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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Italy begins probe into OpenAI’s new video tool Sora

ROME, ITALY – The European country's data protection watchdog - Italian Data Protection Authority - said on Friday it has launched...

Ericsson Q1 net profit at $155m  

Firm announced that it would slash 8,500 jobs worldwide.
  • Ericsson said it expects customers "to remain cautious" with investments and continue to adjust their inventories in the second quarter.
  • Sales rose 14 percent but were flat when adjusting figures to take currency exchanges and other parameters into account.

Elon Musk lays out plan to create ‘truth-seeking’ AI

Musk's founding of X.AI artificial intelligence corporation, a rival to OpenAI came several weeks before he joined experts in signing...
  • The billionaire boss of Twitter voiced anew his concerns about the danger of AI, saying it has "the potential of civilizational destruction"
  • Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents

A ‘VUCA’ world demands digital resilience

As organizations prepare for the next wave of disruption, including responding to cyber-attacks, keeping the enterprise environment secure, and accommodating...
  • We surveyed over 2,500 organisations from a variety of vertical markets including financial services, education, government, gaming, utilities, healthcare and retail and eCommerce
  • Many enterprise organizations are opting for a hybrid model and adapting their workplace, not only for health reasons but also for efficiency and cost reduction benefits

Presight signs MoU with Senegal for digital transformation in African nation

Abu Dhabi, UAE--Presight AI and the Ministry of Communication, Telecommunications and Digital Economy of the Republic of Senegal (MCTEN), have...
  • In order to transform government services, Presight will work with Senegal to support and deliver turnkey solutions using big data analytics and AI technology
  • The agreement is expected to boost governemnt efficiency, create a better business environment, and promote socio-economic development in the country.

Elon Musk establishes X.AI artificial intelligence company in Nevada

San Francisco, United States--Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to...
  • According to an insider report, Musk has purchased costly computing processors and hired engineering talent as part of an AI project at Twitter
  • Google, Meta and Microsoft have spent years working on AI systems to help with translations, search and targeted advertising

EU privacy watchdog sets up ChatGPT task force

The European Union's central data regulator said it was forming a task force to help countries deal with AI chatbot...
  • ChatGPT can generate essays, poems and conversations from the briefest of prompts and is capable of passing exams.
  • Chatbot can only function if it is trained on vast datasets, raising concerns about where OpenAI gets its data.

UAE’s Rashid Rover to land on Moon on April 25

The Mohammed Bin Rashid Space Center in UAE said that Rashid Rover, onboard the HAKUTO-R Mission 1 Lunar Lander, is...
  • During the landing sequence, the Lander will perform a braking burn, firing its main propulsion system to decelerate from orbit.
  • Utilizing a series of pre-set commands, the Lander will adjust its altitude and reduce velocity to make a soft landing.

Move over Pegasus, new Israeli spyware comes along to target journalists, politicians

Spyware like Pegasus has been widely used by governments and other actors to spy on opponents, media and activists. The...
  • The spyware and related exploit or hacking software was created by the little-known firm QuaDream Ltd
  • Citizen Lab, which studies the abuse of digital technologies, said it identified five people targeted by QuaDream

Microsoft, G42 sign MoU

MoU will leverage core competencies of both the firms.
  • The MoU will help explore joint business development and marketing opportunities across a variety of areas G42 covers.
  • Microsoft and G42 will be working in the coming months to finalize the development required to ensure regulatory compliance.

China begins security probe into US chipmaker Micron

BEIJING, CHINA - Chinese authorities have begun an investigation into leading US memory chipmaker Micron Technology, a decision Beijing's foreign ministry...
  • The probe escalates an already fierce battle between US and China for supremacy in the field of semiconductors.
  • US authorities have in recent years sought to prevent the country's advanced chip technology from being exported to China.

Italy begins probe into OpenAI’s new video tool Sora

ROME, ITALY – The European country's data protection watchdog - Italian Data Protection Authority - said on Friday it has launched...

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79% UAE employees think digital skills crucial for success

Dubai, UAE – About 79 percent of UAE employees believe digital skills are crucial for business success, and 84 percent...

UAE issues federal decree on regulating electronic, digital media

ABU DHABI, UAE - The UAE Government has issued a federal decree which aims to regulate and organize media in...

GCC media outlets think outside the box to stay afloat

Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche"...

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Canada print media to get two-thirds of Google’s payment to news outlets

The agreement between Canada and Google is part of the Online News Act, which aims to support a struggling Canadian...
  • After months of negotiations, Ottawa and Google announced a "historic" agreement, where the tech giant would pay Canadian media companies compensation for the loss of ad revenue
  • The agreement between Canada and Google is part of the Online News Act, which aims to support a struggling Canadian news sector that has seen a flight of advertising dollars

Israeli attack killed journalist in Gaza: Al Jazeera

The Qatari network had first reported that cameraman Samer Abu Daqqa and Gaza bureau chief Wael Al-Dahdouh were wounded in...
  • The network said that following Samer's injury, he was left to bleed to death for over 5 hours
  • Al Jazeera held "Israel accountable for systematically targeting and killing Al Jazeera journalists"

Storm-1152: Vietnam-based creator of fake Microsoft accounts

Seoul, South Korea - Microsoft has seized the websites of a Vietnam-based group it alleges sold millions of fake accounts to...
  • Storm-1152 is "the number one seller and creator of fraudulent Microsoft accounts", creating around 750 million to date, the company said Wednesday
  • Storm-1152 pursued a model called "cybercrime-as-a-service" or CaaS, acting as a provider to other criminal groups, Microsoft and Arkose said