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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.

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...

Kalaam Telecom acquires Kuwaiti ISP leader Zajil Telecom

  The combined entity will turn it into a $100m technology solutions company Kalaam will be among the top three...

Huawei bats for ‘all-flash’ data centre in ‘the intelligent age’

The amount of data to be stored will rise from 32 ZB in 2018 to 180 ZB by 2025 Building...

How is technology changing the fortunes of Bahrain?

Small island nation Bahrain is spearheading its investment in the technology sector in a bid to position itself as a...

How are on-demand technologies altering the way we work?

By Anthony Khoury Technology has rapidly redefined the way we work and live our lives, allowing for new forms of...

Dubai to steer video gaming industry in region

With booming young population hooked to internet and ground-breaking breakthroughs in the areas of Artificial Intelligence and Virtual reality, video...

Arab News launches 2020 vision, new identity at Arab Media Forum

Arab News has unveiled a new identity and a “2020 vision” to cement its positioning as the leading Middle East...

Arab News launches Pakistan edition as part of global expansion

Arab News, the Middle East’s leading English-language daily, has recently announced the launch of a Pakistan online edition, as part...

In Davos, AI excitement persists but fears over managing risks

A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...

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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...

Saudi Arabian Crown Prince launches KAUST’s new strategy

RIYADH, SAUDI ARABIA - Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister and Chairman of KAUST Board...

Cloud-based tools help optimize customer experience

Customer experience leaders in organizations of any size will see increased satisfaction in self-service, routing, and agent utilization by implementing...

Most Read

Huawei H1 revenue at US$43.3bn

The firm works to diversify its business operations.
  • The Shenzhen-based company has for several years been at the center of an intense tech standoff between China and the US.
  • Since 2019, sanctions have cut the company off from global supply chains that gave it access to US-made components and technologies.

AI anxiety: workers fret over uncertain future

Legal assistants, programmers, accountants and financial advisors are among those professions feeling threatened by generative AI.
  • Goldman Sachs analysts see generative AI impacting, if not eliminating, some 300 million jobs, according to a study published in March.
  • AI is bringing with it a level of apprehension matched by climate change and the Covid-19 pandemic, a therapist said.

Ooredoo Algeria gets new CEO

Roni Tohme, the Acting CEO, has been confirmed as the CEO.
  • Tohme brings over 21 years of experience in telecoms and finance to his new role, having previously served as Ooredoo Algeria’s Chief Financial Officer.
  • During his tenure as CFO, he played a vital role in shaping an agile and lean finance department, contributing to the company’s business transformation.