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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.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

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

Jordan approves draft of personal data protection law

The draft law aims to create a legal framework that strikes a balance between individuals’ rights to protect their personal...
  • The draft law aims to create a legal framework that strikes a balance between individuals’ rights to protect their personal data, and allowing data to be processed
  • The draft also seeks to build an enabling environment to ensure the safety of cyberspace, and to define obligations on the person responsible for personal data

Palestinians raise alarm over Facebook content ‘suppression’

Allegations of pro-Israeli bias at Facebook were renewed in October when Human Rights Watch said the platform had "suppressed content...
  • Allegations of pro-Israeli bias at Facebook were renewed in October when Human Rights Watch said the platform had "suppressed content posted by Palestinians
  • A spokesperson for Facebook's parent company Meta said its policies "were designed to give everyone a voice while keeping them safe on our apps"

‘Robot chef’ makes steaks at Israel restaurant

The "robot chef", which is the size of a large oven, can make three different steaks simultaneously -- though a...
  • It mixes ingredients including beans, potatoes and chickpeas to create a texture that resembles that of real meat, says CEO of an Israeli startup.
  • Around five percent of Israelis say they are vegan and the market for meat alternatives is on the rise.

Tech 2022 trends: Meatless meat, Web 3.0, Big Tech battles

Meat alternatives have become common in an increasing number of US households, thanks in part to Beyond Meat and Impossible...
  • Meat alternatives have become common in an increasing number of US households, thanks in part to Beyond Meat and Impossible Food plant-based products
  • In Web 3.0, "users, creators and developers would have stakes and votes" in a platform in much the way a cooperative works

Omicron cloud intensifies over Consumer Electronics Show

Google, Lenovo, and Intel are the latest global tech companies to bow out of the January 2022 Consumer Electronics Show...
  • The popular four-day conference, which had planned for a grand return, is still scheduled to start January 5
  • But this week Facebook parent company Meta, Amazon, T-Mobile, and Twitter canceled their appearances

Masses gearing up as NFTs enter video games

Non-fungible tokens are digital items whose certificates of authenticity and ownership are registered on blockchains, the technology behind cryptocurrencies.
  • From art to fashion, the creative industries have been quick to experiment with this innovation
  • NFTs, meanwhile, have sparked excitement and skepticism alike in the tech sector

How do NFTs work? Here’s a peek

An NFT by digital artist Beeple was auctioned at Christie's in March for $69.3 million in March this year.
  • Non-Fungible Tokens or NFTs are digital items that can be bought and sold using this blockchain technology
  • However, they are not fungible, meaning an NFT cannot be exchanged for another NFT

Strengthen emotional security to thwart cyberattacks

While love, loneliness, and excitement are easily exploitable emotions, any factor impacting someone’s emotional state can make them a target....

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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.

Most Read

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.