Technology

ACWA Power secures $119m loan facility from Alinma Bank for new headquarters

the financial -
RIYADH: Saudi utility giant ACWA Power has secured an SR750 million ($119 million) Shariah-compliant term loan facility from Alinma Bank to fund its new...
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SaaS startups raise AI budgets, go slow on hiring amid technology shift

the financial -
From lean teams to smarter tools — AI is reshaping how SaaS startups scale, spend, and staff. As the post-pandemic software-as-a-service (SaaS) landscape stabilizes, a...
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Trident Growth Partners, led by former Premji Invest and IFC investors, secure Rs 1,000 cr in debut fund

the financial -
Backed by Ranjan Pai's family office Claypond Capital and SIDBI's Fund of Funds for Startups, the fund is led by former Premji Invest and...
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Technology

Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions

the financial -
xAI, Elon Musk’s AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan...
Technology

Garanti BBVA mobile app transforms investment tracking with new features

the financial -
Garanti BBVA has significantly enhanced its mobile application, ‘Garanti BBVA Mobile’, streamlining the investment management process for its users. According to Finextra, the app now features...
Technology

UAE authority issues new security update alert for Google Chrome users

the financial -
The UAE's Cyber Security Council alerted Google Chrome users of a security update on Thursday. This comes after Google released security updates to address multiple...
Technology

OpenAI releases Sora AI video generator to public

the financial -
OpenAI released the latest version of its highly anticipated Sora video generator to the public, stepping into an increasingly crowded field of AI tools...
Technology

Bargains or bait? UAE Black Friday shoppers warned of digital dangers

the financial -
According to recent reports, URL detections in the UAE have risen by 36.5 per cent, increasing from an average of 17.05 per cent in...
Technology

Will UAE airlines see one-pilot operation as AI-assisted flying takes off?

the financial -
Passenger planes flying with just one pilot could become a reality — given the rapid development of technology, particularly AI or artificial intelligence, a...
Technology

Ahmed bin Saeed opens GITEX GLOBAL 2024 as global tech community descends on Dubai

the financial -
DUBAI: H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of...
Technology

AMD unveils new AI, server chips at San Francisco event

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

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Business

ACWA Power secures $119m loan facility from Alinma Bank for new headquarters

0
RIYADH: Saudi utility giant ACWA Power has secured an...
Business

SaaS startups raise AI budgets, go slow on hiring amid technology shift

0
From lean teams to smarter tools — AI is...
Business

Trident Growth Partners, led by former Premji Invest and IFC investors, secure Rs 1,000 cr in debut fund

0
Backed by Ranjan Pai's family office Claypond Capital and...
Economy

Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore 

0
RIYADH: Saudi Arabia has overtaken Singapore as the premier...
Business

Saudi crude output hits 8.95m bpd: JODI data 

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RIYADH: Saudi Arabia’s crude oil production rose to 8.95...
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