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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.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

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

Dubai’s RTA digital channels generate revenue of US$953m in 2022

DUBAI, UAE - Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority Mattar Al...
  • RTA launched a feature that allows users to instantly access their vehicle registration cards for virtual displays upon request.
  • In 2022 RTA recorded 814 million digital transactions up from 676 million in 2021, reflecting a robust growth rate of 20 percent.

IOTA Foundation launches US$10m investment fund at Investopia 2024

ABU DHABI, UAE – Minister of Economy and Chairman of Investopia Abdullah bin Touq Al Marri attended the unveiling of...

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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...

Global personal computer shipments decline 14.8 percent in 2023

DUBAI, UAE - Worldwide PC shipments totaled 63.3 million units in the fourth quarter of 2023, a 0.3 percent increase...

Most Read

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

EU examines Microsoft large investment in OpenAI

Brussels, Belgium - The EU, racing to regulate the fast-moving world of artificial intelligence, said on Tuesday it has started a...
  • The early-level examination is "checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation," the European Commission said.
  • The move is part of efforts by Brussels to make sure its regulatory oversight can catch up with AI developments and stop major players shutting out competitors.