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Bassel El Koussa, Co-founder and CEO of Quiqup

Quiqup to focus exclusively on e-commerce last-mile operations

Quiqup will exit the food delivery business and focus its efforts solely on e-commerce last-mile operations.

Apple’s Chart-Topping Run Gets a Boost From Retail Investors

Apple’s chart-topping run gets a boost from retail investors

Since bottoming in mid-June, the iPhone maker’s shares have surged 27 per cent, outpacing the S&P 500 Index and the Nasdaq 100 Index

PwC launches UAE cryptocurrency report, identifies three-stage facilitative model for regulation

PwC publishes UAE cryptocurrency report, identifies three-stage model for regulation

The UAE is one of the fastest growing cryptocurrency markets in the world generating transactions worth $25bn

NMDC and Oracle sign agreement

National Marine Dredging Group selects Oracle cloud applications for business efficiency

By utilising a wide range of applications for finance, supply chain, HR and customer service, NMDC will be able to simplify and integrate critical business processes

Merit Incentives launches Giftcardsby.com/ Prerna Sonawane

Merit Incentives launches Giftcardsby.com, a software as a service platform

The company has launched its latest gifting solution with talabat across the MENA region

Snap to open office in Qatar, signs MoU with Government Communications Office

This new move is part of Snap Inc’s efforts to support and create opportunities for its highly engaged creative community in Qatar

Yahsat-H1 2022 figures

Yahsat H1 2022 revenues rise by 8.1% YoY, with net income increasing by 50.7%

Yahsat reported that its revenue reached Dhs755m ($206m) and the net income reported was Dhs167m

Saudi Arabia launches program to develop cybersecurity sector

National Cybersecurity Authority launches ‘CyberIC’ in Saudi Arabia

The first phase of CyberIC aims to increase the number of cybersecurity startups in the sector by assisting more than 60 national companies

Udrive launches in KSA

Car rental platform Udrive expands to Saudi Arabia

Licensed by the Transport General Authority, Udrive also plans to roll out fleets in Jeddah and other cities in 2023, boosting its fleet to 1,500 cars in a year

SoftBank reports record $23.4bn loss as holdings tumble

SoftBank reports record $23.4bn loss as holdings tumble

The Vision Fund segment posted a loss of 2.33 trillion yen in the three months ending June 30, following a then-record 2.2 trillion yen loss in the previous quarter

D2A2 set up by Dubai Chambers

Dubai Chamber of Digital Economy to form Dubai Digital Assets Business Group

The group will provide a platform for companies operating in the digital asset sphere to unify their voices, address market challenges and align their goals

MoIAT and Edge sign MoU

MoIAT, EDGE to establish UAE’s first Industry 4.0 Enablement Centre

The centre will promote, enable, and support the digital transformation and adoption of Industry 4.0 technologies across the country’s manufacturing sector

Communications tools

The power of collaborative communication tools

Collaboration suites can help businesses drive revenue growth by enabling them to upturn sales and proliferate their customer base

sharjah smar taxi

Sharjah launches first smart Taxi in the Middle East

The smart taxis are equipped with sensors, cameras, a mobile data unit and other devices connected to an integrated system

DEWA Innovation Centre launches second CleanTech Youth Programme

The programme targets young leaders from various fields to develop their knowledge and expertise in the field of clean and renewable energy

SD Centre for Entrepreneurship

The Entrepreneurial Nation, Huawei partner to launch ‘ScaleUp Digitize’ to support SMEs

The programme provides participants with virtual online training sessions on cloud computing, artificial intelligence, big data and storage technologies

Crypto

Crypto Bridge Nomad drained of nearly $200m in security exploit

The software system was drained of funds over hours and in small batches by various accounts, blockchain data shows

Cyberattacks

Here are the factors causing constant rise in cyberattacks

Organisations should understand what systems and data are critical for the business to function and first address the risks these systems face

Tabby gets $150m credit facility

Tabby secures $150m credit facility from Atalaya Capital, Partners for Growth

Following Tabby’s Series B extension earlier this year, the fintech’s total capital raised to date amounts to $275m

RTA launches click and drive service

Dubai’s RTA announces launch of ‘Click and Drive’ initiative to enhance digital services

The authority also announced a series of initiatives in support of the digitisation of vehicle registration services, including a first-of-a-kind mobile eyesight testing service in the region

UAE Cabinet approves formation of 'Higher Committee for Government Digital Transformation'

UAE Cabinet approves formation of Higher Committee for Government Digital Transformation

The Committee will be chaired by Ohood Khalfan Al Roumi, Minister of State for Government Development and the Future

earned wage access

How earned wage access technology can help businesses increase employee retention

FlexxPay discusses how technology can help businesses to optimise team performance

Gaming and generation next in the advent of Industry 4.0

Blockchain companies have doubled down on esports to reach gamers, signing multi-year, multi-million-dollar sponsorship contracts

Metaverse

The metaverse: What are you missing out on?

A thriving metaverse is reliant on consumers buying into the hype and that’s a long way off, says Joe Baguley, VP and CTO at VMware EMEA

DEWA uses AI solutions to enhance water security

How DEWA is using AI to boost operational efficiency

DEWA is using ‘iService’, which utilises metre diagnostics data to detect service interruptions and initiate rectification procedures automatically, among other tech solutions

Asia’s Richest Men Prep for Battle as Adani Enters Ambani’s Turf

5G subscriptions expected to reach 263 million in MEA region by 2026: Nokia

The study also reveals that 5G and 4G together are expected to drive more than 90 percent of data traffic in the Middle East

Netscout

Insights: You can’t manage what you can’t see

IT firms simply cannot afford to ignore solutions that bridge the visibility gap

searchable encryption

Here’s the new technique to fast-track deployment of searchable encryption

Researchers have been exploring searchable encryption techniques to improve cloud storage security that still enable search

Fintechs

Why bank and tech giants are losing their experts to fintechs

Significant numbers of employees are moving from tech firms like Amazon.com and Microsoft to fintech companies

Truly secure

Truly Secure teams up with virtual application delivery, Cameyo

Cameyo’s platform provides cost-effective and flexible delivery of applications to any device