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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.

WEF24: Understanding regional nuances key to success

Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.

Over 70 percent of musicians fear AI, says French-German study

PARIS, FRANCE - More than two-thirds of musicians fear that artificial intelligence will make it impossible to make a living, according...

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.

Didi departure from NYSE marks end of Wall Street romance with Chinese big tech

Only five months transpired between Didi's going public in New York in June and word Friday that it will prepare...
  • Only five months transpired between Didi's going public in New York in June and word Friday that it will prepare a Hong Kong listing
  • Didi's move comes in the wake of a sweeping Chinese regulatory crackdown in the past year that has clipped the wings of major internet firms wielding huge influence

GACA, Cisco sign MoU

The MoU will enhance the scope of digital transformation.
  • The memorandum will enhance the scope of cooperation in technology and digital transformation in the civil aviation sector
  • The GACA is keen to collaborate with international companies specializing in advanced technological fields to keep pace with the latest developments

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

UAE gets its first driverless autonomous vehicle

Khalifa University has thus become the first university in the UAE to deploy an Autonomous Vehicle (AV) on campus that...
  • The driverless and 100 percent electric shuttle is the first-ever autonomous vehicles to be deployed in the UAE in a mixed traffic mode
  • The Khalifa University AV can detect and avoid potential obstacles thanks to the onboard sensors, Light Detection and Ranging, cameras, GPS etc

193 countries adopt first global pact on Artificial Intelligence ethics

All member nations of UNESCO adopted on Thursday a historical text that defines the common values and principles needed to...
  • The Recommendation on Ethics of AI sets the first global normative framework while giving countries the responsibility to apply it at their level.
  • Until the pact, there were no universal safeguards against ethnic bias, privacy threats, dangers of mass surveillance: UNESCO.

Apple loses bid to stall apps bypassing pay system in Epic Games case

A judge rejected Apple's request to delay letting App Store offerings bypass its payment system as ordered by the court...
  • Epic filed the lawsuit to break Apple's grip on the App Store, accusing the iPhone maker of operating a monopoly in its shop for digital goods or services.
  • The judge reasoned that Apple's policies not allowing app developers to steer users to payment platforms outside the App Store as being a factor in the "antitrust conduct."

Finfluencers turn to TikTok to peddle investment advice

Across the globe, investment gurus in their 20s are building huge followings on social media.
  • Fintok and Stocktok finfluencers have made their influence on TikTok
  • Reels and videos made on stocks and finance education getting viral on this world of entertainment

WEF24: Understanding regional nuances key to success

Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.

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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...

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...

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...

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Gaza becomes a dangerous ground for journalists

Amidst the escalating Israel-Hamas conflict, an alarming number of journalists have been killed, injured, or missing, underscoring the importance of...
  • Amidst the escalating Israel-Hamas conflict, an alarming number of journalists have been killed, injured, or missing, underscoring the importance of ensuring their safety
  • Amid the ongoing Middle Eastern conflict, ensuring the safety of journalists is paramount, as the world depends on their reporting to grasp the crisis's complexities

Al Etihad Payments partners with NIPL to develop UAE Domestic Card Scheme

ABU DHABI, UAE – Al Etihad Payments (AEP), a wholly-owned subsidiary of the Central Bank of the UAE (CBUAE), and...
  • To be launched in early 2024, the card scheme will aim to facilitate the growth of e-commerce and digital transactions in the UAE.
  • It will bolster financial inclusion, support the nation’s digitization, increase alternative payment options and enhance the UAE’s competitiveness.

GCC’s digital leadership puts focus on cybersecurity

As GCC leads in digital innovations, there's an urgent need for strong cybersecurity to combat increasingly complex threats targeting governments,...
  • As GCC leads in digital innovations, there's an urgent need for strong cybersecurity to combat increasingly complex threats targeting governments, businesses, and individuals
  • Emad Fahmy of NETSCOUT sheds light on the evolving cyber threats and the importance of a holistic approach to digital transformation, advising ways to safeguard digital frontiers