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Cybersecurity threats jump 10% in 2023, says Trend Micro

Trend Micro Incorporated a global leader in cybersecurity said it had blocked more than 161 billion threats in 2023 marking a significant 10% annual rise compared to the previous year s global figures....

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ADX welcomes the listing of Alef Education on its Main Market

Abu Dhabi Securities Exchange (ADX) has welcomed the successful listing of Alef Education Holding plc (Alef Education) Mena s leading provider of AI-powered learning solutions created and headquartered...

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Dell and Presight team up to accelerate AI, big data adoption

Dell Technologies and UAE-based Presight have signed a memorandum of understanding (MoU) to develop solutions that help customers in the UAE accelerate their digital transformation objectives. This agreement...

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AI will shape Dubai’s next 185 years of development: Minister

Artificial Intelligence (AI) is set to shape Dubai s next 185 years of development starting today said Omar Sultan AlOlama UAE Minister of State for Artificial Intelligence Digital Economy and Remote Work...

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Global economy looks strong despite inflation: JP Morgan

Despite global inflation not falling as quickly as forecasters may have hoped the global economy looks remarkably strong defying the pressure of higher interest rates. This is according to Grace Peters...

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Saudi Arabia records biggest gain in mining investment risk mitigation

Saudi Arabia has been acknowledged for its exceptional mining investment environment in the latest annual assessment of mining investment risks from MineHutte and Mining Journal Intelligence according...

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Dubai appoints 22 AI officers to lead tech transformation

Dubai has appointed 22 Chief Artificial Intelligence Officers across various government entities in a strategic move to propel the emirate s transformation into a pioneering model for AI- enabled government...

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KPMG outlines current three biggest risks for businesses

KPMG has in its latest report outlined the three biggest risks for businesses right now which may impact operations in 2024 and near future. Fighting an uphill battle to achieve long-term sustainability...

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Key themes for XPANSE-2024 Forum announced

XPANSE Abu Dhabi s groundbreaking forum and ecosystem-building platform from MATTER will feature some of the most transformative exponential technologies of the future. The key themes for XPANSE 2024 the...

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NMC picks Financial Advisors to review of strategic alternatives

NMC Healthcare group (NMC) has appointed Rothschild & Co as the first of two Joint Financial Advisors chosen to review strategic alternatives for its shareholders including a potential initial public offering...

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Polynome unveils plans for $100m fund for AI startups

Polynome Group a leading technology company based in the UAE has announced a 100 million fund for AI startup companies starting from the first quarter of 2025. The aim is to invest in startups in the fields...

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Mena IT spend to grow 5.2pc to $193.7bn in 2024: Gartner

IT spending in the Middle East and North Africa (Mena) region is forecast to total 193.7 billion in 2024 an increase of 5.2% from 2023 according to the latest forecast by Gartner. The annual growth is...

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KSA debt issuance ramps up to finance Vision 2030 projects

Saudi Arabia has raised over 35 billion in bonds and sukuk year-to-date more than three-quarters of total GCC sovereign issuance which has hit 45 billion putting the region s sovereigns on track for the...

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Food forum in Dubai explores innovation and novelty

MENA industry titans recently converged at the Uaerg Food Service Forum and Images RetailME Food Business Forum at the JW Marriott Hotel Marina in Dubai to explore novel prospects and foster innovation...

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Airbus lands $1.1bn Yahsat Al Yah 4 &5 satellites contract

Al Yah Satellite Communications Company PJSC (Yahsat) has awarded a AED3.9 billion ( 1.1 billion) contract to Airbus Defence and Space SAS to build its new geostationary telecommunications satellites Al...

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Aramco provides breakdown of new shareholding

International institutional investors own approximately 0.73% of issued shares of Saudi Aramco pursuant to the final allocation of the recent fully marketed offering of 1.545 billion shares (Offering)...

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