💰 From Oil Kingdom to Digital Paradise //
UAE is set to become the next Silicon valley. But in order to do this, the tiny federation of seven emirates needs to overcome many challenges in the region.
@kod_ae
UAE is set to become the next Silicon valley. But in order to do this, the tiny federation of seven emirates needs to overcome many challenges in the region.
@kod_ae
Durov's Code
From Oil Kingdom to Digital Paradise
In 2021, the turnover of crypto exchanges amounted to more than $14 trillion. The concentration of such financial flows in one country promises to make it the future financial hub and bolster its investment potential.
👍16👎2😢2
🌊 UST Collapse Caused Tsunami in Crypto Markets //
A crash in the prices of stablecoin TerraUSD in the first half of May sent shock waves through the DeFi sector. The total value locked across all major protocols has slumped to $112 billion from $195 billion at the start of the month, data from industry tracker DeFi Llama show.
Bitcoin and Ether, the two largest tokens, slumped as well and have struggled to reach the pre-crisis level. American Bloomberg index of digital coins is down 30% in May.
@kod_ae
A crash in the prices of stablecoin TerraUSD in the first half of May sent shock waves through the DeFi sector. The total value locked across all major protocols has slumped to $112 billion from $195 billion at the start of the month, data from industry tracker DeFi Llama show.
Bitcoin and Ether, the two largest tokens, slumped as well and have struggled to reach the pre-crisis level. American Bloomberg index of digital coins is down 30% in May.
@kod_ae
🎉10👍3👎1
🥺 EU to Tighten Regulations on Crypto //
The ECB has stepped up calls for tighter regulation in recent days since the stablecoin TerraUSD collapsed earlier this month.
While recent volatility has not had much effect on the rest of the financial system, the threat is increasing with institutional investors increasingly involved, the European Central Bank says in a pre-released chapter from its financial stability review.
@kod_ae
The ECB has stepped up calls for tighter regulation in recent days since the stablecoin TerraUSD collapsed earlier this month.
While recent volatility has not had much effect on the rest of the financial system, the threat is increasing with institutional investors increasingly involved, the European Central Bank says in a pre-released chapter from its financial stability review.
@kod_ae
👍9😢4
💻 The Future of Working Models in the UAE //
The Covid-19 pandemic has affected workers' preferences. Most of them want to work in a hybrid or remote format.
@kod_ae
The Covid-19 pandemic has affected workers' preferences. Most of them want to work in a hybrid or remote format.
@kod_ae
Durov's Code
Almost 90% of UAE Employees Want to Work in Either a Hybrid or Fully Remote Model in the Future.
61% of UAE-based professionals said they were less likely to look for a new job if they were given the opportunity to work remotely or in the office only one or two days a week.
👍10👎2🎉2😢1
💸 Google Invests in Saudi Arabia //
Google drove SR12.2 billion ($3.5 billion) in economic activity in Saudi Arabia in 2021.
The company's report states that Kingdom residents use Google to acquire new skills (75%), research COVID-19 (72%) and entertain their children with YouTube Kids (64%). The report also highlights that 61% use Google to find a new job, including 5 million Saudi women every month.
@kod_ae
Google drove SR12.2 billion ($3.5 billion) in economic activity in Saudi Arabia in 2021.
The company's report states that Kingdom residents use Google to acquire new skills (75%), research COVID-19 (72%) and entertain their children with YouTube Kids (64%). The report also highlights that 61% use Google to find a new job, including 5 million Saudi women every month.
@kod_ae
🎉9👍3😢3
This media is not supported in your browser
VIEW IN TELEGRAM
🌇 First Telco NFT in the Middle East //
UAE-based e& has launched its first collection of non-playable tokens (NFTs).
e& has become the first technology and investment conglomerate in the Middle East to launch NFTs. The first batch of NFTs will be released on a limited basis and the group will provide further updates as it moves forward with its plans for NFTs.
@kod_ae
UAE-based e& has launched its first collection of non-playable tokens (NFTs).
e& has become the first technology and investment conglomerate in the Middle East to launch NFTs. The first batch of NFTs will be released on a limited basis and the group will provide further updates as it moves forward with its plans for NFTs.
@kod_ae
🎉6😢3👍2
🕸 Sheikh Optical Fibre //
The UAE remains world leader in fibre-optic network access to homes. It has retained top rank in the world for the percentage of fibre network access to homes, thus maintaining its global leadership since 2016. The UAE continues to lead with 97% of homes enjoying access to fibre-optic network, ahead of Singapore (95.8%), China (94.9%), South Korea (91.1%) and Hong Kong (86.2%).
