Average data breach cost in the Middle East reached $8 million in 2026, with one in four malicious breaches being AI-enabled, says a news IBM study.
INFINIOS, the Bahrain‑based digital financial infrastructure company, today announced that it is officially live with Mastercard on stablecoin settlement, marking a major milestone in the evolution of regulated digital payments in the Middle East.
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has supported the international expansion of Techies Infotech, a Dubai-headquartered ICT and innovation company, into South Africa.
Dubai Future Foundation (DFF) has joined forces with leading robotic vehicle technology company Oxa for the launch of its autonomous logistics future lab in Dubai. The new venture SHIFFT aims to accelerate the development and deployment of GenNext autonomous logistics solutions in the region.
Beyon, a leading telecom company and digital enabler in Bahrain, has reported a 7% increase in its Q2 net profit hitting BD18.3 million ($48.5 million), while its quarterly revenue broadly stood flat at BD126 million ($331 million) supported by higher revenue and operational efficiencies.
Leading UAE telco e& Group has recorded strong growth in its consolidated revenue for the first six months of the year hitting AED38.1 billion ($10.3 billion), an increase of 11.6% over last year. The positive momentum was reflected in its consolidated net profit, which soared to AED6 billion ($1.6 billion).
Meta Chief Executive Mark Zuckerberg believes billions of people will be using personal AI agents within the next five years, as the technology evolves from today's chatbots into intelligent digital companions capable of managing many aspects of daily life.
Saudi Telecom Company (stc) has delivered solid H1 results recording a 3.8% jump in its revenue for the six-month period hitting SAR40.11 billion ($10.7 billion), while gross profit increased 5.3% to SAR19.64 billion ($5.1 billion), driven by growth across its telecom and digital businesses.
stc pay Bahrain, Bahrain's most innovative and accessible mobile wallet for digital financial transactions, has partnered with PayPal, a global leader in digital payments, to launch seamless cross-border fund transfers, enabling customers to link their PayPal accounts directly to the stc pay app and move funds between both platforms.
Technology company Robo.ai has joined hands with Abu Dhabi-based Eleven International Holdings to set up a new venture, Alif Holding, that will develop intelligent software and smart equipment for government, infrastructure and industrial sectors across GCC and other key global markets.
