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...
Business
Dubai Courts, Moro Hub ink pact to enhance cooperation in cyber security
DUBAI, UAE - Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital...
- Leveraging on Moro’s capabilities, the MoU will serve the society’s interest in providing a comprehensive legal framework to combat cybercrimes.
- The MoU will help in exchange of knowledge and leverage on expertise as per Dubai Courts mission of achieving precise and swift justice.
Business
TSMC begins making 3nm chips
TSMC operates the world's largest silicon wafer factories.
- TSMC is also Apple's primary chip supplier.
- Its 3nm-process chips are expected to have more processing power while using less power, boosting battery performance.
Business
Online identity remains key concern as Middle East and Africa rank third in digital trust, data security
Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while...
- Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while only 50% trust retailed in the region
- Govts must refine laws for mobile apps as most online transactions happen through them since buyers find it more convenient to look for products and services through phones
YEARBOOK 2023
Sustainable digital shift in GCC need of the hour
Sustainability remains key focus as the UAE and Saudi Arabia speed up digitalization, which has been the fundamental pillar of...
- Gartner expects that by 2025, 50 percent of chief information officers (CIOs) will have performance metrics tied to the sustainability of the IT organization.
- In the Arab Gulf, national economic visions aimed at alleviating petrochemical dependence have put renewable energy sources front and center.
Business
UAE announces inclusion of Creative Zone in NextGenFDI initiative
ABU DHABI, UAE - The Ministry of Economy has announced that Creative Zone, one of the UAE's largest consulting and...
- The NextGenFDI program, which was launched in July 2022, aims to attract digitally-advanced companies to the UAE.
- NextGenFDI includes fast business licensing, group visa issuance, fast access to banking facilities, as well as access to educational and cloud services.
Business
Facebook agrees to pay $725m to settle privacy suit
Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of...
- The settlement must be approved by a judge in the San Francisco division in the US District Court.
- The lawsuit was initiated in 2018, when Facebook users accused the social network of violating privacy rules by sharing their data with third parties.
YEARBOOK 2023
GCC cautious as more cyber attacks feared in 2023
Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success...
- Increased use of cloud-based apps and software has been observed in the GCC due to the businesses undergoing digital transformation
- Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success rates of phishing attempts
As AI rises, lawmakers try to catch up
Artificial Intelligence promoters reckon it is revolutionizing human experience, but critics stress that the technology risks putting machines in charge...
- Suresh Venkatasubramanian of Brown University, who co-authored the AI Bill of Rights, said trying to define AI was "a mug's game"
- Experts reckon no dedicated AI legislation is likely in the United States until 2024 at the earliest because Congress is deadlocked
‘UAE launching 4 products of advanced digital currencies in 2023’
The Advanced Technology Research Council, Faisal Al Bannai said, has 6 main research areas, including health, food, transportation and space...
- The Advanced Technology Research Council, Faisal Al Bannai said, has 6 main research areas, including health, food, transportation and space sector
- The council is one of three centres established to support and develop space capabilities and talents in cooperation with space agencies and strategic partners
Economy
Dubai Health Authority wins International Data Corporation award
DUBAI, UAE - The Dubai Health Authority recently won the 'Best in Future of Operations' category at the International Data...
- DHA was recognized as an entity that has successfully rethought the ways in which its operations are managed keeping digital transformation in mind.
- IDC hosted over 200 senior IT and business leaders from across the UAE for the IDC DX Forum 2022.
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...
Company News
Siemens posts record profit
Business
Latest News
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...
Business
Innovations, regulatory shifts make Bitcoin resilient
In 2023, the crypto market sees a surge in blockchain advancements, regulatory shifts, and a notable rebound in Bitcoin, signaling...
Business
Astra Tech to launch financial services powered by AI in 2024, says CEO
ABU DHABI, UAE - CEO and Co-Founder of Astra Tech Abdallah Abu-Sheikh said that the company will launch its first...
Business
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Business
58% of firms in Saudi Arabia plan to outsource cybersecurity
RIYADH, SAUDI ARABIA - Company bosses are boosting their cybersecurity following an alarming increase in cyberattacks, a new study commissioned...
- A survey gathered information about people who influence cybersecurity, looking at both internal staff, and external actors.
- The survey also analyzed levels and types of online safety company bosses believed warranted investment.
Business
Ooredoo, QNBN sign agreement
The two companies will jointly develop Doha Port.
- The agreement represents a strategic partnership and reflects a commitment to driving innovation to build a more connected Qatar.
- Qatar National Broadband Network was established to implement the highest global standards in evolving telecommunication infrastructure.
Israeli president tells Musk he has ‘huge role’ in anti-Semitism fight
The meeting came after the world's richest person visited a kibbutz community devastated in attacks by Hamas fighters on October...
- Earlier Monday, Netanyahu and Musk discussed "security aspects of artificial intelligence" with senior defense officials, the Prime Minister's Office said
- Netanyahu told Musk he hoped to resume normalization talks with Saudi Arabia after Hamas's defeat and "expand the circle of peace beyond anything imaginable."