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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.

Abu Dhabi to use drones for delivery of vaccines and drugs

DUBAI: Abu Dhabi's department of health (DoH) will be using drones for the transport of high-value medical goods such as...
  • US-based Matternet partners with logistics company Skygo and Department of Health for 'world's first city-wide medical drone network.
  • SkyGo and Matternet have completed the first phase of in-country flight testing.

Investment in agritech key to UAE’s food security

Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries...
  • Over 100 entities use organic farming techniques in the UAE, including advanced farms that utilize modern agricultural technologies.
  • The Abu Dhabi Investment Office is investing at least US$100m in agritech startups as part of their food security strategy.

Scientist makes whitest paint; it might reduce AC bill!

Its inventor said this paint was used to cover a roof area of about 1,000 square feet, it could give...
  • The paint has a reflectivity of 98.1 percent, as compared to most white paints that have a reflectivity of 80-90 percent
  • This means it can reflect heat and light better, which will continue to cool whatever it is coating

Dubai Police to use AI to secure Expo 2020

This would include monitoring visitors for safety from the moment of their arrival to the UAE until they reach the...
  • The Dubai authorities have already taken several other steps to secure Expo 2020
  • This is especially after it has already been delayed by a year due to the Covid-19 pandemic

Cloud adoption picks up pace in GCC region

The strong demand for cloud computing in the Gulf region is driven by efforts of the member states to diversify...
  • The UAE leads the region in terms of cloud computing adoption and annual spending.
  • The MENA region will be worth around $5 billion to cloud suppliers by 2022.

SpaceX sends all-civilian crew into orbit

Unlike previous missions, there will be no experienced or officially trained astronaut onboard. The SpaceX launch is the first of...
  • The Falcon 9 rocket blasted off on Wednesday night from the Kennedy Space Center in Florida.
  • The four space tourists will orbit the Earth for three days in a fully automated Crew Dragon capsule that has been specially designed for this journey.

UN urges ‘moratorium’ on AI systems that threaten rights

UN high commissioner Michelle Bachelet presented a fresh report, which was called for by the UN Human Rights Council and...
  • Bachelet calls for assessment of how AI pose risk to rights to privacy and freedom of movement and of expression.
  • The UN report finds faulty AI tools have led to people being unfairly denied social security benefits and arrest of innocent people due to flawed facial recognition.

Aramco taps Honeywell for sustainability, productivity

This cooperation builds on a 2017 MoU between Honeywell and Aramco to explore the benefits of Honeywell's Industrial Internet of...
  • The two companies will look to explore the co-development and commercialization of next-generation digital technology solutions
  • The solutions will be designed to help improve productivity, sustainability, and operational excellence of industrial companies

Bitcoin no threat to dollar, global economy

Despite being the future of money, Bitcoin cannot be the dollar of future because the US dollar is a fiat...
  • Bitcoin cannot be the dollar of the future because the US dollar is a fiat currency, created and supported by the US government
  • Cryptocurrencies vary from real currencies since they are issued by people and communities rather than governments, something that has never happened before in the history of money

Riyadh, Dubai compete for business of news

Prominent media houses that have announced plans to move their base from Dubai to Riyadh include the state-owned Al Arabiya...
  • The proposed media city is coming up on an area of 60,000 sq m at Al Safarat (Diplomatic Quarter) in Riyadh
  • The MBC Group, the largest media company in the Middle East, was established in Britain in 1991 and moved to Dubai in 2002

Over 70 percent of musicians fear AI, says French-German study

PARIS, FRANCE - More than two-thirds of musicians fear that artificial intelligence will make it impossible to make a living, according...

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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...

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...

Cisco buys Splunk for US$28bn

Splunk is a software platform that uses AI to identify malware.

Most Read

Abu Dhabi plans to launch English newspaper as part of media network revamp

Abu Dhabi, UAE - Abu Dhabi Media Network is all set to launch an English edition of its existing Al...
  • The announcement came on the sidelines of the launch of a new media strategy by Abu Dhabi Crown Prince Sheikh Khaled bin Mohammed bin Zayed
  • The strategy also involves the launch of Al Ittihad News Centre, which will operate as a unified media center across various news platforms

Google’s AI chatbot goes personal tapping into Gmail, YouTube

Google has for years discreetly developed AI powers but was caught off guard when OpenAI late last year released ChatGPT...
  • The company said its beefed up chatbot can help users summarize a confusing string of emails into its main points or tap into Google Maps to best locate a holiday destination.
  • These so-called Bard Extensions would also be available to retrieve key points from content across Google Docs and Google Drive, including PDFs.

Saudi Arabia participates in global meet to bridge digital divide

RIYADH, SAUDI ARABIA – The Kingdom’s Governor of the Communications, Space and Technology Commission (CST) Dr. Mohammed Saud Al-Tamimi participated...
  • The meeting aims to enhance the contribution of the communications, space and technology sectors for attaining sustainable development objectives.
  • The meeting also aims to propose policies and recommendations to bridge the digital divide and promote and develop the digital economy.