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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.

The DCO Council announces multilateral initiatives to bridge digital divide

Manama, Bahrain - The Digital Cooperation Organization (DCO), a global intergovernmental organization dedicated to fostering digital prosperity for all by...

Cisco identifies major AI trends for 2024

DUBAI, UAE – Developments in Artificial intelligence (AI) have been impacting businesses, governments and economies across the world. Advancements in...

UAE may open VoIP services to all next year

Mobile phone users in the Gulf country are currently allowed to use the internet-enabled video and audio calls only through...
  • The UAE's telecom regulator is likely to roll out VoIP services for everyone in the country next year
  • This could be either in January 2022 or after Expo 2020, which ends on March 31, 2022

Evorra secures pre-seed investment

Investors include Area Tech Holdings and FirstPartyCapital.
  • The funds will be used to finalize Evorra's B2B SaaS audience marketplace.
  • Evorra offers a solution to the death of third-party cookies so that brands can be custodians of their customer’s marketing data.

Arab News editor-in-chief lauded for newspaper’s digital, global makeover

Japan's ambassador to Saudi Arabia Iwai Fumio has lauded Arab News editor-in-chief Faisal Abbas's efforts in transforming the newspaper into...
  • Faisal Abbas was hosted by Japan's ambassador to Saudi Arabia Iwai Fumio for a commendation reception.
  • In 2019, Arab News became the first pan-Arab media outlet to launch a Japanese edition.

Facebook bans sales of Amazon areas on its apps

The announcement came as the tech giant defends itself against accusations that it has long put profit over societal good.
  • The sale of land in conservation areas happens on other platforms and offline.
  • Some questioned online why Facebook allowed sales of precious rainforest land in the first place.

YouTube Music tops 50 million subscribers

YouTube Music trails rivals Spotify, Amazon and Apple. The company said in June it has paid more than $4 billion...
  • Spotify had 32 percent of the global music streaming market in the first quarter of this year.
  • The overall number of streaming music service subscribers climbed more than 19m to a total of 487m in Q1.

Google to stop pairing ads with climate change misinformation

The new policy for Google advertisers, publishers and YouTube creators will prohibit the platforms from helping people make money from...
  • The new policy for Google advertisers, publishers and YouTube creators will prohibit the platforms from helping people make money from content that denies climate change
  • The internet giant added that the policy change aligns with efforts by the company to promote sustainable practices and confront climate change

Cisco shares vision for a digital future at Expo 2020 Dubai

Located at Expo 2020 Dubai’s Partner Hub, Cisco’s digitally powered environment takes inspiration from natural groves and their intelligent underground...
  • Located at Expo 2020 Dubai’s Partner Hub, Cisco’s digitally powered environment takes inspiration from natural groves and their intelligent underground systems
  • Aligned with Expo 2020’s theme of ‘Connecting Minds, Creating the Future’, The Cisco Grove illustrates how smart, intuitive networks can create greater connectivity

Arab world warming up to data analytics: Expert

Data analysts are already helping businesses set marketing strategies, explains Jadd Elliot Dib, founder and CEO of Pangaea X.
  • Through data analytics, SMEs can get a better understanding of their customers behavior
  • Big Data has the ability to positively impact all industries in the region by creating new revenue streams

Saudi Arabia contactless payments highest in MENA region

Saudi Arabia had achieved contactless payment adoption of 94 percent, which is higher than even the EU.
  • This is part of the Saudi Central Bank’s strategy to build on the goals of the Financial Sector Development Program
  • The program aims to reduce cash transactions while raising electronic payments to 70 percent of all transactions by 2025

UAE’s new data law promises privacy

The law to include features of gold-standard data protection regulations such as Europe's GDPR (General Data Protection Regulation), the UK's...
  • The law would include the right to be forgotten, the right to access, and the right to information
  • It will have a low cost of compliance, so as not to burden Small and Medium Enterprises

The DCO Council announces multilateral initiatives to bridge digital divide

Manama, Bahrain - The Digital Cooperation Organization (DCO), a global intergovernmental organization dedicated to fostering digital prosperity for all by...

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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...

Najm inks pact with iot squared

The aim is to advance insurance services in the Kingdom.

Saudi Arabia, Pakistan ink pact on digital transformation, innovation

RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday...

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New update allows ChatGPT to use internet for fetching data

New York, US - The generative AI platform ChatGPT can now fetch data directly from the internet and gather up-to-date information...
  • "ChatGPT can now browse the internet to provide you with current and authoritative information, complete with direct links to sources," OpenAI said.
  • Until now, ChatGPT's responses to user queries were based on a vast database, which did not contain information from after August 2021.

Saudi Arabia launches new TV channel to highlight ‘rapid progress’

Riyadh, Saudi Arabia-- Saudi Broadcasting Authority (SBA) has launched a new TV channel called Saudia Alaan (Saudi Now) to highlight...
  • The channel will showcase the kingdom’s “rapid progress” towards the Saudi Vision 2030 and its recent advancements, which are reflected in the diverse events
  • The airing of the channel comes at a time when the kingdom is witnessing a significant increase in the number of events, exhibitions, and conferences

Several UAE entities sign pact to implement ‘Sharjah Sat-2’

Sharjah, UAE -- A cooperation agreement was signed between the Sharjah Academy of Astronomy, Space Sciences & Technology (SAASST), the...
  • Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah (UOS), witnessed the signing.
  • The outcome of this project will help diverse parties in making decisions, developing future plans, and conducting scientific research.