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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.

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...

Netflix rules Mideast as rivals eye content share

Arab-based platforms such as Starz Play, Wavo, and OSN have become local competitors to Netflix and gaining the ground fast...
  • Saudi Arabia seeks be an essential base for entertainment companies with an attractive investment environment
  • The UAE and Saudi Arabia account for almost half of all MENA subscriptions to streaming services

UAE, Bahrain lead MENA’s fintech sector boom

A total of 465 fintech companies in the region are expected to raise over $2 billion in venture-capital funding, compared...
  • The fintech sector in the Middle East has been growing at a Compounded Annual Growth Rate (CAGR) of 30%
  • Close to 47% of the fintech deals in 2019 were sealed in the UAE and nearly half of the fintech firms in the region are based in this Gulf country

$600m crypto theft case about to be solved?

DeFi platform Poly Network said on Twitter on Wednesday that the threat actor or actors had already returned cryptocurrency worth...
  • Poly Network on Tuesday identified the vulnerability that had been exploited to break into its platform
  • A threat actor named an entity named PolyNetwork Exploiter is now transferring funds back to the company

Nissan unveils new safety tech in Middle East

The suite is called Nissan Intelligent Mobility or NIM, and is aimed at preventing automotive fatalities.
  • The newest addition to the NIM suite, the ProPILOT, was premiered in the region on the 2021 Nissan Altima
  • ProPILOT can automatically increase or decrease the vehicle’s speed to maintain a set distance from other vehicles

Dubai issues regulations for 3D-printing in construction

The new legislation supports the emirate’s target to ensure that 25% of its buildings are constructed using 3D-printing technology by...

Digital school, mEducation Alliance partner to design e-learning solutions

The agreement enables both parties to exchange knowledge, expertise to enhance learning of students in refugee camps and remote areas.

Huawei launches Super Device products in Kuwait, Bahrain

The demand for electronic goods in the Middle East has seen an upturn since the Covid-19 pandemic started last year.

Digital payment platform Square to buy Afterpay for $29 billion

Afterpay specializes in the "buy now, pay later" model that offers users staggered payments, often without extra charge.

UAE among world’s fastest countries in deploying 5G

The latest technology is likely to accelerate the deployment of tech solutions that enable establishment of smart cities, including smart...

Abu Dhabi’s 5G speed rates among three fastest in world

Abu Dhabi has been rated as one of the three capitals with the fastest 5G speed, with the fastest median...

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...

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Nearly two-thirds of Saudi Arabian employees lack enhanced digital skills 

Riyadh, Saudi Arabia - A substantial 62% of employees in Saudi Arabia are eager to acquire improved digital skills in...

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...

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.

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US govt face Google in landmark antitrust lawsuit

Washington, US - A landmark case pitting the US government against Google over the dominance of the company's world-dominating search engine...
  • "This case is about the future of the internet and whether Google will ever face meaningful competition in search," said Justice Department lawyer Kenneth Dintzer
  • The US government launched its case against Google during the Trump administration and the suit carried over in the transition to President Joe Biden

How cyber scammers are trying to make AI tools pay

The two worlds of artificial intelligence and cybercrime are starting to collide, with cybercriminals trading tips in online forums on...
  • With a recording of just few seconds of a person's voice, AI tools can produce an imitation capable of tricking employees or friends
  • The FBI said it received 300,497 complaints about phishing scams last year, with losses suffered worth $52 million

Saudi Arabia’s first social network Jaco attracts 1m users in 2 months

RIYADH, SAUDI ARABIA:   The supervisor of the Kingdom's first social network Jaco - Saudi entrepreneur Fahd Al-Shidi announced that the...
  • The Saudi Arabian entrepreneur and supervisor of the project expressed confidence that Jaco will reach 5 million users by the end of the year.
  • At the official launch ceremony of the Jaco application in Riyadh, the supervisor expressed happiness at the success of the social network.