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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

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...

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...

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.

TikTok, YouTube and Snapchat defend impact on kids

In their first testimony to US senators, they argued they are built to protect against the mental health and safety...
  • Senator Marsha Blackburn, who was co-chairing the hearing, drew little difference among the platforms and their arguments for safety.
  • YouTube has battled with a surge in Covid-19 and vaccine misinformation as the pandemic drove people online looking for information.

Pyypl, Ripple launch on-demand liquidity service in Middle East

ODL uses XRP for instant, low-cost cross-border payments.
  • ODL is the process of buying and selling XRP in originating and destination countries
  • XRP is the native cryptocurrency of products developed by Ripple’s creator Ripple Labs

Saudi minister: More investment in science and technology way to net-zero goal

Saudi Arabia's Minister of Communications and Information Technology Abdullah bin Amer Al-Swaha has said that the best way to achieve...
  • Al-Swaha says pursuing current policies and technologies will lead to a gap of 30-40 percent in the zero-emission goal.
  • Saudi Arabia is taking the lead in building a center for climate technologies in the MENA region, he said.

Tamatem pushes Arabic games

This Jordanian firm is being praised for Arabic mobile games.
  • Founded in 2013, Tamatem now has offices in the United Arab Emirates and Saudi Arabia
  • It has published more than 50 mobile games, which have been downloaded more than 100 million times

New leaks rock Facebook

Internal documents seem to support the accusations.
  • Facebook held back from doing all it could to stop users from being radicalized, say recent leaks
  • It is also accused of not doing enough to stop US election misinformation from flooding the social network

Oversight panel will review Facebook VIP system

The so-called "cross-check" or "XCheck" system shields millions of elite users from rules that Facebook claims to apply equally at...
  • Facebook has criticism after former employee Frances Haugen leaked internal studies showing the company knew of potential harm stoked by its sites.
  • Whistleblower's revelations had prompted US lawmakers' to renew a push for regulation.

DEWA signs several digital tech agreements at GITEX 2021 stand

Dubai Electricity and Water Authority (DEWA) signed a slew of MoUs with local and international companies at the ongoing GITEX...
  • The MoU with Etisalat is aimed at speeding up the digital transformation using Etisalat’s MobileHub platform.
  • Digital DEWA subsidiary sInfraX has partnered with WoM Technologies for its planned rollout of the first-ever Low Power Wide Area Network wireless Internet of Things.

Facebook ‘metaverse’ to become reality soon

The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face...
  • The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face with a friend
  • Metaverse enthusiasts point out that the internet is already starting to blur the lines between virtual experiences and "real" ones

Microsoft shuttering LinkedIn in China as rules tighten

The US-based company will replace LinkedIn in China with an application dedicated to applying for jobs but without the networking...
  • LinkedIn was given a deadline by Chinese internet regulators to better oversee content on the site.
  • Aside from being a venue for finding jobs, LinkedIn is a place for exchanges over business developments or news.

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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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...

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...

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...

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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.

People marvel at ancient Iraq in new ‘Assassin’s Creed’ game

The central character, pickpocket turned master assassin Basim, speaks classical Arabic in "Assassin's Creed Mirage",.
  • In the game, the hooded and stealthy hero fights his way through an ancient maze of alleyways, souks and rooftops.
  • The entire scene in the game has been rendered in loving detail with what its creators say is the help of historical sources.

AI of the tiger: Tiny camera ‘protects’ predator and people

Experts from Clemson University in South Carolina and several NGOs published research last month on their work using AI-enabled cameras...
  • The camera system called TrailGuard can distinguish between tigers and other species and relay images to park rangers or villagers within seconds, research said
  • The project, called Wildlife Insights, automates the process of identifying species and labelling images, saving many hours of laborious work for researchers