Technology

Saudi economic growth to accelerate to 4.7% in 2025: Moody’s

the financial - 21 November, 2024

RIYADH: Saudi Arabia’s economy is set to grow by 1.7 percent this year, before accelerating to 4.7 percent in 2025 and 2026, driven by...

COP29: Developing countries urge action on climate finance deal

the financial - 20 November, 2024

Measures available to manage the rising global temperature are not sufficient, a leading Thai official has told the UN’s climate change conference in Baku. Speaking...

Saudi Arabia’s endowment investment funds set record with over $267m in net assets

the financial - 20 November, 2024

Net assets of licensed endowment investment funds in Saudi Arabia reached a record SR1 billion ($266.67 million) in 2024, marking a 29.3 percent increase...

Technology

AMD unveils new AI, server chips at San Francisco event

the financial - 11 October, 2024

Advanced Micro Devices said it planned to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth...

Technology

Dubai Chamber of Digital Economy discusses ways to boost Emirate’s digital economy

the financial - 5 October, 2024

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has recently hosted the annual meeting of...

Technology

OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia

the financial - 3 October, 2024

OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as...

Technology

UAE, Saudi eye big investments in AI, semiconductor sectors

the financial - 30 September, 2024

The UAE and Saudi Arabia have big ambitions to expand their technology sectors via investments in semiconductor and AI capabilities, according to technology experts. The...

Technology

Global digital creative economy to reach Dh27 trillion by 2030, study finds

the financial - 27 September, 2024

The global digital creative economy represents an Dh27 trillion opportunity to achieve diversified growth led by young and emerging talent amid the steady proliferation...

Technology

Core42 launches enhanced platform for enterprise inference solutions

the financial - 24 September, 2024

Core42, a G42 company and provider of sovereign cloud and AI infrastructure and services, announced the revamp of Compass Platform, the latest model of...

Technology

AI set to redefine global entertainment industry

the financial - 19 September, 2024

The Token 2049 event in Singapore is brimming with steep anticipation as the ‘Fame King’ Sheeraz Hasan reveals his vision for the entertainment industry....

Technology

Apple shares slide nearly 3%

the financial - 18 September, 2024

Shares of Apple fell nearly 3 per cent on Monday after several analysts said that delivery times for the new iPhone 16 Pro models...

Technology

AI experts ready ‘Humanity’s Last Exam’ to stump powerful tech

the financial - 17 September, 2024

A team of technology experts issued a global call on Monday seeking the toughest questions to pose to artificial intelligence systems, which increasingly have...

Technology

Swiss unveil supercomputer Alps, with eye on AI

the financial - 16 September, 2024

Switzerland on Saturday inaugurated its new supercomputer called Alps -- one of the world's fastest -- which it hopes will help place the country...

Technology

Adobe to launch generative AI video creation tool later this year

the financial - 12 September, 2024

Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year, the software maker said on...

Technology

Abu Dhabi’s AI sector booms with 41.3% annual surge in new companies

the financial - 11 September, 2024

The Abu Dhabi Chamber of Commerce and Industry registered over 400 AI companies in Abu Dhabi by the end of the second quarter of...

Technology

Saudi workers use AI more than global peers

the financial - 9 September, 2024

In Saudi Arabia, some 68 per cent of workers use generative AI weekly compared to only 55 per cent globally, a recent survey by...

Technology

Private sector AI investment poised to boost UAE GDP by Dh335b

the financial - 6 September, 2024

Private sector investment in Artificial Intelligence (AI) is expected to boost the UAE’s economy, adding an extra Dh335 billion by 2031, according to industry...

Technology

US, Britain, EU to sign agreement on AI standards: Reports

the financial - 5 September, 2024

The US, Britain, and the EU are expected to sign the first international treaty on the use of AI that is legally binding, the Financial Times...

Technology

Regional security spending set to increase 14% in 2025

the financial - 4 September, 2024

End-user spending on information security in the Middle East and North Africa (Mena) region is forecast to total $3.2 billion in 2025, an increase...

Technology

Meta faces $3.6 million fine in Brazil for allowing bogus Havan ads

the financial - 29 August, 2024

Meta Platforms faces a fine of up to $3.62 million after losing a lawsuit by Brazilian department store chain Havan that accused the social...

Technology

UAE: Web3 streaming platform myco raises $10 million for its Series A funding

the financial - 28 August, 2024

The UAE-based Web3 streaming platform, myco, has raised $10 million (Dh36.7 million) from venture investors across Mena, North America and Europe as part of...

Technology

UAE faces rising malware threats as email attacks surge 293% globally

the financial - 27 August, 2024

The UAE witnessed a notable increase in malware detections with an 11.7 per cent increase from January to May 2024, recent research shows. According to...

Technology

Apple Mac Users Warned About ‘Cthulhu Stealer’ Malware Targeting Crypto Wallets

the financial - 26 August, 2024

Cybersecurity firm Cado Security has warned Apple Mac users regarding a new malware variant named “Cthulhu Stealer,” which is designed to steal personal information...