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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.

WEF24: Understanding regional nuances key to success

Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.

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 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

Starlink satellites approved for use in Israel and Gaza

Access to reliable, high-speed internet will "enable potentially life-saving medical consultations via real-time video calling," UAE Foreign Ministry spokesperson Afra...

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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...

stc, Microsoft to collaborate

The aim is to advance digitalization in Saudi Arabia.

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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.

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.