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Dubai has once again cemented its status as a global hub for innovation and sustainability with the launch of the 44th edition of Big 5 Global, the most influential construction industry event in the Middle East, Africa, and South Asia (MEASA). Hosted in Dubai, this event showcases a remarkable array of over 2,200 exhibitors from more than 60 countries. These global innovators are set to transform the MEASA construction landscape, aligning it with the pressing need for sustainable development. A critical aspect of this year’s event is its response to the construction sector’s significant environmental footprint. Big 5 Global debuts…

In a landmark move, UAE President Sheikh Mohamed bin Zayed Al Nahyan and Moroccan King Mohammed VI have fortified their countries’ ties with a groundbreaking declaration, heralding a new era of partnership. This historic moment unfolded during King Mohammed VI’s state visit to the UAE, marking a significant milestone in the bilateral relations of these two nations. At Abu Dhabi’s majestic Qasr Al Watan, the leaders unveiled a series of memoranda of understanding (MoUs), setting the stage for deepened cooperation across diverse sectors. Notably, the UAE and Morocco are embarking on a joint venture in high-speed rail infrastructure, a testament…

In a significant move at the COP28 summit, the Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund) announced a major redirection of its resources. Over the next three years, the organization will allocate more than 70% of its funding – surpassing $9 billion – specifically to countries most adversely affected by climate change. This decision marks a strategic shift, focusing on strengthening health programs in regions where environmental challenges intersect with public health. Peter Sands, the Executive Director of the Global Fund, underscored the urgency of this initiative. “Combating infectious diseases effectively now requires an integrated approach that…

In the rapidly evolving world of technology, artificial intelligence has emerged as a game-changer, redefining the boundaries of what’s possible. At the forefront of this revolution are trailblazing companies such as OpenAI, DeepMind, NVIDIA, among others, each playing a pivotal role in shaping the future of AI. Their innovations extend beyond mere technical prowess, touching various aspects of human life. From enhancing human-computer interaction with groundbreaking models to leveraging AI for global good, these companies are not just innovating; they’re transforming the way we live and work. Their efforts in creating generative models, democratizing AI access, and integrating AI into…

In the latest revelations from the Economist Intelligence Unit’s (EIU) Worldwide Cost of Living report for 2023, an intriguing trend has emerged: the United States is home to some of the planet’s most expensive cities. This comprehensive study meticulously compares over 400 prices covering 200 products and services in 173 global cities, offering a unique perspective on urban living costs. This year’s report indicates a notable rise in living expenses, with an average increase of 7.4 percent. Factors such as the easing of supply chain disruptions and energy price hikes have influenced these figures. Topping the list are Singapore and…

As 2024 approaches, NewEdge Wealth’s Ben Emons anticipates a remarkable year for gold, predicting an unprecedented surge in demand for the precious metal. Emons, an expert in fixed income, recently shared his insights with CNBC’s “Fast Money,” highlighting December’s historical trend of increased gold interest. The allure of gold reached new heights last Friday, with its value soaring nearly 2% to a record $2,089.70 per ounce. Emons attributes this surge to a unique combination of economic and geopolitical factors, along with the metal’s traditional appeal during times of uncertainty and market optimism. Emons further elaborates on the intricate dynamics at…

A revolutionary breakthrough in diabetes management is on the horizon, as scientists from Canada and the U.S. have developed a prototype home-use device capable of measuring blood glucose levels through saliva samples. This innovation, utilizing an electrochemical aptamer-based (E-AB) biosensor, could soon replace the daily finger-prick tests that millions of diabetics currently endure. The collaboration between the Université de Sherbrooke in Quebec and the Colgate-Palmolive Company in New Jersey heralds a significant shift towards a more comfortable and less invasive method of glucose monitoring, promising a substantial improvement in the quality of life for diabetic patients. The underpinning science recognizes…

In an unexpected turn of events, Dataminr, a leading big data enterprise valued at $4.1 billion, announced a significant reduction in its workforce. The New York-based company, renowned for its innovative use of AI and big data in providing predictive insights, is set to lay off 20% of its staff, approximately 150 employees. This decision is attributed to the evolving economic landscape and the company’s strategic shift towards enhancing its AI capabilities. Dataminr’s CEO, Ted Bailey, conveyed the news in an internal memo, citing the need to adapt to rapid advancements in AI technology and the prevailing economic conditions. Employees…

In a pivotal move, OPEC+ members, responsible for over 40% of global oil supply, have agreed to substantial voluntary production cuts for early next year. The decision, led by Saudi Arabia’s commitment to maintain its 1 million barrels per day (bpd) reduction, was reached during a virtual meeting on Thursday focused on 2024 oil output. This new agreement, as per OPEC+ sources, will see overall cuts approaching 2 million bpd. These reductions include Saudi Arabia’s ongoing voluntary decrease, alongside Russia’s newly announced 500,000 bpd cut. Other member states are also set to contribute, with Algeria confirming a 50,000 bpd reduction.…

In a striking financial upturn, the Dow Jones Industrial Average soared to a new annual zenith on Thursday, marking an impressive closure to November – its most fruitful month since October 2022. This surge, amounting to a robust 295-point increase (0.8%), propelled the Dow to approximately 35,719 points, eclipsing its previous annual high achieved in August. Contrastingly, the S&P 500 remained largely unchanged, while the Nasdaq Composite saw a moderate decline of 0.6%, as investors engaged in profit-taking from the significant gains in Big Tech stocks that have been central to November’s market revival. Highlighting a remarkable rebound, the Dow…