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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

‘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

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.

Concern rises as new Turkish media law squeezes dissent

Press advocates say the new law could allow authorities to shut down the internet, preventing the public from hearing about...
  • The law, passed in parliament in October, could see reporters and social media users jailed for up to three years for spreading what is branded "fake news
  • Erdogan himself has a social media account and urged his supporters to rally through Twitter after surviving a coup attempt in 2016

Hackers dump Australian health data online, declare ‘case closed’

In November the hackers demanded health insurer Medibank pay US$9.7 million to keep the records off the internet -- or...
  • Medibank refused to pay at the urging of the federal government, which at the height of the crisis considered making it illegal for hacked companies to hand over ransoms
  • Australian Federal Police Commissioner Reece Kershaw said in November the hackers were believed to be a group of "loosely affiliated cyber criminals" who were based in Russia

Global Data Dialogue summit in Dubai to discuss AI, public policy, media

The summit will bring together data leaders, high-level government officials, entrepreneurs, technologists, scientists and journalists to engage in dialogue on...
  • The summit will bring together data leaders, high-level government officials, technologists, scientists and journalists to engage in dialogue on making data a global good
  • Participants will be provided opportunities to network, and participate in plenary sessions, flash talks and a fact-checking workshop

NEXT50 unveils platform for firms to maximize their business values

Abu Dhabi, UAE -- NEXT50 today launched PLATFORM50, a one-stop-shop solution for organizations to maximize business value and address tomorrow’s...
  • PLATFORM50 is designed to support organizations as they accelerate the adoption of AI, advanced analytics-based solutions, and automation.
  • AI is set to contribute up to $15.7 trillion to the global economy in 2030 and $320 billion to the Middle East alone.

ADDED digitally links freezones in Abu Dhabi

ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has completed the e-link project with four freezones...
  • The e-link with freezones helps in providing info and data of the beneficial owner of economic establishments in line with laws and regulations in the UAE.
  • They will enhance the country status in following highest level of international standards of transparency and governance.

Abu Dhabi launches smart manufacturing index

ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has launched the 'Abu Dhabi Smart Manufacturing Index',...
  • The Index empowers manufacturers with the necessary knowledge and training to initiate an Industry 4.0 transformation journey.
  • It breaks down sophisticated concepts into six building blocks to provide a clear and easy-to-follow roadmap.

Abu Dhabi launches association to promote blockchain in region in line with TOP CEO Conference call in May

The Middle East, Africa and Asia Crypto and Blockchain Association aims to bring industry players together to discuss strategies and...
  • The Middle East, Africa and Asia Crypto and Blockchain Association aims to bring industry players together to discuss strategies and address the challenges faced by the sector
  • Experts at the TOP CEO Conference and Awards held in May 2022 had called for entities such as MEAACBA to inform the masses and develop an ecosystem for blockchain and cryptos

SoftBank Q2 net profit at $21.4b

Firm's reduction of stake in Alibaba partly helped.
  • Falling share prices for many of its tech start-up ventures continue to hurt the company's balance sheet.
  • The investment behemoth has made huge bets to find and grow new tech companies around the world - making its earnings vulnerable to fickle market forces.

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...

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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...

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...

Tech titan Microsoft wins observer seat at OpenAI

SAN FRANCISCO, US - Microsoft, the tech titan that has invested billions of dollars in ChatGPT creator OpenAI, has been given...

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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."

Sam Altman’s return ushers in new era at OpenAI

The five-day saga began on Friday, when Altman was abruptly sacked by the board for reasons that are still unclear....
  • The board that fired Altman from his role as CEO of the ChatGPT creator has been almost replaced following a rebellion by employees
  • The sole survivor in the boardroom in the new Altman era is Adam D'Angelo, the CEO of question-and-answer site Quora