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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Women in Tech Global and UN Women launch “Beyond Ceilings” campaign on women’s empowerment 

The "Beyond Ceilings" campaign urges people to confront and challenge the glass ceiling, and reminds the audience of the vast possibilities that await women once they overcome...

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...
  • The Italian Data Protection Authority said it was concerned over “the possible implications for the processing of personal data of users.”
  • The watchdog said OpenAI -- which also makes chatbot ChatGPT and the image-generating DALL-E -- has 20 days to provide information.

AI tools still permitting political disinfo creation, NGO warns

The success of ChatGPT, from Microsoft-backed OpenAI, has over the last year ushered in an age of popularity for generative...
  • The non-profit Center for Countering Digital Hate (CCDH) tested various AI models with directions to invent images
  • Using programs such as Midjourney, ChatGPT, DreamStudio and Image Creator, researchers found that "AI image tools generate election disinformation

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...
  • Quantum computing combines advances in scientific understanding of the subatomic world with leaps in information theory.
  • The first commercial quantum computers are still believed to be up to a decade away.

Facebook, Instagram services restored after widespread outages

More than half a million users across the globe reported issues earlier in the day, with many saying they were...
  • A Meta Spokesman said the issue was resolved for "everyone who was impacted"
  • Facebook is the world's largest social media platform with three billion active users

Australian media hits back as Facebook scraps news deals

Meta said on Friday it would scrap the Facebook News tab in Australia and would not renew deals with news...
  • News Corp Australasia executive chairman Michael Miller said Meta's decision put hundreds of jobs at risk and would expose Australians to more scams and misinformation
  • "Australia must not surrender its leadership in being a country that is prepared to stand up to tech giants," he said in comments to one of the company's newspapers

Apple’s changes contradicts European rules, 34 firms complain

Brussels, Belgium - Changes Apple is making to its services in the European Union "make a mockery" of new antitrust rules...
  • Companies have expressed doubts about how much Apple's changes would ultimately broaden consumer choice and digital competition.
  • Apple in January announced it was modifying how its iOS operating system, Safari browser and App Store operate in the 27-nation EU.

Web Summit: 24 MoUs signed between Qatari institutions and global tech firms

Doha, Qatar - Web Summit Qatar 2024, the world's largest tech events debut in the Middle East and Africa, ended...
  • The MoUs included the one between and the Web Summit whereby the former will sponsor the summit over the next four years
  • Over four days, the summit hosted 15,453 attendees from 118 countries, who witnessed the tech innovations, 10 percent of which came from Qatar

Facebook parent Meta to stop paying Australian news media

Meta had previously announced it would not renew content deals with news publishers in the United States, Britain, France and...
  • Extending a global retreat from news content, Meta said it would scrap the Facebook News tab in Australia
  • The decision had been on the cards, but will come as a hammer blow for Australian news outlets already struggling to stay afloat

UAE sets innovative media policy to propel the country onto global stage

DUBAI – Sheikh Abdulla bin Mohammed Al Hamed, Chairman of the UAE Media Council (UAEMC), has approved a comprehensive legislative...
  • The roadmap emphasizes the importance of aligning national efforts and creating partnerships to boost the UAE’s media sector.
  • It aims to develop a media industry that embraces global cultures, driven by innovation and youth leadership.

AI entity is Board Observer in IHC

IHC is a pioneer in leveraging AI for decision-making.
  • Aiden Insight is a virtual entity endowed with sophisticated AI capabilities, and is set to revolutionise the way IHC handles the global investment landscape.
  • This initiative by IHC is powered by AI capabilities of G42 in collaboration with Microsoft, setting a new benchmark for artificial intelligence development.

Maori-led AI initiative can revolutionize language preservation, says Peter-Lucas Jones

Davos, Switzerland -- Peter-Lucas Jones, a Kaitaia native, who has been listed in the prestigious Time100 AI 2024 List, was...

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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...

ESA, SAP ink agreement

ESA will consolidate operations under a single ERP solution

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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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.