@kod_ae
The UAE remains world leader in fibre-optic network access to homes. It has retained top rank in the world for the percentage of fibre network access to homes, thus maintaining its global leadership since 2016. The UAE continues to lead with 97% of homes enjoying access to fibre-optic network, ahead of Singapore (95.8%), China (94.9%), South Korea (91.1%) and Hong Kong (86.2%).
@kod_ae
👍12🎉3😢2
🎇 Mars Metaverse Land //
UAE-based Everdome is offering the opportunity to purchase metaverse land on Mars.
@kod_ae
UAE-based Everdome is offering the opportunity to purchase metaverse land on Mars.
@kod_ae
Durov's Code
Everdome Offers to Buy Mars Metaverse Land
By purchasing a piece of land in Everdome, owners get to develop it as they see fit, with the option to earn income or even resell it in the future.
👍13😢2🎉1
💰 Fully Determined //
Elon Musk said that he will secure an additional $6.25 billion in equity financing to fund the $44 billion acquisition of Twitter, thereby reducing the billionaire's margin loan to zero. This may indicate that he wants to close the deal.
Musk originally took out a $12.5 billion margin loan secured against Tesla shares to buy Twitter. But earlier this month, he reduced the amount to $6.25 billion after raising co-investors.
@kod_ae
Elon Musk said that he will secure an additional $6.25 billion in equity financing to fund the $44 billion acquisition of Twitter, thereby reducing the billionaire's margin loan to zero. This may indicate that he wants to close the deal.
Musk originally took out a $12.5 billion margin loan secured against Tesla shares to buy Twitter. But earlier this month, he reduced the amount to $6.25 billion after raising co-investors.
@kod_ae
👍11😢3👎1🎉1
🗃 Deceptive Use of Private Data for Targeted Advertising //
Twitter will pay a fine of $150 million for disclosing users' personal data. According to the Department of Justice (DOJ) and Federal Trade Commission (FTC) lawsuit, Twitter's administration misled users about their utilisation of sensitive data from May 2013 to September 2019. The social network applied users' phone numbers and email addresses for targeting purposes. In total, more than 140 million users were affected, according to the FTC.
Twitter agreed to pay the fine and promised to take data protection measures. In particular, the administration of the social network is required to develop a comprehensive data privacy and information security programme and conduct regular data security audits in the future. In addition, the company will have to report on the introduction of any new product or service that collects users' personal information.
@kod_ae
Twitter will pay a fine of $150 million for disclosing users' personal data. According to the Department of Justice (DOJ) and Federal Trade Commission (FTC) lawsuit, Twitter's administration misled users about their utilisation of sensitive data from May 2013 to September 2019. The social network applied users' phone numbers and email addresses for targeting purposes. In total, more than 140 million users were affected, according to the FTC.
Twitter agreed to pay the fine and promised to take data protection measures. In particular, the administration of the social network is required to develop a comprehensive data privacy and information security programme and conduct regular data security audits in the future. In addition, the company will have to report on the introduction of any new product or service that collects users' personal information.
@kod_ae
👍11🎉3😢2
📩 Lieberman Urges Government to Help Yandex Move to Tel Aviv //
Israeli Finance Minister Avigdor Lieberman urges the government to help Russian tech giant Yandex transfer hundreds of its employees to Israel.
@kod_ae
Israeli Finance Minister Avigdor Lieberman urges the government to help Russian tech giant Yandex transfer hundreds of its employees to Israel.
@kod_ae
Durov's Code
Israeli Politician Urges Government to Help Yandex Move to Tel Aviv
In a letter sent to the prime minister, Israeli Finance Minister Avigdor Lieberman urges the government to help Russian tech giant Yandex transfer hundreds of its employees to Israel.
👍13👎8😢3
🪙 Cryptocurrencies Become More Accessible in Bahrain //
Binance Bahrain has become the first exchange to receive a Category 4 licence as a сrypto asset service provider (CASP) from the Central Bank of Bahrain (CBB). Binance Bahrain can now provide a full range of crypto-asset exchange services under the supervision of Bahrain's regulatory authorities.
Binance has intensified its operations in the Middle East. In March, it obtained a limited operating licence in Dubai, and in April, it received preliminary approval to operate as a broker-dealer in Abu Dhabi.
@kod_ae
Binance Bahrain has become the first exchange to receive a Category 4 licence as a сrypto asset service provider (CASP) from the Central Bank of Bahrain (CBB). Binance Bahrain can now provide a full range of crypto-asset exchange services under the supervision of Bahrain's regulatory authorities.
