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...
Economy
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...
Videos
UAE set to lead MENA metaverse
Firms in the region are now offering better participation, levels of cooperation and communication to their staff through productive workspaces...
- At its broadest, metaverse combines elements of social media, augmented reality, virtual reality, video games, cryptocurrencies and other advanced technologies.
- As the next big market opportunity, the metaverse could provide nearly US$800 billion in revenue by 2024, Bloomberg Intelligence estimates show.
Business
Islamic crypto gains currency in Muslim world
ISLAMICOIN, which adheres to strict Sharia audit, is one of the most popular digital currencies in the Islamic world, says...
- ISLAMICOIN follows recommendations issued by the Office of Crypto Halal for the supervision and Shari’a audit of the work of cryptocurrency markets
- Crypto Halal will keep checking ISLAMICOIN project every three months for compliance
Business
Meta to launch ‘metaverse academy’ in France
The school's goal in its first year will be to train for free around 100 students in two roles, specialist...
- Seen as the internet's next great technological development, the metaverse refers to an immersive digital world that aims to recreate real life via augmented or virtual reality.
- Located in the capital Paris and other cities including Lyon, Marseille and Nice, the metaverse academy will train 20 students per city each year.
Geostrategy
One third of humanity is still totally offline: UN report
The Global Connectivity Report 2022 argues that while easy, affordable access to fast broadband is near-ubiquitous in most rich-world nations,...
- The report advocates for putting 'universal and meaningful connectivity' at the center of global development.
- The cost of broadband subscriptions and digital devices remains a major barrier to connectivity, the report says.
Business
Emirates Steel Arkan, ADU to set up UAE’s first specialized metallurgy lab
Emirates Steel Arkan Group, the UAE’s largest listed steel and building materials company, has signed a Memorandum of Understanding (MoU)...
- The laboratory will contribute to enriching the educational experience in this discipline and conducting advanced studies and research in metallurgy.
- Emirates Steel Arkan Group will offer comprehensive scholarships to 20 undergraduate Emirati students covering the four-year study.
Videos
What Gulf netizens searched for in 2021?
Google's yearly report of top trending searches reveals the most popular keywords and topics across different categories, such as 'How...
- In 2021, the three top 'How to' searches were "How to help Afghan refugees", "How to help Texas" and "How to help India COVID".
- “TikTok pasta”, “Bacon jam” and “Birria tacos” were the three most searched recipes in 2021.
Science
Building confidence, security in ICT sector fetches Qatar key global award
Qatar participated in the forum as a golden strategic partner, where it reviewed its strategy in the field of digital...
- Qatar won the Ministry of Communications and Information Technology "Heroes" award
- Qatar's project outperformed 5 other projects that were submitted into the competition
Economy
To use rather than collect, the second coming of Non-Fungible Tokens
The non-fungible token (NFT) craze, just over a year old, has given the world works that have sold for millions...
- Tens of billions of dollars have been poured into digital assets market, while also provoking discussions about how they could be useful in the real world.
- Regardless, NFTs, in conjunction with growing interest in the metaverse and a decentralized vision for the internet's future, dubbed web3, are part of building wave of growth.
Science
Stay off social media to improve your mental health: Study
It’s no secret that too much social media can be bad for one’s mental health. Now, research suggests that taking...
- Staying off social media for a week meant, for some study participants, gaining about nine hours of free time, which improved their well-being, British researchers report.
- Those who took a break from social media had significant improvements in well-being, depression and anxiety, compared with those who continued to use social media, the study found.
Analysis
Metaverse: Opportunities vs challenges
New business models must be developed to take advantage of the metaverse's technology, says Fadi Kassatly, Partner, Enterprise Systems and...
- By 2026, about 25 percent of internet users would spend at least an hour a day in the metaverse and 30 percent of organizations would use it to distribute their products.
- Because of the metaverse, companies can now imagine new stakeholder engagements that include interactions and create value faster, realistically and with more significant impact.
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...
Economy
Company News
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Najm inks pact with iot squared
Business
Big tech firms have been fined billions, but not paid them
PARIS, FRANCE - Rarely a month goes by without big tech companies getting fined for price fixing, squashing competitors or misusing...
Business
AI, NLP transform business operations in Gulf region
AI and NLP are revolutionizing workplace efficiency by enabling employees to swiftly access essential information, thereby augmenting customer and personal...
Opinion
In shock move, OpenAI sacks ChatGPT star CEO Sam Altman
His dismissal caught the tech world by surprise, with rumors rife on social media as to the cause of the...
Business
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Business
US chip curbs disturb Chinese firms AI projects
Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts...
- E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions
- The curbs now target cloud computing to prevent Chinese companies from accessing powerful AI chips hosted elsewhere
Business
Focus shifts to societal impact and ethical use of AI
AI and data stakeholders will gather at Global Data Dialogue 2023 -- to be hosted in Dubai next week by...
- AI and data stakeholders will gather at Global Data Dialogue 2023 - to be hosted in Dubai next week by DataLEADS - to discuss AI's sector-wide transformative potential.
- Through engaging panel discussions, illuminating show-and-tell sessions, the summit endeavors to spark dialogues that will shape the trajectory of AI and and data science globally
Business
Siemens posts record profit
Its shares rose over 6 percent on the Frankfurt Stock Exchange.
- The company, whose businesses range from making trains to automating production processes, earned a net profit of $8.62 billion in 2022-2023.
- Sales, at $84.6 billion, rose 11 percent on the previous year while for 2024, the group expects revenue to grow in a range of between 4 and 8 percent.