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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

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 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

MENA print media revenues fell 30% from 2018 to 2022: survey

The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...

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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.