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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Borsa Istanbul to provide consultancy services to Abu Dhabi Securities Exchange

The MoU is the latest in a series of strategic partnership agreements signed by ADX as part of its strategy...
  • The agreement was signed during the visit of the President Recep Tayyip Erdoğan of Turkey, to the UAE on Feb 15.
  • Borsa Istanbul will also provide consultancy service to ADX in the establishment of systems, integration, updating the platform.

KSA eyes big role in Fourth Industrial Revolution

Saudi Arabia plans an Industrial Fund to assist investors in the sector shifting to 4IR technologies with the help of...
  • Saudi Arabia's advanced digital government, according to an official report, will help the country's in speeding up the implementation of 4IR strategy
  • The 4IR strategy aims to support the localization of new and advanced industries in the kingdom and also boost competitiveness of the existing industries

Growing cyber threat demands a united response

A 2021 report by McAfee estimates the monetary loss from cybercrime globally to be approximately $945 billion. When you add...
  • The dollar cost to organizations of all types due to cyber threat is staggering. It is estimated that the average cost of remediation in 2021 was $517,961 in the UAE
  • The monetary loss from cybercrimes globally is put at $945 billion. When you add to this the global cost of cybersecurity products, it touches $1trn annually

Smart Madinah Forum 2022 kicks off

The forum aims at discussing concepts of smart cities and their relations to improving the quality of life.
  • The forum aims at discussing concepts of smart cities and their relations to improving the quality of life
  • It is also a platform to discuss the role of innovation in enhancing sustainable development and getting acquainted with tools of civil innovation

Saudi Telecom Company signs over 15 pacts at LEAP22

The Saudi Telecom Company (STC) has signed fifteen agreements with major international companies, including Microsoft, Huawei, Ericsson, and Cisco, in...
  • The company has already announced an initiative to establish a $1billion main digital center “MEAN Hub” for the Middle East and North Africa
  • The company also announced an initiative to establish a factory to localize data centers in the Kingdom, in partnership with Huawei

Facebook looks for answers as user numbers fall

Founder Mark Zuckerburg has told investors that people have a lot of choices for how they want to spend their...
  • The company has been battling regulatory issues, negative headlines around bullying and disinformation.
  • It lost one million daily users in the last quarter of last year but still has almost 1.9 billion, figures that dwarf every other platform.

At least a year for permanent solution on 5G: US air regulator

Federal Aviation Administration (FAA) chief Steve Dickson, said the agency will "continue to shrink the problem" in the coming months.
  • Federal Aviation Administration (FAA) chief Steve Dickson, said the agency will "continue to shrink the problem" in the coming months
  • Dickson appeared at a congressional hearing focused on the implementation of 5G service in the United States

Saudi connectivity takes off with five times faster Wi-Fi-6e

The Communications and Information Technology Commission (CITC), Saudi Arabia’s digital regulator, has announced the launch of WiFi-6e as part of...
  • The latest generation of Wi-Fi technology offers data transfer speeds more than five times faster than the current standard
  • It provides more capacity for high-bandwidth activities such as 8k gaming, video conferencing and virtual reality applications

Saudi Arabia sees $6.4bn tech investment at LEAP

The fresh investments are said to be in line with Vision 2030, which aims to diversify the economy of Saudi...
  • Investment deals totaling more than $6.4 billion were announced at LEAP 2022 in Riyadh
  • Saudi Aramco Ventures launched a $1-billion investment fund called Prosperity 7 to help revolutionary startups

Low-code, no-code tools decode GCC’s digital gains

The growth of low-code tools, heightened by digital transformation, is expected to bring about general employee upskilling across several industries...
  • Businesses adopt many tools when they are going through a digital transformation
  • They are often categorized as low-code or no-code, depending on how much programming they need

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...

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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.

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...

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,...

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Elon Musk’s xAI to release first AI model to ‘select group’

WASHINGTON, US - Elon Musk said his new artificial intelligence company would release a new AI model on Saturday to a...
  • The release would be the first from Musk's new startup, xAI, that he launched in July after hiring several researchers.
  • Musk compared AI to "a magic genie" that gives you any wishes you want, warning that such fairy tales rarely end well.

stc, Microsoft to collaborate

The aim is to advance digitalization in Saudi Arabia.
  • The two firms will jointly develop and deploy cutting-edge solutions that will transform and empower organizations across various industries.
  • The collaboration between the organizations aims to enable stc’s subsidiaries to explore new markets, develop disruptive business models.

Political and tech leaders tackle AI safety at inaugural summit

London, United Kingdom – UK Prime Minister Rishi Sunak on Thursday hosts political and tech leaders at the inaugural global...
  • The United Kingdom, the United States, the European Union and China have agreed to cooperate to ensure the safe use and deployment of AI technologies.
  • The summit identified an agenda of three key points: identifying risks, building risk-based policies in different countries.