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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.

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

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.

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...

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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...

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...

Most Read

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

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