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ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

White House rolls out ‘concrete safeguard’ policies for federal AI

Washington, US - "Concrete safeguards" for government use of artificial intelligence were announced by the White House on Thursday, as it...
  • VP Kamala Harris said the AI tools to be used by government agencies would be verified to make sure they do not endanger the rights and safety of Americans.
  • She gave the example of a Veterans Administration hospital that uses AI for medical diagnostics, saying it would need to first demonstrate results are not biased.

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...
  • As GenAI narrows cybersecurity skills gap, organizations will prioritize aptitude over specialized education, adapting hiring practices to meet demands of emerging technologies.
  • With malinformation costs set to exceed $500bn, businesses must invest in anti-malinformation programs and leverage chaos engineering to figh against evolving cyber threats.

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...
  • Lawmakers in California are looking to recent European legislation on AI, especially given the little hope of equivalent national legislation out of Washington
  • There are at least 30 different bills proposed by California state legislators that relate to various aspects of AI, according to senior policy advisor

ESA, SAP ink agreement

ESA will consolidate operations under a single ERP solution
  • ESA will benefit from a streamlined and integrated system, improving visibility and control over all of its operations.
  • ESA will be using an integrated supply chain model that eliminates process silos, predicts disruptions.

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...
  • The fund's primary goal is to promote the development of TradeTech solutions and support the expansion of startups.
  • The announcement aligns with Investopia's vision to inspire entrepreneurs to expand into new economic sectors.

EU to tell big tech firms to curb election risks or face fines

BRUSSELS, BELGIUM – The EU will put more pressure on the most popular online platforms, like X and TikTok, to tackle...
  • The European Commission, the EU's executive arm, is expected to adopt new guidelines.
  • They will come under the EU's mammoth content moderation law, the Digital Services Act.

Bayanat, Yahsat shareholders to vote on merger and creation of SPACE42 on April 25

ABU DHABI, UAE – Bayanat AI PLC and Al Yah Satellite Communications Company each issued a circular on Thursday calling...
  • The respective shareholders of each entity will vote on the proposed merger of the two Abu Dhabi-headquartered and ADX-listed entities.
  • The proposed would create one of the most valuable publicly listed space companies in the world with potential for significant global growth.

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...
  • Wednesday's $8.5 billion direct funding announcement is the largest of any grant made so far under the $52.7 billion 2022 CHIPS and Science Act.
  • The money will help incentivize Intel to make more than $100 billion worth of investments, which will be one of the largest investments ever in US semiconductor manufacturing.

Gemini’s inaccurate AI racial images warn of tech titans’ power

AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...
  • Gaffes such as the images of ethnically diverse Nazi troops forced Google to temporarily stop users from creating pictures of people.
  • Social media users mocked and criticized Google for historically inaccurate images, like those showing a female black US senator from the 1800s.

Du, Samsung ink agreement

The two companies have signed a three-year partnership.
  • This collaboration allows for expansion in the business-to-consumer (B2C) and business-to-business (B2B) segments.
  • The companies will also collaborate on reaching the younger generation, with joint participation in events like the Dubai Esports Festival.

Media’s Role in the Age of Algorithms

In a world where 5 billion people are active on social media, our digital voices shape culture, foster belonging, and...

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CBI, zypl.ai ink partnership

The pact aligns with CBI’s plan to support innovation in UAE.

‘Grave step backwards’: Meta shuts monitoring tool in election year

Washington, US - A digital tool considered vital in tracking viral falsehoods, CrowdTangle will be decommissioned by Facebook owner Meta in...

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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Sheikh Hamdan praises ADNOC’s efforts in using AI in production process  

ABU DHABI, UAE - Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, said that under the...
  • Sheikh Hamdan toured key facilities and operations, learning about the company's efforts to leverage AI.
  • Sheikh Hamdan emphasized on the importance of Emirati women's participation across various sectors.

White House rolls out ‘concrete safeguard’ policies for federal AI

Washington, US - "Concrete safeguards" for government use of artificial intelligence were announced by the White House on Thursday, as it...
  • VP Kamala Harris said the AI tools to be used by government agencies would be verified to make sure they do not endanger the rights and safety of Americans.
  • She gave the example of a Veterans Administration hospital that uses AI for medical diagnostics, saying it would need to first demonstrate results are not biased.

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...
  • As GenAI narrows cybersecurity skills gap, organizations will prioritize aptitude over specialized education, adapting hiring practices to meet demands of emerging technologies.
  • With malinformation costs set to exceed $500bn, businesses must invest in anti-malinformation programs and leverage chaos engineering to figh against evolving cyber threats.