RIYADH — Saudi Arabia’s benchmark Tadawul All Share Index (TASI) surged 1.3 percent or 142.29 points closing at 11,115.37 points on Tuesday. Total turnover reached SR7.6 billion, with 315 million shares traded. The Saudi Parallel Market Index (NOMU) ended higher, gaining 137.46 points to close at 22,887.94 points. Trading value on NOMU reached SR17 million, with 1.3 million shares traded. Shares of 203 companies rose in value, while shares of 54 companies declined. Banking stocks led the rally, with SNB surging more than 4 percent and Al Rajhi Bank rising 1 percent to SR67.45. Riyad Bank, Alinma Bank, Bank Albilad,…
Author: Editorial Team
Janine Seebeck and Marc Maiffret. Dubai — BeyondTrust, the global leader in privilege-centric identity security protecting Paths to Privilege, announced that it has been selected to join Project Glasswing, Anthropic’s collaborative initiative to secure the world’s most critical software infrastructure. Its inclusion places BeyondTrust among a group of vendors whose codebases maintain critical digital infrastructure across global commerce, government, healthcare, and essential services. As organisations increasingly rely on privileged identities to operate and secure those environments, protecting the software that governs privilege has become an essential part of cyber resilience. “Millions of the world’s most important workloads are protected by privilege…
As competition for attention intensifies across social media, a new UAE initiative is taking a different approach to influencer marketing, one that focuses less on paid promotions and more on community support. Launched by creative agency Bukhash Brothers, ‘BB Local Love’ brings together influencers and homegrown businesses through curated product boxes designed to introduce creators to local brands and encourage authentic, unscripted exposure. The concept emerged from a desire to use the agency’s platform to create meaningful connections within the local entrepreneurial ecosystem. “The idea came from wanting to use our platform in a way that felt genuinely meaningful to…
ABU DHABI, 9th June, 2026 (WAM) — Emirati startup founders showcased AI-powered and advanced technology solutions during Hub71’s Impact 2026 event at Manarat Al Saadiyat in Abu Dhabi, underscoring the role of the emirate’s innovation and entrepreneurship ecosystem in accelerating business growth and supporting regional and global expansion. The founders said Abu Dhabi’s startup support programmes, led by Hub71 and Hub71+ Digital Assets, have created an integrated ecosystem for growth through mentorship, funding opportunities and strategic partnerships. This support, they said, has enabled their companies to develop innovative solutions across sectors including digital marketing, healthcare and advanced manufacturing. Maryam Alabbar,…
Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah has issued orders to divert truck traffic away from Al Dhaid city centre via an alternative route. The move is expected to ease traffic flow, enhance safety, and improve the quality of life for residents who have faced disruptions from heavy truck movement through the city. Speaking during a phone interview on the ‘Direct Line’ programme broadcast by Sharjah Broadcasting Corporation, Sheikh Dr Sultan explained that truck movement through the city was causing significant inconvenience to residents. He said it was in the public’s interest to…
JEDDAH — The Jeddah Mayoralty destroyed approximately 20 tons of spoiled food deemed unfit for human consumption during a joint field campaign carried out in the eastern part of the city.Conducted in collaboration with several relevant authorities, the campaign led to the closure of an unlicensed pastry and sweets factory operating from a site that failed to comply with health and municipal regulations. Yasser bin Siraj Bakhsh, director general of Monitoring and Addressing Negative Phenomena at the mayoralty, stated that field inspection teams identified an unlicensed factory operating within a residential building. The facility was producing various types of pastries…
RIYADH — Saudi Minister of Foreign Affairs Prince Faisal bin Farhan received on Tuesday a phone call from Egyptian Minister of Foreign Affairs, Emigration and Egyptian Expatriates Dr. Badr Abdelatty. During the call, the ministers reviewed the latest developments in the region. They underscored the importance of intensifying efforts to de-escalate tensions in a manner that preserves regional peace and security. Source: Saudi Gazette
Google has reportedly placed an order with Intel to manufacture more than 3 million of its specialised AI chips in 2028. An action which would increase the pressure on Taiwan Semiconductor Manufacturing Co. (TSMC). The Information reported Google plans to use Intel to manufacture some of its tensor processing units (TPUs) after months of testing the chipmaker’s manufacturing capabilities. Google Cloud’s TPUs are custom chips purpose-built for AI and optimised for training and inference of advanced AI models. The news agency’s sources state the move reflects mounting strain on TSMC, which is struggling to meet surging demand for its foundry…
Every now and then, one hears a heartwarming story of a passenger having left wallet, passport or a key essential item behind, and a cab driver returning those to the owners. However, what happens when the list of items in the lost-and-found bin seem a bit, well, bizarre. Recently, Uber unveiled its Lost and Found Index which listed some of the offbeat items that passengers in the UAE have left behind. The offbeat items According to the Index, some of the most bizarre things the team has discovered in its lost and found section include things like massage tables, labubu…
DUBAI, 9th June, 2026 (WAM) — The Mohammed Bin Rashid Space Centre (MBRSC) has announced the successful completion of the scientific experiment developed by students from the United Arab Emirates University (UAEU) representing the UAE, aboard the International Space Station (ISS). The experiment was conducted as part of the Asian Try Zero-G 2025 competition, led by the Japan Aerospace Exploration Agency (JAXA) in collaboration with space agencies and entities, including MBRSC. The Asian Try Zero-G 2025 competition saw participation from 11 teams representing nine countries, reflecting strong regional engagement in space science and student innovation. The UAE’s participation was facilitated…