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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Building futuristic sustainable urban cities starts from the underground up

Underground innovation, digitization, and AI are vital for sustainable, inclusive, and resilient future cities, says Sam Wiffen, director and founder...
  • By 2050, the population of the world’s cities is expected to double from the World Bank’s current estimate of 4.4 billion people.
  • Modern citizens are increasingly dissatisfied with urban living characterized by overcrowding, noise pollution, environmental challenges, poor infrastructure, inadequate responses.

Japan puts world’s most accurate clock on sale for $3.3 million

The "Aether clock OC 020" is so precise that it would take 10 billion years for it to deviate by...
  • Shimadzu is aiming to sell 10 of its clocks over the next three years and hopes its customers will use them to advance scientific research.
  • Known as a "strontium optical lattice clock", it is 100 times more accurate than caesium atomic clocks, the current standard for defining seconds.

The future is already here

Humanity is on a tech-fueled trajectory. Data and informed predictions are inspiring, showing how AI is reshaping economies, smart cities...
  • The global travel and tourism industry is projected to contribute over $15 trillion annually to the world economy by 2030.
  • By 2035, 60% of the city traffic and emissions can be reduced thanks to shared autonomous electric vehicles.

Two lunar landings in a week for NASA’s private Moon fleet

Washington, United States -- More than fifty years passed between the last Apollo mission and the United States' return to...
  • First up is Firefly Aerospace's Blue Ghost Mission 1, nicknamed "Ghost Riders in the Sky."
  • Blue Ghost's arrival will be followed on March 6 by Intuitive Machines' IM-2 mission, featuring its lander, Athena.

How cyber criminals steal cryptocurrency

Hackers from North Korea have become notorious for their sophisticated and relentless tradecraft, according to Chainalysis. Nearly 60 percent of...
  • A recent $1.5-billion heist of Ethereum from the Bybit platform -- attributed by the FBI to North Korean hackers -- is believed to be the largest yet.
  • Cryptocurrencies are based on blockchain technology, which publicly records transactions between people holding and exchanging them.

AI to replace 4,000 jobs in Southeast Asia’s largest bank: DBS

Singapore, Singapore -- Southeast Asia's largest bank DBS said that 4,000 jobs could be cut in the next three years...
  • A Bloomberg Intelligence report last month said banks worldwide will cut as many as 200,000 positions in the next three to five years due to AI.
  • Last year, the International Monetary Fund said AI could affect around 40 percent of jobs around the world.

OpenAI board rejects Elon Musk-led $97.4 billion buyout offer

San Francisco, United States -- OpenAI's board chairman on Friday said it has unanimously rejected an Elon Musk-led offer to buy...
  • Musk filed court documents saying he will withdraw the offer to buy OpenAI if its board returns the artificial intelligence pioneer to a non-profit "charity" model.
  • OpenAI currently operates a hybrid structure, as a non-profit with a money-making subsidiary.

UAE to launch DeepSeek-inspired AI models: Faisal Al Bannai

Dubai, United Arab Emirates -- The United Arab Emirates is planning to launch new artificial intelligence models inspired by China's DeepSeek,...
  • The UAE is betting big on the transformational technology as part of its push to diversify its economy away from fossil fuels.
  • The UAE launched Falcon in 2023, a large language model that compared favorably with industry leaders including OpenAI's ChatGPT.

Art and culture retain power to humanize the Intelligent Age, says WEF’s Fowler

Davos, Switzerland -- In an age where artificial intelligence is reshaping our lives, the World Economic Forum's Arts and Culture...
  • I see talent emerging in the MENA region, UAE especially. Saudi Arabia is extremely exciting at the moment with the focus they're placing on culture, Fowler said.
  • The UAE is extremely forward-thinking. They absolutely have a finger on the pulse when it comes to technology and how technology can be integrated into everyday life.

Tech Mahindra’s Ram Ramachandran: MEA, India key to shaping future in multipolar world

Davos, Switzerland -- The Middle East, Africa, and India have an important role and influence in shaping the evolving world order...
  • The representation accorded to the Middle East, Africa, and India at Davos shows the growing promise of the region towards global world order, he said.
  • We are going to see innovation happening from the Middle East outwards, which has never happened earlier, Ramachandran said.

AI needs to be smaller, reduce energy footprint: UNESCO study

Paris, France -- The potential of artificial intelligence is immense -- but its equally vast energy consumption needs curbing, with...

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The five biggest-selling gaming consoles

From the first video game consoles of the 1970s to the Nintendo Switch 2 due out on Thursday, hundreds of...

Silicon Valley VCs navigate uncertain AI future

The generative AI frenzy unleashed by ChatGPT in 2022 has propelled a handful of venture-backed companies to eye-watering valuations.

Saudi Pro League announces long-term partnership with Maaden

Riyadh, Saudi Arabia - The Saudi Pro League (SPL) and Saudi Arabian Mining Company (Maaden) have agreed a long-term strategic...

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Anthropic’s Claude AI gets smarter — and mischievious

San Francisco, United States -- Anthropic launched its latest Claude generative artificial intelligence (GenAI) models on Thursday, claiming to set...
  • "Claude Opus 4 is our most powerful model yet, and the best coding model in the world," Anthropic chief executive Dario Amodei said.
  • Opus 4 and Sonnet 4 were described as "hybrid" models capable of quick responses as well as more thoughtful results that take a little time to get things right.

Global anti-malware crackdown leads to 20 arrest warrants, Europol says

Authorities took down more than 300 servers worldwide, neutralized 650 domains and seized 3.5 million euros ($3.9 million) in cryptocurrency,...
  • The software taken down, known as "initial access malware", is used "for initial infection, helping cybercriminals to enter victims' systems unnoticed.
  • In total, "3.5 million euros in cryptocurrency" were seized, the agencies added, bringing the total amount of cryptocurrency seized during Endgame to 21.2 million euros.

Ads pressured to evolve as AI changes Google search

San Francisco, United States -- As Google races to lead in artificial intelligence, it faces the challenge of making sure...
  • The internet giant is dabbling with ads in its new AI Mode for online search, a strategic move to fend off competition from ChatGPT.
  • A new AI Mode enables conversational interaction with Google during search queries, providing answers in diverse formats, such as video, audio or graphs.