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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.

Windward launches tool to track containers worldwide

Israel-headquartered firm Windward has launched a system that provides live-screening and tracking of containers

Aramco confirms data breach that entails $50m ‘ransom’ demand

Aramco has acknowledged that it had seen a data breach that has a potential $50-million “ransom” demand attached to it.

Netflix turning to games as streaming growth slows

Analysts said the Netflix move is not aimed at disrupting the expanding gaming market but keeping its own viewers interested...

Israel looks into NSO as firm promises to probe proof of malware ‘misuse’

Israel has set up a ministerial team to look into the Pegasus spyware scandal, while the NSO Group stopped taking...

Hackers steal 1 TB data from Saudi Aramco, put it on sale for $5 million

Hackers have stolen 1 TB of Aramco’s data through a zero-day exploit and are selling it for $5 million

Israeli spyware taps 50,000 phone numbers worldwide

An Israeli firm accused of supplying spyware to governments has been linked to a list of tens of thousands of...

Private Israeli malware used to spy on journalists, activists, politicians

The use of the software, called Pegasus and developed by Israel's NSO group, was reported on by the Washington Post,...

Digital Payments in Egypt and Saudi Arabia rising, with push from pandemic

Analysts at Jordan-based Arab Advisors Group have said digital payments in Egypt and Saudi Arabia are on the rise

Microsoft says Israeli firm sold tool to Arab countries to hack Windows

Microsoft has announced it has identified an Israeli cybersecurity company that sold malware Arab countries, among others, to hack Windows

Major Middle Eastern operators commit to open RAN future

Five of the largest operators in the Middle East - Etisalat Group, STC, Zain Group, Mobily, and du - have...

Hub71-backed ABHI to set up global headquarters in Abu Dhabi

DUBAI, UAE - With support from the Abu Dhabi Investment Office (ADIO), Hub71-backed ABHI, an embedded finance platform founded in...

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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...

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...

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)...

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More Middle Eastern firms embrace Responsible AI

A significant 16% of Middle Eastern organizations have fully implemented Responsible AI policies and processes, a latest report highlights.
  • A significant 16% of Middle Eastern organizations have fully implemented Responsible AI policies and processes, a latest report highlights
  • With AI-related risks on the rise and the regulatory environment in flux, the onus is on businesses to navigate this terrain with agility

The fight over a ‘dangerous’ ideology shaping AI debate

Paris, France - Silicon Valley's favorite philosophy, longtermism, has helped to frame the debate on artificial intelligence around the idea of...
  • Silicon Valley's favorite philosophy, longtermism, has helped to frame the debate on artificial intelligence around the idea of human extinction.
  • But increasingly vocal critics are warning that the philosophy is dangerous, and the obsession with extinction distracts from real problems associated with AI like data theft.

stc Group begins work in Europe

stc’s subsidiary TAWAL buys assets in eastern Europe.
  • TAWAL aims to ensure a reliable and efficient ICT infrastructure network to all mobile networks operators in the market.
  • TAWAL aims to bring significant investments, best processes and practices, as well as innovative products to its portfolio.