Archive / Technology - 2021
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Why a $200bn stake in Tencent is a problem for South Africa's NaspersA few days separate us from Expo 2020. Eight years after winning the bid to host the global fair, and almost two years since the...More effort required to boost trust in AI in financial sector, OECD saysGovernments, financial regulators and businesses should step up their efforts to address the challenges of developing and deploying trustworthy artificial intelligence in the financial sector,...Airbnb to provide free temporary housing to 20,000 additional Afghan refugeesAirbnb is doubling the number of Afghan refugees it plans to temporarily house as more people flee Afghanistan and seek shelter after the Taliban seized...What's in store with Apple's new iOS 15Apple has launched its newest operating system for iPhone, iOS 15, with a series of new features including better translation software, a fresh look for...Facebook ad business hit by new Apple privacy rulesFacebook has told advertisers that Apple's iPhone privacy changes, which allow users to block tracking, have significantly affected its advertising revenues because less data could...Google to buy New York building for $2.1bnGoogle is buying a New York office building for $2.1 billion as it moves towards a more hybrid approach to work in the post-Covid era.The...Lithuania says to throw away Chinese phones due to censorship concernsLithuania's Defence Ministry recommended that consumers avoid buying Chinese mobile phones and advised people to throw away the ones they have now after a government...UAE tops Arab world in future readinessThe UAE has been ranked number one in the Arab world with respect to its digital progress and preparedness for the future, a new report...How many satellites are orbiting Earth?It seems like every week, another rocket is launched into space carrying rovers to Mars, tourists or, most commonly, satellites. The idea that “space is...Abu Dhabi’s Ethmar Holdings launches drone transport company for healthcare sectorAbu Dhabi-based investment manager Ethmar Holdings has tied up with Apex Al Wataniya Logistics and robotics company Averro Technology to set up a drone-based transport...Users can now completely remove passwords from Microsoft accountUsers can now remove a password completely from the Microsoft account and can sign in to the company's services through alternative authentication methods.From now on,...Microsoft Office 2021 consumer release to come out in OctoberAmerican tech giant Microsoft has launched its next perpetual version of Microsoft Office for commercial customers and has also promised an Office 2021 consumer release...Generation Start-up: How this AgTech company is ripe for growthAlmost a decade ago, Khadija Hasan couldn’t help but notice the lack of local produce sold in supermarkets and grocery stores in the UAE.At the...Chinese business magnate loses $27bn as company’s stock plungesColin Huang, the founder of Chinese e-commerce platform Pinduoduo has lost more wealth this year than anyone else in the world.Mr Huang’s fortune has dropped...Online scam hits 16 Arabic-speaking countries and more than 130 brandsOnline scam hits 16 Arabic-speaking countries and more than 130 brandsAn online scam affected victims in 16 Arabic-speaking countries through the manipulation of more than...Facebook bans German anti-lockdown accounts for spreading misinformationAlmost 150 German Facebook accounts and pages linked to anti-lockdown demonstrations have been shut down by the social media company.They fell foul of new rules...Dubai adopts new action plan to develop digital economy strategyThe Dubai Digital Economy Retreat concluded on Wednesday with the adoption of a new action plan designed to develop the emirate’s digital economy strategy.Discussions at...Abu Dhabi adds computer systems and software designing to freelancer licence categoryThe Abu Dhabi Department of Economic Development (Added) has made “computer systems and software designing” part of the freelancer licence category in an attempt to...Six takeaways from Apple’s iPhone 13 launchApple, one of the most valuable and popular tech companies in the world, launched the iPhone 13 series and other products at an online event...iPhone 13 unveiled: Apple launches new iPhones, smartwatches and iPadsApple has launched its 5G-enabled iPhone 13 series as it wrestles with other smartphone manufacturers to increase its market share and attempts to diversify its...Apple to hold next launch in October after iPhone event on September 14Apple, which is expected to launch new iPhones and smartwatches today, will host another product launch event next month, the US venture capital firm Loup...How to secure your WhatsApp chats with new encryption featureTo enhance the