INSEAD Day 4 - 728x90

users

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • Paris, France -- Meta will start using public posts and comments by its European users to train generative artificial intelligence (AI) models from May 27, unless users opt out of the data-mining project. Meta, the owner of Facebook, Instagram and Threads, said earlier this week that it would develop its...
  • Cambridge study warns of perils in AI-driven ‘intention economy’

    London, United Kingdom -- Conversational artificial intelligence (AI) tools may soon "covertly influence" users' decision making in a new commercial frontier called the "intention economy", University of Cambridge researchers warned in a paper published Monday. The research argues the potentially "lucrative yet troubling" marketplace emerging for "digital signals of intent" could,...
  • UAE records more than 25% growth in international card spending in 2023

    Dubai, UAE--Total spending using international cards in the UAE witnessed a growth of more than 25% during the year 2023. J.K. Khalil, General Manager, MENA East, Mastercard, told Emirates News Agency (WAM) that digital payments continue to experience remarkable growth in the UAE, with more users and companies opting for...
  • Apple to make changes to App Store in Europe

    iPhone users can download alternative app stores.
  • Google warns against downloading its AI model from external sources

    Washington, US--Google has warned users against trying to obtain its Cold generative artificial intelligence (AI) model from external sources currently available on the Internet and confirms in an official statement that the copies are spyware that will expose users to danger. Google continues to work on Bard tools, which are...
  • Gaming industry posts exponential growth in Saudi Arabia: PayerMax COO

    Riyadh, Saudi Arabia-- The gaming industry has witnessed exponential growth in Saudi Arabia with an average revenue per paying user touching $270 as compared to $181 in MENA. With the game live streaming market poised to an annual growth rate (CAGR 2023-2027) of 10.08% in Saudi Arabia, esports is gaining...
  • UAE’s digital platform, U.AE, attracts 9.1m visitors in H1

    Dubai, UAE-- Around 9.1 million people visited the UAE’s Government Unified Digital Platform, U.AE, from the start of 2023 until the end of June. According to the Telecommunications and Digital Government Regulatory Authority (TDRA), the jump in the average number of pages viewed was 3.52%, compared to the same period...
  • Dubai Transport Authority’s digital channels record 10% jump in 2022 revenues

    Dubai, UAE-- Dubai's Roads and Transport Authority (RTA) has reported a 10 percent increase in revenues for 2022 to $953 million from its digital channels. The company has also recorded 814 million digital transactions up from 676 million in 2021, a 20 percent growth rate. The company also reported a...
  • Dubai’s RTA digital channels generate revenue of US$953m in 2022

    DUBAI, UAE - Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority Mattar Al Tayer said that RTA recorded 814 million digital transactions in 2022. “In 2022 RTA recorded 814 million digital transactions up from 676 million in 2021, reflecting a robust growth rate...
  • In AI tussle, Twitter restricts number of posts users can read

    The decision was made "to address extreme levels of data scraping" and "system manipulation" by third-party platforms, Musk said in a tweet Saturday afternoon, as some users quickly hit their limits. The company is limiting verified accounts to reading 10,000 tweets a day and non-verified users are limited to reading...
  • Users feel more people should adopt ChatGPT, TRENDS poll finds

    Nearly 25 percent of respondents believe educational institutions should avoid the use of AI platforms, and many feel creative writers should also ignore them.
  • Disney+ gains 12m subscribers as losses pile up

    Although its subscriber base has swelled by 12 million users, Disney+ has seen its operating losses touch $1.47 billion for the July to September period. The number of people subscribing to Disney+ reached 164.2 million people, more than 161 million estimated by Factset, a data company.
  • Spotify plans to sell 300,000 audiobook titles to US users; eyes expansion

    Nir Zicherman, Spotify's Vice President and Global Head of Audiobooks and Gated Content said it's a starting point to expand availability to other markets, and build relationships with publishing houses and expand the selection of titles.
  • CBUAE launches new website with various services

    The Central Bank of the UAE (CBUAE) has announced the launch of a new corporate website with various interactive digital services in promoting financial stability and meeting the aspirations of the consumers.
  • Can Twitter become more profitable under Elon Musk?

    Listed on the New York Stock Exchange for just under nine years, Twitter has posted a net loss every year, except 2018 and 2019 when it made a profit of just over $1 billion.
  • Facebook looks for answers as user numbers fall

    Founder Mark Zuckerburg has told investors that people have a lot of choices for how they want to spend their time and Apps like TikTok were growing very quickly.
  • Facebook’s future tops agenda at Web Summit in Lisbon

    Frances Haugen, the former Facebook engineer who leaked a trove of internal documents to international media, is due to speak on the opening night.
  • Facebook says some users struggling to access its services

    Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter to voice frustration.
  • Dubai unveils Expo 2020 ‘passport’ for visitors

    Visitors to Dubai’s Expo 2020 will be required to buy a 50-page booklet, passport, that would keep tabs of an individual’s visits and hold a unique number as well as passport-size photo and personal details.
  • Twitter lets Arabic users to be addressed in the feminine

    The company caved in to demands for gender equity space on social media site Arabic verbs and adjectives have both masculine and feminine forms Caving in to demands of female users for more gender-equity space on social media, Twitter on Wednesday unveiled a new version that allows Arabic language users...