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Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

MENA print media revenues fell 30% from 2018 to 2022: survey

The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...

Covid, digital transformation push GCC cloud growth

Businesses in the region are increasingly adopting cloud to protect their data, apps and infrastructure from fraudulent activities while supporting...
  • Cloud computing can generate $202 billion from various sectors in Saudi Arabia by 2030
  • Rapid cloud adoption can generate up to $600 bn in recurring value in the MENA region

Spending on quantum computing will surge to US$ 9.1 billion by 2030: report

Tractica LLC, a market intelligence firm, revealed that spending on quantum computing will surge from US$260 million in 2020, to...
  • Tractica LLC, a market intelligence firm, revealed that spending on quantum computing will surge from US$260 million in 2020, to US$9.1 billion by 2030
  • 90 percent of organisations will partner with consulting companies or full-stack providers to accelerate quantum computing innovation through 2023, according to Gartner

Dubai Municipality to tap into Metaverse gains in pursuit of futuristic goals

Dubai Municipality will work with private sector companies and investors to create a futuristic, human-centered version of the city that...
  • As the next big market opportunity, the metaverse could provide nearly US$800 billion in revenue by 2024, Bloomberg Intelligence estimates show.
  • The city would provide simulated time travel to historic moments, or immersive tours of landmark destinations, Dubai Municipality said.

Kaspersky now a ‘security threat’

The designation will restrict its dealings in the United States.
  • The US Federal Communications Commission has added Kaspersky to a threat list
  • This effectively blocks the firm from being paid with certain US government subsidies

Metaverse set to transform banking in GCC

Regional players eye big share as Metaverse is expected to become a US$800 billion market. Some analysts believe it will...
  • Metaverse is expected to become a US$800 billion market -although some analysts think it will reach $30 trillion
  • The use of Metaverse in banking may lead to the emergence of fully digital bank branches, reducing or even eliminating the need for physical ones

Digital Dubai and Dubai Police to collaborate on cybersecurity

Digital Dubai and Dubai Police will strengthen their partnership and collaborate towards achieving strategic goals in cybersecurity.
  • The two parties have signed a Memorandum of Understanding (MoU) regarding the same
  • The MoU adds to the existing partnership between government entities entrusted with cybersecurity issues

How European rulings imperil flagship Google product

Lax laws and sweetheart deals are becoming a thing of the past for big tech firms, particularly in Europe where...
  • More than half of the world's websites use Google Analytics to help their owners understand the behaviour of users
  • Regulators in several countries agree with activists and have ruled Google Analytics incompatible with European data privacy regulation

UAE to boost cybersecurity ecosystem in cooperation with Huawei

The parties will jointly establish a Cybersecurity Center of Excellence to deliver talent training that addresses the cybersecurity capacity-building needs.
  • Both parties have agreed to work together in building visibility and promoting thought leadership in the area of cybersecurity.
  • They will also cooperate in the field of cybersecurity research and development through an independent think tank that both parties will establish.

Investments key to improve region’s telecom services

There is so much more the industry can explore through digital engagement, including digitizing products and services, gamifying experiences, creating...
  • In today's digital economy, personalized experiences have become a prerequisite for companies wanting to achieve bigger gains
  • The pandemic has proved that more customers place quality networks and services above the pricing amount while making purchasing decisions

Skills gap challenge for GCC digitization, says du CEO

GCC companies should work closely with digital and software companies to expedite digital transformation, says Fahad Al Hassawi, CEO of...
  • du is the second largest telecom service provider in the UAE, and its 2021 revenues grew by 5.4% to $3.19 billion
  • Agility will be key to the telecommunications industry and requires telecom operators to look beyond connectivity, says al Hassawi

MENA print media revenues fell 30% from 2018 to 2022: survey

The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...

Company News

Latest News

Siemens posts record profit

Its shares rose over 6 percent on the Frankfurt Stock Exchange.

Apple to allow applications to be downloaded outside app store

Washington, United States - The American company Apple intends to provide the possibility of downloading applications from outside its official...

Global Media Congress opportunity for showcasing AI advances: Expert

Abu Dhabi, UAE -- Rapid advances in AI technologies have created a major challenge for the media sector: the difficulty...

Most Read

Blockchain enhances efficiency, security in aviation

Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.
  • Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.
  • Blockchain technology is revolutionizing aviation with enhanced transparency, security, and operational efficiency, promising significant cost savings, says Aerobloc's founder.

AI safety & innovation: Key focus of UAE-Spain tie-up

“I have been looking very carefully and intensely at the UAE’s strategy on AI, and it resonates a lot with...
  • UAE's artificial intelligence strategy is driving economic growth and establishing it as a global talent hub.
  • Collaboration between Spain and ADIA Lab in Abu Dhabi focuses on knowledge and talent exchange.

81% UAE companies plan to use AI for cybersecurity

AI has emerged as a transformative force in various sectors, revolutionizing how businesses operate, make decisions, and secure their assets,...
  • AI has emerged as a transformative force in various sectors, revolutionizing how businesses operate, make decisions, and secure their assets
  • The research has found that 94% of UAE respondents understand the potential cyber risks, and 89% feel their organization is cyber-ready