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Hub71 startups

Abu Dhabi’s Hub71 accepts second cohort of tech startups

The second cohort includes 16 startups that have collectively raised more than $67m in funding

Reliance Jio to offer 5G services in India by October, invests $25bn

Reliance Jio to offer 5G services in India, announces $25bn investment

The 5G services will be rolled out in the four metro cities of Delhi, Mumbai, Kolkata and Chennai by October

Whatsapp

WhatsApp rolls out in-app shopping product with India’s JioMart

The new feature lets users in India shop for products from JioMart, and pay for them directly within the app

Africa

McKinsey sees Africa fintech sales surging eightfold by 2025

Financial services revenues in Ghana and francophone West Africa will enjoy the fastest growth, with Nigeria and Egypt the next quickest

CBUAE launches new website

UAE’s Central Bank launches new corporate website with interactive digital services

The website provides the latest financial and monetary news, research and statistics on the UAE and CBUAE regulations

Virtuzone Binance

UAE’s Virtuzone to accept cryptocurrency payments via Binance Pay

Via this partnership, Virtuzone seeks to advance the use of cryptocurrencies and blockchain technologies in the country

Hybrid work

Key tips to maintain security in hybrid work environment

To raise awareness about security and ensure a safe user experience, Cisco highlights key steps users can take to safeguard from potential cyberattacks

Inery

Inery Blockchain launches its first public testnet

The Inery public testnet will allow developers to test the different functions and features of the blockchain

Dubai Customs Dell

Dubai Customs opts for Dell Technologies to accelerate digital transformation

Dubai Customs chose a combination of Dell’s next-generation data protection and backup solutions to meet the organisation’s data protection needs

Bitcoin back down to around $20,000 after Jackson Hole caution

Numerous strategists have flagged $20,000 as a key point for Bitcoin

Employee engagement

Insights: Businesses reaping rewards through employee engagement

With organisations around the globe placing employee engagement at the centre, both employee and employer have huge opportunities to grasp the full potential leading to a happier workforce

Tech Awards

Nominations now open for GB Tech Awards 2022

The awards will be held on October 12 at Headlines, Dubai alongside the region’s largest tech event Gitex Global

Real Estate

How artificial intelligence is transforming the UAE’s real estate market

Alex Galtsev, CEO and founder at Realiste explains how the technology simplifies and streamlines the user experience

Abu Dhabi blockchain

Abu Dhabi outlines blockchain and virtual assets strategy

The Abu Dhabi Blockchain and Virtual Assets Committee emphasised the significance of regulating blockchain and virtual asset operations to adhere to anti money laundering

Fitbit wearables

Fitbit launches three new wearables – Inspire 3, Versa 4 and Sense 2

The devices will be available in September across leading local retailers and shall include a six-month premium membership

Matrixian Group

Matrixian Group raises $2m in funding from Pride Capital Partners

The funding will be used for scalable growth and both firms will look for strategic acquisitions together

Careem Express

UAE-based Chatfood announces partnership with Careem Express

The collaboration will help restaurant merchants access a delivery fleet at the click of a button

Sony PS5

Sony unveils high-end PS5 controller with parts you can mix and match

The company is yet to specify a price or release date for the new DualSense Edge wireless controller

Celonis funding round

Qatar leads investment round in Celonis at $13bn valuation

The latest funding came as an extension of last year’s Series D investment round

DBS Exchange

DBS Exchange says Bitcoin trading surged amid global selloff

The quantity of the world’s largest token, Bitcoin, bought on the members-only exchange was four times higher than April

Zywa

Teen-focused fintech startup Zywa raises $3m seed round

Zywa is reimagining financial services for Gen Z through gamified learning and community building

Zoom

Zoom slumps as video-conferencing company cuts sales forecast

Fiscal second-quarter sales increased 7.6 per cent to $1.1bn

Managing director Cisco

Cisco appoints Abdelilah Nejjari as managing director for Gulf region

Nejjari brings over two decades of diverse experience in ICT and executive leadership to the role, including more than 15 years with Cisco

Hussain-Sajwani Chairman DAMAC Properties

Damac Group’s Hussain Sajwani keen to explore investment opportunities in Germany

The company is looking to expand its footprint in Europe, having entered a joint venture in Denmark to build single family residential developments across Scandinavian countries

Huspy

UAE proptech startup Huspy acquires Just Mortgages, Finance Lab

The founders and employees of both businesses will join Huspy

Bitcoin

Bitcoin nurses losses as momentum gauge flashes price warning

The largest crypto was little changed at $21,330 as of 7.40am in London on Monday

Data storage

Insights: The data storage behind smart and safe cities

While adoption of digital technologies have brought a new era of progress, it can sometimes be hard for the untrained eye to recognise innovations in every-day life

Agritech UAE

Agritech startup Graze-it launches operations in UAE, Saudi Arabia

By growing sustainable animal feed directly at the consumer’s site, the company aims to solve a major food security challenge in the Middle East

ADIB Egypt

ADIB, Simplifi partner to expand Egypt’s digital payment ecosystem

Both the organisations will work together to help companies issue scheme-enabled prepaid cards by reducing cost to launch and time to market

W Motors

Luxury hypercars manufacturer W Motors ventures into metaverse

W Motors is launching HyperWolves NFTs, representing the spirit animal of its cars, the Wolf