Economy
ADIPEC highlights the key role of artificial intelligence in the energy sector
Artificial intelligence technologies and solutions continue to improve their role and wide presence in the energy sector due to their superior ability to manage demand analysis processes, adjust operating capacity, reduce waste, renewable sources and business operations and pricing trends and risks. For the industry, according to an analytical study prepared by the “Interregional Center for Strategic Analysis” in Abu Dhabi.
Interregion confirmed that the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) hosted by Abu Dhabi National Oil Company (ADNOC) reviewed the latest innovations and broad interest of energy companies in the application of technology in the energy sector. Partnering, and supporting digital transformation initiatives Rethinking…the sector’s journey to achieve climate neutrality, including carbon capture, utilization and storage technology, as well as green systems for hydrogen electrolysis, use of renewable energy in electricity generation, and capacity building. Artificial Intelligence and the Internet of Things in Manufacturing.
As part of a 10-year predictive maintenance agreement with Honeywell, Digital Twins, Cyber Vision, Smart Refining and Primary Performance packages, and digital solutions designed to enhance ADNOC’s digital transformation process, support energy companies. ) Middle East and North Africa, helping ADNOC improve operations, performance, predictability and operational efficiency.
Artificial intelligence has recently been able to play an important role in the energy sector because it has a great ability to process data and analyze performance from sensors. Energy companies use artificial intelligence in predictive maintenance of machines and reduce ongoing costs such as detecting potential malfunctions. Treating them early and providing a work environment that is safe for workers in hazardous environments such as offshore drilling platforms or working on high-voltage power lines can benefit energy companies through artificial intelligence in creating digital twins. Interactive models allow better planning and design of facilities and machinery, as well as waste storage and disposal.
Within the framework of the many roles played by artificial intelligence in the energy sector, many world-renowned energy companies are interested in integrating these technologies into their operations, such as companies (Shell, Chevron, Saudi Aramco, Kraken ), and others, which provide great global momentum in the energy sector.
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”
Dubai: “The Gulf”
Performance of stocks in GCC countries varied during the week; Dubai Financial Market Index alone lost 0.91% to 3951.52 points and Abu Dhabi Market Index lost 1.45% to 9400.75 points in 4 sessions.
In Saudi Arabia, the main market index TASI increased the week’s trade by 0.43% to close at 11,225 points, compared to 11,177 points at the end of the previous week.
In Kuwait, the general market index rose 0.33% for the week to close at 6654.64 points, compared to 6632.47 points at the end of the previous week.
In Bahrain, the Bahrain General Index rose 0.13% on the week to close at 1942.35 points, compared to last week’s 1939.77 points.
In Qatar, the Qatar Stock Exchange Index fell 1.93% in 5 sessions to close at 9,848.15 points, compared to 10,062.64 points at the end of last week.
In the Sultanate of Oman, the Muscat Stock Exchange Index fell 1.37% during the 5-session session to close at 4594.41 points, compared to 4658.17 points at the end of the previous week.
Outside the Gulf region, the Egyptian stock market index “EGX 30” increased the week’s trade by 0.46% to end at 24,686.16 points, compared to last week’s close of 24,571.98 points.
Weekly performance:
Egypt +0.46%
Saudi Arabia +0.43%
Kuwait +0.33%
Bahrain +0.13%
Dubai 0.91% –
Oman 1.37% –
Abu Dhabi 1.45% –
Qatar 1.93% –
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”
Economy
US stock indices rose at the end of today’s session; The Dow Jones Industrial Average rose 0.36%.
Investing.com – U.S. stocks were higher after the close on Friday, as the , , and .
By the end of trading in New York, it was up 0.36%, hitting its highest record level in more than 52 weeks, while it rose about 0.41% to close around 0.45%.
One stock stood out among today’s leading stocks Boeing Co (NYSE: ), which rose 3.00% or 7.12 points to 244.45. On the other hand, Goldman Sachs Group Inc. (NYSE: ) was up 1.82% or 6.27 points to end at 350.89. Chevron Corp (NYSE: ) was up 1.33% or 1.90 points to end at 144.32.
On weak performance at the end of today’s trade, Honeywell International Inc. (NASDAQ: ) traded down 1.61% or 3.18 points to trade at 194.61 at the close. Wal-Mart Stores Inc. (NYSE: ) traded down 1.08% or 1.64 points to 150.82, while Verizon Communications Inc . (NYSE: ) stock declined 1.05% or 0.41 points to close at . 38.24.
On the other hand, the best performers on the S&P 500 index were Paramount Global Class B (NASDAQ: ), which rose 12.11% to trade at 16.85, followed by Warner Bros Discovery Inc (NASDAQ: ). Shares rose 6.01% to close at 11.47 Lululemon Athletics Inc (NASDAQ: ) rose about 5.37% to trade at 489.64.
