Business Cybersecurity

2024 Thales Data Threat Report: Cyber Threats Are Escalating

Arnold Pinto 01/04/2024 0

Ransomware Attacks Up 22% In 2023 The newly unveiled 2024 Thales Data Threat Report exposes a worrying escalation in cyber threats, underscoring the urgent need for robust data security measures. The report comprehensively analyses evolving security practices and their implications for

Blockchain & Cryptocurrency Business UAE

Fasset Unveils Its Digital Asset Exchange App In UAE

Arnold Pinto 31/03/2024 0

UAE Is Fintech Startup’s Second Global Market Dubai-headquartered fintech startup Fasset has launched its digital asset exchange app and made it accessible to UAE-based users. The launch follows Fasset’s attainment of a Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Asset Regulatory Authority (VARA) in November 2023, positioning the startup as one

Business Cybersecurity

Do You Know That March 31 Is World Backup Day?

Arnold Pinto 31/03/2024 0

This Year’s Theme Is ‘Save Digital Memories’ March 31st marks the annual observance of World Backup Day, a global initiative that reminds individuals and organisations worldwide to prioritise safeguarding their critical data and information. This year’s theme, ‘Save Digital Memories,’ resonates deeply in our increasingly digital-centric world, emphasising the

Business

Emtel Signs Fintech Partnership With WebEngage

News Desk 1 29/03/2024 0

Pact Enhances Blink App’s Offering In Mauritius Emtel, the Mauritian telecom network operator, has entered a partnership with WebEngage, a marketing technology innovator, to provide innovative financial services through Emtel’s blink mobile app in Mauritius. blink allows users with a Mauritian bank account to make digital payments using a mobile network through a digital

Business Cybersecurity

AI Cybersecurity Market To Surpass $133Bn By 2030

News Desk 1 28/03/2024 0

Businesses Prioritise Proactive Defence Mechanisms Adopting AI-enhanced cybersecurity solutions has become a pivotal strategy for organisations worldwide in a digital landscape riddled with cyber threats. Recent data reveals a stark contrast in financial repercussions between entities fortified with AI-powered defences and those without. Notably, companies leveraging AI

Business Transport

Aviterra Orders 100+ PAL-V Flying Cars Worth $80 Million

Arnold Pinto 28/03/2024 0

Deployment Set For Middle East And Africa Region PAL-V (Personal Air and Land Vehicle) has announced that the Netherlands-based company has signed a strategic partnership agreement and received a confirmed order from Aviterra, a newly founded company in Dubai, for more than 100 PAL-V Liberty flying cars to be deployed in the Middle East and […]

Business

8 Easy Ways To Master LinkedIn

News Desk 1 26/03/2024 0

The Platform Empowers Professional Growth LinkedIn is an indispensable tool for networking, career advancement, and personal branding in the contemporary professional landscape. With over 750 million members worldwide, the platform offers many features to enhance professional connections, job opportunities, and industry insights. Understanding how to leverage LinkedIn

Business Logistics

DP World Registers $5.18 Billion EBITDA In 2023

Arnold Pinto 26/03/2024 0

Company Maintains A Prudent Financial Policy Dubai-based DP World has unveiled its robust financial results for the fiscal year ending December 31, 2023, defying challenging geopolitical complexities and economic headwinds. The company’s strategic focus on high-margin cargo and integrated supply chain solutions has proven pivotal in achieving commendable outcomes. In

Appointments Business

Boeing CEO To Step Down At Year’s End

Arnold Pinto 26/03/2024 0

Board Reveals Leadership Changes On March 25, 2024, Dave Calhoun, Boeing’s President and CEO, revealed his decision to step down by the end of 2024. However, Calhoun will continue guiding Boeing through the remainder of the year to navigate ongoing critical initiatives to stabilise and position the company for future success. Reflecting on his tenure, […]

Business Tech

Cloudera moves to enhance GenAI with NVIDIA NIM Microservices

Arnold Pinto 21/03/2024 0

Transformative GenAI applications span many uses Cloudera, the California-based hybrid data company for trusted enterprise AI, has partnered strategically with NVIDIA, the world leader in AI computing, to bolster generative AI (GenAI) capabilities. The newly announced collaboration sees the integration of enterprise-grade NVIDIA NIM Microservices into Cloudera Machine

