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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

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

Trio win physics Nobel for quantum mechanics work

Their discoveries in the field of quantum mechanics have paved the way for quantum computers, networks and secure encrypted communication.
  • Alain Aspect (France), John Clauser (US) and Austria's Anton Zeilinger were honored "for experiments with entangled photons, establishing the violation of Bell inequalities".
  • The Nobel season continues this week with the announcement of the winners of the Chemistry Prize on Wednesday, followed by the much-anticipated prizes for Literature on Thursday.

UAE’s latest bet on tech: a ministry in the metaverse

In a project launched at Dubai's gleaming Museum of the Future, it announced that the UAE's economy ministry was setting...
  • Representatives of tech giants mingled with entrepreneurs exploring the potential of the metaverse, a network of digital spaces intended as an extension of the physical world
  • The UAE has already introduced a law governing virtual assets and a regulatory body for cryptocurrencies while welcoming major crypto exchange platforms

Dubai Metaverse Assembly takes delegates to Mars

Participants were taken on an immersive space journey to a detailed metaverse city on the Red Planet.
  • Participants were taken on an immersive space journey to a detailed metaverse city on the Red Planet
  • Senior executives from major corporations also discussed topics such as the relationship between the metaverse and gaming, retail, banking, and venture capital

Pie from the sky: drone delivery lands in America

Amazon founder Jeff Bezos who in 2013 unveiled a delivery drone in a CBS interview, predicting that within five years...
  • Flying shipments of pizzas and birthday gifts have still not become the norm that tech leaders predicted
  • Skeptics question whether drone drop-offs can ever work on a large scale, but backers argue they are safer

Saudi NDF to finance $89m program to boost games, esports

Riyadh, Saudi Arabia---Saudi Arabia's National Development Fund has announced a program to fund the games and electronic sports sector with...
  • The program will be launched by the end of this year in cooperation with Saudi Federation for Electronic Sports and the Ignite.
  • It aims to provide products and financing solutions through the development funds and banks affiliated with the Fund in partnership with private sector financial institutions.

Sixteen European news agencies launch joint Brussels newsroom

The 16 agencies -- dpa, AFP, AGERPRES, ANSA, APA, ATA, Belga, BTA, EFE, Europa Press, FENA, HINA, MIA, STA, Tanjug and...
  • The hope is that by working more as a network, the agencies' pooled resources will provide a deeper understanding of European news to readers in their home national markets.
  • Journalists from the smaller European agencies will share workspaces in Belga's Brussels headquarters and offices near EU headquarters, as well as training opportunities.

Saudi Arabia eyes partnerships to accelerate growth of digital economy

Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian...
  • Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian city of Bali
  • The meetings also discussed enhancing cooperation in the areas of digital economy growth, emerging technologies and the digital government

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...

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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.