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Bitcoin miners

Largest Bitcoin miners lost over $1bn during crypto crash

Core Scientific, Marathon Digital Holdings and Riot Blockchain posted net losses of $862m, $192m and $366m, respectively

financial services

Banking-as-a-service is transforming the future of financial services

Banking-as-a-service is a revolution that combines the power of banks with the reach and customer loyalty of well known brands

Global cybersecurity Forum

Saudi’s NCA to host Global Cybersecurity Forum in November

Two-day forum will be held in Riyadh bringing together policymakers, governments, business, cybersecurity experts, academia and NGOs

Darktrace

Cybersecurity firm Darktrace in takeover talks with Thoma Bravo

Darktrace jumped more than 22 per cent to $6.50 in US trading on Monday

Brand impersonation

Steps to protect against online brand impersonation attacks

Werno Gevers, cybersecurity expert at Mimecast, says cybercriminals are increasingly hijacking trusted brands to launch cyberattacks from lookalike web and email domains

Dubai Metaverse Assembly: WEF, Meta, Mastercard, Emirates participate as partners

Museum of the Future, Dubai’s DEWA partner to showcase innovative tech

The agreement aims to pave the way for constructive research to help solve current ecological challenges

Dahua Technology

Dahua Technology strikes distribution partnership with Dubai-headquartered Abcom

The partnership follows Dahua Technology’s entry into the smart IoT and digital signage segment

Bitcoin June

Bitcoin tops $25,000 for first time since June amid crypto rally

The largest cryptocurrency rose as much as 2.2 per cent on Sunday to $25,031, its highest level since June 13

Everdome Gem Digital

UAE-based Everdome secures $10m investment commitment from Gem Digital

Gem’s investment will be focused on team growth and metaverse technological expansion, and will see the game’s virtual reality capabilities set on a fast-track

How to maximise lead generation using CRM tools?

Investing in a good CRM helps businesses break deliver a memorable customer experience for existing, potential and returning customers

Launching Odyssey into the MENA region

Kanousei Technology launches Odyssey in MENA region

Kanousei Technology’s goal is to get 1,000 companies into the metaverse through Odyssey

Ether leads crypto market surge after CPI report release

Ether leads crypto market surge after CPI report release

Ether’s native token, the second-largest cryptocurrency by market capitalisation, rose around 8 per cent to trade at $1,828 as of 10:17am in New York

Whatsapp new privacy features

WhatsApp’s three new privacy features and how they work

The three news features include the ability to hide your online status, exit groups silently and block screenshots for ‘view once’ images

Bassel El Koussa, Co-founder and CEO of Quiqup

Quiqup to focus exclusively on e-commerce last-mile operations

Quiqup will exit the food delivery business and focus its efforts solely on e-commerce last-mile operations.

Apple’s Chart-Topping Run Gets a Boost From Retail Investors

Apple’s chart-topping run gets a boost from retail investors

Since bottoming in mid-June, the iPhone maker’s shares have surged 27 per cent, outpacing the S&P 500 Index and the Nasdaq 100 Index

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

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

The UAE is one of the fastest growing cryptocurrency markets in the world generating transactions worth $25bn

NMDC and Oracle sign agreement

National Marine Dredging Group selects Oracle cloud applications for business efficiency

By utilising a wide range of applications for finance, supply chain, HR and customer service, NMDC will be able to simplify and integrate critical business processes

Merit Incentives launches Giftcardsby.com/ Prerna Sonawane

Merit Incentives launches Giftcardsby.com, a software as a service platform

The company has launched its latest gifting solution with talabat across the MENA region

Snap to open office in Qatar, signs MoU with Government Communications Office

This new move is part of Snap Inc’s efforts to support and create opportunities for its highly engaged creative community in Qatar

Yahsat-H1 2022 figures

Yahsat H1 2022 revenues rise by 8.1% YoY, with net income increasing by 50.7%

Yahsat reported that its revenue reached Dhs755m ($206m) and the net income reported was Dhs167m

Saudi Arabia launches program to develop cybersecurity sector

National Cybersecurity Authority launches ‘CyberIC’ in Saudi Arabia

The first phase of CyberIC aims to increase the number of cybersecurity startups in the sector by assisting more than 60 national companies

Udrive launches in KSA

Car rental platform Udrive expands to Saudi Arabia

Licensed by the Transport General Authority, Udrive also plans to roll out fleets in Jeddah and other cities in 2023, boosting its fleet to 1,500 cars in a year

SoftBank reports record $23.4bn loss as holdings tumble

SoftBank reports record $23.4bn loss as holdings tumble

The Vision Fund segment posted a loss of 2.33 trillion yen in the three months ending June 30, following a then-record 2.2 trillion yen loss in the previous quarter

D2A2 set up by Dubai Chambers

Dubai Chamber of Digital Economy to form Dubai Digital Assets Business Group

The group will provide a platform for companies operating in the digital asset sphere to unify their voices, address market challenges and align their goals

MoIAT and Edge sign MoU

MoIAT, EDGE to establish UAE’s first Industry 4.0 Enablement Centre

The centre will promote, enable, and support the digital transformation and adoption of Industry 4.0 technologies across the country’s manufacturing sector

Communications tools

The power of collaborative communication tools

Collaboration suites can help businesses drive revenue growth by enabling them to upturn sales and proliferate their customer base

sharjah traffic

Sharjah launches first smart Taxi in the Middle East

The smart taxis are equipped with sensors, cameras, a mobile data unit and other devices connected to an integrated system

DEWA Innovation Centre launches second CleanTech Youth Programme

The programme targets young leaders from various fields to develop their knowledge and expertise in the field of clean and renewable energy

SD Centre for Entrepreneurship

The Entrepreneurial Nation, Huawei partner to launch ‘ScaleUp Digitize’ to support SMEs

The programme provides participants with virtual online training sessions on cloud computing, artificial intelligence, big data and storage technologies

Crypto

Crypto Bridge Nomad drained of nearly $200m in security exploit

The software system was drained of funds over hours and in small batches by various accounts, blockchain data shows