May 26, 2026
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Month : January 2024

Business

SAP’s massive €2 billion investment in AI transformation

omandailynews.com
SAP, one of Europe’s leading companies, has revealed a strategic restructuring plan involving the allocation of €2 billion ($2.2 billion) to pivot towards artificial intelligence (AI). With the aim of achieving scalable revenue growth, this transformation will impact over 8,000 jobs, representing more than 7% of its workforce. SAP plans......
Business

Netflix Surges 10% with 13.1 Million Q4 Subscribers

omandailynews.com
Netflix, the global streaming giant, experienced a remarkable surge in premarket trading as its shares skyrocketed by 10% following a stellar performance in the fourth quarter of 2023. The company reported an impressive addition of 13.1 million subscribers, surpassing Wall Street’s expectations. This surge in subscribers comes as Netflix intensifies......
Business

ADNOC’s UAE sustainable energy and local manufacturing drive

omandailynews.com
In a significant gathering at the ADNOC Headquarters, UAE President Sheikh Mohamed bin Zayed Al Nahyan chaired the annual ADNOC Board of Directors Meeting. During this meeting, His Highness reiterated the UAE’s steadfast dedication to comprehensive, sustainable, and integrated economic and social development plans. He underscored the importance of diversifying expertise within the energy......
News

PM Modi inaugurates historic Ram Temple in Ayodhya ceremony

omandailynews.com
In a momentous event that marks the fulfillment of a 35-year-old promise by the Bharatiya Janata Party (BJP), Prime Minister Narendra Modi illuminated the ‘Ram Jyoti’ on Monday evening after presiding over the ‘pran pratishtha’ ceremony of the Ram Lalla idol within the newly-constructed Ram Temple in Ayodhya. Prime Minister Narendra Modi has called upon......
News

Edge Group presents next-gen autonomous solutions

omandailynews.com
EDGE, a prominent global technology group specializing in unmanned and autonomous systems, unveiled three groundbreaking remotely piloted vehicles during the Unmanned Systems Exhibition and Conference (UMEX) and Simulation and Training Exhibition (SimTEX) 2024. As UMEX’s Strategic Partner for the sixth consecutive year, EDGE showcased its commitment to advancing UAE-designed and manufactured autonomous......
News

Sharjah Light Festival to illuminate 12 iconic landmarks

omandailynews.com
The eagerly awaited 13th Sharjah Light Festival (SLF) is scheduled to illuminate the night skies from February 7th to 18th. Hosted by the Sharjah Commerce and Tourism Development Authority (SCTDA), this grand event promises to transform Sharjah’s most iconic cultural and natural landmarks into breathtaking artistic canvases, courtesy of globally acclaimed artists. Under......
Business

US bitcoin ETFs trigger 20% drop in cryptocurrency’s price

omandailynews.com
In a significant development in the cryptocurrency market, Bitcoin has witnessed a steep decline of more than 20% since the launch of the first US-based exchange-traded funds (ETFs) dedicated to the digital currency. The introduction of these ETFs has sparked caution among speculators, who are closely monitoring the potential implications of these......