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Mastercard NymCard tie-up

Mastercard certifies NymCard as a principal issuer

Fintechs, startups and financial institutions can now plug and play into NymCard’s modern BaaS infrastructure to issue their own Mastercard cards

Quigley

Outsystems appoints Mark Quigley as chief people officer

Quigley has held leadership positions at EMC, Nuance, Acoustic, and PTC

Microsoft Eaton

Microsoft collaborates with Eaton to improve sustainability

The expansion is part of a new strategic framework agreement between both the organisations designed to address major industry developments including digital transformation

Meta

Smart home devices market sees strong growth across the Middle East, Turkey and Africa

International Data Corporation’s tracker shows that 7.3 million smart home devices were shipped across the META region in Q1 2022

DIFC FIntech week 2022

DIFC to host the region’s most comprehensive fintech event in June

More than 1,000 attendees, including fintech startups, investment firms, banks and service providers, are expected to attend DIFC FinTech Week on June 28 and 29

Honor Magic4 Pro

Honor unveils its flagship smartphone Magic4 Pro in the UAE

Honor Magic4 Pro will be officially available for sale on June 24, 2022

tracking tool

Fintech firm Modifi unveils free shipment tracking tool for cross-border commerce

The open-for-all shipment tracking tool helps businesses to track and manage shipments in one glance, on one platform

PwC launches UAE cryptocurrency report, identifies three-stage facilitative model for regulation

Coinbase to lay off 18% of workers as crypto market worsens

The company plans to lay off roughly 1200 employees, ending the current quarter with about 5,000 employees

developer portal

Abu Dhabi’s ADIB launches API developer portal to drive open banking

The new portal will enable fintech developers to use the lender’s APIs for the purpose of developing their own applications

Binance

Binance resumes Bitcoin withdrawals after temporary halt

The transactions were stuck because they were submitted to the exchange with low transaction fees

Xbox

PlayStation takes on Xbox with new subscription service

The new service combines Sony’s previous subscription offerings into a three-tiered system

Oracle

Oracle jumps after revenue tops estimates on strong cloud effort

Sales increased 5.5 per cent to $11.8bn in the fiscal fourth quarter, topping the average analyst estimate of $11.7bn

Patricia murphy

Palo Alto Networks hires Patricia Murphy as new VP Ecosystems, Partners and Strategic Alliances

Bringing over 25 years of experience in the technology industry, Murphy joins from Apple in France

Predictive data analytics

What are the benefits of predictive analytics for businesses?

Predictive data analytics is a vital component for businesses looking to stay ahead of their competition and scale efficiently whilst minimising risk

AI Talent

The AI talent factory – what it is and how to build it

The UAE has long been a proponent of leveraging AI to do just about anything that will upgrade society and governance

Bitcoin

Bitcoin drops to one-month low as US CPI report hurts sentiment

The world’s largest digital token tumbled as much as 6.4 per cent to $25,593, its lowest level since May 12

digital cash

Fundamental question: Does your country really need digital cash?

Whether you’re Poland or Peru should make a big difference in deciding just how big a priority a central bank digital currency should be

Microsoft Xbox

Microsoft Xbox brings cloud gaming to Samsung smart TVs without console

Starting June 30, hundreds of cloud-enabled games attached to the Xbox Game Pass Ultimate subscription will be available through Samsung’s Gaming Hub

Dubai chamber

Dubai Chamber strengthens partnership with Dubai Land Department

The representatives from both teams shared their experience and best practices in digital transformation and customer service

Email protection

Why advanced email protection is more important than ever

The number of email users worldwide is set to grow from 4.26 billion in 2022 to 4.6 billion in 2025, making up more than half of the expected world population

UAE customers

Over 90% of UAE customers say experience is as important as products – survey

The Salesforce’s ‘State of the Connected Customer Report’ reveals how trust, personalisation and digital-first experiences are central to customer needs

Pickl

Dubai burger joint Pickl reveals first glimpse of metaverse restaurant

The restaurant will allow UAE-based customers to place orders in the metaverse and receive delivery in the physical world

ADQ

Abu Dhabi’s ADQ, Jordan’s Ministry of Digital Economy and Entrepreneurship launch $100m tech fund

The fund will be dedicated to tech startups and companies specialised in sectors such as telecommunications, financial services and education, among others

Saudi Wealth Fund

Saudi wealth fund makes second $1bn bet on Swedish gaming

The Public Investment Fund’s Savvy Gaming Group will become the second largest owner in Embracer Group after acquiring almost 100 million shares

HPE Alrehaili

HPE hires Mohammad Alrehaili as managing director for Saudi Arabia and the Gulf

Alrehaili brings over 15 years of experience working in the technology industry in both the public and private sectors

Roxo by FedEX debuts in Dubai

FedEx SameDay Bot, Roxo, debuts in Dubai

The bot trials are being conducted at DSO under an agreement signed previously by FedEx, DIEZ and RTA, in line with Dubai’s self-driving strategy

EU agrees on single phone charger law

The plan would force all companies to make phones, tablets, e-readers and digital cameras to use the USB-C charger

Dragos

How Dragos is protecting the industrial control systems and infrastructure

Dragos highlights how cyberattacks on critical national infrastructure are on the rise, with hacking groups targeting critical industries such as energy and power, and utilities

Bitcoin

Bitcoin tumbles as much as 7.1% to drop back below $30,000

Bitcoin has been strongly correlated with risk assets for much of the past couple years

Elon Musk Twitter

Elon Musk says Twitter’s lack of info on bots breaches merger deal

Last month, Elon Musk said he wouldn’t proceed with his $44bn takeover unless the social media giant can prove bots make up fewer than 5 per cent of users