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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

‘Grave step backwards’: Meta shuts monitoring tool in election year

Washington, US - A digital tool considered vital in tracking viral falsehoods, CrowdTangle will be decommissioned by Facebook owner Meta in...

UAE signs pact to develop digital infrastructure in Greece  

ABU DHABI, UAE  - The Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic...
  • Data centers to be developed under this MoU can reach a total capacity of 500 megawatts.
  • The data center market in Greece has witnessed significant growth in the last few years.

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...
  • Topics of discussion included cross-border market growth; the value of data; human-centric and sustainable digital economy
  • The DCO Council also announced the joining of Bangladesh, Qatar, and Greece as the new member states

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...
  • The sophistication of GenAI-driven phishing attacks requires robust security, including advanced DDoS protection and proactive cyber resilience strategies, says an expert.
  • Emad Fahmy of NETSCOUT recommends establishing strong passwords, exercising caution online, and extensive use of VPNs to enhance cybersecurity amid rising threats.

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...
  • The report found that 35 percent were already using AI in a "large number of areas related to music creation".
  • The report added that estimated incomes would fall 27 percent by 2028, equivalent to some US$2.9 billion.

Dubai RTA awards US$95m contract to upgrade ticketing system   

DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...
  • The aim is upgrade the existing card-based ticketing system to an account based ticketing system, aligning with the top global practices.
  • It seeks to develop a flexible and 100 percent scalable digital infrastructure, ensuring 100 percent fintech integration in mobility solutions.

SIB, Noqodi sign agreement

The Noqodi platform will enable digital payments.
  • This pact aims to improve digital and electronic payment offerings available to SIB's corporate and individual business customers.
  • SIB's business clients will gain access to a broader range of digital payment solutions for seamless fee payments across various products.

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...
  • The Cisco index focuses on what organizations can do to adopt AI in 2024.
  • It also says how innovators can leverage that technology to remain competitive.

Vodafone Qatar 2023 profit up

The 2023 net profit of Vodafone Qatar increased to $148 million.
  • Vodafone Qatar’s net profit for the nine months ending September 2023 reached US$107 million.
  • This reflects a growth of 17.3 percent compared to the same period in 2022, mainly driven by higher EBITDA.

Hub71-backed ABHI to set up global headquarters in Abu Dhabi

DUBAI, UAE - With support from the Abu Dhabi Investment Office (ADIO), Hub71-backed ABHI, an embedded finance platform founded in...
  • ABHI is working with Abu Dhabi Investment Office as it scales up its operations to capture growth opportunities in emerging markets.
  • ADIO provides a range of support to the FinTech company, including incentives and connections to the Abu Dhabi ecosystem.

Mac computers could reach new glory due to AI

SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...
  • Macs became the preferred choice for Apple fans along with artists, film makers and other creative professionals.
  • Apple has been making inroads in business, getting help from iPhone lovers using their smartphones for work.

AI and the future workforce: Navigating the transition

AI systems exceeding human capabilities across all fields could render many jobs obsolete in a decade, Stuart Russell, Professor of...

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Gemini’s inaccurate AI racial images warn of tech titans’ power

AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...

Du, Samsung ink agreement

The two companies have signed a three-year partnership.

Cyber insurance shapes the future of cybersecurity

Cyber insurance, particularly around ransomware, is moving towards a world where insured businesses have strong cyber resilience, well-defined disaster recovery...

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Abu Dhabi launches technology investment company MGX

ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of MGX, a...
  • Mubadala and G42 will serve as foundational partners in the creation of the new company.
  • MGX will invest to accelerate the development and adoption of AI and advanced technologies.

Cryptocurrency Ether witnesses meteoric rise since launch

NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...
  • Launched in 2015, Ether is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.
  • Bitcoin's rise has been well-documented, but Ether's has been even more impressive, surging almost 72 percent year to date.

Italy begins probe into OpenAI’s new video tool Sora

ROME, ITALY – The European country's data protection watchdog - Italian Data Protection Authority - said on Friday it has launched...
  • The Italian Data Protection Authority said it was concerned over “the possible implications for the processing of personal data of users.”
  • The watchdog said OpenAI -- which also makes chatbot ChatGPT and the image-generating DALL-E -- has 20 days to provide information.