‘Something is rotten’: Apple’s AI strategy faces doubts
New York, United States - Has Apple, the biggest company in the world, bungled its generative artificial intelligence strategy? Doubts blew out into the open when one of the company's closest observers, tech analyst John Gruber, earlier this month gave a blistering critique in a blog post titled "Something Is...
China cuts rates as economic recovery weaker than expected
The world's second-biggest economy saw a bounce in business activity as some coronavirus restrictions eased in June, but the boost is fading and Beijing remains welded to a zero-Covid policy of snap lockdowns and long quarantines, which has battered sentiment.Asian markets rise as US data boosts hopes of slower Fed hikes
Asian stocks rose Friday after data showing another contraction in the US economy boosted hopes that the Federal Reserve will slow its pace of interest rate hikes. After an extended period of pessimism on trading floors fuelled by soaring inflation and the central bank's monetary tightening campaign, investors are beginning...Zain Group Q2 net profit $165m
The Group will pay a half-year dividend of 10 fils per share.Equities climb up on back of high US consumer spending
Stocks soared Friday after retail sales data showed that US consumers continue to spend more in the latest signal of the economy's resilience despite high inflation and rising interest rates. Wall Street pushed higher on a better-than-expected 1.0 percent rise in retail sales in June.Integrity of digital infrastructure crucial for companies
For businesses who feel they have no choice but to pay cybercriminals in order to unlock their files, they not only put their money at risk, but also put their reputation at stake. Thus, a robust cybersecurity strategy as well as having an insurance policy against data breaches should be...UAE imports of Spanish fruit and vegetables top AED181m
Spain exported a total of 22,827 tonnes of fruit and 17,753 tons of vegetables to the UAE last year.MEmob+ integrates blockchain technology, first MENA tech company to do so
MEmob+ has invested substantially in blockchain technology to offer its clients the most advanced and effective advertising services.Stan Chart unveils API in KSA
The British company aims to ensure data security.TikTok says Oracle to keep US user data safe
TikTok on Friday said Oracle will store all the data from its US users, in a bid to allay fears about its safety in the hands of a platform owned by ByteDance in China. The announcement came as the popular video snippet sharing service fended off concerns about the ability...Dubai records decade-high sales transactions in May
Mo’asher’s data for May highlights the continuous positive performance of Dubai's real estate sector throughout 2022.Half of finance firms in UK, US prefer internal data collection
Half of all financial services organizations in the US and UK prefer managing web scraping practices internally, compared to just 11 percent that prefer to outsource the process completelyEuropean equities retreat before US inflation data
European stock markets retreated at the open Friday following losses in Tokyo, with all eyes on US inflation data and its impact on the outlook for interest rate rises. London's benchmark FTSE 100 index dropped 0.5 percent to 7,442.31 points.Twitter agrees to share data with Musk to end standoff
Twitter will yield to Elon Musk's demand for internal data central to a standoff over his troubled $44 billion bid to buy the platform, US media reported on Wednesday. The news comes just days after the Tesla chief threatened to back out of his deal to purchase Twitter.Saudi GDP up nearly 10 percent in Q1 on oil activities
The Gross Domestic Product (GDP) of Saudi Arabia grew by 9.9 percent in Q1 of 2022 compared to Q1 of 2021, and the seasonally adjusted GDP increased by 2.6 percent compared to Q4/2021. The GDP Report for Q1 2022 released Tuesday by the General Authority for Statistics (GASTAT), said this....Equities make broad rally as China relaxes Covid curbs
Markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some of its strict Covid curbs in Shanghai and Beijing, lifting hopes for the world's number two economy. The US reading lent hope that the worst of the inflation surge may...Agreement signed for new payment channels and services on AjmanPay app
