Archive / Technology - 2021
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Nuwa Capital aims to close its $100m fund by year-end since it taps into Mena's tech boomNuwa Capital, a capital raising firm located in Dubai and Riyadh, aims to close a $100 million fund by the finish of this year since...Jaguar programs to only make electric cars by 2025Jaguar Land Rover's extravagance Jaguar brand will get entirely electric power by 2025 and the carmaker will release e-products of its entire lineup by 2030,...General Motors expects double-digit sales growth on Middle East and Africa this yearGeneral Motors intends to attain double-digit growth in product sales across the Middle East and Africa, with the aid of its first electric sports utility...ADGM adopts new info protection regulationsAbu Dhabi Global Marketplace has enacted a fresh set of rules to ensure the protection of personal and confidential info.THE INFO Protection Regulations 2021, that...Generation Start-up: Udrive revs up again after pandemic-induced speed bumpCovid-19 threw up a variety of challenges to businesses this past year - from restaurants that couldn’t open their doors to producers struggling to source...ByteDance mulling potential sales of its Indian TikTok assetsByteDance is reported to be exploring a good sales of the India operations of TikTok to rival unicorn Glance, in an attempt to resuscitate the...Expedia misses estimates found in indication of lingering Covid effectsExpedia Group reported another steep drop in revenue in the fourth one fourth, missing analysts’ estimates amid a good surge in Covid-19 conditions and new...Uber considers Bitcoin as repayment, CEO saysUber begins accepting Bitcoin and other cryptocurrencies due to a form of payment if it rewards the business enterprise and if there exists a dependence...Hub71 tech community almost trebled in earlier 12 a few months despite Covid-19The number of companies presents within Abu Dhabi's Hub71 grew 191 percent in the past 12 months despite the economic uncertainty caused by Covid-19.The number...TikTok’s sales to Oracle-led consortium reportedly deferredSale of TikTok's US procedures to a good consortium including tech giant Oracle and e-commerce business Walmart is deferred indefinitely amid an assessment by the...Man ordered to pay £25,000 found in damages after publishing libellous Trustpilot reviewA man has been ordered to pay £25,000 ($34,312) in damages after publishing a libellous review of solicitors’ strong Summerfield Browne.Phillip James Waymouth posted undesirable...Yahsat appoints the innovative chairman and chief executive since it targets growthAl Yah Satellite Communications (Yahsat), the satellite operator owned by Mubadala Expense Company, appointed a fresh chairman and a leader as it pursues growth prospects...Du's 2020 capex surges 24% even as full-year net profit slidesEmirates Integrated Telecommunications Company also called du, reported a 24.1 % annual upsurge in capital expenditure to Dh1.87 billion even while its full-year net earnings...Tesla invests $1.5bn in Bitcoin and can accept cryptocurrency as paymentTesla, the world's biggest electric vehicle business, said it'll soon accept Bitcoin while payment for its electric cars and has got invested $1.5 billion in...Pre-orders for Samsung's S21 series higher than last year's S20Samsung registered a 46 per cent increase in pre-orders for its newly-launched Galaxy S21 mobile series found in the Gulf region in comparison to last...Porsche announces electric autos ambition for 2030By the end of this decade, a lot more than 80 per cent of most vehicles sold by Porsche will be electric power, its leader...Japanese scientists to review source of high heat on asteroidJapanese space experts will examine soil samples cut back from a distant asteroid in an attempt to find the foundation of heat that changed the...Dubai is helping tech start-ups to script global victory stories, Crown Prince saysDubai’s radiant entrepreneurial ecosystem is enabling technology start-ups to script global success tales, according to the emirate's Crown Prince, Sheikh Hamdan bin Mohammed.Sheikh Hamdan made...Kuaishou's blockbuster IPO indicators greater activity in the Asian marketsKuaishou Technology’s eye-popping debut in Hong Kong on Friday carrying out a mega $5.4 billion initial general public offering has dispatched a solid signal to...GameStop, AMC gain after Robinhood lifts trading curbsShares in GameStop and AMC Entertainment rebounded slightly in premarket trading after Robinhood removed restrictions on buying the two stocks, which were at the centre...Jack Ma’s Ant strikes contract with China's regulators on overhaulAnt Group and Chinese regulators contain agreed on a restructuring method that will flip Jack Ma’s fintech huge into a financial positioning company, making it...Wild swings of Bitcoin prove it is not a real unit of value, Goldman Sachs saysThe wild swings in the price tag on Bitcoin prove it isn't a genuine unit of value, though blockchain technology “is here now to stay,”...Starzplay eyes IPO simply by 2024 amid projects to double its businessDubai-based Starzplay, the center East and North Africa's fastest-developing video streaming service, is going to be eyeing an initial public offering by 2024, propelled by...Jeff Bezos to stage down as Amazon leaderJeff Bezos, the world's second-richest person, will step aside as Amazon's chief executive this year and be the executive chairman of the board, he told...Video streaming company Kuaishou valued at $61bn as it seeks Hong Kong floatIn China’s popular online-streaming industry, virtual gift-presenting is big. You can send your preferred live performer anything from a rose for 5 yuan (80 cents)...Ex-CEO of Just Eat backs Egypt's food-order iPhone app elmenusThe former chief executive of Just Eat committed to Egypt's food-ordering iphone app elmenus, as he appears to seize a share of the country's fast...Microsoft looks to fill up the void if Google exits AustraliaComputer software giant Microsoft is confident its internet search engine Bing can load the gap found in Australia if Google pulls its search more than...Why GM’s intend to phase away combustion engine cars by 2035 mattersLike the Pony Exhibit giving way to the railroad and telegraph in 1861, signs are everywhere of upheaval in transport technologies. Previous week’s announcement by...Why content marketing is extra important now than before Covid-19The growth and reach of digital media in the last decade radically shifted how companies are promoted and just how they interact with customers.Chief executives...Wirecard closes sales of core property to Banco Santander groupWirecard's insolvency administrator said the sales of the business's European technology resources to Spain's biggest lender Banco Santander has been completed.The transaction was closed on...Ericsson tops forecasts on 5G boomEricsson beat fourth-quarter key earnings forecasts on Friday, helped by strong sales of 5G equipment and the ban on Chinese rival Huawei in a number...General Motors aims to get rid of sale of gasoline vehicles by 2035General Motors is setting a goal to market all its different cars, SUVs and light pickup trucks with zero tailpipe emissions by 2035, a dramatic...Apple Q1 earnings surges 29% seeing as iPhone and iPad sales soarApple’s first quarter net profit surged an archive 29 per cent year-on-calendar year to $28.8 billion, as earnings across all item categories and every geography...Facebook’s sales hop as social network warns of uncertaintyFacebook’s fourth-quarter product sales jumped 33 %, with online shopping during the pandemic fuelling demand for digital advertisements on its internet sites. Still, the business...Microsoft's Q2 income climbs as Covid-19 boosts PC, gaming and cloud businessesMicrosoft posted a 33 per cent year-on-year upsurge in second quarter net profit as the Covid-19 pandemic boosted the company’s personal computing, gaming and cloud...China's central bank says Ant IPO may still take place once issues resolvedAnt Group could resume its plans for an initial public offering once problems are resolved, China’s central bank chief said, offering some relief to global...Iata’s Travel Move to count on blockchain to secure users’ dataThe International Air Transfer Association’s Travel Pass use blockchain technology to ensure users’ data is kept in a safe encrypted format and there is no...UAE Central Lender conducts cyber strike simulation to check the sector’s preparednessThe Central Lender of the UAE and the UAE Banks Federation conducted a cyber attack simulation exercise to check on how well equipped the country's...Generation Start-up: How Major2Enable is wanting to transformation the lives of children with disabilityEssential2Enable, a start-up providing assistive technologies in education to persons of determination, is definitely seeking investors to expand in the Middle East via its regional...Tech adoption and work-from-home culture drives expansion of India's IT sectorAs the Covid-19 crisis has taken its toll on many businesses in India, a few of the information technology businesses have observed phenomenal growth, driven...Google threatens to create its search engine unavailable in AustraliaGoogle on Fri threatened to create its search engine unavailable found in Australia if the federal government went in advance with plans to create tech...Etisalat and du shares surge in plan to boost foreign ownership limit found in stocksShares of Etisalat and Emirates Integrated Telecommunications Company, also called du, jumped a lot more than 14 per cent following the telecommunications operators said they...Middle East crypto exchange Rainfall secures $6m in fundingRain Financial, operator of the Rain cryptocurrency exchange certified by the Central Lender of Bahrain, secured $6 million in funding in a round led by...Cybersecurity jobs boom found in UAE with starting salaries of Dh40,000 or moreThe rapid shift to remote work in 2020 has resulted in a talent shortage for qualified cyber-security professionals in the UAE.But lucrative opportunities await those...Generation start-up: 'Matchmaker' platform for start-ups unveils plans to head out globalWhen Derek Watson quit the original world of finance to greatly help start-ups find their footing, he knew he previously made the proper decision.