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Tech & Media

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.

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.

MENA ups cybersecurity ante to combat GenAI risks

With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are...
  • With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are investing heavily to safeguard their futures.
  • A surge is seen in security and risk management spending, highlighting critical need for robust cybersecurity measures and a proactive approach to manage digital risks.

Saudi media ministry and Google join forces for digital transformation

Riyadh, Saudi Arabia - Saudi Ministry of Media and Google have joined forces in a strategic collaboration aimed at driving...
  • The collaborative effort intends to introduce specialized programs to enhance the skills of local media professionals, journalists, and content creators
  • The partnership seeks to share global best practices in the media sector, with a particular emphasis on leveraging artificial intelligence tools, especially within newsrooms

MENA print media revenues fell 30% from 2018 to 2022: survey

The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...
  • The analysis also forecasts a compound annual growth rate (CAGR) of -4% up to 2027, which could cause total MENA revenues to fall even further to US$1.2 billion
  • The figures also show that while digital advertising revenues are slowly increasing at a rate of 1% per year, print advertising revenues are set to slump by 11.3% by 2027

Starlink satellites approved for use in Israel and Gaza

Access to reliable, high-speed internet will "enable potentially life-saving medical consultations via real-time video calling," UAE Foreign Ministry spokesperson Afra...
  • Under the deal, Starlink will support internet access at an Emirati-run field hospital in Rafah, with further expansion in the besieged territory subject to Israeli approval
  • Starlink low latency high speed connections will enable video conferencing with other hospitals and real-time remote diagnostics," Israeli Minister of Communications said

Flood of ‘junk’: How Artificial Intelligence is changing scientific publishing

Paris, France - An infographic of a rat with a preposterously large penis. Another showing human legs with way too many...

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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...

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...

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...

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Cyber insurance shapes the future of cybersecurity

Cyber insurance, particularly around ransomware, is moving towards a world where insured businesses have strong cyber resilience, well-defined disaster recovery...
  • Rising cyber-attack and ransomware effectiveness boosts demand for cyber insurance, leading to increased premiums and stricter coverage rules amid impact on businesses.
  • Business risks have evolved from physical to digital, propelling cyber insurance toward a predicted $84.62 billion industry by 2030, highlighting the sector's rapid growth.

Potential investors value Telegram at $30bn, says co-founder Pavel Durov

MOSCOW, RUSSIA – The Telegram is valued by potential investors at more than US$30 billion, the co-founder of the social...
  • The US$30 billion valuation was made by global technology funds in particular, Durov said.
  • The Telegram will consider the sale of a portion of shares to its standing users, the businessman added.

Abu Dhabi launches technology investment company MGX

ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of MGX, a...
  • Mubadala and G42 will serve as foundational partners in the creation of the new company.
  • MGX will invest to accelerate the development and adoption of AI and advanced technologies.