Search Site

Trends banner

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Google says to buy Wiz for $32 bn

The transaction is the largest ever sought by Google or parent Alphabet. (AFP)
  • The deepening influence of AI makes "cybersecurity increasingly important in defending against emergent risks and protecting national security," the companies said.
  • The transaction, the largest ever sought by Google or parent Alphabet, will test Trump's openness to large takeovers after resistance to such deals by Biden's administration.

New York, United States — Google said Tuesday it will acquire cloud security platform Wiz for $32 billion, citing the need for greater cybersecurity capacity as artificial intelligence embeds itself in technology infrastructure.

The all-cash deal brings Wiz into the Google Cloud operation, boosting the capacity of consumers to use “multiple clouds” and providing “an end-to-end security platform for customers, of all types and sizes, in the AI era,” the companies said in a joint press release.

The deepening influence of AI makes “cybersecurity increasingly important in defending against emergent risks and protecting national security,” the companies said.

The transaction, the largest ever sought by Google or parent Alphabet, will test President Donald Trump’s openness to large takeovers after resistance to such deals by the administration of Joe Biden.

Alphabet had been close to a Wiz takeover last summer, but the deal fell apart due in part to regulatory concerns, according to the Wall Street Journal.

Started in 2020 by co-founder and CEO Assaf Rappaport and a team that sold a previous venture to Microsoft, Wiz will continue to work and provide services to platforms led by other tech giants including Amazon Web Services and Microsoft Azure.

Wiz is based in New York, with offices in Tel Aviv and three other US cities.

In a webcast after the deal was announced, Rappaport said the service “continuously scans an organization’s code and cloud environments, monitoring them in real time” to “prioritize the most critical risk based on real impact and blocks active threats.”