Cybersecurity Information security for SMEs: available option or uphill battle? Ensuring protection against data leaks and corporate fraud is difficult and expensive, but there is a solution, says Lev Matveev, chairman of the board of directors at SearchInform October 1, 2024 In association with
Cybersecurity Turkey aims for higher level of cybersecurity Turkey has outlined plans for a new cybersecurity directorate to encourage private sector research and new startups. Vice President Cevdet Yılmaz said last week that the directorate would be established in the autumn as part of a campaign to strengthen the state’s defences against all forms of cyber attack. “We have more or less completed […] October 1, 2024
Opinion Telecoms It is vital we protect the Gulf’s internet super-corridors There is an urgent need for the building of diverse terrestrial routes to bypass the Red Sea September 26, 2024
Video length: 04:09 VIDEO Banking & Finance The digital currency that could upend how the Gulf trades Project mBridge – a China-led central bank digital currency initiative, which the UAE and Saudi Arabia are part of – could have “broad strategic implications” for regional trade, according to market analysts. A CBDC is a digital form of a country’s fiat currency, which is backed by a government. It eliminates the need for intermediaries […] September 26, 2024
Analysis Transport What the rise of robotaxi means for your car insurance As the Middle East continues to test autonomous vehicles, the big issue is the potential increase in multi-million-dollar lawsuits as a result of AV accidents, and the debate over who is liable for such payouts. Cruise, which is owned by General Motors and has been designated as the exclusive robotaxi service provider in Dubai until […] September 26, 2024
Tech Defence and tech at forefront of UAE leader’s historic US visit Defence and technology were among the key topics of discussion during UAE President Sheikh Mohamed bin Zayed Al Nahyan’s official visit to the US this week. “The strategic and enduring partnership that unites our countries is unwavering,” said Sheikh Mohamed, after what was the first meeting between sitting UAE and US presidents on American soil […] September 25, 2024
Tech Ooredoo secures $552m loan for data centre expansion Qatar’s telecom major Ooredoo has secured a QR2 billion ($552 million) financing deal to accelerate the development of its data centres and artificial intelligence (AI) ventures. The 10-year hybrid facility, comprising both commercial and Islamic tranches, was provided by Qatar National Bank, Doha Bank and Masraf Al Rayan. The company claimed this is the “largest […] September 25, 2024
Telecoms e&’s PPF deal gets European Commission nod UAE telecommunications company e&, formerly known as Etisalat, said that the European Commission (EC) has approved the acquisition of Czech PPF Group’s telecoms business across four European countries. The extensive dialogue with the EC enabled the grant of foreign subsidies regulation (FSR) approval on an accelerated basis, three months ahead of the applicable legal deadline of […] September 25, 2024
Tech Global chip giants explore opening UAE factories Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics, the world’s largest chip makers, are exploring the possibility of opening mega-manufacturing facilities in the UAE. The terms of discussion include projects to be funded by the UAE, with Abu Dhabi-based sovereign Mubadala playing a key role, The Wall Street Journal reported, citing unnamed sources. Executives from TSMC recently […] September 23, 2024
Artificial Intelligence G42 links with Nvidia to launch climate tech lab The UAE-based artificial intelligence company G42 has formed a partnership with Nvidia, the US computer chip giant, to set up a climate tech laboratory in Abu Dhabi, aimed at better predicting the weather using AI. In what is Nvidia’s first partnership with the UAE company, the lab will “serve as a hub for research and […] September 20, 2024
Trade Sharjah’s Microsoft deal ‘will not harm China relationship’ Sharjah, the third largest emirate by population in the UAE, will not undermine its growing relations with China through its AI partnership with the American giant Microsoft, a prominent investment official has said. This week Sharjah unveiled the first AI-generated trade licence system in the world, developed jointly by Invest in Sharjah, Sharjah Publishing City […] September 19, 2024