privacy of personal chats, images and videos, WhatsApp said it will allow users to encrypt the content backup on services such as...Apple iPhone through the years: every model from 2007 to 2020The youth of today may find it hard to believe but there was a time when we didn't have the Apple iPhone in our lives...Prehistoric winged lizard unearthed in ChileChilean scientists have announced the discovery of the first-ever southern hemisphere remains of a type of Jurassic-era "winged lizard" known as a pterosaur.Fossils of the...Mars rocks collected by Perseverance boost case for ancient lifeNASA's Perseverance Mars rover has now collected two rock samples, with signs that they were in contact with water for a long period of time...WhatsApp beefs up end-to-end encryption to increase data securityFacebook's chief executive Mark Zuckerberg said the company is expanding end-to-end encryption on its WhatsApp messaging service.Texts sent on WhatsApp are already protected so they...Google to replenish 120% of its water use as droughts grip western USGoogle has pledged to give back more water than it consumes by 2030 and support water security in communities where it operates as water scarcity...DoorDash, Uber and Grubhub sue over New York City delivery fee capDoorDash, Grubhub and Uber Eats are suing New York City over its cap on the amount meal-delivery services can collect from restaurants.In a complaint filed...Egypt plans to connect 60 million people with high-speed internetEgypt, the Arab world's most populous nation, will connect more than 60 million people living in rural areas with high-speed internet, according to the country's...Apple Event 2021: Date, iPhone 13 leaks and what to expect at September's eventApple — one of the world’s most valuable public companies — is set to host its second major product launch event of the year on...Blinken to Taliban: Any legitimacy 'will have to be earned'U.S. Secretary of State Antony Blinken said Wednesday that any legitimacy or international support for the Taliban “will have to be earned” after Afghanistan's new...Samsung's pre-orders for Z Fold 3 higher than last year's modelSamsung's pre-orders for the newly launched Galaxy Z Fold 3 smartphone were four times higher in the Gulf region compared to its predecessor released in...DIFC new company registrations rise 59% in first half of 2021New company registrations at Dubai International Financial Centre rose 59 per cent annually in the first half of this year.About 492 new companies joined during...Apple event 2021: New iPhones expected to launch on September 14Apple is expected to launch its latest series of 5G-enabled iPhones in an event that will take place on September 14.The event, which will have...Investcorp Technology Partners acquires global FinTech company MIRInvestcorp, the alternative asset manager that counts Mubadala Investment Company as its biggest shareholder, has acquired international FinTech company MIR Limited.MIR operates payments platforms and...WhatsApp to stop working on 43 smartphone models from NovemberUsers of 43 different models of smartphones will soon be unable to use the popular instant messaging app WhatsApp.On November 1, the Facebook-owned platform will...Saudi Arabia’s Solutions by STC plans to raise $966m through an IPOArabian Internet and Communications Services Company, also known as Solutions by STC, plans to raise up to 3.62 billion Saudi riyals ($966m) through an initial...How one company is helping UAE creatives earn more through digital artWhen niche American artist Beeple, otherwise known as Mike Winkelmann, auctioned a digital collage at Christie’s for $69 million earlier this year, the sale struck...Generation Start-up: how Riyadh’s WeDeliver is revolutionising last-mile delivery industry“Out of adversity comes opportunity” … this famous saying by American polymath Benjamin Franklin fits well in the context of Covid-19.The pandemic, which upended businesses...China’s Xiaomi overtakes Apple to grab second spot in global smartphone industryChina's Xiaomi has overtaken iPhone maker Apple to become the world's second-biggest smartphone manufacturer, according to a new report.The company, which is based in Beijing,...Amazon plans to roll out its own TV in the US by OctoberAmazon.com is planning to launch its Amazon-branded TV in the United States as soon as October, Business Insider reported on Thursday.The launch, involving teams from...How Axie Infinity is helping jobless gamers become cryptocurrency tradersWhen Vincent Gallarte was laid off in July, the Manila-based information analyst found an unusual financial lifeline: an online game that rewards players in cryptocurrency....Abu Dhabi’s ADQ to start new AgTech park in Al Ain to boost local food productionAbu Dhabi’s holding company ADQ plans to start a new venture