Middle East stories - Page 12

Yavrio, a fintech firm in London, has raised USD $2.4 million in seed funding to transform ERP systems by eliminating error-prone CSV file imports.

Gallabox has secured USD $3.5 million in seed funding to enhance its AI-driven WhatsApp tools, aiming to transform communication for small and medium enterprises.

A recent Gartner survey reveals that only 61% of CFOs plan to increase employee pay in 2025, marking a notable decline from previous years.

Dubai International Arbitration Centre has teamed up with Opus 2 to launch an innovative arbitration platform, enhancing dispute resolution across the region.

DE-CIX has shattered records in 2024 with a staggering 68 exabytes of data traffic exchanged globally, marking a 15% increase from last year.

The global drone GIS mapping market is poised for significant expansion, fuelled by technological advancements and increasing demand across diverse industries.

The Kentico Site of the Year 2024 Awards have celebrated 30 exceptional digital projects, demonstrating the platform's growing impact across various industries.

KnowBe4 research reveals the average cost of a data breach rose to USD $4.88 million, underscoring the urgent need for enhanced cybersecurity strategies.

Index Engines celebrated a transformative year in 2024, reporting a remarkable 112% sales increase in the banking sector fueled by rising ransomware threats.

China has become the largest global market for wrist-worn devices, leading shipments at 45.8 million units, driven by a 20.1% year-on-year growth.

SES has successfully launched its seventh and eighth O3b mPOWER satellites aboard a SpaceX Falcon 9, enhancing its medium Earth orbit constellation.

Huawei leads the global wearables market with a 44.3% year-on-year shipment increase, securing a 16.9% market share in 2024 despite a downturn.

Databricks secures USD $10 billion in Series J funding, valuing the data and AI firm at USD $62 billion, as it plans major global expansions.

Dragos's latest report reveals a vibrant ransomware landscape for Q3 2024, marked by emerging groups, shifting tactics, and significant operational disruptions.

Businesses plan to boost IT security budgets by up to 9% over two years, driven by rising financial losses from cyber incidents, Kaspersky reports.

Cloudera has partnered with Mercy Corps to enhance humanitarian aid delivery using AI, through the innovative Methods Matcher tool for crisis response.

A new study reveals a global shift, with fewer than 24% of companies now viewing legacy tech as a barrier to embracing AI and machine learning advancements.

Bitdefender has launched a decryptor for ShrinkLocker ransomware, assisting victims in recovering their files and enhancing cybersecurity measures.

Catapult has reported a 20% rise in Annualised Contract Value to USD $96.8 million and significant revenue growth of 19% to USD $57.8 million for H1 FY25.

Trustwave and Cybereason announce a merger to enhance cybersecurity solutions, with SoftBank as the majority investor, set to close in early 2025.