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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

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...

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

US ‘black lists’ Israeli maker of Pegasus spyware

The company, NSO, was engulfed in controversy over reports that tens of thousands of human rights activists, business executives, journalists,...
  • Smartphones infected with Pegasus are essentially turned into pocket spying devices, allowing the user to read the target's messages.
  • Washington also targeted Israeli company Candiru, Singapore-based Computer Security Initiative Consultancy PTE (COSEINC) and Russian firm Positive Technologies.

Augmented reality: an early taste of the metaverse?

The key idea behind metaverse, supposedly the internet of the future, is the blurring of the divide between the physical...
  • Augmented Reality is believed to be the early stage of the metaverse envisioned by Facebook.
  • With AR, you put on a device and you're still in your world, but we're augmenting it with digital content, says Peggy Johnson, CEO of Magic Leap

Facebook whistleblower sits atop publicity juggernaut

Haugen's leak of company records has benefited from well-oiled communications machinery, powerful backers and a lucky cryptocurrency bet.
  • The internal reports captured by her smartphone camera and handed to journalists have already resulted in a deluge of damning stories.
  • In a matter of weeks, Haugen has testified before the US Congress and the British Parliament, with European Union lawmakers inviting her for a Nov. 8 appearance.

Facebook on defensive over work in ‘fragile’ countries

Some 87 percent of Facebook's anti-misinformation budget is focused on the US even though the vast majority of its users...
  • Facebook vice president Nick Clegg told the Web Summit that the tech giant has content moderation in over 70 countries.
  • Whistleblower Frances Haugen said the company's algorithms made "polarizing and divisive content" more visible in people's timelines.

Despite hurdles, interest in 5G high in MENA

As GCC shifts away from dependence on oil and gas revenues, 5G is set to fuel tech growth and ease...
  • 5G subscriptions in the MENA have exceeded 1 million at the end of 2020
  • The deployment of a 5G network faces several challenges

Two Saudi defense firms sign contract to build SkyGuard UAV

Saudi Arabia's General Authority for Military Industries (GAMI) and Saudi Arabian Military Industries (SAMI) have signed a contract for the...
  • SkyGuard is the outcome of numerous R&D efforts and geared towards developing a 'truly local' product.
  • Saudi Arabia has set a target of spending 50 percent of expenditure on locally manufactured defense products and services by 2030.

Facebook’s future tops agenda at Web Summit in Lisbon

Frances Haugen, the former Facebook engineer who leaked a trove of internal documents to international media, is due to speak...
  • The summit in Portugal's capital Lisbon is set to welcome some 40,000 people from Monday evening through Thursday.
  • Facebook has had to grapple in recent weeks with mass outages and rising calls for regulation to curb its vast influence.

UAE and Blue Origin to explore space economy and space tourism opportunities

The UAE will explore investment opportunities in the space economy and space tourism services besides other related ventures with Blue...
  • The two sides also discussed expanding the scope of R&D in space to develop emerging space technology in the UAE.
  • Space sector provides more than 3,200 jobs, and over 57 space firms are currently operating in the UAE.

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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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...

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...

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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

Dubai Customs strengthens partnerships with courier firms to expand e-commerce

DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering...
  • Dubai Customs unveiled its cutting-edge e-commerce project, strategically leveraging blockchain technology to streamline supply chain operations.
  • It also addressed all queries from participating companies and shared insights into the department's systems in this context.