Analysis Tech Ankara’s twin tech challenge to woo foreign experts and keep its own Turkey wants to persuade foreign tech entrepreneurs and innovators to move to the country with a scheme providing a fast-tracked business permit and residency visa, as it seeks to position itself as a leading international technology hub. Ankara has already made a call to tech-savvy travellers through a programme launched in April offering an easy […] September 19, 2024
Opinion Finance Look at the fall in startup investment. Now take a closer look… No-context numbers don't tell the whole story on Mena startups. Here are some reasons to be hopeful September 18, 2024
Video length: 03:30 VIDEO Artificial Intelligence Dubai AI leaders call for global regulations Digital economy leaders in the UAE called for the global unification of artificial intelligence regulations at the launch of DMCC’s AI Centre last week. Dubai issued a universal blueprint for AI earlier this year, but a unified framework governing the growing AI technology sector is still lacking. “How can you disregard the artificial intelligence sector […] September 18, 2024
Tourism Halo Space to manufacture capsules in Saudi Arabia Spanish company Halo Space plans to localise most manufacturing of its high-altitude balloon capsule to Saudi Arabia, it said this week before its first test launch in the kingdom. The Madrid-based startup is due to stage an unmanned test flight from the Al-Aflaj oasis 330km south of Riyadh within the next two weeks, depending on […] September 18, 2024
Tech UAE’s MGX joins $30bn AI infrastructure initiative UAE technology investment company MGX is part of a new $30 billion initiative, which will invest in building data centres and energy infrastructure. Other members of the Global AI Infrastructure Investment Partnership (GAIIP) are US-based BlackRock, Global Infrastructure Partners and Microsoft. The proceeds, which will be raised through private equity capital, may reach up to […] September 18, 2024
Tech UAE’s G42 and Microsoft aim for ‘responsible’ AI goals UAE artificial intelligence (AI) company G42 and US tech giant Microsoft will open two centres in Abu Dhabi to advance work on “responsible” AI practices. The first centre will see academic researchers and AI practitioners from the private sector develop, document and share emerging “responsible” AI best practices in the Middle East and the Global […] September 18, 2024
Retail Saudi retail in tech race to lock in consumer loyalty Saudi and Gulf retailers are running to catch up when it comes to deploying sophisticated tools being used in other markets to develop consumer loyalty, creating an opening for innovative companies, according to analysts. “The Middle East is a bit behind the curve,” said Premal Patel, managing director of Catalina UK, a retail consultancy. “Technology […] September 17, 2024
Video length: 06:56 Analysis Banking & Finance Revolut tipped to ‘shake up’ UAE remittance market UK fintech Revolut is stepping up recruitment in Dubai as it prepares to muscle in on the UAE’s $44 billion remittances market. Last month, more than a dozen Revolut insiders gathered at a cafe in Dubai’s Al Quoz district, courting talent for its UAE operations. The company told AGBI last year that it was recruiting […] September 17, 2024
Tech Shortage of IT specialists slows Turkish business growth A shortage of trained IT specialists is slowing Turkish companies’ growth and their development of artificial intelligence applications, according to a new report. The report, issued by Turkey’s state statistics agency Turkstat, found some sectors had a strong uptake of ecommerce sales and services. Almost half of all accommodation and food service providers took advantage […] September 17, 2024
Artificial Intelligence Aramco partners with US startup Groq for AI data centre Saudi Aramco’s digital arm is partnering with US semiconductor startup Groq to build the world’s largest artificial intelligence inferencing data centre. Unlike regular data centres, which handle a range of computing tasks, an AI inferencing data centre is designed specifically to run AI models that make rapid predictions or decisions. The facility will use Groq’s […] September 16, 2024
Telecoms Iraqi telecoms firm loses appeal against $1.5bn corruption award A $1.5 billion decision against an Iraqi telecom operator and a prominent Iraqi businessman has been upheld by the International Court of Arbitration, part of the International Chamber of Commerce (ICC). The arbitrators found that Korek Telecom and its chairman and top shareholder, Sirwan Saber Barzani, had “participated in a corrupt scheme” to defraud the […] September 16, 2024