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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.

AI and death: Sundance films grapple with our digital afterlife

Park City, United States -- Artificial intelligence promises to make death "optional," as the technology learns to perfectly emulate our personalities,...

Snowden slams new Apple feature

The NSA whistleblower has said other companies following suit could lead to a torrent of privacy breaches across the board.
  • Apple unveiled the features earlier this month, saying they would help limit digital contraband on its devices
  • Experts have already warned against the feature, saying that it could be hacked or exploited

The most vulnerable Linux distros

Now, security solutions provider Trend Micro has said that detected millions of “security events” in Linux distributions — both in...
  • The most common security event seen in Linux systems was coinminers
  • The Linux distro with the most vulnerabilities was CentOS Linux

TikTok to offer in-app shopping with Shopify

The social media app will expand into e-commerce in partnership with Shopify
  • The social media app will expand into e-commerce in partnership with Shopify
  • The news comes amid rising interest in "social commerce" that is expected to be worth some $36 billion in the US this year

Ethiopia to build local rival to Facebook, other platforms

Social media services have previously been closed in the country over the past year
  • Social media services have previously been closed in the country over the past year
  • According to Statista, Ethiopia has about 6 million Facebook users

Samsung announces $205 billion investment plan

The tech giant is South Korea's largest conglomerate and its overall turnover is equivalent to a fifth of the national...
  • The tech giant is South Korea's largest conglomerate and its overall turnover is equivalent to a fifth of the national gross domestic product
  • Samsung Electronics, the flagship subsidiary of the Samsung Group, is the world's biggest smartphone maker

AI chatbot comforting China’s lonely millions

XiaoIce has pioneered a cutting-edge artificial intelligence system designed to create emotional bonds with its 660 million users worldwide
  • XiaoIce has pioneered a cutting-edge artificial intelligence system designed to create emotional bonds with its 660 million users worldwide
  • It was designed to hook users through lifelike, empathetic conversations, satisfying emotional needs where real-life communication too often falls short

Next Apple Watch could check for dehydration

With temperatures rising globally, this could be a useful feature for users of this Apple device.
  • Apple has recently been granted a patent in this regard by the US Patent and Trademark Office
  • The patent shows electrodes in the watch band, through which the electrical properties of sweat will be measured

Elon Musk announces humanoid Tesla Bot

Musk said the robot would be five feet and eight inches tall, and that a prototype would be ready next...
  • Musk compared the current fleet of Tesla cars to “semi-sentient” beings
  • He then said whatever the vehicles are capable of could well be put into humanoid form

Office 365 prices to go up from 2022

The prices would apply globally with adjustments for certain regions.
  • There are no changes to pricing for education and consumer products of Microsoft at this time
  • Microsoft is also rolling out unlimited dial-in capabilities for Microsoft Teams meetings across all suites in the next few months

Bahrain bank challenges students to make digital solutions

The National Bank of Bahrain has tied up with Bahrain FinTech Bay to launch challenge youngsters in the country to...
  • The goal is to develop solutions for NBB’s digital banking app that focuses on the youth and features the latest trends in user experience
  • The three best solutions will get prize money, three months of incubation at BFB, and other prizes

SIB, Noqodi sign agreement

The Noqodi platform will enable digital payments.

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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...

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...

Europe’s tussle with Big Tech involves dominance, data, disinformation

Paris, France - Irish regulators on Friday handed out a 345-million-euro ($369-million) fine to TikTok over data breaches, part of a...

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EU chief wants global experts panel to confront AI challenges

Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific...
  • Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific consensus on climate change.
  • The EU is leading the charge on regulating AI, and aims to green light what would be the world's first law covering the technology by the end of the year.

ChatGPT diagnoses ER patients ‘like a doctor’

During a study in Netherlands, the chatbot outperformed doctors in some cases. At the same time, it showed some limitations.
  • The chatbot's reasoning was "at times medically implausible or inconsistent, which can lead to misinformation or incorrect diagnosis, with significant implications".
  • The findings -- published in the medical journal Annals of Emergency Medicine -- will be presented at the European Emergency Medicine Congress (EUSEM) 2023 in Barcelona.

California firefighters use AI to battle wildfires

For several years firefighters have used a network of more than 1,000 cameras to monitor possible fire hotspots. Since the...
  • Computers watching live feeds from Cleveland National Forest spotted what their algorithm had been taught to understand was a column of smoke
  • Human operators were able to verify the machines were correct and alerted Captain Kris Yeary of Cal Fire, whose firefighters quickly extinguished the flames