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Abu Dhabi's G42 Forms Big Data JV with Israel’s Rafael

General view of Abu Dhabi, United Arab Emirates, January 3, 2019. Reuters
General view of Abu Dhabi, United Arab Emirates, January 3, 2019. Reuters
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Abu Dhabi's G42 Forms Big Data JV with Israel’s Rafael

General view of Abu Dhabi, United Arab Emirates, January 3, 2019. Reuters
General view of Abu Dhabi, United Arab Emirates, January 3, 2019. Reuters

Abu Dhabi-based technology company Group 42 (G42) has formed a joint venture with Israel's state-owned Rafael Advanced Defense Systems to commercialize artificial intelligence and big data technologies, the companies said on Monday.

The joint venture, called Presight.AI, will have a research and development site in Israel and will develop products for sectors including banking, healthcare and public safety, to be sold in Israel, the United Arab Emirates and internationally.

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Türkiye Orders Detention of Eight Suspects over Alleged Stock Market Manipulation

Traders work at their desks on the floor of the Borsa Istanbul Stock Exchange, Istanbul, Türkiye, May 22, 2018. (AFP Photo)
Traders work at their desks on the floor of the Borsa Istanbul Stock Exchange, Istanbul, Türkiye, May 22, 2018. (AFP Photo)
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Türkiye Orders Detention of Eight Suspects over Alleged Stock Market Manipulation

Traders work at their desks on the floor of the Borsa Istanbul Stock Exchange, Istanbul, Türkiye, May 22, 2018. (AFP Photo)
Traders work at their desks on the floor of the Borsa Istanbul Stock Exchange, Istanbul, Türkiye, May 22, 2018. (AFP Photo)

Turkish authorities have issued detention orders for eight suspects accused of manipulating stock prices on the Borsa Istanbul and causing financial losses to small investors, state-owned Anadolu news agency reported on Monday.

It said that the prosecutor's investigation found unusual price and volume volatility in shares traded on the stock exchange, specifically in one stock.

The suspects are being investigated on charges of establishing a criminal organization and market fraud, Anadolu said, with police seeking the suspects in four Turkish cities.

The case comes amid heightened scrutiny of financial crimes in Türkiye, where regulators have pledged to protect market stability and investors.