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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.

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

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

solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.

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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...

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,...

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...

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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...
  • 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

Najm inks pact with iot squared

The aim is to advance insurance services in the Kingdom.
  • iot squared is a joint entity between the Public Investment Fund (PIF) and STC Group and it provides leading IOT solutions in the logistics service field.
  • Najm for Insurance Services was set up in 2007 due to cooperation between insurance firms, Saudi Central Bank and the General Department of Traffic.

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...
  • Under the terms of the MoU, Saudi Arabia and Pakistan will strengthen their SME and start-up ecosystems.
  • They will cooperate on policies, regulations and legislation in the digitization and electronic manufacturing sectors.