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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Robot maker dreams of turning sci-fi into reality

Ryo Yoshida's monster-sized drivable robot is hard to park and the $3-million price tag will crush most wallets.
  • An imposing 14.7 feet high and weighing 7,716 pounds, "Archax" can be moved and operated by a pilot who clambers up to the high-tech cockpit.
  • When manoeuvered in the vehicle mode, "Archax" is capable of moving at 10 kilometers (six miles) per hour, according to the company.

Error-prone AI chatbot dog leads Japan’s elderly astray

Tokyo, Japan - A cartoon canine AI chatbot designed to cheer up and inform lonely older residents of western Japan is...
  • Powered by generative artificial intelligence, "Dai-chan" was this year launched by Osaka authorities who called it the first of its kind in Japan
  • But the chatbot, which features a Shiba Inu cartoon dog and answers in the Osaka dialect, has shown itself far from faithful to the truth

RCU inks pact with Artefact, Dassault Systèmes for AI, digital solutions

ALULA, SAUDI ARABIA –   The Royal Commission for AlUla (RCU) has reinforced its commitment to technology innovation and cutting-edge digital...
  • The pacts are focused on the seamless integration of the latest and emerging digital products within AlUla's maturing technology eco-system.
  • The agreement will cover pivotal areas of development, from AI consulting and transformation to establishing a dedicated school of data & AI.

Nedaa, Dubai Customs ink MoU

MoU to enhance digital solutions for efficiency.
  • The MoU will help to integrate efforts and exchange experiences to improve the level of services provided to various groups and segments of society.
  • The two parties will focus on developing an operational mechanism aimed at ensuring a reliable and effective communication network for Dubai Customs,

Modon inks 2 MoUs with Saudi Exports, Local Content Authority

RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding...
  • The MoU with the development authority entails exchange of expertise in industrial cities management and provision of logistic services and solutions.
  • Modon’s MoU with LCGPA aims to achieve integration of local content in industrial cities, exchange experience and practices in institutional innovation.

Archer to launch its all-electric air taxi service across UAE

ABU DHABI, UAE - Archer Aviation on Tuesday announced that it has entered into an agreement with Abu Dhabi Investment...
  • ADIO plans to support Archer in establishing its first international headquarters and manufacturing facilities in the SAVI Cluster in Abu Dhabi.
  • Archer’s Center of Excellence will focus on developing and implementing next-generation aviation technologies.

Red Sea Global builds largest off-grid EV charging network in Saudi Arabia

RIYADH, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, Amaala...
  • The network includes more than 150 charging stations spread across phase one of The Red Sea destination area.
  • The stations are placed to keep RSG’s initial fleet of 80 electric Lucid and Mercedes vehicles charged and on the road.

Artificial intelligence key focus as GITEX 2023 begins

GITEX, Dubai's premier tech event, kicks off its 43rd "Technology Week" at the Dubai World Trade Center, spotlighting the latest...
  • With each passing year, GITEX has consistently exceeded expectations, offering a glimpse into the next frontier of technological evolution
  • The event also supports technology startups and displays the latest inventions and advanced innovations in information technology from various parts of the world

Gaza becomes a dangerous ground for journalists

Amidst the escalating Israel-Hamas conflict, an alarming number of journalists have been killed, injured, or missing, underscoring the importance of...
  • Amidst the escalating Israel-Hamas conflict, an alarming number of journalists have been killed, injured, or missing, underscoring the importance of ensuring their safety
  • Amid the ongoing Middle Eastern conflict, ensuring the safety of journalists is paramount, as the world depends on their reporting to grasp the crisis's complexities

Al Etihad Payments partners with NIPL to develop UAE Domestic Card Scheme

ABU DHABI, UAE – Al Etihad Payments (AEP), a wholly-owned subsidiary of the Central Bank of the UAE (CBUAE), and...
  • To be launched in early 2024, the card scheme will aim to facilitate the growth of e-commerce and digital transactions in the UAE.
  • It will bolster financial inclusion, support the nation’s digitization, increase alternative payment options and enhance the UAE’s competitiveness.

Gross written premium rises by 12.7% in Q4 2023 to US$14bn, says CBUAE

ABU DHABI, UAE - The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in...

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WEF24: Understanding regional nuances key to success

Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.

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...

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...

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Rise of GenAI boosts phishing threats during holidays

The sophistication of GenAI-driven phishing attacks requires robust security, including advanced DDoS protection and proactive cyber resilience strategies, says an...
  • The sophistication of GenAI-driven phishing attacks requires robust security, including advanced DDoS protection and proactive cyber resilience strategies, says an expert.
  • Emad Fahmy of NETSCOUT recommends establishing strong passwords, exercising caution online, and extensive use of VPNs to enhance cybersecurity amid rising threats.

Over 70 percent of musicians fear AI, says French-German study

PARIS, FRANCE - More than two-thirds of musicians fear that artificial intelligence will make it impossible to make a living, according...
  • The report found that 35 percent were already using AI in a "large number of areas related to music creation".
  • The report added that estimated incomes would fall 27 percent by 2028, equivalent to some US$2.9 billion.

Dubai RTA awards US$95m contract to upgrade ticketing system   

DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...
  • The aim is upgrade the existing card-based ticketing system to an account based ticketing system, aligning with the top global practices.
  • It seeks to develop a flexible and 100 percent scalable digital infrastructure, ensuring 100 percent fintech integration in mobility solutions.