in Al Ain to boost the production of fresh fruits and vegetables in the...Global government IT spending to top $557bn in 2022The amount spent on information technology by governments globally is set to grow 6.5 per cent annually to $557.3 billion in 2022 as they accelerate...Apple’s App Store customers spend $41.5bn in H1Consumers spent about $41.5 billion on apps downloaded from Apple’s App Store during the first six months of the year, up almost 22.5 per cent...S Korea bans app payment monopolies in world firstSouth Korean MPs on Tuesday passed a law banning Apple and Google from forcing app developers to use the tech giants' payment systems, effectively declaring...Zoom’s Q2 net profit climbs 71% as it posts first billion-dollar quarterZoom Video Communications’ second-quarter net profit rose more than 70.6 per cent year-on-year as the company achieved its first billion-dollar revenue quarter, underpinned by the...India's AI company Signzy partners with Dubai's Seed Group to enter UAESignzy, an Indian artificial intelligence start-up specialising in banking workflow automation, has partnered with Dubai-based investment company Seed Group to enter the UAE market and...Apple to repair iPhone 12 models with faulty audio functionsApple said a “very small percentage” of iPhone 12 and iPhone 12 Pro devices have an audio problem and pledged to repair the products.The phones...Why it is important to challenge gender bias in the tech sectorAcross all industry sectors, technology is radically disrupting business and the demand for technology talent is growing. At the same time, gender diversity is an...Cuba to recognise and regulate use of cryptocurrenciesThe Cuban government has said it will recognise and regulate the use of cryptocurrencies in commercial transactions.The Central Bank of Cuba will set up rules...Apple’s Tim Cook receives shares worth $750m on 10th anniversary as CEOApple chief executive Tim Cook received more than five million shares this week as he completes 10 years in the top job.The tranche of shares...Saudi Arabia unveils locally-made smart chip and new tech initiatives worth $1bnSaudi Arabia unveiled its first locally-made smart chip and announced a slew of new high-tech initiatives worth 4 billion Saudi riyals ($1.07bn) in partnership with...US grants licences for sale of automotive chips to China's HuaweiUS officials have approved licence applications worth hundreds of millions of dollars for China's blacklisted telecoms company Huawei to buy chips for its growing automotive...Covid-19 boosts digital payments adoption in Middle East, McKinsey saysMore than three quarters of Middle East respondents to a survey by global consultancy McKinsey estimate that their use of digital payment modes has increased...Saudi Arabia to unveil tech initiatives for programmers and entrepreneursSaudi Arabia will launch some of the region’s largest technology initiatives for programmers and entrepreneurs next week as it looks to broaden its digital economic...Why is WhatsApp expanding multi-device support to iPads and Android tablets?WhatsApp will expand its multi-device support to Apple’s iPads and on all tablets running on Android, according to a report from WABetaInfo, one of the...How Facebook and Giphy skirted antitrust scrutiny and attention from merger watchdogsLast year, Facebook did something US technology companies have done countless times before: it bought a smaller company and closed the deal without notifying competition...Toyota succumbs to chip shortage and cuts September outputToyota's efforts to stockpile enough chips and other key components to ride out supply disruptions only protected the company so long before it, too, succumbed...IBM temporarily closes New York offices amid surge in Covid-19 casesInternational Business Machines (IBM) is temporarily closing its offices in New York City amid rising Covid-19 cases in the Big Apple, but the company stopped...Tesla unveils D1 chip to train AI models and build supercomputer DojoElectric vehicle maker Tesla unveiled a new computer chip, designed entirely in-house, which will be used in the company’s supercomputer, Dojo.Unveiled at the company’s online...Facebook to offer loans to small businesses in IndiaFacebook will offer loans to small businesses in India under a new initiative with online lending platform Indifi, the company said on Friday.The California-based company...Network International to boost acceptance of African mobile wallets in UAEDubai’s Network International, one of the top payment processing companies in the Middle East and Africa, signed a deal with Amsterdam-based TerraPay Payment Services to...US extradition ruling expected in months after Huawei CFO hearing endsHuawei Technologies’ chief financial officer Meng Wanzhou’s extradition hearing in Vancouver is over, bringing