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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

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...

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...

Vodafone Qatar 2023 profit up

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

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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.