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AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

White House announces $20bn in grants, loans to boost Intel chip production

Washington, United States - The White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US...

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.

GCC’s digital leadership puts focus on cybersecurity

As GCC leads in digital innovations, there's an urgent need for strong cybersecurity to combat increasingly complex threats targeting governments,...
  • As GCC leads in digital innovations, there's an urgent need for strong cybersecurity to combat increasingly complex threats targeting governments, businesses, and individuals
  • Emad Fahmy of NETSCOUT sheds light on the evolving cyber threats and the importance of a holistic approach to digital transformation, advising ways to safeguard digital frontiers

Dubai Customs strengthens partnerships with courier firms to expand e-commerce

DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering...
  • Dubai Customs unveiled its cutting-edge e-commerce project, strategically leveraging blockchain technology to streamline supply chain operations.
  • It also addressed all queries from participating companies and shared insights into the department's systems in this context.

People marvel at ancient Iraq in new ‘Assassin’s Creed’ game

The central character, pickpocket turned master assassin Basim, speaks classical Arabic in "Assassin's Creed Mirage",.
  • In the game, the hooded and stealthy hero fights his way through an ancient maze of alleyways, souks and rooftops.
  • The entire scene in the game has been rendered in loving detail with what its creators say is the help of historical sources.

AI of the tiger: Tiny camera ‘protects’ predator and people

Experts from Clemson University in South Carolina and several NGOs published research last month on their work using AI-enabled cameras...
  • The camera system called TrailGuard can distinguish between tigers and other species and relay images to park rangers or villagers within seconds, research said
  • The project, called Wildlife Insights, automates the process of identifying species and labelling images, saving many hours of laborious work for researchers

Najm inks pact with iot squared

The aim is to advance insurance services in the Kingdom.
  • iot squared is a joint entity between the Public Investment Fund (PIF) and STC Group and it provides leading IOT solutions in the logistics service field.
  • Najm for Insurance Services was set up in 2007 due to cooperation between insurance firms, Saudi Central Bank and the General Department of Traffic.

California looks to Europe to rein in deployment of AI

The richest state in the United States by GDP, California is a hotbed of no-holds-barred tech innovation, but lawmakers in...

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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...

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...

SIB, Noqodi sign agreement

The Noqodi platform will enable digital payments.

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Vodafone Qatar 2023 profit up

The 2023 net profit of Vodafone Qatar increased to $148 million.
  • Vodafone Qatar’s net profit for the nine months ending September 2023 reached US$107 million.
  • This reflects a growth of 17.3 percent compared to the same period in 2022, mainly driven by higher EBITDA.

Hub71-backed ABHI to set up global headquarters in Abu Dhabi

DUBAI, UAE - With support from the Abu Dhabi Investment Office (ADIO), Hub71-backed ABHI, an embedded finance platform founded in...
  • ABHI is working with Abu Dhabi Investment Office as it scales up its operations to capture growth opportunities in emerging markets.
  • ADIO provides a range of support to the FinTech company, including incentives and connections to the Abu Dhabi ecosystem.

Mac computers could reach new glory due to AI

SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...
  • Macs became the preferred choice for Apple fans along with artists, film makers and other creative professionals.
  • Apple has been making inroads in business, getting help from iPhone lovers using their smartphones for work.