to a close more than two years of proceedings that have...Malware attacks in Middle East jump 17% to 161 million in first half of 2021Malware attacks in the Middle East increased almost 17 per cent on an annual basis to 161 million in the first half of this year...India’s Moglix enters UAE after funding round values it at $1bnMoglix, an industrial business-to-business marketplace in India, has entered the UAE market after raising $120 million in its latest funding round that valued the company...Colonial Pipeline notifying 5,810 people of data breach after DarkSide attackColonial Pipeline is notifying 5,810 people of a possible breach of their personal data following the DarkSide ransomware attack that hit the US company in...Saudi Arabia's PIF boosts stake in US game maker ActivisionSaudi Arabia's sovereign wealth fund increased its stake in American video game maker Activision Blizzard, boosting the value of its US stock holdings by 3.2...SoftBank-backed Ola prices e-scooter near regular bikes in value-conscious IndiaOla Electric Mobility has priced its electric scooter at 99,999 rupees ($1,348) in an attempt to crack the affordability barrier for electric two-wheelers in value-conscious...Moorfields Eye Hospital Dubai investigates cyber attackMoorfields Eye Hospital Dubai has started an “urgent” investigation after hackers targeted some of its servers in a recent cyber attack.“‘Moorfields Dubai has recently been...Amazon to spend $120bn at US suppliers in 2021Amazon aims to spend $120 billion in purchasing equipment, supplies and services from more than 200,000 businesses in the US this year, the company said.The...Facebook delays return to office for employees until January due to Delta fearsFacebook has pushed back its office return date for all US and some international employees until January due to concerns over the highly infectious Delta...Samsung launches new Galaxy Z Fold 3 and Flip 3 foldable phonesSamsung unveiled two 5G-enabled foldable smartphones under its Galaxy series, including its first model that costs less than $1,000.The South Korean technology company aims to...Majority of female entrepreneurs in MEA have digital presence for their businessesAbout 81 per cent of female entrepreneurs in the Middle East and Africa have a digital presence for their businesses, compared with 68 per cent...Tesla shipments of China-made cars fall in JulyTesla shipments of China-made cars to the local market fell sharply last month following a run of negative publicity and the recall of almost every...Robinhood to buy shareholder voting firm Say Technologies for $140mRobinhood Markets agreed to buy Say Technologies, a tool for shareholder voting and communication, in its first acquisition as a public company.The approximately $140 million...Billionaires Bezos and Infosys co-founder Murthy to end controversial India ventureAmazon is disbanding a controversial joint venture in India with billionaire Narayana Murthy, a potential setback for the e-commerce company as the country’s online market...New Android malware compromises 10,000 Facebook accounts in 140 countriesNew malware called FlyTrap has compromised more than 10,000 Facebook accounts in about 140 countries since March, according to a new report.FlyTrap has penetrated accounts...Pandemic has hastened AI adoption, IBM executive saysThe Covid-19 pandemic has accelerated the adoption of artificial intelligence technology after businesses were prompted to quickly digitise to adapt to the new normal, according...Global data theft costs rise to $4.2m a breachThe average global cost of a data breach rose by about 10 per cent a year to $4.2 million over the past 12 months, according...Why Samsung leads the foldable phone packFoldable smartphone shipments will surge almost three times on an annual basis to reach nearly 9 million units this year, with Samsung holding 88 per...NASA Mars rover fails to collect rock in search of alien lifeNASA's Perseverance drilled into the surface of Mars but failed in its initial attempt to collect rock samples that would be picked up by future...Amazon pushes return to office to 2022 as Covid cases surgeAmazon is postponing the date for corporate workers to return to the office until early next year.The Seattle-based company had previously said its employees should...Huawei’s revenue slides 29% as consumer business slowsHuawei's first half revenue dropped an annual 29.4 per cent as the company's consumer business slowed due to mounting pressure from US authorities and concerns...U.S. watchdog rejects Blue Origin protest over NASA lunar contractA U.S. government watchdog on Friday sided with NASA over its decision to pick a single lunar lander provider, rejecting a protest filed by Blue...Govt, private sector team up to train 9 million digital professionals by 