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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

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...

Saudi public-private alliance to launch $15b tech fund

In order to advance the digital infrastructure in the kingdom, Saudi Arabia will launch a $15 billion technology fund in...

Saudi ICT infrastructure market set for 9% growth by 2030

The country’s ICT infrastructure market value stood at $1.54 billion in 2020, and is being fueled by several factors.

One out of every three cyberattacks in Bahrain hit corporates

About 36.8% of the 523 attacks were aimed at corporate entities and their employees during the first half, Russian-origin cybersecurity...

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...

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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...

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...

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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...
  • The findings also exposed a troubling trend, with 45% of respondents expressing concerns about job security due to their perceived lack of IT competencies
  • The survey also highlighted a specific group within the workforce most apprehensive about job security – department heads and top managers

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.