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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

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...

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

Amazon Web Services will help firms drive innovation: Dubai FDI

DUBAI: The Dubai Investment Development Agency (Dubai FDI), the investment promotion agency of Dubai Economy, has said Amazon Web Services’...
  • AWS plans to open data centers in the UAE in 2022.
  • The new AWS Middle East (UAE) Region will consist of three Availability Zones and become AWS’s second region in the Middle East.

True Global Ventures closes blockchain fund at $100m

The TGV 4 Plus fund, which has been oversubscribed, focuses on blockchain firms primarily in late-stage equity funding Series B...
  • TGV is funded by 40 partners who contribute 27%, along with a number of entrepreneurs, business angels, family offices and institutional investors
  • Many limited partners of True Global Ventures are based in the Middle East

Now website owners may apply for ‘.abudhabi’ domain names

Abu Dhabi’s Department of Government Support has announced ‘.abudhabi’ as the official internet TLD name for the emirate.
  • The domain name is accessible to all citizens, residents, and employers working inside and outside the emirate
  • More than 550 uniform resource locators or URLs have been registered to the ‘.abudhabi’ domain name to date

Gartner predicts IT spending to touch $557bn in 2022

Countries across the world are expected to be spending some $557 billion in 2022, up by 6.5 percent compared to...
  • Most of the spending will be on IT services and software
  • The COVID-19 pandemic sped up the digital transformation across government and private sectors last year, as consumers around the world shifted to remote channels

UAE platforms lead GCC crypto market

Even as the GCC countries dither to embrace cryptocurrencies, the UAE has made some significant strides in this regard.
  • The United Arab Emirates already boasts about some of the biggest crypto exchange platforms in the GCC region
  • However, it is yet to warm up to crypto ATMs, a field where the United States rules the roost

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...

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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.

QFMA launches single window e-portal for listing in Qatari financial markets

DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate...

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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.

AI ‘no substitute’ for fashion designers’ creativity

Fashion innovator Calvin Wong, who has developed the world's first designer-led AI system, says 'we must treasure the designer's original...
  • The Interactive Design Assistant for Fashion (AiDA) uses image-recognition technology to speed up the time it takes for a design to go from a first sketch to the catwalk.
  • Wong said AiDA's particular strength was its ability to present "all the possible combinations" for a designer to consider, something he said was impossible currently.