The ADGM Arbitration Centre has launched the world’s-first service that hosts mediation in the metaverse. Interestingly, it was one of the focuses of Dubai event held in May.

US media have previously reported that the platform and its various branches will lay off about 10,000 employees. Amazon did not confirm the figure, but he said that the process had begun and would continue early next year. The first teams affected were those dealing with the brand's electronic devices...

Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction, owner and developer of Masar, the SR100-billion ($26 billion) destination in Makkah, has announced the signing of an agreement with BTC Networks to implement an information center and information and communication technology systems at the destination. It will also include infrastructure areas...

The new virtual training environments allow the creation of a fully realised world that can be manipulated to appeal to the learning style of a specific individual. Which means that learners not only absorb and retain information faster, they get far more pleasure and enjoyment from the process, he adds.

Abu Dhabi, UAE— Abu Dhabi Global Market (ADGM) Courts has announced the first-ever introduction of blockchain technology for the global enforcement of commercial judgments. The announcement was made during Abu Dhabi Finance Week. The blockchain solution will result in substantial time and cost savings for parties in the enforcement of...

The Kingdom has moved from ambition to action during the past two years to empower people, protect the planet and shape new horizons, says Saudi minister

Riyadh, Saudi Arabia--- The Saudi Broadcasting Authority (SBA) and three international companies with expertise in the technological and media sectors have signed several agreements at the Future of Media Exhibition (FOMEX), which was hosted in Riyadh alongside the 22nd Arab Radio and TV Festival. Mohammed Fahd Al-Harthi, CEO of SBA,...

The four largest banking markets in the GCC -- UAE, Saudi Arabia, Kuwait and Qatar — are expected to 'nearly approximate' pre-pandemic profitability ranks by the end of 2022.

Hub71 and Yahsat are both supported by Mubadala investment company.

UAE's Federal Authority for Nuclear Regulation (FANR) has recently participated in the 14th Symposium on "International Safeguards: Reflecting on the Past and Anticipating the Future", hosted by the International Atomic Energy Agency (IAEA) at its headquarters in Vienna.

She made her remarks while delivering a keynote speech at the Web Summit in Lisbon, Portugal during a sessios titled "Battling Built-In Biases."

Multi-tenant cloud-based deployment can offer vast amounts of storage, a speedy implementation, and advanced security capabilities. If the leadership team is seeking comprehensive, end-to-end transformation, multi-tenant is unequivocally the best option for the long term, he adds.

Pact aims to expand railway solutions, technology in region.

Years of strict pandemic controls and a political crackdown have hammered the Asian finance hub's economy and sparked an exodus of talent authorities say they now want to reverse.

More Saudi businesses embrace engagement technologies to boost customer experience, increase RoI and enhance productivity, says Unifonic VP & MD Ibrahim A Almohaimede.

Jakarta, Indonesia--- Indonesia would need 17 million technologically literate workers, or workers who are able to use and manage technology, State-Owned Enterprises (SOEs) Minister Erick Thohir said here on Sunday. "The country needs the younger generation to develop a knowledge-based economy so that many innovations that Indonesia needs to compete...

We don’t need to jump into every bandwagon. We need to understand our security needs first and act accordingly. Your cyber security investments will only be worthwhile if you and your employees are willing to commit to it on a long-term basis and follow good practices to ensure complete cyber...

The UAE-UK Business Council hosted its 20th Plenary Meeting in Abu Dhabi, co-chaired by Ahmed Al Sayegh, Minister of State, and Lord Udny-Lister.

Beside facilitating the delivery of quality treatment, telehealth has altered the competitive landscape of private healthcare, allowing providers to offer more cost-effective, convenient care. This has created new revenue sources while allowing providers to address resource shortages, he adds.

Beyond oil and gas, Gulf companies have made some strategic investments in sectors with strong potential for growth, including fintech, e-commerce and logistics. For example, in 2020, Saudi fintech startup Tamara established operations in Vietnam, and the UAE's B2B e-commerce provider Distichain set up a base in Singapore.

Leading Public Cloud players are not only providing more choice to Gulf organizations but also offering them speed and data residency benefits, says an expert.

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.

The move marks a significant achievement for the Group

The Zero Trust mindset brings substantial benefits. System administrators can better control devices, processes and users that engage with data in any way. When adhered to, the basic principles of Zero Trust can reduce the risks associated with insider threats, malicious activity that targets supply chain, he adds.