“The crash...Abu Dhabi's Global Energy Forum will need a deep-dive into energy transitionThe question of how exactly to chart an financial recovery after Covid-19 amid net carbon neutrality pledges will dominate talks at this year’s online Atlantic...Apple mulls foldable iPhone since it plans minor changes to 2021 lineupApple features begun early work on an iPhone with a good foldable screen, a probable rival to similar devices from Samsung Consumer electronics and others,...WhatsApp delays updated online privacy policy after confusion and customer backlashWhatsApp has delayed the launch of a new online privacy policy announced earlier this month after dilemma and individual backlash forced the messaging provider to...Nearly all UAE SMBs nowadays in a position to handle digital paymentsNinety-seven % of tiny and medium-sized businesses in the UAE, when compared to global average of 83 per cent, adopted new types of digital payment...How to prevent the faults of first-time Bitcoin buyersPossibly amid the soaring tech stocks of 2020, Bitcoin’s selling price action stood away, having risen from its March low of around $3,800 to previously...Online education start-up Byju’s to obtain Blackstone-backed Indian tutor for $1bnIndia’s most important online-education start-up Byju’s possesses signed a package to obtain brick-and-mortar tutoring organization Aakash Educational Providers for $1 billion, according to a source.The...Zoom set to raise $1.75bn through discounted stock offeringZoom is raising $1.75 billion through a stock offering, capitalising on enduring demand for the video-conferencing platform through the pandemic.Zoom is selling about 5.15 million...Digital health on spotlight as pandemic shifts tech show focusDigital health care is on the spotlight at the tech industry's special day this week amid a pandemic which has highlighted the importance of remote...Facebook says risk to US democracy resulted in ban on Donald TrumpUS President Donald Trump's Facebook profile was suspended as a result of the threat to US democracy, the social mass media giant's chief operating officer...Major CES gadget present turns to tech for virtual salvationThe Consumer Electronics Display known for crowds, sensory-overload, and deal-making is counting on technology it has longer hawked to put pizzazz into its first virtual...Apple and Hyundai set to agree package to make autonomous carsHyundai Electric motor and Apple plan to sign a partnership deal on autonomous electric vehicles by March and begin production by around 2024 in america,...Generation Start-up: Tratok founder says blockchain can lower out middlemen in travelling bookingsAmong the selling points of travel booking websites if they were primary established was to eliminate a number of the overheads buyers paid to traditional...Chinese EV maker Nio's valuation soars higher than General MotorsThe rally that has lifted the worthiness of Chinese electric carmaker Nio to almost the combined worth of auto behemoths Basic Motors and Ford Electric...Semiconductor shortage forces carmakers to slow productionA widening global shortage of semiconductors for car parts is forcing main car companies to prevent or slow vehicle creation just because they were dealing...Google suspends Parler iPhone app favoured by Trump supportersGoogle in Friday suspended the Parler social media service from its app store, citing articles inciting violence and demanding “robust” articles moderation from the software...Vodafone secures licence to be Oman's third telecoms operatorOman awarded Vodafone a licence to establish and operate consumer telecommunications services found in the country, building the British telecom giant the third operator found...Tributes paid to Silicon Badia co-founder Emile CubeisyTributes have already been paid to Emile Cubeisy, the co-founder and managing spouse of Jordanian capital raising firm Silicon Badia, who have died on Sunday...Alibaba looks to raise $5bn through bond sale amid regulatory scrutinyChina's Alibaba ideas to raise in least $5 billion through the sale of a good US dollar-denominated relationship this month, sources said, amid regulatory scrutiny...PayPal co-founder to float 'buy now, pay down the road' FinTech Affirm seeking $9bn valuationAffirm Holdings, founded by PayPal Holdings co-founder Max Levchin, is aiming for a valuation of above $9 billion found in its initial public supplying, the...Cyber security and restrained info flows among top 10 risks in 2021Cybersecurity threats and increased restrictions in global info flows are among the 10 top geopolitical dangers in 2021, a consultancy revealed in its latest statement.As...Slack goes down: Twitter reacts to place of work communications platform going offlineSlack was straight down for five time on the first Monday of 2021, which meant professionals around the world struggled to speak to their teams.The...Zain Group FinTech device secures kingdom's first buyer micro-financing licenceA good subsidiary of Kuwait-based telecom operator Zain Group has been granted a licence by the Saudi Central Lender to supply micro-financing services to consumers...UAE's JustChain launches blockchain-based notary platformUAE-based start-up JustChain, a company offering blockchain services to the legal sector, introduced a fresh blockchain-based notary platform.NotaryChain allows legal papers to be notarised digitally...Tesla delivers record amount of EVs in Q4 but falls just brief of full-year targetTesla delivered an archive amount of cars worldwide found in the fourth quarter of 2020, but fell just shy of a goal for 500,000 devices...Adobe discontinues its Flash Person plug-in after two decadesAdobe Flash Person, a browser plug-in that helped craft animation prior to the smartphone era, is officially discontinued following the company stopped helping it on...Amazon enters the podcast businessAmazon is jumping into the podcast business.The web shopping giant is buying Wondery, a 4-year-old producer of popular true crime podcasts such as “Dr Death”...Tesla to deliver China-made Model Y SUVs this monthTesla said on Friday it has started selling China-made Model Y sport-utility vehicles and can deliver them to customers this month, seeing that the US...