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Rakbank will be the first UAE bank to enable Kraken to provide its clients with transparent, efficient, dirham-based digital asset trading, as the UAE works to accomplish its aim of becoming a worldwide virtual asset centre. Residents will be able to fund their crypto accounts using local transfers from any bank in the nation. Currently, […]
Twitter has filed a lawsuit against billionaire Elon Musk in an attempt to force him to acquire the social media company, launching a legal war with the world’s richest man. It comes after Musk stated on Friday that he was withdrawing his proposed $44 billion (£37 billion) buyout of Twitter. The Twitter takeover agreement stipulates […]
Cybersecurity attacks are a persistent issue, particularly for Middle Eastern businesses and organizations. These threats can halt operations, damage a company’s reputation, and result in costly legal action. The more technology a company relies upon, the more vulnerable it is to cyberattacks and challenges. Hackers are increasingly focusing on Middle Eastern firms that are converting […]
On Thursday, Australia’s competition authority said that a court-ordered Samsung Electronics’ local business to pay a A$14 million ($9.65 million) penalty. The company made false claims that seven of its Galaxy phones were water-resistant, despite the fact that the handsets might cease operating after being submerged in swimming pools or ocean water. In the long-running […]
Meta, previously Facebook, promises to spend at least $10 billion this year on virtual reality and augmented reality research and development. On Monday, CEO Mark Zuckerberg demonstrated the company’s development by unveiling many of the incomplete headgear prototypes it has produced in its laboratories. Zuckerberg has staked his company’s future on virtual reality, which immerses […]
The European Commission is set to target Facebook parent Meta, Google, Twitter, Microsoft, and TikTok with new anti-disinformation measures, including deepfakes and fake accounts. Companies that fail to comply with the amended legislation may face substantial fines, according to reports. Deepfakes are highly detailed forgeries made by computer processes that have sparked widespread concern, particularly […]
The socioeconomic benefits of completely digitizing economies in the Middle East and North Africa would be enormous. GDP per capita may increase by more than 40%; manufacturing employment might increase by 7%; and tourist arrivals could increase by 70%, creating jobs in the hospitality industry. Furthermore, long-term unemployment rates might be reduced to insignificant levels, […]
TotalEnergies of France has been given a 25% share in the world’s biggest natural gas field in Qatar. QatarEnergy, a state-owned company, will hold the remaining 75% of the company. The new joint venture will own a quarter of the 32 million tons per annum (Mtpa) North Field East (NFE) project, which is comparable to […]
Twitter Inc. agreed to reasonable adjustments, new standards, and a $150 million penalty to resolve a federal privacy lawsuit on Wednesday. The settlement was authorized by the FTC with a unanimous 4-0 voting. It marks the first big agreement between a huge internet giant and the Biden administration’s Federal Trade Commission (FTC), which has committed […]
Google’s participation in the ad tech business is being investigated again by the Competition and Markets Authority (CMA), the UK’s competition watchdog, to see if it is distorting competition. It’s the UK’s second major antitrust investigation into Google’s ad tactics. Under a new regulatory agency, the CMA seeks expanded ability to probe anti-competitive activity by […]
Many Middle Eastern economies rely on fossil fuels to finance their budgets and sustain economic activity. The Middle East produces a third of the world’s oil. Saudi Arabia, Iran, Iraq, the United Arab Emirates, Kuwait, and Qatar are among the leading fossil fuel producers in the world. The Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, […]
Sundar Pichai, the CEO of Google, teased a smart eyewear prototype that can translate languages in real-time at the company’s I/O conference. Pichai demonstrated augmented reality glasses that “take its advances and transcriptions” and present them right in front of the user’s eyes in a video. While the glasses are only a prototype, Google claims […]
