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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.

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...

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

Dubai becomes world’s first paperless government

The Dubai Paperless Strategy was implemented in five consecutive phases, each of which enlisted a different group of Dubai Government...
  • The strategy was launched in 2018 to help Dubai become the world’s first paperless government
  • The Dubai Paperless Strategy was implemented in five consecutive phases, each of which enlisted a different group of Dubai government entities

Google shuts cybercrime ring

The ring had infected 1 million devices to carry out its work.
  • Google says it has shut down a network of about 1 million hijacked electronic devices used to commit online crimes worldwide
  • The so-called botnet of infected devices was cut off at least for now from the people wielding it on the internet

Time to decrypt internet speed in Arab world

This week's TRENDS infographic tries to find out where do Arab countries stand in terms of the speed of broadband...
  • The internet connectivity is a cornerstone to business, education, financial literacy, access to employment and health care through telemedicine
  • This TRENDS infographic tries to find out where do Arab countries stand in the latest Speedtest index.

Saudi media ministry and Google join forces for digital transformation

Riyadh, Saudi Arabia - Saudi Ministry of Media and Google have joined forces in a strategic collaboration aimed at driving...

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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...

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...

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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...
  • Powered by generative artificial intelligence, "Dai-chan" was this year launched by Osaka authorities who called it the first of its kind in Japan
  • But the chatbot, which features a Shiba Inu cartoon dog and answers in the Osaka dialect, has shown itself far from faithful to the truth

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,