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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.

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 and Amazon subsidiary to create cloud-based medical record system

The UAE's Ministry of Health and Prevention (MoHAP) has signed a memorandum of understanding (MoU) with Amazon Web Services (AWS),...
  • The signing came on the sidelines of MoHAP's participation at Arab Health 2020 that is being held in Dubai.
  • The project will implement the best means of strategic planning and decision-making, based on databases that help evaluate and measure the performance of health services.

US lawsuit could turn global headache for Google

If the search giant loses this lawsuit, it could have to pay back a significant portion of the revenue it...
  • Google stands accused of misleading people into believing that changing device and account settings protects people’s personal data
  • District of Columbia Attorney-General Karl A Racine said Google has since 2014 ‘systematically surveilled’ users no matter the settings

UAE leads GCC in ICT investments, spending

The Gulf region stays strong both regionally and globally in terms of the number of internet users and the populations...
  • The United Arab Emirates came out on top with 5.43 points in the GCC ICT Use Index for 2021, followed by Kuwait and Saudi Arabia.
  • Saudi Arabia's ICT spending is set to reach $30.9 bn, and public sector spending will reach approximately $3 bn by the end of 2022.

Israel probes alleged police cyber-spying on citizens

Pegasus, a surveillance product made by the Israeli firm NSO that can turn a mobile phone into a pocket spying...
  • In a letter sent to police commander Koby Shabtai, Attorney-General Avichai Mandelblit asked to receive all wiretapping and computer spying orders from 2020 and 2021
  • The Israeli business daily Calcalist reported Thursday that Israeli police used Pegasus software to spy on an Israeli they considered a potential threat

Online learning booms in GCC during pandemic

"While online learning is a supplement to a broader educational experience, course enrollment statistics strongly imply that it is a...
  • Online education is a valuable addition to a greater educational experience for many, especially busy professionals
  • The number of educational providers will expand, as will student adoption of more flexible options

Salem AlMarri promoted as Director of Mohammed Bin Rashid Space Centre

Salem Humaid AlMarri, Deputy Director General of Mohammed Bin Rashid Space Centre (MBRSC), has been promoted as the Director General...
  • The decision was issued by Dubai Crown Prince and President of the Mohammed Bin Rashid Space Centre, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
  • With over 15 years of experience, AlMarri has been responsible for ensuring the success of various programs within the UAE National Space Program.

Rabat: ‘MoroccoTech’ brand to promote digital sector

MoroccoTech aims to position the country as a digital destination of choice internationally.
  • MoroccoTech aims to position the country as a digital destination of choice internationally
  • The initiative is intended to promote Morocco as a producer of premium technologies and an investment destination

solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.

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stc, Microsoft to collaborate

The aim is to advance digitalization in Saudi Arabia.

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...

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...

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AI revolutionizes real estate across GCC countries

Cities like Dubai and Riyadh are harnessing AI to redefine every facet of property dealings, from development to management, Tripler...
  • Cities like Dubai and Riyadh are harnessing AI to redefine every facet of property dealings, from development to management, Tripler CEO Sam Singh tells TRENDS.
  • AI helps tenants find perfect homes, introducing dynamic pricing based on various factors, while data privacy concerns persist in its real estate integration, he adds.

Robot maker dreams of turning sci-fi into reality

Ryo Yoshida's monster-sized drivable robot is hard to park and the $3-million price tag will crush most wallets.
  • An imposing 14.7 feet high and weighing 7,716 pounds, "Archax" can be moved and operated by a pilot who clambers up to the high-tech cockpit.
  • When manoeuvered in the vehicle mode, "Archax" is capable of moving at 10 kilometers (six miles) per hour, according to the company.

Error-prone AI chatbot dog leads Japan’s elderly astray

Tokyo, Japan - A cartoon canine AI chatbot designed to cheer up and inform lonely older residents of western Japan is...
  • Powered by generative artificial intelligence, "Dai-chan" was this year launched by Osaka authorities who called it the first of its kind in Japan
  • But the chatbot, which features a Shiba Inu cartoon dog and answers in the Osaka dialect, has shown itself far from faithful to the truth