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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.

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

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

Israel says government sites targeted by hack

A largest-ever cyber attack launched against Israel but yet not clear that who carried out the hack.
  • A largest-ever cyber attack launched against Israel but yet not clear that who carried out the hack
  • NetBlocks confirmed on Monday that government network of Israel was "unreachable internationally"

Social media poses ‘existential threat’ to traditional, trustworthy news: UNESCO

The business model of the news media is ‘broken’ and with it, our fundamental right to information is at risk,...
  • The UNESCO analysed media development trends from 2016 to 2021 and found that global newspaper advertising revenue has fallen by half during the five year period
  • The report indicates that news outlets often struggle to get clicks from readers that determine advertising revenue, and many find themselves “squeezed out”

Facebook allows calls for violence against ‘Russian invaders’

Facebook has temporarily eased its policy on violent speech after Moscow's invasion of Ukraine, allowing statements like "death to Russian...
  • Besides unprecedented sanctions, Russia's invasion of Ukraine has also led to a surge of online anger and debates.
  • The policy decision from Facebook and Instagram's parent Meta was met immediately with controversy, but the social media giant defended its change.

World’s first robot citizen Sophia to attend Dubai audit conference

The humanoid robot Sophia, the world's first robot citizen, will arrive in Dubai on Tuesday, March 8, to participate in...
  • Sophia will attend largest smart conference for internal auditors, the 20th Annual Regional Audit Conference from March 7- 9.
  • Sophia became the world's first robot citizen after Saudi Arabia granted her citizenship in October 2017.

Dubai leads region in innovation, fintech

The emirate, which boasts a thriving community of startup incubators and accelerators, tops the list for foreign direct investment and...
  • Dubai is developing an environment that encourages firms from all industries to innovate.
  • The city has been able to leverage its strengths as a world-class city to attract global blockchain entrepreneurs.

Diginomics helps revive region’s consumer confidence

It is becoming incredibly important for organisations, brands and brand owners to prioritise the refinement of their products and services....
  • Armed with AI algorithms, tech startups, direct-to-consumer players, fintechs, edtechs, regional economies are becoming more digitally resilient
  • It is becoming incredibly important for organisations, brands and brand owners to automate processes that are otherwise time consuming

Dubai International Financial Center launches AI, UAE’s first coding license

Companies holding the license will be able to work within a stimulating environment at the DIFC Innovation Hub.
  • The license is expected to advance the country's Artificial Intelligence Strategy 2031.
  • The license provides an opportunity to obtain the UAE Golden Visas for employees.

MENA ups cybersecurity ante to combat GenAI risks

With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are...

Company News

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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...

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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