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FTX founder Sam Bankman-Fried

Ex-FTX CEO Bankman-Fried arrested in Bahamas as US files charges

More than 100 FTX-related entities filed for US bankruptcy protections on November 11

Fintech PayTabs acquires Turkey’s social commerce platform, Paymes

The acquisition aims to create a unified social commerce platform for micro merchants, fempreneurs and webpreneurs across the MENA region

Sharjah

Sharjah Media City unveils new company to launch media, technology startups

The company will serve as an integrated platform that brings together media talents, entrepreneurs and experts to establish media projects supported by advanced technology

Mobility startup Moove raises $30m for UAE expansion

Moove, which was founded in Nigeria and provides revenue-based vehicle financing has scaled up to 13 markets in 2022

Hub71

Abu Dhabi’s Hub71 startup community raises $1bn in venture capital

Nine startups had raised over $150m collectively at the time of joining Hub71 in 2022

Stella Stays

Proptech Stella Stays expands footprint, opens second residence tower in Riyadh

The Olaya Tower 2 offers furnished apartments, a co-working space and other recreational and commercial services

DMCC announces launch of its gaming centre

DMCC is currently home to over 50 gaming companies, from game developers and producers to esports teams and tournament organisers

Dell Tablet

Dell Technologies announces new Latitude 7230 Rugged tablet

The device is said to be the lightest 12–inch fully rugged tablet, designed for professionals in arduous roles that demand critical reliability

Prince Khaled’s KBW Ventures invests in US-based foodtech startup

The funding round will help Black Sheep Foods scale up production for its debut lamb made from plants

Saudi Arabia and China strengthen strategic partnership in digital economy

Saudi Arabia and China strengthen partnership in digital economy

The partnership also covers cooperation in the fields of artificial intelligence, advanced computing and quantum information technology

jobs

Over a third UAE IT decision-makers actively looking for a new job, finds study

According to ManageEngine’s IT at work: 2022, about half of IT decision-makers said they would leave their companies if pay did not keep up with inflation

ExpertBook

How ASUS’ ExpertBook B3 Detachable laptop is beneficial for students and business professionals

Designed both for education and business, the device is an ideal portable companion for remote learning and working for uninterrupted periods

Bulwark Issquared

IT service provider Issquared signs deal with Dubai-based Bulwark Distribution

Issquared offers a comprehensive portfolio of products to address operational excellence and solve security and governance needs

Turtlefin

Turtlefin partners with The Continental Group in the UAE to offer insurance solutions

The solution is said to bring operational efficiencies by automating proposal journeys, management reporting and dashboards, which will be accessible from a single source

Nike launches its smart sneaker Cryptokicks iRL

Nike launches its smart sneaker Cryptokicks iRL

The Cryptokicks iRL features auto-lacing, enhanced lighting, haptic feedback, gesture control, walk detection, app connectivity, AI/ML algorithms and wireless charging via the RTFKT powerdeck

UAE

UAE Space Agency signs strategic agreement with AWS

Both entities will work together on three key initiatives

Oversight Board

Meta’s Oversight Board criticises ‘shortcomings’ in protection of VIP accounts

The Oversight Board, which was conceived by and funded by Meta and is comprised of 20 journalists, academics and politicians, began assessing cases last year

Atos

Atos opens new Global Delivery Center in Cairo

The company signed an agreement with the Egypt’s Information Technology Industry Development Agency to expand operations in the country

Gitex Global 2022 generates Dhs 2.6bn total economic output

Gitex Global 2022 generates Dhs2.6bn total economic output

The tech show attracted more than 170,000 attendees, 40 per cent of which were international

Apple

Apple scales back self-driving car and delays debut till 2026

The company is now planning a less-ambitious design that will include a steering wheel and pedals and only support full autonomous capabilities on highways

Intel

Intel says it’s on course to regain chip production leadership

Intel is currently mass producing 7-nanometre chips and is ready to start manufacturing 4-nanometre semiconductors

Dubai Tabby

Two malls in Dubai introduce buy-now-pay-later option

Al-Futtaim Malls have partnered with Tabby to offer BNPL services at Dubai Festival City Mall and Festival Plaza, Jebel Ali

Ajman

Ajman Bank signs strategic partnership with KMMRCE Pay

The partnership equips Ajman Bank with the technology to accelerate its digital transformation and enrich its client offering by adding new payment services

Bosch

Bosch introduces new digital transformation solution in the Middle East

The solution harvests data to predict and assess outcomes, respond to changes and improve operations, helping customers to manage and simplify complex automation

Mohre

UAE: MoHRE launches automated system for employment contracts

In the first two days of the launch, more than 35,000 contracts have been completed

Indonesia

Here’s what we know so far about Indonesia’s digital rupiah

Indonesia is setting out its plans for the digital rupiah, a blockchain-based currency, starting with transactions between local banks

Bitcoin

Bitcoin’s bearish futures are signalling a slowdown into 2023

Bitcoin’s price has dropped 64 per cent since the beginning of the year

Sideup

Egypt’s Sideup raises $1.2m to grow its e-commerce platform

The startup will launch Saudi Arabia operations with investment in a new office and local hiring

Dubai Future Labs signs three agreements

Dubai Future Labs signs three agreements to drive innovation in aviation, logistics

The agreements seek to drive adoption of advanced robotics and automation technologies in key economic sectors

Sustainable transportation is going to be integral to cities down the road

With the rate of urbanisation ramping up, the demand for more sustainable and carbon-neutral options for mobility is also increasing