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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.

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...

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...

Ruler of Dubai unveils Dubai Digital Authority

*The Authority to oversee digital transformation *It is expected to bring about social and economic benefits to Dubai In order to...

Subex, Spire Solutions partner to address cyberattacks in Middle East

The volume of inbound cyberattacks grew by 67 percent in the first 4 months of 2021  Subex's latest threat landscape...

Saudi Arabia awarded G5 status by ITU

  The kingdom achieves the G5 regulator classification two years ahead of the targeted date of 2023 ITU’s G5 classification...

Over 70 percent of musicians fear AI, says French-German study

PARIS, FRANCE - More than two-thirds of musicians fear that artificial intelligence will make it impossible to make a living, according...

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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...

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...

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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...
  • 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.

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.