EDGE, a prominent Emirati advanced technology and defense group, has inked a $27 million deal with PT Pindad, Indonesia's state-owned defense leader, to supply an ammunition production line. The agreement, signed during a high-profile visit by I…
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Voxtron Solution, a leader in innovative communication solutions, has launched Voxvantage, a next-generation cloud contact center solution designed to transform customer interactions across the Middle East. Developed in partnership with long-time co…
Liminal Custody Solutions, a leading provider of digital asset custody and wallet infrastructure, has secured a Financial Services Permission (FSP) license from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). This …
The construction sector in the United Arab Emirates (UAE) is experiencing a robust upward trend, defying ongoing global challenges like inflation, interest rate hikes, and geopolitical tensions. This positive outlook is driven by a high-value projec…
Dubai is set to become a leader in sustainable water production with the upcoming Hassyan desalination plant. The facility, commissioned by the Dubai Electricity and Water Authority (DEWA) and ACWA Power, will be the second-largest desalination plan…
The Wisconsin State Investment Board (WSIB) made waves in the financial world today after it disclosed the purchase of $99 million worth of shares in BlackRock's iShares Bitcoin Trust ETF. This move marks a significant development, as it represe…
In a technological blunder with significant financial implications, Google Cloud mistakenly deleted the private cloud account of UniSuper, a colossal Australian pension fund holding a staggering $125 billion. This incident sent shivers down the spin…
Hong Kong's fledgling Bitcoin and Ethereum exchange-traded funds (ETFs) witnessed a significant setback this week, with record net outflows exceeding $39 million on Monday alone. This substantial withdrawal effectively erased any gains accumulat…
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Falcon Labs LLC, a crypto prime brokerage firm, alleging that the company illegally facilitated access to digital asset derivatives trading platforms for U.…
OpenAI has pulled back the curtain on GPT-4o, its latest advancement in artificial intelligence. This groundbreaking model transcends the limitations of text-based interactions, boasting real-time comprehension of audio and video. The live demonstra…
OpenAI, the research and development company focused on artificial intelligence, has made significant strides in accessibility and capability with the launch of GPT-4o, its latest flagship AI model, and a redesigned desktop version of its popular ch…
The UAE has emerged as a global leader in shopping satisfaction, with a recent study revealing a strong preference for Click-and-Mortar™ shopping experiences that blend the convenience of digital tools with the physical store environment. The "…
Air Arabia, the leading low-cost carrier (LCC) in the Middle East and North Africa, reported a strong first quarter of 2024 despite facing economic headwinds and industry-wide disruptions. The airline posted a net profit of AED 266 million for the f…
The Abu Dhabi National Exhibitions Company (ADNEC Group) has announced a groundbreaking partnership with MATTER, a leading global think tank focused on deep science and exponential technologies. This collaboration aims to unlock the transformative p…
El Salvador, the nation that took the world by storm when it adopted Bitcoin as legal tender in 2021, has taken another bold step towards cryptocurrency integration. On May 12th, the National Bitcoin Office (ONBTC) launched a dedicated mempool space…
Blockdaemon, a leading provider of institutional-grade blockchain infrastructure, announced a significant expansion into the United Arab Emirates (UAE) today. The company plans to set up an office and establish a legal entity in Abu Dhabi under the …
JPMorgan Chase, a leading American financial institution, disclosed a data breach impacting the personal information of over 450, 000 customers. According to filings submitted to the Maine Attorney General's office, the bank identified a softwar…
The Dubai Financial Services Authority (DFSA) reported a year of significant expansion and innovation in its 2023 annual report. The financial regulator highlighted a 25% increase in licensed firms, reaching a total of 791 by year-end. This surge re…