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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.

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

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.

MENA print media revenues fell 30% from 2018 to 2022: survey

The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...

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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.

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...

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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...
  • 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.

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.