The move will help develop ADX derivatives market.

In a project launched at Dubai's gleaming Museum of the Future, it announced that the UAE's economy ministry was setting up shop inside the immersive virtual world that is now taking shape. Those who don their virtual reality goggles or use other means to venture within will find a ministry...

Participants were taken on an immersive space journey to a detailed metaverse city on the Red Planet.

According to a PWC estimate, the MENA region's blockchain market would reach $3.2 billion by 2024, and the UAE is working to become a major player in the field.

CIOs should consider new possibilities enabled by graphene-based technologies and start to identify emerging suppliers. While elements of business composability are already practiced, there are opportunities for CIOs to take it to the next level and prepare for the flexibility of disposable technology, he adds.

A TRENDS poll on Twitter revealed that 43.9 percent of voters preferred real estate, followed by technology at 37.4 percent.

Amazon founder Jeff Bezos who in 2013 unveiled a delivery drone in a CBS interview, predicting that within five years airborne shipments would be routinely zipping from fulfillment centers to customers' doorsteps. Things haven't quite gone that way for the company that has otherwise seeped ubiquitously into aspects of modern...

Investors and brokers are becoming more confident as the emirates's innovative systems keep tabs on the skyscrapers and the units available for housing and renting.

More efforts are required to make the world reach net zero emissions by mid-century, according to the International Energy Agency's (IEA) latest appraisal of global progress on clean energy technologies.

Optus chief executive Kelly Bayer Rosmarin said a "sophisticated" actor was behind a cyberattack, which gained access to information about up to 9.8 million users. The data accessed included customers' names, dates of birth, phone numbers and email addresses, as well as some driver's license and passport numbers.

The new Beyond the Screen nonprofit said that its first project will be to document ways big tech is failing in its "legal and ethical obligations to society" and help come up with ways to solve those problems. "We can have social media that brings out the best in us,...

Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA at Exness, tell TRENDS.

Adoption of metaverse technologies is part of the UAE government's strategy to diversify its economy away from oil as the country focuses on innovation and talent development.

The International Organization for Standardization (ISO) Annual Meeting 2022 starts Monday at the ADNOC Business Center in UAE's Abu Dhabi.

The Saudi Ministry of Interior and the Saudi Data and Artificial Intelligence Authority (SDAIA) have announced a strategic partnership for the purpose.

In the past few years, the EU has slapped eye-watering fines on Apple and Google in tax and competition cases, and drawn up a landmark law to curb the market dominance of Big Tech. Brussels has also toughened its code of conduct on disinformation and hate speech.

Developers have spent years working on a more energy-efficient version of the ethereum blockchain, a digital ledger that underpins a multibillion dollar ecosystem of cryptocurrencies, digital tokens (NFTs), games and apps.

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.

Riyadh, Saudi Arabia -Saudi Arabia has approved the establishment of duty-free markets, when necessary, at air, sea and land ports and on-board ships and aircraft. The kingdom's Zakat, Tax and Customs Authority (ZATCA) had invited the public to express their opinion on the draft Free Market Rules through “Istitlaa” platform...

Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian city of Bali.

The UAE leads the region with adoption of developed regulations as technologies such as AI and VR have revolutionized the diagnostics and treatments in the aesthetic sector.

Part of the cash is included in a huge two-trillion budget for the development and production of auto batteries that was announced by the Japanese giant in December, a spokesman told AFP. Automakers are speeding up the transition to electric as pressure grows from governments to move away from cars...

The UAE -- rated 69th globally in technology skills and 67th in data science -- has a significant chance to improve mastery of human cadres in achieving digital transformation.

It's crucial to identify the right working model to fix the challenges of digital transitions in the GCC, Nick Curran, Business Development Manager at Endava, tell TRENDS.

Turkey's finance minister told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns will follow if they do business with sanctioned Russians. Nureddin Nebati's Twitter comments represent Ankara's first official response to a letter the US Treasury sent to Turkish businesses on Monday.

To avoid threats to market share and profitability, manufacturers must stay alert and on top of the ever-evolving trends. You need to adopt modern, data-driven processes and turn to technology to help you introduce new products. It may be easier than your think—if you start in the right place, he...