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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • Latifa bint Mohammed awards UK’s Simon Squibb with ‘One Billion Award’ at 1 Billion Followers Summit

    Dubai, UAE - Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, presented the...

    The award ceremony was held during the third edition of the 1 Billion Followers Summit, the world’s largest gathering dedicated to the content creator economy

    Valued at US$1 million, the award stands as the world’s largest and most significant recognition for impactful content creators

  • 1 Billion Followers Summit: AI’s transformative role in content creation highlighted by YouTube, Meta, Duolingo

    Dubai, UAE - The 1 Billion Followers Summit, the world’s largest event dedicated to the content creator economy, brought together...

    YouTube's Regional Director for the Middle East, Africa, and Turkey, shared insights on the pivotal role of ultra-short videos in reshaping digital content

    Fares Akkad, Regional Director for the Middle East and North Africa at Meta, revealed the company’s vision for AI and emerging technologies in content creation

  • Content creation key to awareness, culture, human development: Dubai ruler

    Dubai, UAE -- Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, attended part of...

    The three day 1 Billion Followers Summit is being held in the UAE at Emirates Towers, the Dubai International Financial Centre, and the Museum of the Future in Dubai,

    For the first time globally, leading platforms including Snapchat, X, YouTube, TikTok, LinkedIn, and Meta (Facebook, Instagram, WhatsApp) have come together in one place

  • Over 300 keynotes, panels, main sessions at 1 Billion Followers Summit’s third edition

    Dubai, UAE - The third edition of the 1 Billion Followers Summit, the world’s first and largest event dedicated to...

    The Summit, organized by the UAE Government Media Office, will be hosted in the UAE from 11th to 13th January 2025

    Participants will discuss strategies for expanding the creative industry and enhancing its contribution to development plans, both regionally and globally

  • Dubai vs Doha: The Battle for Creator Economy Supremacy and Innovation in the Middle East

    Dubai’s aggressive initiatives like the 1 Billion Followers Summit and specialized creator visas put it ahead in attracting global talent,...

    Dubai is aggressively positioning itself as a global hub for the creator economy, leveraging infrastructure, regulations, and location

    Doha’s Qatar Media City aims to attract media and digital companies, establishing the city as a regional innovation hub

  • 2025 IT Security Predictions

    Cloudflare, a leading connectivity cloud company recently published an Op-Ed by Grant Bourzikas, CSO, tackling IT security predictions for 2025

    Hyper-focus on “digital transformation” over the past few years has left security in the dark

    As disinformation continues to plague society, it will begin to trickle into AI models

  • All six lines of Riyadh Metro are now operational

    The Royal Commission for Riyadh City (RCRC) announced that the phased rollout of Riyadh Metro culminated as of Sunday, Jan....

    The Royal commission announced the operation of three new stations on the Blue Line

    Riyadh Metro users will be received from 6:00 am until 12:00 midnight

  • Honda and Nissan expected to begin merger talks

    Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...

    Their collaboration would create the world's third-largest automaker

    Honda and Nissan's partnership could include a manufacturing tie-up

  • Hackers stole US$2.2bn in crypto through 2024, Chainalysis Research

    Crypto hackers stole US$2.2bn worth of crypto. This amount was a 21 percent yoy increase, the fourth consecutive year they...

    This stolen amount represents a 21 percent year-on-year increase

    Private key compromises accounted for the largest share of stolen crypto in 2024, at 44 percent

  • Cybersecurity in 2024: From talent shortages to resilience against emerging tech risks

    In 2024, cybersecurity remained central, addressing skill gaps and the impact of generative AI. A Strategic Cybersecurity Talent Framework offered...

    Cybersecurity in 2024 focused on talent gaps, emerging tech, and resilience

    Public-private efforts tackled cybercrime and evolving digital threats