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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.

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...

Tech-tonic shift; AI taking the Middle East region by storm

Artificial intelligence (AI), undisputedly the best technological gift of the digital age, together with Internet of Things, blockchain and data...

AI and death: Sundance films grapple with our digital afterlife

Park City, United States -- Artificial intelligence promises to make death "optional," as the technology learns to perfectly emulate our personalities,...

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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...

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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.