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Science & Technology

Science & technology news from the Middle East. All the important stories, plus authoritative opinion and analysis.

Elie Habib's Anghami generates close to one billion streams a month with a catalogue of more than 72 million Arabic and international tracks

Make some noise for Anghami’s Elie Habib

The Lebanese music streaming mogul talks to AGBI about the meteoric rise of his Nasdaq-listed company, its battles with music pirates, relocation to Abu Dhabi and his ambition to launch Arab music stars Elie Habib fell in love with coding early. He started selling software at the age of 17 and launched several companies in […]

Mobile Phone, Cell Phone, Phone

Open all hours: inside the Gulf’s banking revolution

The UAE’s first open banking platform is helping fintech and banks bring personalised services to customers, and is accelerating the regional growth of this progressive sector The Gulf has the potential to leapfrog other regions of the world, including Europe, with its adoption of open banking as bricks and mortar branches “slowly disappear”, according to […]

Optibus develop software to prepare transit systems for smart cities

Mobility tech firm Optibus valued at $1.3bn after raising $100m

US-Israeli mobility technology company Optibus has raised $100 million in a private funding round that values the company at $1.3 billion. The funding came from new and existing investors including Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and others, said Optibus, which has raised $260 million to […]

Apple's market capitalisation was over $10bn less than Saudi Aramco's

Aramco takes bite out of Apple as world’s most valuable company

Saudi Aramco overtook US tech giant Apple as the world’s most valuable company yesterday, fuelled by a rise in oil prices   The same global economic drivers that are buoying the energy company’s profits are adding to an inflation surge, dampening demand for technology stocks. Aramco traded near its highest level on record, with a market capitalisation […]

Burj Al Arab

Indian media giant signs Dubai blockchain deal

Eros Investments, run by India’s Lulla family, plans to develop Web 3.0 and blockchain businesses out of Dubai as part of a partnership deal to operate under Dubai’s new virtual assets regulator, the company said on Tuesday. The deal is part of a push by the United Arab Emirates to become a global hub for […]

Abu Dhabi is harvesting technology to drive a farming revolution

The Gulf region has historically imported around 90 percent of its food requirements, constrained by arid soils, scarce water resources and searing temperatures. But concerns about the impact of climate change on food production, coupled with the recent coronavirus-induced global supply chain crisis, are forcing governments to rethink food security. Technology solutions Abu Dhabi has […]

The museum cost $136 million and took a decade to open from when the idea was first conceived

The mind-blowing numbers behind the Museum of the Future

The Museum of the Future is a “living museum” aiming to contribute to a deep intellectual movement, connecting thinkers and experts and acting as a test bed to create innovative solutions for global challenges.   Rising 77 metres above the ground the structure was built using robotic technology and with an emphasis on sustainability.  The façade […]

Cisco unveils technology to predict network issues

Cisco Systems Inc on Wednesday unveiled a technology that it says can predict issues on enterprise networks before they happen to help prevent problems and increase reliability. The predictive software engine will gather data from various sources within a company’s network, learn the patterns and help engineers find hardware issues, bandwidth spikes and app configuration […]

Binance registers with France crypto regulator, advances European plans

Cryptocurrency exchange Binance has registered with France’s market regulator, Chief Executive Officer Changpeng Zhao said in a tweet, advancing the company’s plan to make Paris its European base. “It’s a real stamp of quality,” said Binance France’s General Manager David Prinçay, referring to the registration with the regulator, AMF. “The perception is changing. It allows […]

Facebook-owner opens access to AI large language model

Facebook-owner Meta Platforms Inc is opening up access to a large language model for artificial intelligence research, the social media company said on Tuesday. Meta said its model was the first 175-billion-parameter language model to be made available to the broader AI research community. “Large language models” are natural language processing systems which are trained […]

Musk’s Twitter free speech promise may be tested in Middle East

In a region where the local media is often controlled by the state, millions of people rely on social media platforms to follow news and express their opinions. Both Twitter and Facebook showed their potential to influence real-life events during the 2011 Arab Spring uprisings, when they played an outsize role in social upheaval. But […]

Shopify’s revenue growth slowest in seven years, shares plunge

Canada’s Shopify Inc reported its slowest quarterly revenue growth since going public in 2015 and delivered a big miss on profit, sending the company’s U.S.-listed shares tumbling 17 percent on Thursday. Easing global e-commerce growth from the frenetic pace seen during the peak of the pandemic has hit Shopify, which provides merchants tools and service […]

Lobby, Room, Indoors

Google gives $100,000 worth of tech training to every US business

Alphabet Inc’s Google will provide any US business over $100,000 worth ofonline courses in data analytics, design and other tech skills for their workers free of charge, the search company said on Monday. The offer marks a big expansion of Google’s Career Certificates, a program the company launched in 2018 to help people globally boost […]

Betting big on drug discovery, UK’s OMass Therapeutics raises $100m

Betting on a fresh formula for the arduous, expensive and failure-prone field of drug discovery, UK-based OMass Therapeutics on Thursday said it has raised $100million in series B funding. Including the latest injection – led by a pack of prominent new investors including the Google Ventures and Sanofi Ventures as well as existing investors such […]

Chip startups using light instead of wires gain momentum

Computers using light instead of electricity for processing are gaining traction. And startups that have solved the engineering challenge of using photons in computer chips are getting big funding. Researchers say the technology could drive innovation in everything from quantum computing to driverless cars to artificial intelligence. California-based startup Ayar Labs is developing a technology […]