Dubai, UAE---The Central Bank of UAE Sunday launched Financial Infrastructure Transformation Program (FIT program) to accelerate the digital transformation in the financial services sector. In a statement, the bank said the FIT is a step towards enabling the CBUAE to be among the top central banks globally. The program aims...

Abu Dhabi, UAE - The International Defense Conference 2023 will be held on 19th February at the ADNOC Business Centre in Abu Dhabi. A large number of leaders, decision-makers, ministers, senior officials and speakers representing defense industries from all over the world are expected to participate in it, local media...

Riyadh, Saudi Arabia–- Investments, launches and announcements valued at more than $9 billion were made at the 2nd edition of the International Technology Conference, LEAP23, which concluded Thursday. A record 300,000 people from more than 100 countries visited the event, making it the largest global gathering for technology and digitization...

The two Gulf countries expect new strategy to result in a rapid economic transformation and offer new revenue stream, allowing them to cut down reliance on crude oil income.

Media reports said the overnight success of ChatGPT was designated a "code red" threat at Google with founders Sergey Brin and Larry Page -- who left several years ago -- brought back to brainstorm ideas and fast-track a response.

The $53-million direct lending fund is Shariah compliant.

Israeli premier Benjamin Netanyahu says the 'reform', which will give Israel's parliament the power to override court decisions with a bare majority, won't impact the economy.

There is a rise in the interest of foreign investors in the MENA startup ecosystem as their share increased from 20 percent in 2021 to 47 percent in 2022, reports suggest.

The ADIO, during the event, announced its support for three innovative global companies -- Ubisoft, Insilico Medicine and the Applied AI Company -- as the UAE capital’s tech ecosystem begins 2023 in expansion mode and seeks to enhance its tech R&D and operational capabilities.

Non-Gulf countries' contributions to the digital economy in the region will increase to more than 35 percent during this time, says a latest report.

Microsoft has extended its partnership with OpenAI.

Google's parent company Alphabet announced about 12,000 job cuts globally citing a changing "economic reality", becoming the latest US tech giant to enact large-scale restructuring. The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner...

Sharjah, UAE - The Sharjah Academy for Astronomy, Space Sciences and Technology (SAASST) of the University of Sharjah (UoS), has received the first communication signal from its first CubeSat, “Sharjah-Sat-1,” on Tuesday, once it reached its orbit around Earth. Sharjah-Sat-1 is the first miniaturized satellite, launched by SAASST on Jan...

ADNOC, FNRC, Masdar and 44.01 to pilot a technology in Fujairah.

The world’s top current risks are energy, food, inflation and the overall cost of living crisis. Over the next two years, the cost-of-living crisis remains the number one threat, followed by natural disasters and trade and technology wars, she adds, quoting the WEF's Global Risks Report 2023.

ABU DHABI, UAE - IDEX and NAVDEX 2023 exhibitions, to be held from February 20-23 in Abu Dhabi, will host over 15 high-level panels. ADNEC Group is organizing the 16th edition of the International Defense Exhibition & Conference (IDEX 2023), and the seventh edition of the Naval Defense & Maritime...

The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.

That’s because today’s consumer has grown used to the convenience of online ordering – and they’re even willing to cut back on other activities to keep enjoying restaurant-quality meals from home. The latest technologies have revolutionized the food-service industry in more than one way, he adds.

Nearly 60 percent of organizations in the region had increased their cybersecurity spending in 2022, Abhay Pandey, Founder and CEO at MAST Consulting Group, tells TRENDS.

The global market for key mass-manufactured technologies including solar panels, wind turbines, electric vehicle batteries, heat pumps and electrolyzers for hydrogen will be worth around $650 billion a year by the end of the decade, the IEA predicted in a report.

As Emiratization and Saudization requirements are mandatory for all businesses operating in the region, and large expatriate workforces are also common, there are many ways that organizations could make use of technology in easing the management of the processes involved, adds Goble.

Face and iris recognition technology vary by country in the region, and expecting it to be implemented in many airports around the world in a short time is unrealistic, says an expert.

A reshuffle of Ant's shareholding structure will now see Ma cede control of the fintech giant he founded in 2014. He will hold just 6.2 percent of the voting rights as the company moves to ensure "no shareholder, alone or jointly with other parties, will have control over Ant Group",...

Seven industries - advanced manufacturing services, retail, banking, energy, healthcare, consumer products, and automotive - are poised to be the key gainers, says a report.

Through Dubai Metaverse Strategy, the emirate looks to create 40,000 virtual jobs and add $4 billion to the economy over the next five years.

Since the COVID-19 outbreak, GCC banks have experienced a growth of more than 10 percent annually, a positive sign that is likely to earn a higher return on equities.

Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while only 50% trust retailers in the region.

Telco companies have already been building clouds for years, but as the drive towards distributed applications, choice and a highly flexible environment increases, we’ll start to see more cloud companies get into networking, infrastructure and customer-site management, adds Baguley.

Sustainability remains key focus as the UAE and Saudi Arabia speed up digitalization, which has been the fundamental pillar of the transformative economic goals of the GCC nations.

With an intensified focus on end user quality of experience while increasing protection from cyberattacks, IT will look to a single centralized management system with visibility across the network and the ability to configure edge-to-cloud QoS and security policies, adds Hughes.

ABU DHABI, UAE  - The Ministry of Economy has announced that Creative Zone, one of the UAE's largest consulting and business establishment companies, has joined the NextGenFDI initiative. The NextGenFDI program, which was launched in July 2022, aims to attract digitally-advanced companies to the UAE and develop the next generation...

In the first nine months of 2022, real estate transactions in the region totaled more than US$143bn, surpassing the full-year US$136.9bn figure during 2021, says Kamco Invest.

With 283 deals worth $23.8 billion in the first three quarters of 2022, the region’s M&A activity has returned to pre-pandemic levels, a BCG report has highlighted.

Rabat, Morocco - UAE and Morocco discussed ways of boosting their cooperation and investment opportunities in industry, economy, investments, culture, and tourism. The discussion occurred between Sultan Ahmed Al Jaber, UAE's Minister of Industry and Advanced Technology and Aziz Akhannouch, Prime Minister of Morocco, in Morocco. The visit is a...

Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success rates of phishing attempts.

Studies suggest that the Middle East and Africa region rank fourth worldwide in terms of the most ransomware attacks. Between Q1 2021 and Q1 2022, the data belonging to 147 companies from the region was uploaded on ransomware dedicated leak sites, adds Taylor, highlighting one of the many threats faced...

Called Dr. Nabat, the application is a result of collaboration between ICBA and the University of Barcelona.

Enterprise technology will move from closed, centralized platforms to more open, federated, and streaming ecosystems of services. The key battlegrounds will shift from core product and enterprise resources management systems to customer-centric digital experience and intelligent engagement ecosystems, they add.

Artificial Intelligence promoters reckon it is revolutionizing human experience, but critics stress that the technology risks putting machines in charge of life-changing decisions. Its promoters reckon it is revolutionizing human experience, but critics stress that the technology risks putting machines in charge of life-changing decisions. Regulators in Europe and North...

People share ideas or content or experiences that reinforce their values or their sense of identity, which is good for their “personal brand”. There’s no better marketing than friends and family recommending products to their peers. Eventually, customers will become custodians of brands, he adds.

The Advanced Technology Research Council, Faisal Al Bannai said, has 6 main research areas, including health, food, transportation and space sector.

Investors are paying greater attention than ever before to the founders' backgrounds, personalities and achievements, says Arwa Shafi of Saudi startup accelerator TAQADAM.

ABU DHABI, UAE - Experts from UK and the UAE participated in a Sci-Tech Virtual Tour of the Emirates science and technology ecosystem. The virtual tour was organized by UAE’s Ministry of Industry and Advanced Technology (MoIAT), the Ministry of Foreign Affairs and International Cooperation (MoFAIC), UAE Embassy in London,...

With the use of advanced analytics platforms, marketers can measure consumer engagements, gaining insights into their brand equity, learning to reach different customer segments, and responding with their offerings. This leads to personalized brand experiences for customers, he adds.

With data doubling in size every two years, effective info processing, analysis tools and storage technologies are required along with a defined digital strategy, says an expert.

Innovation and technology can be powerful tools for inclusion, enhancing access to information, education, and lifelong learning, opening new avenues for people of determination to participate in the workforce and society at large on an equal basis, he highlights in a message.

“Some big techs are facing crisis with large-scale layoffs and investment cuts. As digital space offers enough space and opportunity for diverse players, when they aggregate together and push back against the big giants, that will be the beginning of the defeat of the big tech,” he adds.

The summit will bring together data leaders, high-level government officials, entrepreneurs, technologists, scientists and journalists to engage in dialogue on making data a global good.

It is essential to adopt sustainable water management practices to build resilience, sustain peace and improve the well-being of local populations. Coordinated action is needed urgently to tackle the water crisis in the MENA region, which has reached unprecedented levels, he adds.

Sheikh Hamdan bin Mohammed, who is also Dubai’s Higher Committee of Future Technology Development and Digital Economy Chairman, said this while approving the new phase of the Dubai Metaverse Strategy aimed at enhancing the digital economy and implement measures to empower the use of future technologies.