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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.

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.

Forward-looking UAE museum looks into the future

The Museum of the Future along Dubai's main highway has been touted as the 'world's most beautiful building'.
  • Its organizers have said the visitors will be taken “on a journey of the year 2071”.
  • Many believe the Museum of the Future is UAE’s one more attempt to boost its soft power as a trading and tourism hub and to diversify its economy away from oil.

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.

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...

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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