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Watch: As UAE’s e-commerce market booms, here’s how operators can remain profitable

The value of the e-commerce market in the UAE is projected to reach $8bn by 2025

Etisalat

UAE telco Etisalat announces 6G plans

According to experts, 6G will bring about much faster data speed as well as lower latency and higher reliability than 5G

ROG Flow X13_GV301_Scenario Photo_01

Asus launches updated version of ROG Flow X13 gaming laptop in the UAE

It features an all-new RTX 3050 Ti GPU and a state-of-the-art external optional XG Mobile eGPU too

Why this region must adopt energy efficient solutions to drive a sustainable future

ABB’s technologies can reduce energy use in industry, buildings and transport, reveals Ahmed Radwan, MEA business lead at ABB Motion

Emir Tumen, founder of Decosouq

The SME Story: Emir Tumen, founder of Decosouq

Decosouq is a dedicated e-commerce marketplace for pre-owned furniture that recently entered the UAE market

Panasonic sells its entire stake in Tesla to raise cash

Proceeds will be used for investing in future growth

Bitcoin leads broad crypto rally after defense of $30,000 level

The digital currency had reached a record near $65,000 in mid-April

Saudi’s Tamer Group acquires majority stake in UAE’s Mumzworld

The transaction will give Mumzworld access to a pool of capital to foster its growth

Tesla dealt big blow as almost all cars in China need safety fix

In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature

Video: Abu Dhabi approves Covid-19 scanners after trial, to roll them out at malls, residential areas

The scanners can detect a possible Covid-19 infection by measuring electromagnetic waves

eyewa

UAE startup eyewa raises $21m in Series B funding round

Eyewa aims to take its e-commerce model and expand into brick-and-mortar retail operations at key locations in the region

Almost 9 out of 10 UAE-based SMEs are optimistic about the next 12 months – study

SMEs across the country have identified easier access to funding, acceptance of digital payments and training and upskilling staff as the top three drivers for growth

Bosch picks Hartung as new CEO to tackle industry transformation

Bosch’s long-time chief financial officer Stefan Asenkerschbaumer will become supervisory board chairman

Wealth management of tomorrow: Emerging trends within the regional landscape

Global trends of investing with purpose have been reflected regionally as well

Deutsche Bank partners with Oracle to accelerate its digital transformation

The two companies have also agreed to form a joint innovation partnership

E-commerce

UAE retail e-commerce market reaches $3.9bn in 2020

In 2020, the apparel and footwear category had the highest share of 33 per cent ($1.3bn) in the UAE retail e-commerce market

Mideast joins bitcoin craze with first crypto listing in Dubai

The Bitcoin Fund invests in long-term holdings of Bitcoin as a safer alternative to direct investments in the cryptocurrency

Mubadala’s GlobalFoundries invests $4bn in Singapore chip plant

GlobalFoundries is prepping a US initial public offering that could value the chipmaker at $30bn

China crypto clampdown sends bitcoin closer to key $30,000 level

Bitcoin has roughly halved from a record of $65,000 in mid-April

Mubadala-backed Dubai fintech startup loads up on debt financing

Tabby has raised more than $30m in funding from local and global investors

Wastewater Monitoring Lab Abu Dhabi G42 Healthcare

New Abu Dhabi lab to use AI tech to analyse wastewater for infectious diseases

Construction on the Wastewater Monitoring Lab, being developed in collaboration with G42 Healthcare, will be completed in 12 months

UAE’s Emirates Development Bank allocates Dhs30m to finance SMEs through Beehive platform

The Beehive platform uses crowdfunding technology to connect SMEs seeking finance with investors who can support their finance request

UAE’s The Luxury Closet raises $14m growth capital

The Luxury Closet has teams across five countries, and serves clients worldwide representing 85 countries

Louis Vuitton owner signs deal with Google to use AI for boosting sales

The contract will run for at least five years and include training by Google Cloud to LVMH’s staff

Abu Dhabi

Abu Dhabi rolls out mass screening Covid-19 technology

The scanners will be used at entry points to the emirate and will screen for potential Covid-19 infections, providing immediate results and denying entry in case of a positive detection

Elias Aad mastercard

Why smart cities are important to the UAE

Making well-informed data-based decisions around development policy accelerates local business, drives trade, and enables job growth

The role of data analytics in industry 4.0

Efficiency and increased profits are not the only advantages of adopting an Industry 4.0 model

Bitcoin reaches highest level since May as chartists eye $50,000

Cryptocurrencies have been under pressure in recent weeks, with Bitcoin losing about 30 per cent since mid-April

Jeff Bezos plans to travel to space on Blue Origin flight

The billionaire plans to hand the reins as Amazon’s CEO to Andy Jassy on July 5

Intelak Hub

Dubai’s Intelak Hub announces 2021 programmes for aviation and tourism startups

Startups that wish to participate in the incubator and accelerator programmes can be based anywhere in the world