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AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

GenAI set to bridge cybersecurity skills gap by 2028

As GenAI narrows cybersecurity skills gap, organizations will prioritize aptitude over specialized education, adapting hiring practices to meet demands of...

US bans import of Apple Watch due to patent clash

A US import ban on certain Apple smartwatch models came into effect, after the Biden administration opted not to veto...
  • Apple last week paused its US sales of Apple Watch Series 9 and Apple Watch Ultra 2.
  • The move came into effect on the online Apple Store on December 21, with retail locations ceasing sales December 24.

Saudi Arabia jumps to second rank in ICT index among G20 nations

Riyadh, Saudi Arabia -- Saudi Arabia jumped 10 ranks to second place among the G20 countries according to International Telecommunication...
  • The index monitors the economies of 169 countries to measure their progress in ICT services through two main pillars ‘universal connectivity’ and ‘meaningful connectivity.
  • It reflects the robust and developed digital infrastructure, with an increase of 99 percent of Internet penetration rate in Saudi Arabia.

7,000 digital marriage contracts delivered in Abu Dhabi since Oct

Abu Dhabi, UAE -- The Abu Dhabi Judicial Department has introduced a new service that allows marriage contracts to be...
  • This is the first service of its kind and it enables the marriage contract to be sent directly to the spouses during the contract session.
  • Customers can review the available times of the authorized officiants and receive the results of the suitors' medical examination automatically.

UNCTAD eWeek focuses on AI risks, e-commerce growth in developing countries

At UNCTAD eWeek 2023, experts stress the importance of aligning AI development with Sustainable Development Goals to mitigate risks and...
  • At UNCTAD eWeek 2023, experts stress the importance of aligning AI development with Sustainable Development Goals to mitigate risks and ensure a secure digital future.
  • Australia committed $2 million to UNCTAD for e-commerce support in developing nations, as Kenya unveiled a national strategy to spur its digital economy growth.

Bayanat, Yahsat to merge           

It will benefit from revenue synergies, economies of scale.
  • The merger will create an AI-powered space technology champion in the MENA region with an implied market capitalization of over US$4 billion.
  • The combined entity will be vertically integrated and optimally positioned to capture regional, global opportunities in geospatial and mobility solutions.

79% UAE employees think digital skills crucial for success

Dubai, UAE – About 79 percent of UAE employees believe digital skills are crucial for business success, and 84 percent...
  • The survey included over 5,500 working adults from the UAE, France, Germany, Ireland, Italy, Sweden, Switzerland, the Netherlands, and the UK
  • A significant 81 percent of UAE employees also believe that businesses should actively foster the development of AI skills in their workforce.

UAE issues federal decree on regulating electronic, digital media

ABU DHABI, UAE - The UAE Government has issued a federal decree which aims to regulate and organize media in...
  • The decree aims to promote the UAE as a global media hub and establish an enabling environment for the growth and prosperity of the sector.
  • The provisions of the decree apply to individuals, organizations, media outlets, and free zones dedicated to the media in the UAE.

GCC media outlets think outside the box to stay afloat

Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche"...
  • Many believe news media outlets have been distracted from their role to safeguard space for informed debate on public issues
  • Several well trusted media outlets with deep pockets are battling against thinning revenues and being forced to think differently

NCSC seeks to regulate Jordan’s cybersecurity market

AMMAN, JORDAN - National Cyber Security Center (NCSC) seeks to regulate the Kingdom's cybersecurity market by outlining and endorsing the...
  • One of the NCSC's key measures focuses on issuing Cybersecurity Services Licensing System, its director said.
  • This would "effectively" contribute to strengthening and supporting Jordanian companies to enter the cybersecurity market.

Canada print media to get two-thirds of Google’s payment to news outlets

The agreement between Canada and Google is part of the Online News Act, which aims to support a struggling Canadian...
  • After months of negotiations, Ottawa and Google announced a "historic" agreement, where the tech giant would pay Canadian media companies compensation for the loss of ad revenue
  • The agreement between Canada and Google is part of the Online News Act, which aims to support a struggling Canadian news sector that has seen a flight of advertising dollars

‘Grave step backwards’: Meta shuts monitoring tool in election year

Washington, US - A digital tool considered vital in tracking viral falsehoods, CrowdTangle will be decommissioned by Facebook owner Meta in...

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Apple’s changes contradicts European rules, 34 firms complain

Brussels, Belgium - Changes Apple is making to its services in the European Union "make a mockery" of new antitrust rules...

Web Summit: 24 MoUs signed between Qatari institutions and global tech firms

Doha, Qatar - Web Summit Qatar 2024, the world's largest tech events debut in the Middle East and Africa, ended...

Facebook parent Meta to stop paying Australian news media

Meta had previously announced it would not renew content deals with news publishers in the United States, Britain, France and...

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AI entity is Board Observer in IHC

IHC is a pioneer in leveraging AI for decision-making.
  • Aiden Insight is a virtual entity endowed with sophisticated AI capabilities, and is set to revolutionise the way IHC handles the global investment landscape.
  • This initiative by IHC is powered by AI capabilities of G42 in collaboration with Microsoft, setting a new benchmark for artificial intelligence development.

MENA ups cybersecurity ante to combat GenAI risks

With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are...
  • With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are investing heavily to safeguard their futures.
  • A surge is seen in security and risk management spending, highlighting critical need for robust cybersecurity measures and a proactive approach to manage digital risks.

Saudi media ministry and Google join forces for digital transformation

Riyadh, Saudi Arabia - Saudi Ministry of Media and Google have joined forces in a strategic collaboration aimed at driving...
  • The collaborative effort intends to introduce specialized programs to enhance the skills of local media professionals, journalists, and content creators
  • The partnership seeks to share global best practices in the media sector, with a particular emphasis on leveraging artificial intelligence tools, especially within newsrooms