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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

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.

Bahrain first to receive newest Lockheed Martin F-16 simulators

Bahrain will receive F-16 simulators produced by Lockheed Martin to train pilots for national defense missions under a new agreement,...
  • Bahrain was the first country in the Gulf region to acquire the F-16 and the first in the world to procure the advanced F-16 Block 70.
  • To date, more than 4,500 F-16s have been produced, with approximately 3,000 F-16s operating today in 25 countries.

World’s first hydrogen-powered flying boat, ‘THE JET,’ set to launch in Dubai

Swiss based start-up THE JET ZeroEmission announced that it has inked an agreement with Zenith Marine Services LLC, a UAE...
  • ‘THE JET’ features cutting-edge characteristics and technologies, making it capable of flying in silence over the waters at a cruising speed of 40 knots
  • The flying boat’s cutting-edge fuel cell technology will be delivered in Dubai for a historic inaugural flight, during the next COP28 UAE preparatory meetings

5G fears: US airports land into trouble

In the United States, the 5G usage near airports have been opposed by many airlines, which claim that it may...
  • Canada adopts C-band technology, same as the US, but typically restricts hazardous signals near airports.
  • Several Arab countries have already embraced 5G, and others will follow once they reap the financial benefits of selling licenses to telecom companies.

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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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...

Al Ghurair to use Oracle solution

This will help HR teams improve business operations.

Blockchain enhances efficiency, security in aviation

Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.

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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 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

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...
  • UN Climate Change’s Initiative on Artificial Intelligence for Climate Action explores the role of AI as a tool for climate action in developing countries.
  • It aims to deliver results both on policy and implementation, under the first joint work program of UN Climate Change’s Technology Mechanism.

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.