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SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

Strong Meta profit calms investors

Investors had been worried that as the pandemic eased and people socialized more in real life that they would engage...

Meta touts supercomputer

The device is up to 20 times faster than Facebook’s current systems.

Facebook hits back at scathing reports

The company is under pressure to guard against being misinformation platform
  • The company is under pressure to guard against being misinformation platform
  • One of the articles, citing Facebook's own research, said a 2018 change to its software ended up promoting political division

WhatsApp users may encrypt backups

FB was recently accused of breaching WhatsApp users’ privacy.
  • Mark Zuckerberg has announced that WhatsApp will let users encrypt chats they choose to back up
  • The facility will be available for users of devices that can run Apple’s iOS and Google’s Android

FB to unveil digital wallet soon?

The Novi wallet has been under development for two years.
  • Novi is an interoperable digital wallet for people to move money around domestically and internationally
  • Facebook as secured licenses to launch Novi in almost all US states

Strong Meta profit calms investors

Investors had been worried that as the pandemic eased and people socialized more in real life that they would engage...

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FB to unveil digital wallet soon?

The Novi wallet has been under development for two years.

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