2030As part of a wider plan to digitize Indonesia, the government has continuously supported digital talent development programs as one of the keys to digital...Alibaba posts first-quarter profit despite fine as revenue soars 34%Alibaba Group posted a first-quarter net profit despite paying a hefty anti-trust fine, with the company rebounding from a loss in the previous quarter.The Hangzhou...Saudi Arabian AI start-up Intelmatix secures funding from STV and Sultan HoldingsIntelmatix, a Riyadh-based artificial intelligence start-up, said on Tuesday it has closed a new funding round led by Saudi Arabia's technology venture capital fund STV.Sultan...Elon Musk rejects report that he demanded to replace Tim Cook as Apple CEOTesla’s billionaire founder Elon Musk has denied an unconfirmed story that he demanded to become Apple’s chief executive in a 2016 phone call with the...Feline okay? The app that tells you if your cat's happyCat owners who love to take pictures of their furry friends now have a new excuse to pull out their smartphones and take a snapshot:...Kitchen robot in Riga cooks up new future for fast foodA pasta order comes in and the robotic arm springs into action at the Roboeatz eatery in Riga. After five minutes of gyrations, a piping...Binance to wind down crypto derivatives in Europe amid growing regulatory pressureMajor cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives products offerings across Europe, the latest move by the platform...Global smartphone shipments up 13% in second quarter on increased spendingGlobal smartphone shipments surged 13.2 per cent in the second quarter of this year, beating analysts’ expectations of 12.5 per cent as demand was driven...PayPal’s profit disappoints as revenue misses Wall Street expectationsPayPal's annual second-quarter net profit fell nearly 23 per cent despite the company adding 11.4 million new active accounts and revenue for the period coming...Facebook’s profit doubles on robust advertising growthFacebook reported an annual 101 per cent rise in second-quarter net profit, driven by strong advertising sales growth.Net profit surged to $10.4 billion in the...Zoom to buy Five9 for $14.7bn in expansion pushZoom Video Communications agreed to acquire Five9 for $14.7 billion in its largest-ever acquisition, choosing a call centre provider to bolster its popular videoconference app...Tesla to offer advanced driver assistance software for monthly feeTesla has introduced an option for some customers to subscribe to its advanced driver assistance software, dubbed “Full Self-Driving capability”, for $199 per month, instead...Why Blockchain is worth far more than cryptocurrencies – Pocketful of DirhamsIt’s hard to pick up a newspaper these days without some reference to cryptocurrencies on the pages.But for some, the world of crypto assets and...Why India's e-commerce start-ups are on investors' radarsIndia's shoppers are shunning brick-and-mortar outlets for the convenience and security of the web.A validation of the trend in the country that is set to...Facebook evades EU ban on WhatsApp data useFacebook escaped a possible EU ban on its use of WhatsApp customer data but faces an investigation of new terms and services that have sparked...India’s Paytm targets $2.2bn through IPOPaytm, the Indian digital payments pioneer backed by SoftBank Group, is seeking approval for a $2.2 billion initial public offering that could be India’s largest.The start-up...Netflix plans to offer video games in push beyond film and TVNetflix, marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts...Google recruits 12 Mena start-ups to online acceleratorGoogle has selected 12 start-ups from six countries, representing seven different sectors, to join the second cohort of its ‘Google for Start-ups Accelerator Middle East...Didi warns of negative impact after it is forced to remove 25 more appsDidi Chuxing said it faces a negative impact after it complied with a Chinese order to remove 25 more apps from mobile app stores for...French regulator fines Google $592m over copyright rowGoogle was fined €500 million ($592.2m) by French authorities after the company failed to comply with last year’s orders on how to conduct “fair” talks...Facebook, Twitter vow to tackle racial abuse of England footballersFacebook and Twitter said Monday they were scrambling to take down racially abusive comments directed at members of the England football team following a heartbreaking...Alphabet’s YouTube launches TikTok rival Shorts in more than 100 countriesAlphabet-owned YouTube has rolled out the beta, or test, version of Shorts – its short-form video experience to rival popular Chinese app TikTok – in...UAE unveils coder training campaign with tech giants Google and AmazonThe UAE has signed a deal with a host of technology giants, including