Binance has intensified its operations in the Middle East. In March, it obtained a limited operating licence in Dubai, and in April, it received preliminary approval to operate as a broker-dealer in Abu Dhabi.
@kod_ae
👍11😢2🎉2
Media is too big
VIEW IN TELEGRAM
🌚 Flight to the Moon //
NASA is preparing to send the tiny satellite Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment (CAPSTONE) on an unexplored trajectory around the Moon that could one day become the orbiting home for astronauts on a planned lunar space station called Gateway.
CAPSTONE will test a zone known as the near rectilinear halo orbit (NRHO) - a path around the Moon created by the gravitational pull of the Earth, the Moon, the Sun and Jupiter. It is a perfect fit for Artemis, NASA's ambitious programme to send humans to the Moon this decade.
@kod_ae
NASA is preparing to send the tiny satellite Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment (CAPSTONE) on an unexplored trajectory around the Moon that could one day become the orbiting home for astronauts on a planned lunar space station called Gateway.
CAPSTONE will test a zone known as the near rectilinear halo orbit (NRHO) - a path around the Moon created by the gravitational pull of the Earth, the Moon, the Sun and Jupiter. It is a perfect fit for Artemis, NASA's ambitious programme to send humans to the Moon this decade.
@kod_ae
👍16😢2🎉1
🏡 Omani Green Energy //
Riyadh-based utility developer Acwa Power is teaming up with Omani energy company OQ and New York-based industrial gas supplier Air Products to build a multi-billion-dollar green hydrogen ammonia plant in the Salalah Free Zone in Oman. It will include the integration of renewable energy from solar, wind and storage, hydrogen production by electrolysis, nitrogen production by air separation and the production of environmentally friendly ammonia.
Oman aims to use clean fuels for energy, intending to expand its renewable energy sector with a target of generating 11% of its electricity from clean sources by 2023. It aims to add 30% clean energy to its power mix by 2030.
@kod_ae
Riyadh-based utility developer Acwa Power is teaming up with Omani energy company OQ and New York-based industrial gas supplier Air Products to build a multi-billion-dollar green hydrogen ammonia plant in the Salalah Free Zone in Oman. It will include the integration of renewable energy from solar, wind and storage, hydrogen production by electrolysis, nitrogen production by air separation and the production of environmentally friendly ammonia.
Oman aims to use clean fuels for energy, intending to expand its renewable energy sector with a target of generating 11% of its electricity from clean sources by 2023. It aims to add 30% clean energy to its power mix by 2030.
@kod_ae
👍16😢2🎉1
📑 A Controversial Deal //
Thomas Kurian, head of Google's cloud division, said the company's work with oil giant Saudi Aramco was unrelated to oil production, giving the first public comments in an interview with Bloomberg TV.
In 2020, Google, owned by Alphabet Inc, announced plans to expand its cloud business in Saudi Arabia, agreeing with Saudi Aramco to resell Google's cloud services to customers in the country.
Critics of Google believe that the partnership with the oil and gas company runs counter to the company's ambitious goals of reducing carbon dioxide emissions. In addition, Saudi Arabia is often criticised for failing to respect human rights. In this regard, the activist group SumOfUs will make a proposal to publish a human rights assessment of the data centre in Saudi Arabia at Alphabet's shareholder meeting on 1 June.
Earlier this month, Saudi Aramco overtook Apple Inc. to become the world's most valuable company.
@kod_ae
Thomas Kurian, head of Google's cloud division, said the company's work with oil giant Saudi Aramco was unrelated to oil production, giving the first public comments in an interview with Bloomberg TV.
In 2020, Google, owned by Alphabet Inc, announced plans to expand its cloud business in Saudi Arabia, agreeing with Saudi Aramco to resell Google's cloud services to customers in the country.
Critics of Google believe that the partnership with the oil and gas company runs counter to the company's ambitious goals of reducing carbon dioxide emissions. In addition, Saudi Arabia is often criticised for failing to respect human rights. In this regard, the activist group SumOfUs will make a proposal to publish a human rights assessment of the data centre in Saudi Arabia at Alphabet's shareholder meeting on 1 June.
Earlier this month, Saudi Aramco overtook Apple Inc. to become the world's most valuable company.
@kod_ae
👍16😢2🎉1
⛴ Metaverse Technology Where It Was Not Expected //
UAE-based DP World, one of the world's largest port operators, has announced an initiative to explore metaverse technology. It plans to explore metaverse applications for container and vessel inspection, modelling of warehouse and terminal operations, and digital twins - three-dimensional virtual representations of physical objects or processes.
