Tech
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Pakistan’s largest IT company Systems establishes regional HQ in Saudi Arabia
Pakistan’s largest IT company Systems has established its regional headquarters in Saudi Arabia’s capital city of Riyadh. The company, operating as…
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Saudi-backed EV maker Rivian to cut 6 percent of jobs amid price war
Rivian Automotive is laying off 6 percent of its workforce in an effort to cut costs as the EV maker,…
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Tesla directors to testify in ‘funding secured’ trial
Tesla Inc board members are expected to take the stand on Wednesday to defend against claims that Elon Musk misled…
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Egypt fintech firm MNT-Halan secures $400 mln in new finance, boosting valuation
Egyptian microfinance lending and payments company MNT-Halan is securing $400 million in new equity and finance, bringing its valuation to…
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Government promises robust crypto regulation
The government is announcing measures to “robustly” regulate the cryptocurrency industry. It says the proposals, being published on Wednesday, will…
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UAE’s national digital economy set to grow by $140 bln by 2031
Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has issued a recent report detailing…
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Philips plans to cut 6,000 more jobs amid cost-cutting push, costly recall of devices
Royal Philips NV is cutting another 6,000 jobs, or around 8 percent of the total, as the maker of medical…
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Apple supplier in India begins shipping AirPods components to China, Vietnam
A key Apple Inc. supplier has begun making components for AirPods in India, marking a significant step in the US…
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China’s smartphone shipments last year the lowest in 10 years: IDC report
China’s smartphone sales fell 13 percent year-on-year in 2022, the largest plunge for the sector in a decade as consumers…
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Amazon will start charging Prime members for grocery orders of less than $150
Amazon.com Inc. will start charging fees to online shoppers for grocery orders of less than $150, underscoring the challenging economics…
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