Google and Amazon, to train 100,000 young people in computer programming.Sheikh Mohammed...Microsoft set to buy cyber security company RiskIQ amid rise in global attacksMicrosoft has agreed to acquire RiskIQ, a security software maker, as the technology company tries to expand its products and better protect customers amid a...German start-up Volocopter partners with Canada’s CAE to train air taxi pilotsThe electric vertical take-off and landing, or eVTOL, partnership aims to develop the “pilot workforce of the future” and ensure “safe introduction of eVTOL operations...China's online regulator orders removal of 25 Didi mobile appsChina's cyberspace administration will remove 25 mobile apps operated by Didi Global from app stores as the government stepped up a crackdown on the ride-hailing...Twitter promises to ‘fully comply’ with India's internet rulesTwitter has pledged to “fully comply” with India’s new internet regulations, caving in a dispute with the government over rules that critics say curtail privacy...Governments and oil majors must support sustainable aviation fuels, Iata chief saysGovernments and oil majors must redirect their focus and investment to support sustainable aviation fuels as the airline industry prepares to raise its environmental goals,...Visa users spend $1bn of cryptocurrencies in first half of 2021More than $1 billion was spent by Visa users on products and services through cryptocurrency-linked cards globally in the first six months of the year,...Samsung’s second-quarter profit likely to rise 53% on higher chip salesSamsung Electronics, South Korea's largest company, said its second-quarter operating profit is expected to surge nearly 53 per cent from a year ago, beating analysts’...SoftBank rolls out first Leica-branded smartphone in JapanJapan's SoftBank is rolling out a Leica-branded smartphone, Leitz Phone 1, exclusively for the Japanese market.This will be the first branded smartphone by the German...GCC to have the second-highest number of 5G mobile subscribers by 20265G users will account for 73 per cent of all mobile subscriptions in the Gulf region within the next five years, the second-highest in the...Hackers reportedly demand $70m in Bitcoin after Kaseya ransomware attackCybercriminals reportedly demanded $70 million in Bitcoin in exchange for data stolen during the last week’s attack on Miami-based technology company Kaseya that halted operations...Ethos Invest's new £1bn FinTech fund to spur investment into Islamic economyFor British asset manager Ethos Invest, raising £1 billion ($1.37bn) to create the world’s largest Sharia-compliant, FinTech-focused private equity fund is more about creating momentum...China's Didi says revenue will be affected by removal of appChina's biggest ride-hailing company Didi said on Sunday that the removal of its DiDi Chuxing app from smartphone app stores in China is expected to...New electric aircraft set for inaugural flight in second half of 2021Electric-plane start-up Eviation Aircraft unveiled the production version of its Alice commuter aircraft, saying the pioneering model is set for an inaugural flight in the...US awards Raytheon $2bn contract to develop new nuclear cruise missileRaytheon Technologies was awarded a contract worth as much as $2 billion to develop a new nuclear cruise missile, the first major Biden administration move...Amazon seeks recusal of FTC's Khan in investigations involving the companyAmazon wants Federal Trade Commission Chair Lina Khan recused from matters involving the company because of her history criticising the online retailer as a threat...Source code for the World Wide Web sells as NFT for $5.4mIn a stand-alone auction on Wednesday, an NFT of the source code for the World Wide Web brought in $5.4 million.Bidding opened at Sotheby's on...Dubai's Mamo secures licence to operate from DIFC as demand for digital payments surgesFinTech company Mamo secured a licence to operate from the Dubai International Financial Centre, a move that would allow the start-up to test its products...When do electric vehicles become cleaner than gasoline cars?You glide silently out of the Tesla showroom in your sleek new electric Model 3, satisfied you're looking great and doing your bit for the...Google to partner with Ericsson to provide cloud services to 5G customersGoogle will bring its cloud services closer to customers using 5G wireless equipment built by Ericsson, stamping its mark on a business that was once...Covid-19 testing labs can self-register to join Iata's Travel Pass networkCovid-19 testing labs around the world can start registering themselves to become an eligible testing location for travellers using the Iata Travel Pass, a Covid...Facebook hits $1tn value after dismissal of monopoly lawsuitsFacebook won the dismissal of two antitrust