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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.

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...

FB family of apps return online after seven hours

Users of Facebook, Instagram and WhatsApp across the world, including the Gulf countries, remained heavily affected for hours.
  • The outage was first reported at around 1545 GMT or 7.45pm UAE time
  • Washington, Paris, Dubai and Delhi were few major cities that remained affected

Facebook chooses ‘profit over safety,’ says whistleblower

Frances Haugen, a 37-year-old data scientist from Iowa, has worked for companies including Google and Pinterest. She said in an...
  • Haugen had shared a trove of Facebook documents alleging the social media giant knew its products were fueling hate and harming children's mental health 
  • During the 2020 US presidential election, she said, the company realized the danger that such content presented and turned on safety systems to reduce it.

Microsoft announces pricing for new Office suite

Office 365 has been renamed Microsoft 365, and will be available on Windows PCs, Apple’s Mac machines, and mobile platforms,...
  • Microsoft 365 and Office 2021 will run on Windows 11, Windows 10, and the three latest macOS versions
  • A Microsoft account and an internet connection are mandatory for subscribers to access and use Microsoft 365 or Office 2021

UN desires digital equality for young and old

To mark the International Day of Older Persons, the United Nations has called for digital equality to be applied to...
  • These technologies can help older citizens stay connected with loved ones, attend a religious service
  • Older persons have often been left more isolated during the pandemic

Digital currency can speed up global payments: CBUAE

The CBUAE has in a study found that central bank digital currencies can substantially improve international trade payments.
  • The findings come from a report that has been generated from the first Multiple CBDC Bridge (mBridge) Project
  • This project is a step closer to making cross-border trade payments easier, safer, and in real time

More UAE women take up STEM courses

The Emirati women's share in online enrollments in science, technology, engineering, and mathematics rises to 42 percent in 2021 from...
  • The Emirati women's share of online enrollments in science, technology, engineering, and mathematics increased to 42 percent in 2021 from 38 percent in 2019
  • Women’s enrollment in entry-level professional certificates also went up in the country from 26 percent in 2019 to 32 percent in 2021

Encrypted messaging app Signal hit by late Sunday outage

San Francisco: Encrypted instant messaging app Signal was hit by an outage late Sunday that interrupted services on the platform....
  • Internet outage monitor DownDetector said users began reporting network problems late Sunday.
  • Signal saw a surge in downloads earlier this year after WhatsApp tweaked its terms of service and sparked privacy concerns.

China central bank says all crypto transactions are illegal

The bank has effectively sounded the death knell for digital currencies in China.
  • The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations
  • The rulings have sought to prevent speculation and money laundering

GCC nations eye Hyperloop travel by 2030

It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Gulf Arab...
  • It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Arab Gulf states using clean and renewable energy
  • The Dubai government owned DP World has granted permit to Virgin Hyperloop to develop the technology in the emirate

BitOasis to be registered in GoAML

BitOasis offers over 15 digital assets to trade against the dirham.
  • The Executive Office of Anti-Money Laundering and Counter Terrorism Financing — or AML/CTF — has welcomed the confirmation
  • The registration is expected to help add yet another layer of security for both fintech startups and the national economy

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...

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UAE Council review cybersecurity in Jordan summit

Amman, Jordan - The UAE Cyber Security Council discussed cybersecurity in the inaugural Jordan Cyber Security Summit 2023, known as...

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...

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...

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World must understand AI, curb its risk, says UK Deputy PM

NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...
  • UK Deputy PM said that a summit, set for November, will aim to preempt the risks posed by frontier AI and explore how it can be used for public good.
  • One of the concerns highlighted by the Deputy Prime Minister is the unprecedented speed at which AI is evolving having far-reaching implications.

Cisco buys Splunk for US$28bn

Splunk is a software platform that uses AI to identify malware.
  • Cisco will pay a premium of $157 per share, up from the $120 Splunk traded at before the announcement.
  • According to the company's website, Splunk was founded in 2003 and holds over 1,100 patents.

QFMA launches single window e-portal for listing in Qatari financial markets

DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate...
  • The single window provides many advantages for firms, related to securities, public offering, or listing on QSE and in acquisitions or mergers.
  • It will simplify the procedures for companies by limiting their dealings with just one entity instead of interacting with other authorities separately.