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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...

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.

Saudi Arabia, Pakistan ink pact on digital transformation, innovation

RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday...
  • Under the terms of the MoU, Saudi Arabia and Pakistan will strengthen their SME and start-up ecosystems.
  • They will cooperate on policies, regulations and legislation in the digitization and electronic manufacturing sectors.

UAE Council review cybersecurity in Jordan summit

Amman, Jordan - The UAE Cyber Security Council discussed cybersecurity in the inaugural Jordan Cyber Security Summit 2023, known as...
  • The DOT Cyber Summit 2023 explored issues related to cyber policies and strategies, international issues related to cyber risks and threats faced by countries.
  • This includes mechanisms for addressing and combating their spread, and reviewing the experiences of countries and their progress in the field of cyber security.

New update allows ChatGPT to use internet for fetching data

New York, US - The generative AI platform ChatGPT can now fetch data directly from the internet and gather up-to-date information...
  • "ChatGPT can now browse the internet to provide you with current and authoritative information, complete with direct links to sources," OpenAI said.
  • Until now, ChatGPT's responses to user queries were based on a vast database, which did not contain information from after August 2021.

Saudi Arabia launches new TV channel to highlight ‘rapid progress’

Riyadh, Saudi Arabia-- Saudi Broadcasting Authority (SBA) has launched a new TV channel called Saudia Alaan (Saudi Now) to highlight...
  • The channel will showcase the kingdom’s “rapid progress” towards the Saudi Vision 2030 and its recent advancements, which are reflected in the diverse events
  • The airing of the channel comes at a time when the kingdom is witnessing a significant increase in the number of events, exhibitions, and conferences

Several UAE entities sign pact to implement ‘Sharjah Sat-2’

Sharjah, UAE -- A cooperation agreement was signed between the Sharjah Academy of Astronomy, Space Sciences & Technology (SAASST), the...
  • Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah (UOS), witnessed the signing.
  • The outcome of this project will help diverse parties in making decisions, developing future plans, and conducting scientific research.

World must understand AI, curb its risk, says UK Deputy PM

NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...
  • UK Deputy PM said that a summit, set for November, will aim to preempt the risks posed by frontier AI and explore how it can be used for public good.
  • One of the concerns highlighted by the Deputy Prime Minister is the unprecedented speed at which AI is evolving having far-reaching implications.

Cisco buys Splunk for US$28bn

Splunk is a software platform that uses AI to identify malware.
  • Cisco will pay a premium of $157 per share, up from the $120 Splunk traded at before the announcement.
  • According to the company's website, Splunk was founded in 2003 and holds over 1,100 patents.

QFMA launches single window e-portal for listing in Qatari financial markets

DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate...
  • The single window provides many advantages for firms, related to securities, public offering, or listing on QSE and in acquisitions or mergers.
  • It will simplify the procedures for companies by limiting their dealings with just one entity instead of interacting with other authorities separately.

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...

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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.

Cisco identifies major AI trends for 2024

DUBAI, UAE – Developments in Artificial intelligence (AI) have been impacting businesses, governments and economies across the world. Advancements in...

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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.

AI and death: Sundance films grapple with our digital afterlife

Park City, United States -- Artificial intelligence promises to make death "optional," as the technology learns to perfectly emulate our personalities,...
  • The filmmakers found themselves empathizing with the customers after hearing their tragic stories of bereavement.
  • Western society is terrible at dealing with grief, they said, and technology can appear to fill the gap left by religion for many.