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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.

5 WEF reports shaping your 2024 agenda

From AI to the future of jobs and slow climb to gender parity, WEF reports provide insights into some of...
  • Buffeted by a global energy crisis, inflationary pressures and geopolitical instability, the move to clean energy has faced a challenging time.
  • This year's top 10 emerging technologies will likely become increasingly familiar in the years ahead as they help tackle some of our biggest challenges.

Google agrees to settle $5bn data privacy breach lawsuit

Google has agreed to settle a consumer privacy lawsuit seeking at least $5 billion in damages over allegations it tracked...
  • The lawsuit, filed in a California court, claimed Google's practices had infringed on users' privacy by "intentionally" deceiving them
  • Lawyers for the plaintiffs were seeking at least $5,000 for each user it said had been tracked as they visited Google Analytics in private browsing mode

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

Women in Tech Global and UN Women launch “Beyond Ceilings” campaign on women’s empowerment 

The "Beyond Ceilings" campaign urges people to confront and challenge the glass ceiling, and reminds the audience of the vast possibilities that await women once they overcome...

Latest News

Facebook, Instagram services restored after widespread outages

More than half a million users across the globe reported issues earlier in the day, with many saying they were...

Australian media hits back as Facebook scraps news deals

Meta said on Friday it would scrap the Facebook News tab in Australia and would not renew deals with news...

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...

Most Read

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...
  • Extending a global retreat from news content, Meta said it would scrap the Facebook News tab in Australia
  • The decision had been on the cards, but will come as a hammer blow for Australian news outlets already struggling to stay afloat

UAE sets innovative media policy to propel the country onto global stage

DUBAI – Sheikh Abdulla bin Mohammed Al Hamed, Chairman of the UAE Media Council (UAEMC), has approved a comprehensive legislative...
  • The roadmap emphasizes the importance of aligning national efforts and creating partnerships to boost the UAE’s media sector.
  • It aims to develop a media industry that embraces global cultures, driven by innovation and youth leadership.

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.