Ajman’s Department of Finance (DoF) signed a cooperation agreement with First Abu Dhabi Bank (FAB) and Magnati to support the launch of new payment channels and services through the AjmanPay application. This agreement is in line with Ajman government’s strategy of fostering strategic partnerships between the public and private sectors,...Turkey inflation surges close to 70 percent in April
Turkey's official inflation rate spiraled to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil.Turkey inflation spirals to nearly 70% in April
Turkey's official inflation rate spiralled to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil. The consumer price index rose by 69.97 percent year-on-year in April compared with 61.14 percent...Increase in Japan’s imports of UAE crude oil in March
This puts the UAE on the top of crude oil providers and at crucial importance for the Japanese energy needs.Eurozone unemployment hits new historic low in March
The unemployment rate in the eurozone reached its lowest level ever recorded in March, the EU's official statistics agency said on Tuesday. Eurostat said 6.8 percent of the workforce were without a job, down 0.1 percentage point from February. The February figure was revised upwards fractionally from the 6.8 percent...Soaring global urban tech market to benefit KSA: Mastercard report
The paper has shone a spotlight on how Saudi Arabia’s e-government, tourism, healthcare, and transit sectors stand to benefit from the smart city revolution in the Kingdom.Mubadala invests in PDG
Singapore-based Princeton Digital Group (PDG) has closed an equity investment from Mubadala Investment Company (Mubadala) as a lead investor for $350 millionFed official says March rate hike will depend on data
"I support raising the federal funds rate at our next meeting in March," governor Michelle Bowman said.UAE cooperation could help Rwanda launch own satellites: Minister
Rwanda is keen to have the UAE’s cooperation to utilize geospatial data in developmental projects in key sectors.Data cover: GCC sees rise in cyber insurance demand
Compared to Europe and US, cyber insurance is a profitable proposition for GCC firms due to amenable market factors such as low litigation environment.Erdogan sacks top official for high inflation figure
Turkish President Recep Tayyip Erdogan has sacked the head of the state statistics agency, according to a decree published Saturday, after releasing data showing last year's inflation rate hit a 19-year high of 36.1 percent. The 2021 inflation figure released by Dincer angered both the pro-government and opposition camps.Record real estate deals in 2021 will drive the sector in next 50 years: DLD
The record real estate transactions will contribute to driving the sector in the next 50 years during which the UAE seeks to build the best economy globally, Dubai Land Department said on Friday. A total of 84,196 real estate transactions worth almost AED 300 billion ($81.67 bn) were recorded last...France’s economy posts fastest growth in 52 years
France's economy grew at its fastest pace since 1969 last year, official data showed Friday, enjoying a strong rebound from coronavirus lockdowns fueled in part by massive government support.US lawsuit could turn global headache for Google
If the search giant loses this lawsuit, it could have to pay back a significant portion of the revenue it generated through advertisements.Meta touts supercomputer
The device is up to 20 times faster than Facebook’s current systems.Dubai Land Department and three firms team up to provide real estate data
Dubai Land Department (DLD) has signed memoranda of understanding (MoUs) with three companies that specialize in providing smart and advanced real estate solutions: Bayut, DXBinteract.com, and Property Finder. Local media reports said the MoUs aim to provide Dubai’s real estate market with the best solutions that rely on data and...Last nine years all among 10 hottest-ever: US agency
The nine years spanning 2013-2021 all rank among the 10 hottest on record, according to an annual report by the US National Oceanic and Atmospheric Administration (NOAA) published Thursday, the latest data underscoring the global climate crisis. For 2021, the average temperature across global surfaces was 1.51 degrees Fahrenheit (0.84...Mineral resources key to supporting Saudi economy: Investment Minister
Saudi Arabia’s Minister of Investment Khalid bin Abdulaziz Al-Falih said that the mineral resources sector is among the most important resources that support countries’ economies. Participating in a session of the International Mining Conference, he said that the Kingdom of Saudi Arabia has increased its competitiveness in the sector through...Markets struggle ahead of US jobs report, expected interest hike by Fed