Business

UAE earns praise for empowering the global AI community

News Desk 1 18/03/2024 0

AI sector is seen in need of supportive ecosystem Haltia.AI, a Delaware, United States-headquartered personal artificial intelligence (AI) firm with a UAE-based subsidiary, has praised the UAE’s drive to establish the Arabian Gulf emirate as an AI epicentre in the Middle East, including support to AI startups. The company stated that this robust support system, […]

Aviation Business

Air Arabia soars with record net profit of AED1.5bn in 2023

Arnold Pinto 16/03/2024 0

Shareholders approve 20% dividend at AGM Shareholders of Air Arabia, the Sharjah-based low-cost carrier, have given their nod to the distribution of a 20% cash dividend for the financial year concluding on December 31, 2023. The dividend, equivalent to 20 fils per share, was announced at the company’s Annual General Meeting (AGM) and highlighted the […]

Business Interviews

Nova Eyewear unveils AI-powered progressive lenses tech

Arnold Pinto 11/03/2024 0

Brand set to revolutionise the MENA market Nova Eyewear, the flagship brand of Vision Rx Lab, a world leader in ophthalmic product manufacturing, has launched cutting-edge AI-powered progressive lens technology in the MENA region. This move is set to transform the ophthalmic market in the region by offering consumers the most advanced eyewear technology to […]

Business Oil & Gas Saudi Arabia

Aramco declares $121 billion net profit in 2023

Arnold Pinto 11/03/2024 0

Profit falls from $161.1 billion in 2022 Saudi Arabian Oil Company (Aramco) revealed its full-year 2023 financial results on March 10, 2024. The company’s robust net income of $121.3 billion marked its second-highest-ever net income. The stellar financial performance, attributed to Aramco’s operational flexibility, reliability, and cost-effective production

Aviation Business UAE

MBRAH and ATS Technic to set up MRO facility in Dubai South

News Desk 1 10/03/2024 0

Facility to cater to VIP aircraft In a significant move to bolster the aviation sector in the United Arab Emirates, the Dubai-based Mohammed Bin Rashid Aerospace Hub (MBRAH) has signed a strategic agreement with ATS Technic, the first independent EASA maintenance organisation in the UAE, to establish a cutting-edge MRO facility at Dubai South. Tahnoon […]

Business Markets UAE

World Gold Council opens regional office in Dubai

News Desk 1 08/03/2024 0

The move aims to facilitate gold trade in the Middle East The World Gold Council (WGC), headquartered in London, UK, has opened a new office in Dubai, serving as its regional headquarters for the Middle East region. The office is in the Dubai Multi Commodities Centre (DMCC) free zone in Dubai City, one of the […]

Business Telecom

Soaring growth seen in global IoT eSIM connections by 2028

Arnold Pinto 08/03/2024 0

Automotive, logistics, and O&G sectors to benefit greatly New research predicts a remarkable surge in global IoT eSIM connections, reaching nearly 1.3 billion by 2028, up from 165 million in 2024. This exponential growth is attributed to the emergence of advanced eSIM specifications, which offer enhanced flexibility for enterprises to remotely provision eSIM profile

Business Retail Shopping UAE

Dubai Mall attracted a record 105 million visitors in 2023

News Desk 1 07/03/2024 0

20 million visited in the first two months of 2024 The Dubai Mall celebrated a milestone by hosting an unprecedented 105 million visitors in 2023, marking an impressive surge of more than 19% from the previous year’s 88 million. Sales performance in 2023 also demonstrated robust figures. Statistics released by Emaar Malls Management on March […]

Business Defence & Security UAE

UAE’s EDGE Group enters pact with Spain’s Indra

Arnold Pinto 07/03/2024 0

JV to produce next-gen radar systems in the UAE The Abu Dhabi-based EDGE Group has formalised a new Joint Venture (JV) agreement with Spain’s Indra Sistemas (Indra), a leading global technology and consulting company. The agreement, signed in Madrid by Hamad Al Marar, EDGE Managing Director & CEO, and Jose Vicente de los Mozos, CEO […]

Business Tech

Cloudera transforms on-premises data experiences for trusted analytics and AI at scale

News Desk 1 07/03/2024 0

Open data lakehouse with Apache Iceberg for private clouds now available  Cloudera has launched the latest phase of its open data lakehouse on a private cloud. With the new rollout, the preferred data partner for the world’s most renowned companies has become the only provider to offer an open data lakehouse with Apache Iceberg for […]