Technology & IT | Thursday 27 July, 2023 8:01 am

Ransomware turbulence: attacks fluctuate and are increasingly dangerous in Egypt and Saudi Arabia

Ransomware remains one of the main threats to information security globally and in the META region. In 2022, the average cost of a ransomware attack was US$4.54 million (according to IBM’s data breach report), and Kaspersky solutions detected over 74.2M attempted ransomware attacks (20% increase...

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Technology & IT | Thursday 27 July, 2023 4:06 am

Gartner Says Worldwide IaaS Public Cloud Services Revenue Grew 30% in 2022, Exceeding $100 Billion for the First Time

The worldwide infrastructure as a service (IaaS) market grew 29.7% in 2022, to total $120.3 billion, up from $92.8 billion in 2021, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2022, followed by Microsoft, Alibaba, Google and Huawei. “Cloud has been...

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Business & Money | Thursday 27 July, 2023 4:04 am

Uber study reveals insights from female drivers in Saudi Arabia with financial independence

Following a survey shared by Uber among female drivers in Saudi Arabia and Egypt, data found sees an optimistic outcome of female empowerment in the Kingdom, with more than 76% of the participants citing financial independence as the reason they drive using Uber. More than 56% of the participants...

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Government | Thursday 27 July, 2023 3:13 am

Hatta Customs Center supports supply chains, handles 260 cargo trucks per day

The latest data from Dubai Customs show a total of 46,965 cargo trucks have been handled by the Hatta Border Crossing Customs Center over the first six months of this year, a daily average of 260 trucks mostly loaded with foodstuffs.   Dubai Customs said their integrated,...

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Environment & Energy | Thursday 27 July, 2023 2:19 am

ENOC Group concludes series of workshops on business strategy

ENOC Group, a leading integrated global energy player, recently concluded a series of workshop sessions to elevate the Group’s business performance whilst addressing industry challenges and solutions to mitigate them.  These sessions provided an open platform for industry stakeholders...

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Business & Money | Wednesday 26 July, 2023 11:14 am

Saudi Arabia boards show a preference for experienced directors with CEO backgrounds to power Vision 2030

Heidrick & Struggles today launched the second Board Monitor report in Saudi Arabia. With Vision 2030 driving accelerated growth for companies in the country, the composition of Saudi boards is evolving to meet the demands of this era of innovation, diversification and growth.   50...

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Technology & IT | Wednesday 26 July, 2023 10:22 am

HONOR Announces the Pre-order of the AI-Powered HONOR 90 5G: The Next Industry Game Changer

Global technology brand HONOR announced the pre-order of the HONOR 90 5G in KSA market. Featuring an impressive 200MP Main Camera with AI Vlog Master that packs a raft of AI technologies in videography, in addition to the industry-leading 0 Risk Eye-Comfort Display, HONOR 90...

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Government | Wednesday 26 July, 2023 9:32 am

Mohammed bin Rashid presides over swearing-in of new judges of Dubai Rental Dispute Settlement Centre

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, presided over the swearing-in of nine new judges of the Dubai Rental Dispute Settlement Centre at a special ceremony held at the Za’abeel Palace in Dubai. His Highness Sheikh Mohammed...

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Business & Money | Wednesday 26 July, 2023 9:30 am

SAMA permits Tabby to provide BNPL solutions

The Saudi Central Bank (SAMA) gave the green light for Tabby to provide buy now pay later (BNPL) solutions. With Tabby, there are now five authorized companies offering BNPL solutions in Saudi Arabia, according to SAMA website. The BNPL solutions provide finance to customers wishing to...

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Business & Money | Wednesday 26 July, 2023 9:20 am

Emirates Integrated Telecommunications Company PJSC Reports its Q2 2023 Results

Emirates Integrated Telecommunications Company PJSC (“EITC”) announced its financial results for the quarter-ended 30 June 2023. On the back of strong demand for postpaid mobile and fixed services, service revenues grew by 8.9% supporting the growth of total quarterly revenue to reach AED 3.35...

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