Megha Merani

1 week ago | agbi.com | Megha Merani

Artificial Intelligence TruBuild says its AI cuts cost overrunsAnalyses contracts and scopeAlready working with developersSaudi Aramco’s venture arm has led a $1 million seed funding round for TruBuild, a construction technology startup based in Riyadh that uses artificial intelligence to cut project delays and cost overruns.

1 week ago | agbi.com | Megha Merani

Sustainability Device to capture air quality data‘Digital twin’ will simulate scenariosGulf air exceeds WHO limitsAbu Dhabi has invited companies to bid for a contract to develop a “digital twin” focused on real-time monitoring of air quality in a desert region that is among the dustiest in the world.

1 week ago | agbi.com | Megha Merani

Banking & Finance Reinsurer lost $150 millionWorse than Hurricane HeleneInfrastructure pushThe financial hit from last year’s Dubai floods, when the heaviest rains in the UAE’s history submerged roads, homes and airports, made it the third most costly disaster in the world in 2024, one insurance company has announced.

1 week ago | agbi.com | Megha Merani

Artificial Intelligence Targetting Asia and Latin AmericaGoal of 40% international revenueAbu Dhabi seeking to diversifyAbu Dhabi is stepping up efforts to develop and expand its artificial intelligence and digital services business as part of a billion dollar push to diversify its economy away from oil.

1 week ago | agbi.com | Gavin Gibbon |Megha Merani

Analysis Construction Aluminium up 9%, cement up 5.5%Luxury hotels most affected But suppliers may lower pricesThe global trade tensions triggered by Donald Trump’s tariff hikes is sending shockwaves through the Gulf’s construction sector, leading Saudi Arabia and the UAE to rethink sourcing materials and supply chain networks.