cases filed by the federal government and a coalition of states when a judge threw out the lawsuits,...Tesla forced to recall almost all cars in China for safety fixTesla’s aspirations in China were dealt a major blow at the weekend after the government ordered that almost all the cars it has sold in...Edunation raises $3m from US-based Rubix amid exponential growth in EdTech sectorJordan-based Edunation, an online learning management platform, raised $3 million from US investor Rubix as the remote-learning sector experiences exponential growth during the Covid-19 pandemic.The...Czechs end Dutch Euro 2020 dreamsNetherlands 0-2 Czech RepublicCzech Republic produced among the big shocks at EURO 2020 after eliminating Netherlands with a 2-0 win in the round of 16...Kuwaiti start-up Floward raises $27.5m in STV-led funding roundKuwaiti start-up Floward, an online florist and gift-delivery business, has raised $27.5 million in a funding round led by Saudi Arabi's technology capital raising fund...Yahsat could raise up to $811m through IPOMubadala Investment Company's Al Yah Satellite Communications could raise up to Dh2.98 billion ($811 million) through its coming initial public offering on the Abu Dhabi...Toyota-backed self-driving startup Pony.ai considers IPO to improve growthSelf-driving tech company Pony.ai, backed by Toyota Motor, is considering going public in the US to greatly help fund its goal of commercialising driverless ride-hailing...Microsoft unveils Windows 11; first major update in 6 yearsMicrosoft has unveiled the next generation of its Windows software, called Windows 11, which has sleeker visual features and is more open to third-party apps.The...Tinder adds new features as love seekers stay virtualDating app Tinder on Tuesday added more ways for folks to access know the other person from afar before meeting in a global changed by...Instagram Music finally available in IndonesiaA long-awaited Instagram feature which allows people to include music with their Stories has finally been offered in Indonesia.Instagram users in Indonesia discovered on Wednesday...Iran seizes 7,000 cryptocurrency computer minersIranian police have seized 7,000 computer miners at an against the law cryptocurrency farm, their major haul to date of the energy-guzzling machines which have...Twitter stars to dabble with getting fans to payTwitter says that a tiny flock of high-flying tweeters in america will get to test an attribute letting fans pay for special access to online...Banks test cryptocurrencies offerings amid regulatory scrutinyBanks seeking to expand in to the wild world of crypto are receiving a pointed reminder from regulators of the risks involved.The Basel Committee on...Would you head to an Amazon beauty salon?Before I sat in the stylist’s chair at Amazon’s new beauty salon my tresses had only been seen to twice by a specialist in the...Former Morgan Stanley traders turn cryptocurrency start-up into unicornA group of former Morgan Stanley traders has turned their cryptocurrency venture right into a unicorn by bringing Wall Street ways of the brave "...The Luxury Closet raises $14m for expansionDubai-based online marketplace THE BLISSFUL LUXURY Closet has raised $14 million to expand its functions worldwide amid a coronavirus-induced surge in online sales and demand...Generation Start-up: FortyGuard looks to mitigate ramifications of extreme heat on citiesAbu Dhabi-based FortyGuard is tackling among the region’s most pressing problems - how to lower surface temperatures through the summer months.The start-up, which is backed...Electric vehicle start-ups hit speed bumps after heady public floatsSeveral electric auto start-ups that raised large sums from investors in the wake of Tesla’s ascent are hitting potholes as they pursue next-generation vehicles.The newest...Tag Heuer luxury watch sales could reach 2019 levels this seasonThe principle executive of Tag Heuer - the maker of luxury watches beloved by athletes - expects sales to recuperate to 2019 levels this season...Organisation of Islamic Co-operation approves Abu Dhabi Declaration to market scienceMember states of the Organisation of Islamic Co-operation (OIC) approved the Abu Dhabi Declaration - a mission statement affirming their commitment to adopt all necessary...World Bank rejects El Salvador Bitcoin implementation request on environment and transparency concernsThe World Bank said on Wednesday it could not assist El Salvador's Bitcoin implementation given environmental and transparency drawbacks."We are committed to helping El Salvador...How Poland is assisting to condition the economy of tomorrow - Business Extra podcastPoland hopes its role as a central and eastern European technology hub can help create cross-investment opportunities in the financial, healthcare and food sectors for...