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Can facial recognition technology detect you with a mask?

Algorithms can recognise facial features during authentication, based on their programmed understanding of how a mask fits on the face

Huspy

UAE’s proptech Huspy receives $37m in Series A funding

Funds will accelerate Huspy’s expansion across EMEA and transform the future of home buying

Tesla shares give up gains on renewed prospect of Musk buying Twitter

Musk says ‘a few unresolved matters’ on Twitter deal

Musk has said he wanted to put the takeover “on hold” while he investigated how many of Twitter’s users are real people

Oppo Find X5

OPPO expands its premium offering with upcoming Find X5 series launch

The series is set to launch in the region on June 22 and will be available in stores June 23 onwards

Saudi Aramco plans to go big carbon storage

Saudi Aramco, Cognite partner to form tech joint venture

Powered by advanced cloud solutions and industrial software, the joint venture will support industrial digitalisation on a nationwide scale and across the MENA region

Ajman finance department

Ajman’s finance department selects Oracle Cloud to bolster emirate’s economy

It will enable the department to increase productivity, reduce costs and improve controls and optimise its supply chain management

Andreas Beck

Kyndryl names Andreas Beck as managing director for Middle East and Africa

Beck was based at the Kyndryl’s New York headquarters and was in charge of strategic initiatives related to the company’s development

Bitcoin

Bitcoin hovers around the $20,000 level after a volatile weekend

Bitcoin is down about 57 per cent since the start of the year

Diversity cybersecurity

Why diversity is vital for a strong cybersecurity team

Cybersecurity is portrayed as a high-stress environment with cutthroat competition, says Deepa Kuppuswamy, information security architect at ManageEngine

science

Revealed: 91% of UAE residents trust science and technology

This was revealed in the fifth edition of 3M’s 2022 State of Science Index (SOSI)

CISOs

Attention CISOs: Getting buy-in requires a solid business case

When positioning cybersecurity in the hybrid-work era, CISOs should characterise it as an enabler, no different than cloud computing itself

Coinmena

Digital asset exchange Coinmena receives provisional licence from Dubai’s VARA

This will allow it to continue operating in Dubai while it completes the in-depth process of applying for a licence, as required by VARA

UAEREP launches new rain enhancement project

UAEREP’s rain enhancement AI-driven project kicks off

Driven by the UAE Research Program for Rain Enhancement Science, the project will assist operational rainfall enhancement programmes around the world by using AI algorithms

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