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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.

Israel’s AI-enabled tech usage in Gaza sparks new fears

New defense technologies including artificial intelligence-powered gunsights and robotic drones form a bright spot in an otherwise dire period for...

Indonesian student’s selfies fetch $1m in NFT sales

Sultan Al Ghozali, a computer science student at a university, has taken a picture of himself sitting in front of...
  • He intended to use the collection of nearly 1,000 selfies to create a timelapse video for his graduation day.
  • After learning about blockchain technology, the 22-year-old decided to upload the photos to NFT trading platform OpenSea under the title "Ghozali Everyday"

GCC at risk from cyber criminals in 2022

Companies are hemorrhaging millions of dollars to ongoing ransomware raids, with threat actors further weaponizing the attacks.
  • Ransomware attacks on high-profile organizations grabbed headlines throughout 2021
  • Cybersecurity experts believe this criminal enterprise will reach new heights in 2022

CES show highlights: Robo-dogs, self-sailing boat, brain tech

The CES tech show in Las Vegas closed its 2022 edition on Friday, after pushing ahead with a significantly downsized...
  • French startup Wisear is working on technology that detects the signals that zip between the brain and certain muscles, in order to use them to operate connected devices
  • The Boston Dynamics robot dogs -- the ones compared to the killer four-legged bot in a dystopian "Black Mirror" episode -- are back and this time they are going to the metaverse

France hits Google, Facebook with huge fines over ‘cookies’

Cookies are little packets of data that are set up on a user's computer when they visit a website, allowing...
  • Cookies are little packets of data that are set up on a user's computer when they visit a website, allowing web browsers to save information about their session
  • They are highly valuable for Google and Facebook as ways to personalise advertising -- their primary source of revenue.

What cyberthreats can Middle East expect in 2022?

Cyberattacks in the Middle East hit record levels in 2021. Reports suggest that malware, distributed denial of service (DDOS) attacks,...
  • Malware, DDOS attacks, ransomware, grew by double digits in 2021
  • Vulnerabilities in network devices and 5G, and advanced ransomware attacks will be major concerns

Space business takes centerstage as CES tech show begins

The display of technology like the life-size model Dream Chaser ship at the CES tech show is a sharp signal...
  • Companies have proposed a series of ideas which until recently sounded like long shots, such as asteroid mining
  • They have also suggested less far-fetched biomedical applications or production of some types of technology

Apple hits $3trn valuation

It has become the first US company to reach that valuation.
  • The iPhone-maker scaled the record level near 1845 GMT on Monday, January 3
  • It reached $182.88 a share before slipping back slightly to end at $182.01

CES prepares to draw tech crowd despite Covid-19 surge

Multiple companies — including Amazon, BMW, and Microsoft — reduced or canceled their attendance as Covid-19 case numbers broke records,...
  • The 2022 show was meant to be the triumphant return of an event that hosted some 170,000 people and more than 4,500 exhibitors
  • Last year's event was online-only, with organizers saying it was ‘not possible to safely convene tens of thousands of people in Las Vegas’

GCC countries competing to lead the world in AI

Several countries in the region have already formed AI policies to support their national goals after this technology demonstrated its...
  • The Middle East AI market is growing at a rate of 20-34 percent per year, according to a PwC report
  • Saudi Arabia is lavishing $500 billion on the NEOM’s project, which will offer ultra-connectivity, and is trialing air-taxis

US further delays 5G rollout to study impact on aircraft safety

US authorities have asked telecom operators AT&T and Verizon to delay their 5G rollout for up to two weeks. The...
  • The US rollout of the high-speed mobile broadband technology had been set for December 5
  • However, it was delayed to January 5 after Airbus and Boeing raised concerns about potential interference with altitude devices

Israel’s AI-enabled tech usage in Gaza sparks new fears

New defense technologies including artificial intelligence-powered gunsights and robotic drones form a bright spot in an otherwise dire period for...

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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...

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...

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.

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RCU inks pact with Artefact, Dassault Systèmes for AI, digital solutions

ALULA, SAUDI ARABIA –   The Royal Commission for AlUla (RCU) has reinforced its commitment to technology innovation and cutting-edge digital...
  • The pacts are focused on the seamless integration of the latest and emerging digital products within AlUla's maturing technology eco-system.
  • The agreement will cover pivotal areas of development, from AI consulting and transformation to establishing a dedicated school of data & AI.

Nedaa, Dubai Customs ink MoU

MoU to enhance digital solutions for efficiency.
  • The MoU will help to integrate efforts and exchange experiences to improve the level of services provided to various groups and segments of society.
  • The two parties will focus on developing an operational mechanism aimed at ensuring a reliable and effective communication network for Dubai Customs,

Modon inks 2 MoUs with Saudi Exports, Local Content Authority

RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding...
  • The MoU with the development authority entails exchange of expertise in industrial cities management and provision of logistic services and solutions.
  • Modon’s MoU with LCGPA aims to achieve integration of local content in industrial cities, exchange experience and practices in institutional innovation.