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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.

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

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

AI entity is Board Observer in IHC

IHC is a pioneer in leveraging AI for decision-making.

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AI safety & innovation: Key focus of UAE-Spain tie-up

“I have been looking very carefully and intensely at the UAE’s strategy on AI, and it resonates a lot with...

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...

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stc, Microsoft to collaborate

The aim is to advance digitalization in Saudi Arabia.
  • The two firms will jointly develop and deploy cutting-edge solutions that will transform and empower organizations across various industries.
  • The collaboration between the organizations aims to enable stc’s subsidiaries to explore new markets, develop disruptive business models.

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.