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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.

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.

Ant Group to buyback shares

Share buyback plan values Ant Group at $78.5 billion.
  • The China Securities Regulatory Commission (CSRC) on Friday slapped a $984 million fine on Ant and its subsidiaries "in view of... illegal and irregular acts".
  • Ant operates Alipay, the world's largest digital payments platform, which boasts hundreds of millions of monthly users in China and beyond.

Facebook hands US users controls over fact-checked content

For years, Facebook's algorithm automatically moved posts lower in the feed if they were flagged by one of the platform's...
  • Fact-checked posts can be made less visible with an option called "reduce more", which means the posts "may be moved even lower in feed so you may not see them at all".
  • Another option labeled "don't reduce" triggers the opposite effect, moving more of this content higher in their feed, making it more likely to be seen.

Meta launches Twitter rival Threads, 10m sign-ups in first few hours

More than 10 million people have signed up to Threads, Meta's rival to Twitter, within the first few hours of...
  • Threads is the biggest challenger yet to Elon Musk-owned Twitter, which has seen a series of potential competitors emerge but not yet replace it.
  • Celebrities such as Jennifer Lopez, Shakira and Hugh Jackman, as well as media outlets including The Washington Post, Reuters and The Economist join.

Twitter undergoes complex changes as Meta all set to unveil rival app

PARIS, FRANCE- Elon Musk spent the weekend further alienating Twitter users with more drastic changes to the social media giant, and...
  • Since buying Twitter last year for $44 billion, Musk has fired thousands of employees and charged users $8 a month to have a blue checkmark.
  • Zuckerberg's Meta group, which owns Facebook, has listed a new app in stores as "Threads, an Instagram app", available for pre-order in the United States.

Dubai Chamber, Mastercard unveil cyber security program for companies

Dubai, UAE - A program that enables companies to access innovative and affordable cybersecurity solutions was introduced at a workshop...
  • The online session attracted more than 80 attendees and was conducted in partnership with Dubai Police and Mastercard.
  • Guest speakers from Dubai Police and Mastercard provided insights into local and global cybersecurity breaches.

Meet EU ‘gatekeeper’ definition, say seven tech giants

BRUSSELS, BELGIUM -  Seven tech giants, including Amazon and Apple, have informed the European Union they meet the threshold to come...
  • The firms are Google parent Alphabet, Amazon, Apple, TikTok owner ByteDance, Facebook umbrella Meta, Microsoft and Samsung.
  • The firms stated they had revenue and user figures big enough to be classed as "gatekeepers", EU internal market commissioner Thierry Breton said.

Google to add seven new features for Google Chat

WASHINGTON, US-  Google revealed seven new features to be added to Google Chat, a communication and collaboration tool, to enhance...
  • One of the standout features coming to Google Chat is "Smart Compose," a familiar function from Gmail.
  • Smart Compose offers auto-complete suggestions while typing, allowing users to swiftly complete sentences by swiping or pressing the tab key.

AI helps KSA rule Global Government Strategy Index

Saudi Arabia's impressive performance in the 2023 Global AI Index is attributed to its comprehensive National Strategy for AI and...
  • Saudi Arabia's impressive performance in the 2023 Global AI Index is attributed to its comprehensive National Strategy for AI and dedicated government agency
  • Germany ranks second, while China takes third spot in the Tortoise Intelligence's Government Strategy Index for AI that evaluates 100 criteria across seven indicators

UAE Head of Cyber Security leads delegation to conference in Israel

ABU DHABI, UAE  - Dr. Mohamed Al Kuwaiti, Head of Cyber Security for the Government, led a high-level UAE delegation...
  • The UAE delegation met with the stakeholders in the Israeli cyber ecosystem including investors and top experts.
  • The visit provided valuable insights into the latest global trends in cybersecurity and allowed the participants to explore potential collaborations.

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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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...

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...

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...

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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.

CES gadget fest a showcase for AI-infused lifestyle

The annual Consumer Electronics Show gathering boasts more than 3,500 exhibitors and is expecting some 130,000 visitors. Companies big and...
  • CES exhibitor and attendee numbers have jumped each year since the Covid-19 pandemic caused it to be an online-only event in 2021
  • While the show is increasingly a showcase for startups, big brands such as Amazon, Google, Intel, Netflix, Samsung, SonY will also be there

Baims acquires Orcas Edtech

The firm plans to incorporate one-to-one tutoring services.
  • Baims specializes in providing online tailored recorded courses for university students in Saudi Arabia, Kuwait, Bahrain, and Jordan.
  • Capitalizing on its market share in Saudi Arabia, Baims is poised to launch a specialized AI-driven test preparation product.