INSEAD Day 4 - 728x90

software

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings
  • Ooredoo partners with Dropbox

    It will enable customers to access Dropbox's tools.
  • Apple to make changes to App Store in Europe

    iPhone users can download alternative app stores.
  • EU seeks critical details from Apple and Google on digital safety

    Brussels, Belgium - The EU demanded on Thursday that Apple and Google provide more details on how they identified risks concerning their respective software hubs, the App Store and Google Play. The request for information is the first step in a process begun under the EU's Digital Services Act (DSA), but...
  • 58% of firms in Saudi Arabia plan to outsource cybersecurity

    RIYADH, SAUDI ARABIA - Company bosses are boosting their cybersecurity following an alarming increase in cyberattacks, a new study commissioned by Kaspersky has found. The data shows that 71 percent of companies in Saudi Arabia suffered at least one cyber incident over the last two years. One of the main...
  • Growing IT outlays intensify MENA’s transformation

    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.
  • New update allows ChatGPT to use internet for fetching data

    New York, US - The generative AI platform ChatGPT can now fetch data directly from the internet and gather up-to-date information in real-time, its creator OpenAI said, in a major milestone for the software. Until now, ChatGPT's responses to user queries were based on a vast database, which did not contain...
  • Growing IT outlays intensify MENA’s transformation

    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.
  • European Commission orders probe into Microsoft over Teams

    Brussels, Belgium - The European Commission on Thursday announced an antitrust probe into Microsoft bundling its Teams communication app with its popular Office suite, on concerns it could be cutting out competitors. The investigation, to see whether the US software giant is "abusing and defending its market position" through the practice,...
  • DEWA, SAP-SE keen to enhance digitalization of utility sector

    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...
  • EU privacy watchdog sets up ChatGPT task force

    The European Union's central data regulator said it was forming a task force to help countries deal with AI chatbot ChatGPT, ramping up the pressure on its US maker OpenAI. Italy temporarily banned the program over allegations its data-gathering broke privacy laws, and France's regulator said it had opened a...
  • Dubai Chamber reviews software development, Artificial Intelligence sector

    DUBAI, UAE - Dubai Chamber of Digital Economy highlighted software development and artificial intelligence (AI) industry in its 10th session of regular digital industry workshops here. Top executives, business leaders, experts and entrepreneurs discussed the challenges and opportunities in the industry, local media reports said. UAE Minister of State for...
  • etisalat by e& announces first 5G satellite communications in UAE

    ABU DHABI, UAE - etisalat by e& announced on Saturday the implementation of the Eutelsat Quantum satellite solution, becoming the first telecommunications company in UAE to expand 5G network capabilities over a software-defined satellite. This will give customers access to high speeds, enhanced coverage and scalability to meet future demands...
  • DEWA CEO discusses bilateral cooperation with Emerson

    DUBAI,  UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA)  Saeed Mohammed Al Tayer received a high-level delegation from Emerson headed by Lal Karsanbhai, President and CEO. Emerson is a global leader in technology, software, and engineering. The visiting delegation included Michael Train, Chief Sustainability Officer, Emerson;...
  • Debt financing in climate tech sector set to grow

    In climate-related sectors, debt funding is becoming more prevalent outside of traditional project finance opportunities such as solar parks, wind farms and eco-friendly realty projects. Energy transition opportunities and electric mobility are attracting increasing levels of debt financing, he adds.
  • Ethereum blockchain completes software upgrade to cut energy use

    Leading cryptocurrency figures hailed on Thursday the completion of one of the biggest software upgrades the sector has ever attempted, an overhaul of the Ethereum blockchain aimed at reducing its massive energy consumption. Developers had spent years working on an energy-efficient version of Ethereum, a digital ledger that underpins tens...
  • Kubernetes simplifies container use in the Middle East

    With Kubernetes, regional enterprises have automated their deployment, managment and scaling of containerized applications. Since it is controlled by developers and not infrastructure teams, there is a better understanding which ultimately leads to high quality results, he adds.
  • Investing in HR technology crucial for small companies

    A cloud-based HR platform can help HR teams automate and streamline business processes to focus on attracting and nurturing talent. In addition to automating repetitive, low value activities, the right solution can also empower you to deliver better employee experiences, Nombika adds.
  • Digitization of govt services spurs MENA IT spending

    The IT spending in the MENA region will hit US$1.7bn in 2022 as the governments are using technology to streamline digital services and improve residents' experiences.
  • UAE to woo at least 300 global tech firms with ‘NextGenFDI’

    The UAE will encourage some 300 global technology firms and software developers to set up base in the country under the newly launched "NextGenFDI."
  • Building trust in a zero-trust environment

    How can companies effectively navigate zero trust without creating friction among employers and employees? And how do they get there without the luxury of trust-building exercises in the close quarters of an in-office environment? Vega offers a few solution to deal with the crisis.
  • Apple looks to foil secret AirTag tracking with tweaks

    Apple said it is working on enabling iPhones to more precisely locate AirTags to help people find any planted without their consent
  • Nintendo profits rise as demand booms

    The rise is also attributed to the popularity of the Switch.
  • How European rulings imperil flagship Google product

    Lax laws and sweetheart deals are becoming a thing of the past for big tech firms, particularly in Europe where a series of rulings is posing a major threat to one of Google's flagship products. Activists have filed dozens of cases with regulators in Europe arguing that the tool breaches...
  • Foxconn and Saudi in talks to create microchips manufacturing facility

    Foxconn Technology Group and Saudi Arabia are expected to jointly build a $9 billion facility that can make microchips, electric-vehicle components and other electronics. Foxconn, which is a supplier to Apple Inc, did not immediately respond to a request for comment, official sources said. According to reports, the Saudi authorities...
  • AI/ML boosts efficiency of GCC frontline workers

    The Gulf region leads in adoption of artificial intelligence or machine learning to boost productivity, says Rami Darwish, CEO of Dubai-based Arrow Labs.
  • Cooper Fitch forecasts strong GCC hiring activity to continue in 2022

    The Gulf Cooperation Council region witnessed a 40 percent rise in job creation in the last quarter of 2021 compared to the corresponding period of 2020, and hiring activity will continue to strengthen in 2022, said recruitment specialist Cooper Fitch. Job creation across the region was driven primarily by a...
  • Microsoft posts strong earnings

    The tech giant bought Activision Blizzard last week.
  • Tesla raises full self driving software price to $12,000 in US

    Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000.
  • Mubadala invests in US-based Medallia

    Medallia captures experience data from customers and employees.
  • Israel brings new law on cyber exports after Pegasus scandal

    An updated Israeli end user certificate issued Monday, to be signed by buyers, listed terrorism as including offences committed with the aim of ‘seriously intimidating a population’ or ‘unduly compelling a government’ through crimes such as hostage taking and potentially fatal attacks upon a person's life.
  • OTO gets $3m from MEVP and Derayah

    It is the 'largest seed' raised by a MENA SaaS firm.
  • Gartner predicts IT spending to touch $557bn in 2022

    Countries across the world are expected to be spending some $557 billion in 2022, up by 6.5 percent compared to 2021, on IT services and software.