The company will be able to take advantage of immersive online training for its employees. Replacing physical training in the metaverse will reduce the time it takes to train operational teams by 50%.
The new platform, called DPMETAWORLD, will be launched by the end of this year.
@kod_ae
UAE-based DP World, one of the world's largest port operators, has announced an initiative to explore metaverse technology. It plans to explore metaverse applications for container and vessel inspection, modelling of warehouse and terminal operations, and digital twins - three-dimensional virtual representations of physical objects or processes.
The company will be able to take advantage of immersive online training for its employees. Replacing physical training in the metaverse will reduce the time it takes to train operational teams by 50%.
The new platform, called DPMETAWORLD, will be launched by the end of this year.
@kod_ae
😢8👍5🎉2
🧠 The Modern Life of a Startupper//
Anna Yakusevich, 23, lives in Cyprus, works at Prisma and runs the startup SMUZI. Durov's Code talked to her to find the answer to the question - can anyone really master one of the popular programming languages today and open doors to any company?
@kod_ae
Anna Yakusevich, 23, lives in Cyprus, works at Prisma and runs the startup SMUZI. Durov's Code talked to her to find the answer to the question - can anyone really master one of the popular programming languages today and open doors to any company?
@kod_ae
Durov's Code
Anna Yakusevich's Story: from SMUZI to Prisma or the Life of a Startupper
We often hear that opportunities are open to everyone these days. But do things actually work this way?
👍11🎉4😢3
🚙 UAE Residents Opt for EVs //
About 52 per cent of UAE residents are considering switching to hybrid or electric vehicles as the increase in fuel prices influences their spending habits.
@kod_ae
About 52 per cent of UAE residents are considering switching to hybrid or electric vehicles as the increase in fuel prices influences their spending habits.
@kod_ae
Durov's Code
UAE Residents Consider Buying EVs
According to Audi Abi Dhabi report, rising fuel prices have led to a significant shift (52%) in UAE residents’ attitudes towards hybrid and electric vehicles (EVs).
🎉8👍4😢3
🔐 Meta Changes Privacy Policy //
Recently the company has produced a new revision of its Terms of Service and updated its privacy policy.
The revision does not bring much change, but rather modifies the language and adds examples to help people understand what each segment is about.
Publishing this revision, Meta said that it “is not collecting, using or sharing your data in new ways based on this policy update and we still do not sell your information.”
The new policy applies to Facebook, Instagram, Messenger, and other Meta products, but not WhatsApp, Workplace, Messenger Kids, or Quest devices used without a Facebook account (those have their own privacy policies).
@kod_ae
Recently the company has produced a new revision of its Terms of Service and updated its privacy policy.
The revision does not bring much change, but rather modifies the language and adds examples to help people understand what each segment is about.
Publishing this revision, Meta said that it “is not collecting, using or sharing your data in new ways based on this policy update and we still do not sell your information.”
The new policy applies to Facebook, Instagram, Messenger, and other Meta products, but not WhatsApp, Workplace, Messenger Kids, or Quest devices used without a Facebook account (those have their own privacy policies).
@kod_ae
👍9😢3🎉2
🔫 The Dangerous Job of Investment Advisor //
Six persons were given six-month jail terms in the UAE for stealing $200,000, two phones, three watches and a diamond ring from a European investment advisor who told them how to invest in cryptocurrencies.
@kod_ae
Six persons were given six-month jail terms in the UAE for stealing $200,000, two phones, three watches and a diamond ring from a European investment advisor who told them how to invest in cryptocurrencies.
@kod_ae
Durov's Code
The Dangerous Job of Investment Advisor
Even though, the gang clearly committed a crime, the issue raises the question of the need for tighter regulation on cryptocurrencies after many investors lost their money in the recent cryptomarket crash.
🎉6👍3😢3
🖥 UAE Government Urges to Update Zoom //
In a statement posted on social media the Emirati Telecommunications and Digital Government Regulatory Authority said vulnerabilities have been detected in the platform, due to which users' devices may be compromised.
The authority urged residents to update the program and ensure they have installed the latest version.
@kod_ae
In a statement posted on social media the Emirati Telecommunications and Digital Government Regulatory Authority said vulnerabilities have been detected in the platform, due to which users' devices may be compromised.
The authority urged residents to update the program and ensure they have installed the latest version.
@kod_ae
👍9😢3🎉1