Tech stock redemptions have totalled $1.5 billion in the past week, the biggest since February 2015, according to a Reuters report.
Hardware, News
Samsung to spend $7 billion on memory chip production
Samsung Electronics is reportedly planning to build a new memory chip production line in China in late March. 0 1700
Top three ways to justify IT security spending
Proving ROI in IT security has traditionally been a struggle for IT professionals, who need to balance budget limitations while constantly fighting to stay ahead of the dynamic threat landscape.
UAE, Saudi Arabia lead in Smart City investments: report
Dubai and Riyadh are leading the way in terms of 2018 investments.
GCC investors sign deal to complete The Entertainer’s acquisition
GFH Capital has announced its partnership with Al-Futtaim to complete the landmark acquisition of the Entertainer, one of the leading incentive providers and lifestyle technology platforms in the region.
Saudi Arabia, Russia fuel tech industry with $2 billion in investments
The Russian Direct Investment Fund (RDIF) together with partners from Saudi Arabia intend to invest $2 billion in technology projects in 2019, according to a report by Russian news Agency Tass.
Sheikh Hamdan: Dubai a global destination for technology investments
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum recently highlighted that the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has made emirate an attractive destination for investments in technologies like artificial intelligence (AI) and robotics.
UAE-based classifieds startup raises over $13M in investments
UAE-based classifieds portal Alawooz.com has reportedly raised $13.6 million (AED 50 million) in investments.
EU calls for increased investments in AI
The European Union is targeting $24.4 billion of investment in artificial intelligence by 2020.
GCC firms to increase investments on digital transformation: study
Two in three large enterprises in the Arab Gulf region intend to devote at least five percent of its annual revenue to digitisation of operations, according to a Microsoft research.
Saudi Arabia’s PIF mulls investment in VR startup
Saudi Arabia’s sovereign wealth fund Public Investment Fund is reportedly in talks to invest as much as $400 million in Magic Leap.