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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.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

AI anxiety: workers fret over uncertain future

Legal assistants, programmers, accountants and financial advisors are among those professions feeling threatened by generative AI.
  • Goldman Sachs analysts see generative AI impacting, if not eliminating, some 300 million jobs, according to a study published in March.
  • AI is bringing with it a level of apprehension matched by climate change and the Covid-19 pandemic, a therapist said.

Ooredoo Algeria gets new CEO

Roni Tohme, the Acting CEO, has been confirmed as the CEO.
  • Tohme brings over 21 years of experience in telecoms and finance to his new role, having previously served as Ooredoo Algeria’s Chief Financial Officer.
  • During his tenure as CFO, he played a vital role in shaping an agile and lean finance department, contributing to the company’s business transformation.

UK launches first postal deliveries by drones

Royal Mail said the drone service expected to improve service levels and delivery times to Graemsay and Hoy, where weather...
  • Royal Mail, which is partnering with Skyports Drone Services, said the use of drones would also improve safety by ensuring postal workers can deliver between ports without risks.
  • The world's first drone delivery service was launched in Reykjavik in 2017, with people in the Icelandic capital able to receive goods direct at their doors via an AFV.

UAE newsrooms lagging in adoption of AI: study

Ras Al Khaimah, UAE: While the global news media world is being disrupted by Artificial Intelligence (AI) led by bigtime...
  • Algorithmic journalism refers to the automated gathering, production, and publishing of news based on programmed algorithms
  • Impeding factors included traditional approach to transitioning into new technologies by editors content with beginner-level AI systems

G42, Cerebras unveil world’s largest supercomputer for AI training, deal worth $100m

Sunnyvale, CA: G42, the UAE-based technology group and Cerebras Systems, the company specializing in accelerating generative AI  on Thursday announced...

Broadcom to acquire VMware after EU okays deal

BRUSSELS, BELGIUM- The European Commission approved US chipmaker Broadcom's planned $61 billion takeover of cloud computing firm VMware on Wednesday, conditional...
  • The massive deal had raised concerns about competition, prompting probes by antitrust watchdogs in the European Union and Britain.
  • As a remedy, Broadcom offered interoperability commitments to rival Marvell Technology and any other potential competition.

Yahsat to invest US$100m

It is for capital expenditure of T4-NGS satellite program.
  • The program, the next-generation telecommunications system for Thuraya, is scheduled to begin operational service in H1 2025.
  • The total cost of the program is up to $550 million, including manufacturing, launch, insurance and new ground infrastructure.

OECD urges wealthy nations to prepare for ‘AI revolution’ impact

Paris, France - The world's wealthiest nations must urgently prepare for the impact of an imminent "AI revolution" that will change...
  • "While there are many potential benefits from AI, there are also significant risks that need to be urgently addressed," said the OECD
  • The OECD said it was "vital" to gather better data on AI uptake and use in the workplace, and its effects on the job sector

UAE bolsters AI integration to boost competitiveness

"The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," adds Al Olama. "This priority...
  • UAE renews commitment to embracing artificial intelligence solutions across various sectors, says UAE minister Omar bin Sultan Al Olama
  • The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," he adds

AI ‘disrupts economy’ but Middle East optimistic

The Boston Consulting Group survey found that 58 percent of Middle East employees, managers, and leaders believe that AI will...
  • An overwhelming 78 percent of respondents are confident that the rewards of GenAI outweigh the risks
  • 76 percent of all respondents believe that AI-specific regulations are necessary to manage the risks

ESA, SAP ink agreement

ESA will consolidate operations under a single ERP solution

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Japan literary laureate admits using ChatGPT for her novel

TOKYO, JAPAN - The winner of Japan's most prestigious literary award has acknowledged that about "five percent" of her futuristic novel...

Aramco Digital, Intel to join hands

The aim is to help develop of Open RAN technologies.

IMF chief at Davos: AI holds risks, opportunity for global economy

Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity...

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EU court’s adviser says $2.6bn fine on Google be upheld

Google suffered a legal blow at the European Court of Justice when the body's adviser recommended that a US$2.6 billion...
  • The opinion will feed into a legal battle Google has been waging to overturn the fine the European Commission hit it with in 2017.
  • The commission determined that Google abused its dominant position by favoring its own Google Shopping service.

Chinese experts decode Apple’s encrypted AirDrop messaging

Beijing, China - Chinese state-backed experts have found a way to identify people who use Apple's encrypted AirDrop messaging service, according...
  • AirDrop allows users to send content to Apple devices in close proximity without an internet connection, encoded so they cannot be viewed by other people
  • Chinese officials said experts "cracked the tough technological problem of the transmission of inappropriate information with anonymous traceability via AirDrop"

CES2024 pet tech: Throw a dog a bone – or an AI collar

Las Vegas, United States - They don't own smartphones and can't go online, but that doesn't prevent them from being connected:...
  • The Smart Dog Collar not only helps owners locate their pet in real time, but also monitors its activity -
  • The technology was developed by French GPS specialist Invoxia, which now also offers a mini version for cats called Minitailz