Among the weakest performing stocks today, we mention the company’s stock Enphase Energy Inc (NASDAQ: ), fell 3.88% to settle at 103.01, Dollar General (NYSE: ), lost 3.86% to 127.19, and Illumina Inc (NASDAQ: ), lost 3.58% to close at 112.94 in today’s session. In the stock market.
On the other hand, the best performance in the Nasdaq index was recorded by stocks Intensive treatment Inc (NASDAQ: ), soared 63.81% at the price of 6.88, Conduit Pharmaceuticals Inc (NASDAQ: ) continued its rise at 45.48% and closed at 5.15 volume. Assure Holdings Corp (NASDAQ: ) rose about 34.43% to trade at 0.35.
Among the weakest performing stocks today, we mention the company’s stock Sink Inc (NASDAQ: ), which plunged 47.00% to close its session at 0.21, Golden Heaven Group Holdings Limited (NASDAQ: ), which lost 41.38% at 1.36, and Bluebird Bio Inc (NASDAQ: ), which lost 40.54% to close at 2.86 in the stock market today.
The number of shares that gained more than the number of shares closed on a lower trading basis on the New York Stock Exchange was unchanged at 82, with 1647 compared with 1237. As for Nasdaq, 1,959 stocks strengthened their position, 1,503 stocks declined, while 119 stocks maintained their value.
Lululemon Athletica Inc (NASDAQ: ) rose to an all-time high, up 5.37% or 24.97 points to trade at 489.64. The Boeing Co (NYSE: ) traded up 3.00% or 7.12 points to trade at 244.45 to hit its 52-week high. Shares of Intensity Therapeutics Inc (NASDAQ:) soared to an all-time high of 6.88 by adding 63.81% or 2.68 points to trade at 6.88. Shares of Golden Heaven Group Holdings Ltd. (NASDAQ: ) fell to new record lows, declining 41.38% or 0.96 points to trade at 1.36.
It measures the implied standard deviation of options on the S&P 500 index, which fell 5.44% to close at 12.35, hitting its highest record level in 3 years.
Gold futures for February delivery were down 1.30%, or 26.55, at $2,019.85 an ounce. In other commodities trading, WTI crude oil futures for January delivery rose 2.80% or 1.94 to settle at $71.28 a barrel, while the February contract for Brent oil futures was up 2.51% or 1.86 points. and closed at $75.91 per barrel.
The EUR/USD pair maintained stability at 0.26% and traded at 1.08 levels, while the USD/JPY pair continued to gain 0.59% to reach 144.97 levels.
Dollar index contracts traded up 0.43% at 103.95.
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”
The Euro went back and forth during Thursday’s session, focusing on the 200-day EMA, an indicator that people sometimes focus on. At the same time, the market found itself testing the 1.0750 level, which had previously led to significant price volatility. Taking all factors into account, this situation highlights the situation where the Euro is preparing for a consolidation mode, which is waiting for an improvement in the US bond markets. Interest rates have played an important role in currency markets in recent times as traders discern the Federal Reserve’s stance on monetary policy – whether it will ease or maintain a more conservative approach.
Our recommended forex brokers in the region
Also, the recent decline in interest rates may indicate market expectations of an impending economic downturn, which tends to promote the safe-haven status of the US dollar. This dynamic manifests itself in increased demand for US bonds, which subsequently leads to lower yields and higher demand for the US dollar.
Further complicating the situation is the influx of capital into Europe, which is struggling with the problems of the Great Recession. Overall, prevailing landscape traders face short-term rallies, although support should remain in the intervention area. It’s worth noting that next Friday’s session will be important, as employment data could influence the central bank’s course of action, or at least the perception of what it may or may not do. The market will continue to ask a lot of questions about the EU, which will favor the US dollar. Additionally, if the world slips into a major recession, the US dollar is usually a safe haven for traders.
Ultimately, the Euro is going through a challenging environment right now and the 1.0850 level is one to watch as it struggles with various factors. A break of this level could indicate an upward trend, although the current momentum is insufficient to facilitate such a move. It’s conceivable that a significantly weaker employment report could give the markets the momentum they need to return to volatility and make this market move very quickly. However, as we approach the end of the year, this could mean a decrease in volume, making markets difficult to predict.
“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”
-
Top News2 years agoReasons why there isn’t More Scoring in Soccer
-
science2 years agoA Scientific Surprise .. Contemporary Month of Ancient Egyptians | Science
-
Top News2 years agoDirection Dubai: Private jets were attacked to escape the health drama in India
-
Top News1 year agoTop 3 Cities in Vietnam for Digital Nomads
-
Tech2 years agoThe email is said to have come from Nintendo’s Lost Game Boy extension
-
Economy5 months ago
Apple’s market cap is about $3 trillion
-
Tech2 years agoNetflix launches new video game platform on Android devices
-
Economy1 year agoGeely Monjaro 2023 Launched in Saudi Arabia .. Specifications and Prices (Video and Photos)
