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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.

AI and death: Sundance films grapple with our digital afterlife

Park City, United States -- Artificial intelligence promises to make death "optional," as the technology learns to perfectly emulate our personalities,...

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...

Israel-based i24News channel to open Dubai office

Two major Emirati telecom operators, Etisalat and DU, would carry content from i24News, which broadcasts in Arabic, English and French...

UAE Microsoft Cloud centers have a positive impact on economic growth

A study has shown Cloud ecosystem will generate $27 billion in the next four years Microsoft and its partner ecosystem...

Mishal Al-Hokair to head MENA’s Leisure and Attractions Council

Al-Hokair, a Saudi national, brings new industry insights to the board  MENALAC represents the leisure, entertainment and attractions industry in...

Abu Dhabi Police warns against fraud, scam calls requesting bank data

  The police have warned people not to fall for small text messages that simulate government institutions Fraudsters obtain information...

Twitter lets Arabic users to be addressed in the feminine

The company caved in to demands for gender equity space on social media site Arabic verbs and adjectives have both...

Abu Dhabi to instal ‘state-of-the-art’ scanners to detect Covid-19

Abu Dhabi to instal advanced scanners to detect Covid-19, starting with entry points to the emirate The scanners will be...

UAE, Ethiopia start-ups among 100 awardees at WEF’s 2021 Technology Pioneers cohort

The start-ups include new leaders in AI, cybersecurity, robotics, and others using tech to address gaps in healthcare, financial access...

AI and death: Sundance films grapple with our digital afterlife

Park City, United States -- Artificial intelligence promises to make death "optional," as the technology learns to perfectly emulate our personalities,...

Company News

Latest News

stc Group begins work in Europe

stc’s subsidiary TAWAL buys assets in eastern Europe.

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...

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...

Most Read

e& capital invests in Maxbyte

The funding aims to expedite growth by bolstering sales team.
  • Maxbyte is a leading provider of Industry 4.0 solutions with a strong presence in the automotive, defense, utilities, and food and beverage sectors.
  • It aims to enable smart connected industrial enterprise for flexibility, productivity, predictable revenue and profit growth, as well as sustainability.

Microsoft submits new Activision deal

A previous version of the acquisition deal was blocked.
  • Xbox-owner Microsoft launched a bid for Activision Blizzard early last year, seeking to establish the world's third biggest gaming firm by revenue.
  • Britain's Competition and Markets Authority said it has "opened a new phase 1 investigation into the restructured deal by Microsoft to buy Activision".

Generative AI likely to supplement than destroy jobs: ILO

Geneva, Switzerland -- Generative Artificial Intelligence (AI) is more likely to augment than destroy jobs by automating some tasks rather...
  • An International Labour Organization (ILO) study has found most jobs and industries are only partly exposed to automation and are more likely to be complemented by Generative AI.
  • It suggests this new wave of technological transformation could offer important benefits for developing countries.