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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.

Rise of GenAI boosts phishing threats during holidays

The sophistication of GenAI-driven phishing attacks requires robust security, including advanced DDoS protection and proactive cyber resilience strategies, says an...

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

Strategies to enhance Dubai’s security ecosystem reviewed

Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem.
  • Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem
  • Hamad Al Mansoori, Director General of Digital Dubai, said they are working to make the most of big data and tap its potential

Brands from Ferrari to Nike rush toward ‘metaverse’ future

The clamor over virtual goods comes amid feverish predictions that the metaverse -- a virtual reality version of the internet...
  • The clamor over virtual goods comes amid feverish predictions that the metaverse -- a virtual reality version of the internet -- will eventually replace the web of today
  • The metaverse is also a wealth of data, offering valuable insights into the perception of a product, even if it doesn't yet exist in the real world

UAE launch trials of autonomous taxis

The UAE last month approved a temporary license to test self driving taxis on the roads with safety officer sitting...
  • Bayanat started the trial of two electric and two hybrid taxis under the name TXAI
  • Dubai will launch 4,000 self driving taxis by 2030

AI game gains popularity during Chinese New Year festivities

SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...

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Error-prone AI chatbot dog leads Japan’s elderly astray

Tokyo, Japan - A cartoon canine AI chatbot designed to cheer up and inform lonely older residents of western Japan is...

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...

Nedaa, Dubai Customs ink MoU

MoU to enhance digital solutions for efficiency.

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Archer to launch its all-electric air taxi service across UAE

ABU DHABI, UAE - Archer Aviation on Tuesday announced that it has entered into an agreement with Abu Dhabi Investment...
  • ADIO plans to support Archer in establishing its first international headquarters and manufacturing facilities in the SAVI Cluster in Abu Dhabi.
  • Archer’s Center of Excellence will focus on developing and implementing next-generation aviation technologies.

Red Sea Global builds largest off-grid EV charging network in Saudi Arabia

RIYADH, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, Amaala...
  • The network includes more than 150 charging stations spread across phase one of The Red Sea destination area.
  • The stations are placed to keep RSG’s initial fleet of 80 electric Lucid and Mercedes vehicles charged and on the road.

Artificial intelligence key focus as GITEX 2023 begins

GITEX, Dubai's premier tech event, kicks off its 43rd "Technology Week" at the Dubai World Trade Center, spotlighting the latest...
  • With each passing year, GITEX has consistently exceeded expectations, offering a glimpse into the next frontier of technological evolution
  • The event also supports technology startups and displays the latest inventions and advanced innovations in information technology from various parts of the world