Despite last year's challenges, the region is set to see robust growth this year, led by the UAE, which is expected to top the economic performance with a 4% GDP growth.

Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals a latest study by Illumio.

Adoption is driven by government initiatives, global cloud providers, and the need for agility and scalability in the region.

The region's IT spending is set to rise by 4% to $183.8 billion in 2024, with software and IT services witnessing double-digit growth, and device spending recovering post-2023 decline.

The region's IT spending is set to rise by 4% to $183.8 billion in 2024, with software and IT services witnessing double-digit growth, and device spending recovering post-2023 decline.

CEO Daniel Zhang was due to take charge of the firm's new cloud computing branch, now a separate entity, on Monday. But two months after announcing his appointment, Alibaba said its now ex-boss was no longer with the company. "The board of our Company expresses its deepest appreciation to Mr...

Alibaba's revenue amounted to 234.1 billion yuan ($32.5 billion).

Guangdong, China - A DEWA delegation led by Al Tayer, MD and CEO DEWA, discussed enhancing cooperation and exchanging experiences in energy storage, smart grids, digital transformation, cloud computing, and electric vehicle charging station with Huawei in China. Digital DEWA and Huawei signed an MoU which focuses on accelerating digital...

BRUSSELS, BELGIUM- The European Commission approved US chipmaker Broadcom's planned $61 billion takeover of cloud computing firm VMware on Wednesday, conditional on the company fulfilling certain commitments to ease competition concerns. The massive deal had raised concerns about competition, prompting probes by antitrust watchdogs in the European Union and Britain. The...

Financial institutions in the Gulf region are also focusing on sustainable practices like renewable energy investments, reducing their carbon footprint, and supporting sustainable businesses, say experts,

Dubai, UAE - Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) and Christian Klein, CEO and member of the Executive Board of SAP-SE, a leading global software corporation, Wednesday discussed collaboration and ways to enhance the digital transformation of the utility sector. They also...

Building something even near the scale of what OpenAI, Microsoft or Google have on offer would require billions in investment on chips and quality human resources. OpenAI bled around $540 million last year as it developed ChatGPT and says it needs $100 billion to meet its ambitions.

Pentagon announced Wednesday it has awarded $9 billion in cloud computing contracts to Amazon, Google, Microsoft and Oracle.

The Saudi Telecom Co. will pay $532m in quarterly dividend.

Shares sank nearly 5 percent to $2,257 on the news.

Cloud market in UAE is at emerging stage and is likely to witness rapid growth in the coming years due to high adoption rate among SME’s and the digital transformation agenda.

G42 Cloud, a subsidiary of G42, the UAE-based AI and cloud computing company, and Serbia signed a Memorandum of Understanding (MoU) to develop AI and cloud computing solutions in the fields of healthcare and finance.

In the last two years, Saudi Arabia has attracted more than $2 billion in investments in cloud computing according to Deputy Minister for Technology Development Nawaf D. Al-Hoshan.

The Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) company, will participate in LEAP technology conference, a global gathering for technology future and emerging experts. Saudi media reports said that AEC will display a complete range of solutions, systems, and products, including its flagship Data Diode, a next-generation...

The tech giant bought Activision Blizzard last week.

The biopharma campus is expected to be set up in Abu Dhabi.

DEWA has implemented Fourth Industrial Revolution technologies, such as Artificial Intelligence, Cloud Computing and the Internet of Things to drive the transition to a low-carbon future while contributing to sustainable and inclusive economic development in the UAE and globally

The strong demand for cloud computing in the Gulf region is driven by efforts of the member states to diversify economies, a young digital society and increasing digitization by firms.