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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.

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...

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

Space tourism: What’s on offer for those who can pay?

The era of space tourism comes with many options: a few minutes of weightlessness, or a few days or a...
  • SpaceX's INSPIRATION4 set this week is the first orbital mission involving four non-professional astronauts.
  • A trip in a module of Space Perspective, hoisted by a space balloon the size of a football stadium costs $125,000.

WhatsApp users may encrypt backups

FB was recently accused of breaching WhatsApp users’ privacy.
  • Mark Zuckerberg has announced that WhatsApp will let users encrypt chats they choose to back up
  • The facility will be available for users of devices that can run Apple’s iOS and Google’s Android

Saudis count the cost of technology overuse

As the use of the modern technology deepens in Saudi Arabia, its adverse effects are being felt across the gender...
  • Ithra program sounds alarm on sleep loss amid warnings of tech overuse
  • The initiative comes as digital overuse and screen addiction are blamed for problems ranging from behavioral disorders in children to insomnia in adults

AI game gains popularity during Chinese New Year festivities

SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...

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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.