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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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Engie has acquired a 40 percent stake in Tabreed from Mubadala, the Abu Dhabi-based investment company. (Shutterstock)
August 17th, 2017 - 09:56 GMT

France's Engie Completes $762 Million Investment in Tabreed

Noor Bank. (File photo)
August 17th, 2017 - 09:34 GMT

Dubai's Noor Bank Downsizes in Huge Restructuring: Sources

Unemployment among males in 2016 stood at 13.3 percent, while female unemployment reached a whopping 24.1 percent. (AFP/ File)
August 15th, 2017 - 08:27 GMT

Jordan's Unemployment Rate Hits 16-Year High, According to New Figures

The project is expected to produce half of the country’s planned renewable energy output. (File photo)
August 15th, 2017 - 08:20 GMT

Kuwait Issues Tender for $1.2 Billion Solar Project in Al-Dibdibah

Diplomatic ties between the two countries were severed in the wake of Saddam Hussein’s 1990 invasion of Kuwait, but are now being revived. (Christophe Simon/ AFP)
August 15th, 2017 - 07:49 GMT

Saudi Arabia Launches Joint Trade Council With Iraq, Opens Border After 27 Years

Saudi Crown Prince Mohammad Bin Salman. (AFP/ File)
August 15th, 2017 - 07:22 GMT

Saudi Arabia Announces New Authority to Regulate Military Industries

Recurring revenue from Emaar’s shopping malls and retail, hospitality and leisure, commercial leasing and entertainment businesses represents 38 percent of the total revenue. (File photo)
August 14th, 2017 - 02:26 GMT

UAE's Emaar Properties Records 15 Percent Growth in Net Profit for H1 2017

The contractor posted a net loss of Dh199 million for the second quarter of 2017. (File photo)
August 14th, 2017 - 02:19 GMT

Drake & Scull Fires CEO, Completes Sale of Majority Stake

Saudi Arabia hosted the only three IPOs of this quarter. (File photo)
August 14th, 2017 - 01:35 GMT

IPO Activity in GCC Slows Down in Q2 2017: Report

The property market in Dubai continues to demonstrate further stabilization following the turbulence seen in 2016 with the drop in oil prices and sluggish global trade. (File photo)
August 14th, 2017 - 01:26 GMT

Damac Reports Growth in Sales Performance, Revenues for H1 2017

Consumer spending is a major component in the UAE's GDP with a 45 percent share, compared to 39 percent on average for the GCC region. (File photo)
August 14th, 2017 - 01:11 GMT

Rents and Food Lead Consumer Spending in UAE: Report

The recovery in oil prices this year had been a key factor behind the reduced budget deficit. (File photo)
August 14th, 2017 - 09:50 GMT

Saudi Budget Deficit Down 51 Percent Following Oil Recovery, Spending Cuts

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