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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.

Saudi Broadcasting Authority signs agreements with global media firms

Riyadh, Saudi Arabia--- The Saudi Broadcasting Authority (SBA) and three international companies with expertise in the technological and media sectors...
  • The agreements were signed at the Future of Media Exhibition (FOMEX), which was hosted in Riyadh alongside the 22nd Arab Radio and TV Festival.
  • The Arab Radio and TV Festival was for the first time held outside Tunisia since its inception in 1981.

NEOM has a strict data and information security strategy: CEO

Eng. Al-Nasr called for developing new and innovative ways to confront escalation in cyber-attacks and address them quickly.
  • Eng. Al-Nasr called for developing new and innovative ways to confront escalation in cyber-attacks and address them quickly
  • He called for finding and providing technical security solutions that give access to the best possible safe environment for users of the futuristic city’s technologies

Hub71, Yahsat partner to support satellite operations tech

Hub71 and Yahsat are both supported by Mubadala investment company.
  • The two companies are supported by Mubadala investment company
  • Hub71 is now home to almost 200 startups working across 20 sectors

Restoring banned Twitter accounts may take some weeks: Elon Musk

Twitter users have been watching closely to see whether Musk will reinstate Trump, banned for inciting last year's attack on...
  • Since Musk takeover on Twitter, Trump has suggested that he would be sticking with his own Truth Social messaging platform rather than going back to Twitter.
  • The new Twitter boss said he had talked to civil society leaders about how Twitter will continue to combat hate and harassment and enforce its election integrity policies.

Nedaa, Nokia ink 5G deal in Dubai

5G network will help Nedaa provide better services.
  • With the introduction of 5G, Nedaa will be able to support enhanced services for public safety and management of vital operations.
  • The MoU sets a framework for upgrading the existing network capabilities and introducing agile and advanced services.

Lisbon Web Summit begins Tuesday, crypto specialists take prime spots

The conference attempts to bring together start-ups, investors, business leaders and agenda-broadening speakers –- linguist Noam Chomsky and heavyweight boxing...
  • More than 100,000 people are expected to gather in Lisbon for the four-day Web Summit, the first full-scale edition since 2019 following the disruption of the pandemic.
  • Conference organizer Paddy Cosgrave said there were "a lot of questions to be answered" about crypto, describing it as "largely smoke and mirrors".

Seeking ‘healthy’ debate, Musk nears Twitter deal finish line

New York, United States---Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable "healthy" debate...
  • The planned takeover has dismayed activists who fear a surge in harassment and misinformation under the unpredictable Musk, who himself is known for trolling other Twitter users.
  • But Musk said he realizes Twitter "cannot become a free-for-all hellscape where anything can be said with no consequences."

Trust in digital services increases across MENA region despite rising online security threats

MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the...
  • MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the COVID-19 pandemic
  • Increased interest and spending on technological infrastructure, especially artificial intelligence is in line with the global trend toward digitization

5.3 billion cell phones to become waste in 2022

Defunct cell phones are just the tip of the 44.48-million-ton iceberg of global electronic waste generated annually that isn't recycled.
  • Despite containing valuable gold, copper, silver, palladium and other recyclable components, these devices will be dumped or incinerated, causing environmental harm.
  • Studies show 46 percent of the 8,775 households surveyed considered potential future use as the main reason for hoarding small electrical and electronic equipment.

Debt financing in climate tech sector set to grow

In climate-related sectors, debt funding is becoming more prevalent outside of traditional project finance opportunities such as solar parks, wind...
  • The debt financing universe has evolved over the last decade in response to this phenomenon and debt is no longer just the preserve of large technology companies.
  • Lenders are increasingly active within the start up to unicorn universe alongside profitable software businesses. Also, lenders offer a wide range of hybrid financing solutions

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...

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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...

Ooredoo, QNBN sign agreement

The two companies will jointly develop Doha Port.

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...

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AI transforms office roles and enhances productivity

Artificial intelligence automates tasks and boosts capabilities, leading to transformative changes in job roles, productivity, and staff engagement dynamics.
  • Artificial intelligence automates tasks and boosts capabilities, leading to transformative changes in job roles, productivity, and staff engagement dynamics.
  • Chatbots and virtual assistants are set to enhance employee experience and workplace efficiency, while companies shift focus to outcome-based performance.

Internet out: India deploys shutdowns in name of security

New Delhi, India - With the world's largest biometric ID database, a pioneering digital payment system for daily transactions and a...
  • India, the world's largest democracy, with general elections due next year, is also a global leader in internet shutdowns, according to Access Now
  • "Of the 187 internet shutdowns it recorded worldwide last year, 84 were in India, the "most of any country for the fifth consecutive year", it said

Solutions+, EIH sign MoU

The pact will help in creating job opportunities in the UAE.
  • The pact outlines a strategic cooperation that contributes to supporting and developing closer ties between the two companies.
  • The agreement will help improve efficiency in Business Process Outsourcing, Digital Management and Facility Management.