Global stock markets wavered Friday as dealers awaited vital US jobs data and mulled the Federal Reserve's readiness to hike interest rates aggressively. London stocks edged higher in late morning deals, while Frankfurt nudged lower and Paris was flat nearing midday in the eurozone. The dollar was under pressure before...France hits Google, Facebook with huge fines over ‘cookies’
Cookies are little packets of data that are set up on a user's computer when they visit a website, allowing web browsers to save information about their session.Tunisia’s budget deficit narrows to nearly $1.3 billion at Sept end
Tunisia's budget deficit has narrowed to nearly 3.8 billion ($1.3 billion), at the end of September 2021, against 4.9 billion dinars, in September 2020, down 23 percent, local media reports said, citing Finance Ministry's budget data. The decrease in the budget deficit is due to the increase in budgetary resources...FCSC documents UAE’s success since discovery of oil in 1950s
In its new report to be published soon, titled "The UAE: Data Documenting the Journey until 2020", the Federal Competitiveness and Statistics Centre (FCSC) reveals key facts and figures underscoring the country's economic growth during the past 50 years, to mark the country's Golden Jubilee.Jordanian tourism income up 61.2% in first ten months of 2021
On a monthly level, the tourism revenues during October of 2021 rose by $302 million, reaching $352 million, compared with the same month of last year, owing to an increase of tourist numbers by about 278,000 visitors, raising the total to 322,000, the figures revealed.Theft of data worries UAE and Saudi residents, says study
Ding launched the second Ding Global Prepaid Index (GPI)in the United Arab Emirates and Saudi Arabia.Singapore-based Near acquires minority stake in MEmob+
Near will work with MEmob+ to continue its global expansion with a push into the Middle East and Africa.Electrified cars hit almost a fifth of EU Q3 vehicle sales
At least one in five vehicles sold in the European Union (EU) in the third quarter of the current fiscal was an electrified model as sales continued to soar while fossil-fuel cars slumped, according to sales data released yesterday by a trade organization.Etisalat Group and G42 partner to merge Khazna data centers
Etisalat Group and G42 have joined hands to merge their data centers, creating the UAE's largest data center provider. A total of 12 data centers will be merged under the joint venture operating under Khazna Data Centres. G42 and Etisalat Group will each own 60 percent and 40 percent of...Asian markets weighed by inflation woes, China growth slows
The losses follow a healthy run-up last week across the world fuelled by a strong start to the earnings season.Still no decision on Georgieva keeping her job: IMF
An investigation by a law firm has concluded that Georgieva manipulated data in favor of China while in a senior role at the World Bank.Evorra secures pre-seed investment
Investors include Area Tech Holdings and FirstPartyCapital.IMF to decide ‘very soon’ on whether Georgieva keeps her job
The IMF Executive Board is reviewing last month's investigation by the law firm WilmerHale that found that during her time as World Bank CEO, Georgieva was among top officials who pressured staff into changing data to China's benefit in the 2018 edition of its closely watched Doing Business report.Arab world warming up to data analytics: Expert
Data analysts are already helping businesses set marketing strategies, explains Jadd Elliot Dib, founder and CEO of Pangaea X.Saudi Arabia seeks to attract $5.3bn in investments in data and AI
Saudi Arabia aims to be one of the top 10 countries in the world in data and artificial intelligence, and in this direction the kingdom is has put 25,000 data and AI specialists through training.UAE’s non-oil trade weathers pandemic to reach $371 billion in 2020
DUBAI: The UAE's non-oil trade rose to AED 1.403 trillion ($371 billion), reflecting the country's robust trade exchanges despite the negative impact of the Covid-19 pandemic The Federal Center for Competitiveness and Statistics (FCSA) data said the UAE commanded a coveted position globally and regionally in merchandise trade, with its...OptiNAND: WD’s new disk feature
Data retention, performance enhanced in the new architecture.