This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Tech & Media

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

Some sectors may benefit more than others as more GCC companies turn to metaverse to boost business

Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit...
  • Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit the most from the latest technology, says an expert
  • The use cases of a metaverse in the GCC and the MENA region will vary primarily depending on the core nature of work within each sector, adds Mohamed Khaled, CEO of Hotdesk

Phone firms set for annual meet in shadow of global slump

Barcelona, Spain--The big beasts of the telecom industry will gather in Barcelona on Monday for their most important annual get-together,...
  • In total, the four-day show would host almost 750 operators and manufacturers and 2,000 exhibitors.
  • A hugely popular idea for many at the show is to force the owners of bandwidth-hungry platforms like YouTube, Netflix and Facebook to pay network operators a "fair share".

Euclid to probe universe’s big mysteries: dark matter, dark energy

In a few months the space telescope will blast off on history's first mission to search for two of the...
  • Aiming to shed light on these dark secrets, the mission will chart a 3D map of the universe encompassing two billion galaxies across more than a third of the sky.
  • The third dimension of this map will be time -- because Euclid's gaze will stretch out to 10 billion light years away, it will offer new insight into how the universe evolved.

PwC, Microsoft expand partnership for digital transformation in Saudi Arabia

DUBAI, UAE -  PwC Middle East and Microsoft have strengthened their global partnership at LEAP event in Riyadh, to support...
  • The collaboration will focus on cloud transformation, business process automation and technology consulting.
  • The partnership aims to strengthen businesses by providing access to cloud services that are scalable and secure.

ChatGPT sets off AI ‘gold rush’ in Silicon Valley

Artificial intelligence (AI) has been increasingly present in everyday life for decades, but the November launch of the conversational robot...
  • OpenAI, the ChatGPT creator, is valued by Microsoft at nearly $30 billion despite still burning through money at a high speed, Wayne Hu, a partner at SignalFire, said
  • Generative AI, of which ChatGPT is an example, wades through oceans of data to conjure up original content - an image, a poem, a thousand-word essay - in seconds

Iranian TV says forced to quit London after regime threats

LONDON, UK - The independent network Iran International TV said Saturday it had been forced on UK police advice to shut...
  • The decision was taken following the arrest last weekend of an Austrian-Iranian man in the vicinity of the studios.
  • Police said that despite the man's arrest, "we still have serious concerns for the safety of people working at this company".

Company launched to develop world’s largest modern downtown in Riyadh

Launched by Saudi Crown Prince Mohammad bin Salman, the New Murabba project will offer more than 25 million sqm of...
  • The project will offer a unique living, working and entertainment experience within a 15-minute walking radius and will have its own internal transport system.
  • Mukaab, a tech landmark, will be one of the largest built structures in the world, standing 400m high, 400m wide, and 400m long.

Sexting chatbot ban brings AI rules in focus

Given that these bots still make factual blunders, often show bias and could even spout libelous statements, some are clamoring...
  • Regulators in Italy last week barred the firm from gathering data after finding breaches of Europe's massive data protection law, the GDPR.
  • OpenAI's latest model, GPT-4, is scheduled for release soon and is rumored to be so good that it will be impossible to distinguish from a human.

An effective governance, risk and compliance system need of the hour, says UAE’s cybersecurity head

There is a close link between cybersecurity and GRC and innovation plays a key role in governance systems. Organizations must...
  • There is a need to establish an effective governance, risk, and compliance system as a fundamental requirement for a strong cybersecurity strategy, says a UAE official
  • Organizations must first establish a GRC system in order to achieve cybersecurity objectives and create a secure working environment, adds Mohammed Hamad Al-Kuwaiti

DEWA’s virtual employee ‘Rammas’ responds to over 6.8mn enquiries since 2017

DUBAI, UAE - Dubai Electricity and Water Authority’s ( ) virtual employee ‘Rammas’, which uses Artificial Intelligence (AI), answered over...
  • DEWA CEO said the firm launched Rammas as part of its strategy to employ AI in all its operations and services.
  • Rammas encourages the use of smart channels, reduces the number of visits to DEWA’s Customer Happiness Centers.

Scientists launch hub to channel quantum power for good

GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a...

Company News

Latest News

MBC IPO retail subscription begins

MBC Group runs a group of TV and radio channels.

Chinese mourners use AI to digitally resurrect the dead

Several companies specialising in so-called "ghost bots" have emerged in the United States in recent years. But the industry is...

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"...

Most Read

Google releases the top trending searches of the year in MENA

Dubai, UAE - Google on Monday released the top trending searches of 2023 for the Middle East and North Africa....
  • Saudi Arabia has been searching for football throughout the year, with many events and tournaments happening on-ground
  • In the news list in Egypt, the war in Palestine ranked first, followed by the devaluation of the Egyptian Pound

Cloud security challenges haunt firms in UAE and KSA

Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals...
  • Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals a latest study by Illumio.
  • Organizations have been advised to adopt robust security measures, including Zero Trust Segmentation, to protect against emerging cyber threats.

WhatsApp update allows posting status updates via Instagram

Washington, United States -- The instant messaging platform WhatsApp launched a new update that includes an optional feature that allows...
  • This feature will be available in a future update to the application through its beta program within the Google Play Store.
  • WhatsApp is also working on an improved posting feature to make it compatible with Instagram, scheduled for a future release, QNA reported.