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Rain Financial

Coinbase-backed crypto firm Rain Financial cuts jobs

The staff cuts were made to reflect the operational needs and market conditions

ASUS Zenbook 17 Fold OLED at IFA 2022

ASUS launches Zenbook 17 Fold OLED

The laptop will be available worldwide from Q4 2022

Snap

Snap will cut 20% of workforce, slash investments, add COO

Snap is known for its core social media app Snapchat, which is popular for sending disappearing photo and video messages

Dubai DESC

Oracle’s Dubai cloud region receives DESC certification

Oracle Cloud Infrastructure operates two cloud regions in the UAE – Dubai and Abu Dhabi, providing customers with business continuity and disaster recovery capabilities

Instagram

Instagram adds ways for users to adjust their suggested posts

Instagram has been making major updates to its app over the past two years, increasingly populating feeds with algorithmically generated content

Twitter's new feature

Twitter’s new feature is out: What is it and how does it work?

Starting August 31, this feature will be available on iOS, Android and Twitter.com globally

Asian Chess Federation

The Asian Chess Federation, Checkmate partner to scale up online competitive chess

Checkmate is a Web3 initiative focused on producing and broadcasting linear and online tournaments for a new generation of players

UAE among global leaders in the adoption of a digital lifestyle

UAE ranks among leading countries on digital lifestyle indexes, reveals TDRA report

According to the report, the UAE ranks second globally in terms of internet usage at a rate of 99 per cent compared to the global average of 62.5 per cent

Amazon Web Services opens second region in the Middle East

Amazon Web Services launches second Region in the Middle East, plans investment of $5bn

The AWS Middle East (UAE) Region will support an average of nearly 6,000 full-time jobs annually at external vendors

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