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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

GenAI set to bridge cybersecurity skills gap by 2028

As GenAI narrows cybersecurity skills gap, organizations will prioritize aptitude over specialized education, adapting hiring practices to meet demands of...

Cloud security challenges haunt firms in UAE and KSA

Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals...
  • Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals a latest study by Illumio.
  • Organizations have been advised to adopt robust security measures, including Zero Trust Segmentation, to protect against emerging cyber threats.

WhatsApp update allows posting status updates via Instagram

Washington, United States -- The instant messaging platform WhatsApp launched a new update that includes an optional feature that allows...
  • This feature will be available in a future update to the application through its beta program within the Google Play Store.
  • WhatsApp is also working on an improved posting feature to make it compatible with Instagram, scheduled for a future release, QNA reported.

Innovations, regulatory shifts make Bitcoin resilient

In 2023, the crypto market sees a surge in blockchain advancements, regulatory shifts, and a notable rebound in Bitcoin, signaling...
  • In 2023, the crypto market sees a surge in blockchain advancements, regulatory shifts, and a notable rebound in Bitcoin, signaling a year of dynamic change and potential.
  • Most market experts believe that 2024 promises clearer government regulations, DeFi evolution, and integration of cryptocurrencies in traditional financial markets.

Astra Tech to launch financial services powered by AI in 2024, says CEO

ABU DHABI, UAE - CEO and Co-Founder of Astra Tech Abdallah Abu-Sheikh said that the company will launch its first...
  • The CEO said that Astra Tech plans to enter new financial sectors and make acquisitions in South Asia, including India.
  • He said that the company is looking to expand into Saudi Arabia to enhance its services in this vital market.

Tech titan Microsoft wins observer seat at OpenAI

SAN FRANCISCO, US - Microsoft, the tech titan that has invested billions of dollars in ChatGPT creator OpenAI, has been given...
  • The nomination was shared in a memo to OpenAI staff that was later posted to the company's blog.
  • Microsoft will join former US Treasury Secretary and political power broker Larry Summers, who was added last week.

58% of firms in Saudi Arabia plan to outsource cybersecurity

RIYADH, SAUDI ARABIA - Company bosses are boosting their cybersecurity following an alarming increase in cyberattacks, a new study commissioned...
  • A survey gathered information about people who influence cybersecurity, looking at both internal staff, and external actors.
  • The survey also analyzed levels and types of online safety company bosses believed warranted investment.

Ooredoo, QNBN sign agreement

The two companies will jointly develop Doha Port.
  • The agreement represents a strategic partnership and reflects a commitment to driving innovation to build a more connected Qatar.
  • Qatar National Broadband Network was established to implement the highest global standards in evolving telecommunication infrastructure.

Israeli president tells Musk he has ‘huge role’ in anti-Semitism fight

The meeting came after the world's richest person visited a kibbutz community devastated in attacks by Hamas fighters on October...
  • Earlier Monday, Netanyahu and Musk discussed "security aspects of artificial intelligence" with senior defense officials, the Prime Minister's Office said
  • Netanyahu told Musk he hoped to resume normalization talks with Saudi Arabia after Hamas's defeat and "expand the circle of peace beyond anything imaginable."

Sam Altman’s return ushers in new era at OpenAI

The five-day saga began on Friday, when Altman was abruptly sacked by the board for reasons that are still unclear....
  • The board that fired Altman from his role as CEO of the ChatGPT creator has been almost replaced following a rebellion by employees
  • The sole survivor in the boardroom in the new Altman era is Adam D'Angelo, the CEO of question-and-answer site Quora

AI transforms office roles and enhances productivity

Artificial intelligence automates tasks and boosts capabilities, leading to transformative changes in job roles, productivity, and staff engagement dynamics.
  • Artificial intelligence automates tasks and boosts capabilities, leading to transformative changes in job roles, productivity, and staff engagement dynamics.
  • Chatbots and virtual assistants are set to enhance employee experience and workplace efficiency, while companies shift focus to outcome-based performance.

‘Grave step backwards’: Meta shuts monitoring tool in election year

Washington, US - A digital tool considered vital in tracking viral falsehoods, CrowdTangle will be decommissioned by Facebook owner Meta in...

Latest News

AI entity is Board Observer in IHC

IHC is a pioneer in leveraging AI for decision-making.

MENA ups cybersecurity ante to combat GenAI risks

With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are...

Saudi media ministry and Google join forces for digital transformation

Riyadh, Saudi Arabia - Saudi Ministry of Media and Google have joined forces in a strategic collaboration aimed at driving...

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Starlink satellites approved for use in Israel and Gaza

Access to reliable, high-speed internet will "enable potentially life-saving medical consultations via real-time video calling," UAE Foreign Ministry spokesperson Afra...
  • Under the deal, Starlink will support internet access at an Emirati-run field hospital in Rafah, with further expansion in the besieged territory subject to Israeli approval
  • Starlink low latency high speed connections will enable video conferencing with other hospitals and real-time remote diagnostics," Israeli Minister of Communications said

Strengthen emotional security to thwart cyberattacks

While love, loneliness, and excitement are easily exploitable emotions, any factor impacting someone’s emotional state can make them a target....
  • Social engineering exploits individual vulnerabilities, using human nature to gain the unauthorized access.
  • Heightened emotions, such as those around Valentine’s Day, can make individuals more susceptible to cyberattacks.

solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.
  • The pact follows and builds upon the acquisition by solutions of a 40 percent stake in Devoteam Middle East.
  • The collaboration also aims to combine the experience and resources of the parties for mutual benefit.