Technology

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

the financial - 25 April, 2025

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...

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

the financial - 25 April, 2025

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...

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

the financial - 24 April, 2025

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...

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...

Technology

India antitrust body warns Disney, Reliance media merger will hurt rivals: Report

the financial - 25 August, 2024

India’s antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due...

Technology

India’s top founder community expands to UAE

the financial - 21 August, 2024

Offline, a private members’ community for scaled-up founders, has expanded in the UAE, marking its first venture outside India. After making a significant impact in...

Technology

Cybersecurity firm to use UAE as base to expand in region

the financial - 14 August, 2024

TAC Security, a leading global cybersecurity company specialising in vulnerability management, is planning to open its first office in the Middle East in Dubai,...

Technology

Odoo Middle East announces strategic partnership with Hotdesk Technologies Middle East

the financial - 7 August, 2024

Odoo, an open-source ERP system, has signed a Memorandum of Understanding with the coworking marketplace Hotdesk to enhance growth for small and medium businesses...

Technology

Solana’s Network Booms: Is This Trend Sustainable?

the financial - 3 August, 2024

Solana’s July was a rollercoaster of price fluctuations and record-breaking network activity. This analysis delves into the on-chain metrics and emerging trends shaping Solana’s...

Technology

Samsung electronics Q2 shows fastest growth in over a decade

the financial - 31 July, 2024

Samsung Electronics Wednesday reported its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand...

Technology

Indian startup Byju’s nears settlement in cricket board dispute, sources say

the financial - 31 July, 2024

Education technology company Byju's is close to settling a $19 million payments dispute with the Indian cricket board, which could free the business from...

Technology

Amazon racing to develop AI chips cheaper, faster than Nvidia’s, executives say

the financial - 26 July, 2024

Inside Amazon.com's chip lab in Austin, Texas, half a dozen engineers on a Friday afternoon put a closely guarded new server design through its...

Technology

PCFC launches Dubai Customs AI Platform to boost innovation and support SMEs

the financial - 25 July, 2024

Sultan bin Sulayem: Our innovative technology strategies enhance Dubai's position as a global digital city employing AI technologies Nasser Al Neyadi: Through this platform, we aim to...

Technology

Google, Microsoft offer Nvidia chips to Chinese firms: Report

the financial - 19 July, 2024

Google and Microsoft's cloud divisions are offering Chinese companies access to Nvidia's AI chips by providing data centre services in locations outside China, the...

Technology

New WhatsApp feature: Translate chat messages in-app soon

the financial - 15 July, 2024

If you use WhatsApp to primarily communicate with people around you – whether for personal or professional purposes – an exciting new feature may...

Technology

Coinbase Unveils Web App to Track Personal On-Chain Wallets

the financial - 14 July, 2024

Coinbase is launching an app that lets users track all of their on-chain wallets. This is in a continued effort to make access and user...

Technology

UAE issues Microsoft alert: Users urged to update devices, avoid 139 vulnerabilities

the financial - 12 July, 2024

The UAE's Cyber Security Council has urged Microsoft users to update their devices in order to avoid more than 100 vulnerabilities. The authority said in...