Abu Dhabi, UAE – The Federal Tax Authority (FTA) has reported a significant increase in transactions through its digital Value Added Tax (VAT) refund system. This growth underscores the expanding reliance on digital tools to streamline tax processes in th...

A new venture, Waad Investment, has been established by a coalition of private investors and family offices from Saudi Arabia, marking a significant development in the region’s investment landscape. The firm is set to inject 750 million riyals (approximat...

Bank of Singapore is strategically focusing on expanding its presence in the Middle East, forecasting a significant increase in assets and revenue from the region over the next five years. The financial institution anticipates that the Middle East will co...

Linux users of Proton VPN now have access to the WireGuard protocol, a significant upgrade aimed at improving speed and security. This long-awaited feature is part of Proton VPN’s broader initiative to offer a more robust and efficient service for its use...

Dubai International Airport (DXB) is preparing for an unprecedented influx of travelers as the end of the holiday season approaches. The airport is expected to handle approximately 3.43 million passengers over the coming days, marking a significant increa...

Microsoft has launched its latest Surface devices in the UAE, bringing cutting-edge technology to the region. The newly introduced Surface Pro and Surface Laptop are designed to enhance productivity, offering advanced features aimed at professionals and s...

Reddit Inc. is challenging Meta and Google’s dominance in digital advertising by revamping its ad model. The platform, which has long been known for its anonymous and eclectic user base, is now emphasizing ads based on topic relevance rather than user dat...

OPEC+ faces a critical decision in the coming weeks as it evaluates whether to move forward with its planned oil production increases scheduled to begin in October. The decision is fraught with complexity, driven by a mix of economic, political, and marke...

Saudi Arabia’s Foreign Minister, Prince Faisal bin Farhan, has embarked on a significant diplomatic mission to Iraq, engaging in discussions aimed at bolstering bilateral ties and addressing the volatile security situation in the region. His visit comes a...

Xbox has introduced a set of new accessibility features and devices aimed at making gaming more inclusive for players with disabilities. Among the highlights are three new accessible devices: the Xbox Adaptive Joystick, the 8BitDo Lite SE 2.4G Wireless Co...

Magellan Capital Holdings, headquartered in Dubai, is preparing to launch a hedge fund valued at $700 million. The investment firm, known for its expertise in alternative investments, aims to capture opportunities in global markets through this initiative...

Mashreq Bank has launched an International Bank Account Number (IBAN) Validation Application Programming Interface (API) aimed at enhancing banking experiences for corporate clients. This development is designed to reduce errors and mitigate fraud risks b...

Dana Gas has announced that performance issues were the primary factor behind Pearl Petroleum’s decision to terminate its contract with Enerflex for the Khor Mor gas field. The move underscores ongoing challenges in the energy sector, particularly in the...

As Indonesia advances as a technological and economic powerhouse in Southeast Asia, its cybersecurity landscape is becoming increasingly perilous. The country, recognized for its burgeoning technology sector and strategic significance in finance and logis...

Emerging breakthroughs in computational speed and algorithmic efficiency are poised to drive the next phase of blockchain technology, potentially realizing the long-sought goal of complete decentralization. Paul Brody, who leads blockchain initiatives at...