Threat of AI-powered phishing is on the rise
"Technologies such as Generative AI presents new security challenges. The rise of automated spear phishing necessitates reevaluating our trust heuristics....Business
Abu Dhabi launches drive to keep infected Kinder products away
The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has said that the Abu Dhabi's markets are completely free of...The Authority's inspectors checked Abu Dhabi's markets to ensure whether suspected products were identified in the alert or not
It also coordinated with suppliers and food facilities and contacted the local agent "Ferrero" in UAE
S&P degrades Russia’s forex payments rating to ‘selective default’
Credit rating agency S&P Global Ratings on Saturday downgraded Russia's foreign currency payments rating to "selective default" after Moscow paid...The agency does not expect investors to be able to convert the ruble payments to dollars equivalent to the amounts originally due
Russia's finance ministry on Wednesday announced it had made a payment of almost $650 million due on April 4 in rubles
EDGE picks up a new CEO
Saif Ali Al Dahbashi will be the CEO of AL TAIF, an EDGE firm.AL TAIF is part of the Land division within EDGE Group’s Platforms & Systems cluster
The firm is the eading UAE in-country provider of lifecycle support for military land platforms and systems through maintenance, repair and overhaul
Taaleem of Dubai in discussions with banks for IPO
Taaleem, the Dubai school operator, is in initial stage of talks with banks for an initial public offering in Dubai.The Dubai government last week decided to freeze tuition fees for the year 2022-2023, its third year in a row to help ease the financial burdens on parents
In a report to clients, ratings agency Moody’s last month said the tuition fee freeze was credit negative for Dubai’s largest education provider Gems
Iran seizes fuel-filled boat in Gulf, arrest 11
Iran's Revolutionary Guards have seized a foreign boat smuggling fuel in the Gulf and arrested its 11 crew members, a..."Naval forces have seized a foreign vessel carrying smuggled fuel in Persian Gulf waters," said Mojtaba Ghahramani, justice chief for Iran's southern Hormozgan province
That seizure came days after Iran announced the release of the Vietnamese-flagged MV Sothys tanker, which they had seized in October
UAE stock markets gain almost $6bn in first week of Ramadan
The two bourses have been adhering to the Monday-to-Friday workweek — the norm across most of the world — since...The ADX broke the 10,000-point barrier for the first time amidst increased demand for IHC's Apex National Investment
The DFM advanced 0.74 percent to 3,541.6 points following 5,251 transactions worth AED520.5 million ($141.73 million)
Vaccine factory to come up in Khazaen City with $52m outlay
The first phase of the project is expected to be set up on a total area of 37,000 square meters.The agreement was signed by Khazaen CEO Salim Al Thuhli and Opal’s Chairman of the Board of Directors, Sa’ad Moosa Al Junaibi
Al Thuhli was quoted by the official sources as saying that the project would be the first vaccine factory in Khazaen Economic City
North Sea oil project wins Israeli takeover boost
A North Sea oilfield project off Scotland's coast opposed by environmentalists and paused after energy giant Shell decided to exit...Ithaca Energy, owned by Tel Aviv-listed Delek Group, announced late Thursday a deal to buy Siccar Point Energy for an initial $1.1 billion
The new owner added that Cambo and Rosebank "represent an opportunity for Ithaca to develop fields that will contribute significantly to the UK's energy security."
Rising prices threaten Petrobras
It is caught in a political tug of war, with the president on one side.Jair Bolsonaro, the right-wing President of Brazil, is widely blamed by the public for the country's double-digit inflation and high fuel prices
Even as Brazil's economy recovers from the pandemic, fuel prices rose 33 percent and the war in Ukraine made the situation worse
Cryptocurrency miners in Texas going solar
The crypto-creation center would be located in west Texas and equipped with Tesla solar panels and batteries.Block and Blockstream are said to have invested $6 million to produce 0.1 bitcoin per day
The project would be located in west Texas, aiming to make cryptocurrencies less expensive and more eco-friendly
