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Yahsat Ali Al Hashemi

Yahsat reports record Q1 2023 revenue to the tune of Dhs369m

Yahsat’s net income and earnings before interest, taxes, depreciation and amortisation both grew by 35 per cent and 4 per cent respectively year-on-year

MBZUAI

MBZUAI, OurCrowd Arabia ink MoU to boost funding for AI startups, research

The agreement will enhance Abu Dhabi’s AI innovation ecosystem via strategic partnerships with key government and government-related entities

use of ChatGPT

DEWA initiates pilot use of ChatGPT to enhance capabilities of its virtual employee

The move is part of DEWA’s strategy to employ artificial intelligence technologies across all its operations and services

Gavin Aspden PwC ethics and accountability

Accountability: Building trust and ethics in the digital age

With clear ethical frameworks and accountability in place, businesses can have the confidence that they are acting morally and ensure trust is maintained by protecting their data

Crypto Oasis

Crypto Oasis identifies over 1,800 Web3 organisations in the UAE

More than 8,650 individuals currently contribute to the crypto, blockchain, metaverse and Web3 ecosystem of the country

service robots

Insights: The rise of service robots

Proven Robotics’ Mohammed Aldousari, regional robotics lead, outlines the transition of robots from industrial applications to service roles that bisect and positively impact day-to-day human life

Malaysia

MDEC: $2.8tn ripe for digitalisation in global Islamic economy

Muslims worldwide estimated to spend $2.8tn by 2025 on Islamic faith-inspired consumption needs – and Malaysia looks to capture digitalisation opportunities in the sector through MDEC

Careem's new visual indentity

Careem launches new visual brand identity

The ‘C’ wink and bold green remain central to the company’s new brand identity, with the notable logo only slightly tweaked

ESG

Technology underpins the success of the GCC’s ESG ambitions

ESG is now a concern for investors, shareholders and other stakeholders, as well as customers and regulators

co-working space

Free co-working space now opens at Jumeirah Beach Residence

Spreading across 10,000 sq ft and with a total capacity of 80 desks, Cypher Hub is specifically designed for Web3 founders and entrepreneurs to collaborate, network and partner

Oracle

Oracle signs multiple partnerships at CloudWorld Tour Abu Dhabi

The Oracle CloudWorld Tour is the company’s annual event that showcases the latest innovations in cloud infrastructure, databases and applications across diverse industries

Nozomi Networks

Women in tech: Roya Gordon, OT/IoT security research evangelist at Nozomi Networks

One strategy for tech companies to attract and retain female talent involves offering flexible work arrangements, such as remote work or flexible hours

Samsung Pay

You can now pay your DEWA bill with Samsung Pay

DEWA is the first government entity in Dubai to adopt the Samsung Pay option within its digital channels

passkey

Goodbye passwords: Google introduces passkey authentication

Passkeys let users sign in to apps and sites with a fingerprint, a face scan or a screen lock PIN

Palazzo Versace Dubai

Palazzo Versace Dubai launches first ever AI-based chatbot

Asksuite has developed a customised omnichannel guest automation chatbot for the hospitality brand

Mubadala and Apollo jointly invest Brightspeed

Mubadala, Apollo Funds jointly invest $500m in Brightspeed

The investment gives Mubadala a minority shareholding in Brightspeed alongside funds managed by affiliates of Apollo

Bitcoin sags after its longest streak of monthly gains since 2021

Bitcoin’s 73 per cent rebound in 2023 from last year’s crypto rout has stalled around the $30,000 level

Generative AI

First real-world study showed generative AI boosted worker productivity by 14%

Researchers at Stanford University and the Massachusetts Institute of Technology tested the impact of generative AI tools on productivity

startup

The untold truth about startup failures: What most entrepreneurs don’t know

Some of the most obvious hurdles are cash flow issues, a lack of research and ineffective marketing

ACME

ACME’s Hussaini shares how the company empowers customers on cloud transformation journeys

A key trend now is customers’ willingness to go multiple cloud, which opens a huge opportunity for trying out new solutions

Bitcoin

Bitcoin extends recent bout of volatility in climb back toward $30,000

The largest token rose as much as 3.7 per cent on Thursday

Samsung

Samsung posts record chip losses

Korea’s largest company reported net income of KWR1.4tn and its semiconductor division posted a loss of KWR4.58tn

Amazon

Amazon starts round of layoffs in AWS cloud services division

The company is axing 27,000 mostly corporate positions after a hiring spree during the pandemic left the company with too many people

Cloud-based

Cloud-based innovation sparks technology revolution in the MENA region

Cloud-based innovation is enabling organisations to create new products and services, enter new markets, and compete on a global scale

Added Wio bank photo courtesy WAM

Wio Bank, Abu Dhabi Department of Economic Development partner to supports SMEs

This partnership will help fast-track the account opening process for SMEs and deliver seamless banking services through the Wio Business app

Gem Digital

Gem Digital Limited increases investment commitment with Everdome

The investment will be focused on actions which move Everdome from a conceptual, visionary project into its new phase of delivery and expansion

Wemade

Saudi Arabia partners with South Korea’s Wemade to enhance gaming and blockchain sector

The partnership will focus on various initiatives such as training programmes, educational content, game localisation and sponsorship of regional events

TTEK

AD Ports’ Maqta Gateway acquires border control solutions platform TTEK

The total purchase consideration for the acquisition of 100 per cent ownership amounts to $26.7m with an upfront payment of $17.1m

Veritas

Veritas recommends two essential steps to safeguard enterprises against cyberthreats

Companies relying more on native security tools are hit harder by ransomware than organisations that rely less on native security tools, and more on purpose built solutions

Sandsoft

A look at how Sandsoft explores novel technology to engage consumers

Video games is a unique industry which blends art and science, humanities and technology, intuition and data