REIT IPO, Including Price and Date

Car prices changes in Egypt this year ranged from +7% up to +129% for some models. (Pixabay)
December 27th, 2017 - 10:32 GMT

Egypt: Car Sales Down 50 Percent as Prices Hit Record High in 2017

Demand for electricity in the Middle East region grew substantially between 2000 and 2016, at an average growth rate of 5.6% a year, driven by growth in GCC countries. (Pixabay)
December 27th, 2017 - 10:18 GMT

Middle East's Electricity Consumption to Double by 2040, Driven by Growth in GCC

Inflation in Saudi Arabia is expected to pick up dramatically in 2018, with the implementation of VAT and new fuel prices. (Hassan Ammar/ AFP)
December 26th, 2017 - 12:22 GMT

VAT Is Coming: Saudis Brace For Rising Inflation In 2018

Beirut is filled with sparkly Christmas decorations, but to the dismay of many Lebanese merchants the streets are largely empty of holiday shoppers. (alexander_photography97/ Instagram)
December 26th, 2017 - 12:01 GMT

'People Aren’t Coming to Lebanon': Retailers Blame Political Situation for Drop in Sales

Oman has announced it will postpone the implementation of the value-added tax (VAT) until 2019. Kuwait could follow suit, experts say. (File photo)
December 26th, 2017 - 11:22 GMT

Oman to Postpone VAT Until 2019, Kuwait Could Follow

The banking sector in the GCC region is expected to deliver a stable performance in 2018, particularly in the UAE and Saudi Arabia, according to Moody’s. (AFP)
December 24th, 2017 - 06:00 GMT

Stable Outlook for GCC's Banking Sector in 2018: Moody's

The Middle East's initial public offering (IPO) values were up 55 percent year-on-year, from $676 million to $2.1 billion in 2017, according to a report by global law firm Baker McKenzie. (AFP/ File)
December 24th, 2017 - 01:16 GMT

Middle East's IPOs up 55 Percent in 2017: Report

Mobile network operators in the UAE will begin preparing infrastructure for 5G from early 2018. (File photo)
December 24th, 2017 - 01:05 GMT

UAE Ready for 5G Roll-out, Says Regulator

Flights to Tehran will be scrapped as of January 24, the company said. (File photo)
December 21st, 2017 - 02:50 GMT

Etihad Scraps All Flights to Tehran, Starting Next Month

Dh17,500 will be the minimum salary of an Emirati employee with Sharjah government starting next year. (Pictured here: Sheikh Sultan Al Qasimi, Ruler of Sharjah/ WAM)
December 21st, 2017 - 02:27 GMT

Sharjah Ruler to Increase Salaries of Government Staff in 2018

The King Salman Humanitarian Aid and Relief Center (KSRelief) has already spent $8.2 billion on aid for Yemen since its opening in 2015, according to a report. (AFP/ File)
December 21st, 2017 - 09:58 GMT

Saudi Arabia to Set up $10 Billion Fund for Reconstruction in Yemen

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