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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.

Meta, TikTok challenge incoming EU digital market law

Brussels, Belgium - Tech giants Meta and TikTok are contesting the scope of an EU law that from March will set...
  • As with the Digital Services Act, which came into force in August, and the 2016 General Data Protection Regulation, the DMA comes with sharp teeth.
  • Companies found infringing the DMA expose themselves to fines that could go as high as 20 percent of their global turnover, or even orders to be broken up.

US chip curbs disturb Chinese firms AI projects

Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts...
  • E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions
  • The curbs now target cloud computing to prevent Chinese companies from accessing powerful AI chips hosted elsewhere

Focus shifts to societal impact and ethical use of AI

AI and data stakeholders will gather at Global Data Dialogue 2023 -- to be hosted in Dubai next week by...
  • AI and data stakeholders will gather at Global Data Dialogue 2023 - to be hosted in Dubai next week by DataLEADS - to discuss AI's sector-wide transformative potential.
  • Through engaging panel discussions, illuminating show-and-tell sessions, the summit endeavors to spark dialogues that will shape the trajectory of AI and and data science globally

Siemens posts record profit

Its shares rose over 6 percent on the Frankfurt Stock Exchange.
  • The company, whose businesses range from making trains to automating production processes, earned a net profit of $8.62 billion in 2022-2023.
  • Sales, at $84.6 billion, rose 11 percent on the previous year while for 2024, the group expects revenue to grow in a range of between 4 and 8 percent.

Apple to allow applications to be downloaded outside app store

Washington, United States - The American company Apple intends to provide the possibility of downloading applications from outside its official...
  • Developers will also be able to publish their applications in alternative stores without having to pay special fees to Apple
  • The Digital Markets Act requires technology companies to open their services and platforms to other companies and developers

Global Media Congress opportunity for showcasing AI advances: Expert

Abu Dhabi, UAE -- Rapid advances in AI technologies have created a major challenge for the media sector: the difficulty...
  • Professor Charlie Beckett of LSE says it is important to keep pace with AI advances like ChatGPT and Metaverse.
  • He said despite warnings about AI, it remained a useful tool for creating huge content and handling services using algorithms.

Al Ghurair to use Oracle solution

This will help HR teams improve business operations.
  • Through this strategic collaboration, Al Ghurair seeks to empower its employees through self-service capabilities.
  • Oracle Cloud HCM transforms the traditional functions of HR departments such as recruiting, training, payroll.

Blockchain enhances efficiency, security in aviation

Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.
  • Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.
  • Blockchain technology is revolutionizing aviation with enhanced transparency, security, and operational efficiency, promising significant cost savings, says Aerobloc's founder.

AI safety & innovation: Key focus of UAE-Spain tie-up

“I have been looking very carefully and intensely at the UAE’s strategy on AI, and it resonates a lot with...
  • UAE's artificial intelligence strategy is driving economic growth and establishing it as a global talent hub.
  • Collaboration between Spain and ADIA Lab in Abu Dhabi focuses on knowledge and talent exchange.

81% UAE companies plan to use AI for cybersecurity

AI has emerged as a transformative force in various sectors, revolutionizing how businesses operate, make decisions, and secure their assets,...
  • AI has emerged as a transformative force in various sectors, revolutionizing how businesses operate, make decisions, and secure their assets
  • The research has found that 94% of UAE respondents understand the potential cyber risks, and 89% feel their organization is cyber-ready

Omantel approves cash dividend

Net profit grew by 13.1 percent compared to 2022

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solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.

Israel’s AI-enabled tech usage in Gaza sparks new fears

New defense technologies including artificial intelligence-powered gunsights and robotic drones form a bright spot in an otherwise dire period for...

AI game gains popularity during Chinese New Year festivities

SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...

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EU gives accent to landmark rules on artificial intelligence

Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...
  • Brussels first proposed an AI law in 2021 but spent most of last year racing to greenlight the draft text after chatbot ChatGPT exploded onto the scene.
  • EU ambassadors finally signed off on the text during a meeting Friday in Brussels, after French and German concerns were assuaged.

UAE signs pact to develop digital infrastructure in Greece  

ABU DHABI, UAE  - The Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic...
  • Data centers to be developed under this MoU can reach a total capacity of 500 megawatts.
  • The data center market in Greece has witnessed significant growth in the last few years.

The DCO Council announces multilateral initiatives to bridge digital divide

Manama, Bahrain - The Digital Cooperation Organization (DCO), a global intergovernmental organization dedicated to fostering digital prosperity for all by...
  • Topics of discussion included cross-border market growth; the value of data; human-centric and sustainable digital economy
  • The DCO Council also announced the joining of Bangladesh, Qatar, and Greece as the new member states