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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.

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...

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...

Dubai RTA awards US$95m contract to upgrade ticketing system   

DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...

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GCC Secretary General praises DCO role in digital transformation of Saudi economy

RIYADH, SAUDI ARABIA –  Secretary General of the Gulf Cooperation Council (GCC)Jassem Mohamed Albudaiwi visited the Digital Cooperation Organization (DCO)...

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.

Most Read

stc Group begins work in Europe

stc’s subsidiary TAWAL buys assets in eastern Europe.
  • TAWAL aims to ensure a reliable and efficient ICT infrastructure network to all mobile networks operators in the market.
  • TAWAL aims to bring significant investments, best processes and practices, as well as innovative products to its portfolio.

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.