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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.

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...

Remote monitoring, AI: New additions to RTA’s toolkit

RTA has collaborated with Alibaba Cloud to start trial of ‘City Brain’, which analyzes big data and can eventually improve...

France’s Macron calls Israeli PM, urges him to look into spyware allegations

Bennett has defended his government saying the events occurred before he took office in May

NSO Group of Israel ‘complicit’ in rights abuse, says Amnesty

Israel has started a probe into the Tel Aviv-headquartered NSO Group, even as the company itself says it will investigate...

Cyberattack ruled out in third Internet outage in two months

Another massive outage hits internet services on Thursday, July 22, affecting the websites of major companies across the globe.

DEWA, Stanford University system to boost production forecast at Al Maktoum solar park

The new system reduces errors in the forecast of photovoltaic production to less than 10 percent

Saudi Arabia, UAE deny Pegasus spyware allegations

Saudi Arabia and the United Arab Emirates have dismissed allegations they used Israeli-supplied Pegasus malware to spy on journalists and...

beIN to rebrand channels for 3,000 hours of Olympics coverage in Mena region

beIN Media Group plans to rebrand channel to broadcast 3,000 hours of Olympic coverage in the Mena region

Vodafone Qatar 2023 profit up

The 2023 net profit of Vodafone Qatar increased to $148 million.

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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...

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...

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...

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Apple, Facebook among tech giants to face tough new EU curbs

The European Commission, the EU's powerful antitrust body, named 22 "core platform" services belonging to five US tech behemoths identified...
  • Brussels is working through a dense legislative agenda to build tougher regulation of big tech, arguing it needs to protect European consumers online.
  • Observers say the law could open a new battlefront between digital titans and the European Union as some companies consider launching legal challenges.

GCC Secretary General praises DCO role in digital transformation of Saudi economy

RIYADH, SAUDI ARABIA –  Secretary General of the Gulf Cooperation Council (GCC)Jassem Mohamed Albudaiwi visited the Digital Cooperation Organization (DCO)...
  • DCO plays an important role in e-development and helps in enabling countries to keep pace with the rapid growth of the digital economy.
  • The GCC Secretary General stressed on the importance of digital cooperation between the regional organization and the DCO.

Bitay to expand in UAE’s burgeoning crypto market

DUBAI, UAE –   Bitay, a cryptocurrency platform from Turkey, announced its expansion into the UAE's burgeoning crypto market.The UAE, which...
  • Kickstarted by a government research grant, Bitay has been operational in Turkey since 2018 and expanded its services globally in 2021.
  • The platform is licensed as a Money Services Business (MSB) in 16 US states and offers services in multiple countries.