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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.

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...

SHUAA to launch next-gen Digital Wealth platform

The Digital Wealth Platform will open up SHUAA to a broader investor base The new digital wealth platform will integrate...

SCT, Omantel ink pact for satellite services

Omantel will utilize satellite services to expand and enhance its mobile network backhauling The agreement will help Omantel gain satellite...

Algeria cancels France 24’s operating license

Authorities had given the channel a final warning on March 13, over its "coverage of Friday marches"  Reporters Without Borders...

SecuLetter webinar to introduce Korea’s cyber-security tech in Mideast

SecuLetter, a company specializing in detecting and blocking malicious code, will highlight various strategies SecuLetter's Middle East Partner, Best IT...

Zain KSA top performer in 5G services

  Zain KSA ranked first in the mobile 5G average download speed Company also a topper in the Fixed Internet...

NtechLab, the world leader in computer vision, comes to UAE

NtechLab serves more than 100 customers in over 20 countries NtechLab products are in demand in public and corporate security,...

Ericsson ConsumerLab: 5G changing smartphone use in UAE

Largest 5G consumer study to date captures opinions equivalent to 1.3 billion consumers and 220 million 5G users globally Early...

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...

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.