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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.

4 charged with plot to kidnap New York-based Iranian journalist

Four Iranian nationals were indicted Tuesday on charges of plotting to abduct a journalist in New York, the Justice Department...

Saudi Arabia unveils $18b plan to turn kingdom into data center hub

The government will work with the private sector, including local and international investors, to achieve the goal The kingdom is...

Middle East govt entities should digitize services fast

Governments need to build necessary foundations to exchange non-sensitive public data Develop interoperable digital platforms and a broad range of...

TikTok users can now post videos up to 3 minutes

Option to post longer videos will roll out in the coming weeks TikTok has more than 1 billion users worldwide;...

WPP teams up with Tihama to form a Saudi media joint venture

WPP and Tihama join hands to form a new Saudi media joint venture WPP will have 70 percent stake in...

Digitalization, sustainability top priorities of Middle East consumers

PwC Middle East claims consumers in the region value digitalization and sustainability the most 58% of Middle-East consumers say they...

‘Internet Monsters’ to raise awareness on child safety online

The online campaign is based on classic fairytales to which modern cyber twists have been added to portray what occurs...

HUAWEI Ads, ArabyAds partner to rejig on-device mobile advertising

The new collaboration allows ArabyAds to lead on advertising sales and optimisation of the inventory options available on Huawei Mobile...

Batelco revamps 5G packages for entrepreneurs, SMEs

The move is expected to enable entrepreneurs, SMES, and large corporations to experience the fastest and largest 5G network in...

Half of adults in Saudi Arabia, UAE seek energy-efficient, futuristic internet

94 percent of adults each in both countries considering doing more activities virtually to reduce carbon footprint Over a third...

Mac computers could reach new glory due to AI

SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...

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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...

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.

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...

Most Read

AI risks repeating social media mistakes, says Microsoft president

NEW DELHI, INDIA - Breakneck development of artificial intelligence risked repeating mistakes made by the tech industry at the start of...
  • AI tools have shown in recent months the ability to generate essays, create realistic images, mimic voices of famous singers and even pass medical exams
  • But there are also worries that chatbots could flood the internet with disinformation, that biased algorithms will churn out racist material

All eyes on tech firms as strict EU digital rules come into effect

The landmark Digital Services Act (DSA) compels tech companies to better police content to protect European users against disinformation and...
  • The first phase of the regulation affects 19 "very large" digital platforms including social media networks, websites and online retailers with at least 45m monthly active users.
  • They are: Alibaba AliExpress, Amazon Store, Apple AppStore, Booking.com, Meta-owned Facebook and Instagram, Google's Maps, Play, and Shopping, LinkedIn, Pinterest.

India first nation to land spacecraft near Moon’s south pole

The landing of the unmanned Chandrayaan-3, which means "Mooncraft" in Sanskrit, comes days after a Russian probe crashed in the...
  • The Chandrayaan-3 mission has captivated public attention since launching nearly six weeks ago in front of thousands of cheering spectators.
  • Chandrayaan-3 took much longer to reach the Moon than the Apollo missions in the 1960s and 1970s, which arrived in a matter of days.