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SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

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

Social media dominate popular websites in region

Globally, the top three websites -- Google, Youtube and Facebook -- woo more than 152 billion visits monthly, outpacing the...
  • Beside Google, Youtube and Facebook, there are a few other online giants who have unmatched dominance in the cyberworld.
  • Together, the top three websites woo more than 152 billion visits monthly, outpacing the next 47 websites combined

Saudi defense company AEC to display modern technology at LEAP

The Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) company, will participate in LEAP technology conference, a global...
  • AEC will display a complete range of solutions, systems, and products, including its flagship cybersecurity technology Data Diode.
  • The conference is organized by the Saudi Ministry of Communications and Information Technology.

Strengthen emotional security to thwart cyberattacks

While love, loneliness, and excitement are easily exploitable emotions, any factor impacting someone’s emotional state can make them a target....

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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 to contribute in enhancing low-emissions development

BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development.UN Climate Change’s Initiative on Artificial...

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...

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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.

Hamriyah Freezone Authority, Amazon UAE ink pact for logistics center

SHARJAH, UAE - Hamriyah Freezone Authority (HFZA) and Amazon UAE have signed a lease agreement for a new logistics center...
  • Once launched, the new center will enable a seamless delivery experience across the Northern Emirates.
  • HFZA’s location and over 20 years of Amazon’s technology and operational expertise will enhance convenience for customer orders.

Tech development must be ethical, inclusive: Scientist

Interdisciplinary discussions can help in guiding ethical tech development for the greater good, Karen Hallberg of Argentina's Bariloche Atomic Centre...
  • Interdisciplinary discussions can help in guiding ethical tech development for the greater good, Karen Hallberg of Argentina's Bariloche Atomic Centre tells TRENDS.
  • Hallberg highlights the technological divide between the Global North and South, emphasizing the urgency for regulations and diverse voices in tech dialogues.