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Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

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’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

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

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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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...

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...

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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.

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.