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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.

Israel’s AI-enabled tech usage in Gaza sparks new fears

New defense technologies including artificial intelligence-powered gunsights and robotic drones form a bright spot in an otherwise dire period for...

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...

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

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

Israel’s AI-enabled tech usage in Gaza sparks new fears

New defense technologies including artificial intelligence-powered gunsights and robotic drones form a bright spot in an otherwise dire period for...

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People marvel at ancient Iraq in new ‘Assassin’s Creed’ game

The central character, pickpocket turned master assassin Basim, speaks classical Arabic in "Assassin's Creed Mirage",.

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.

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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...
  • The DOT Cyber Summit 2023 explored issues related to cyber policies and strategies, international issues related to cyber risks and threats faced by countries.
  • This includes mechanisms for addressing and combating their spread, and reviewing the experiences of countries and their progress in the field of cyber security.

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