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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.

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...

Erem Media’s use of iZooto reduces dependency on Google

iZooto replaces Google search as number 1 source of traffic for Erem Media Group 

RTA eyes futuristic suspended transport network in Dubai

The use of this type of transport in Dubai is aimed at accelerating the mobility of people, ease congestion

Survey: 66% business leaders in Egypt, GCC to invest more in data analytics

Incorta, a US data analytics company, conducted the survey About 153 business leaders in 11 industries from Egypt,  GCC took...

Saudi Arabia to hold hacking event in November

@Hack set to be one of the largest cyber security events in the world It will host offensive security hackers...

Saudi AI authority, King Abdullah University sign MoU for research and innovation

The worldwide market for AI is expected to generate revenues to the tune of $554 billion by 2024

MENA region to see fall in PC device shipments in Q2 2021

  The Middle East and Africa personal computer devices market will see a decline of 2.4 percent year-on-year in the...

SIB, Noqodi sign agreement

The Noqodi platform will enable digital payments.

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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...

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...

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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.

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".