🚙 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).
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🔐 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
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🔫 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.
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🖥 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
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🚙 'Made in UAE’ Electric Car //
The first batch of cars, dubbed Al Damani DMV300, is expected to roll out by the end of June. The EV is said to be able to reach at top speed of 160km/h and cover more than 405km on a single charge.
@kod_ae
The first batch of cars, dubbed Al Damani DMV300, is expected to roll out by the end of June. The EV is said to be able to reach at top speed of 160km/h and cover more than 405km on a single charge.
@kod_ae
Durov's Code
First 'Made in UAE’ Electric Car
Currently cars are being made at a temporary factory at Dubai Industrial City, a full-fledged facility will be inaugurated in 2024.
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🏙 First Incubator for Sustainable Cities //
Dubai now hosts the world’s first incubator for sustainable cities. The concept was devised by Dubai-based urban planning consultants URB who focus on designing Net Zero Sustainable Cities
The accelerator's R&D programme will focus entirely on developing new solutions for the next generation of sustainable cities across the world. Its second aim is to discover, support and mentor the next generation of designers in the area of urban design.
A sustainable city is designed to address social, environmental and economic impact through urban planning and city management. Many sustainable cities adopt eco-friendly alternatives into city infrastructure such as electric vehicles, bike lanes and smart waste management that reduces landfill.
@kod_ae
Dubai now hosts the world’s first incubator for sustainable cities. The concept was devised by Dubai-based urban planning consultants URB who focus on designing Net Zero Sustainable Cities
The accelerator's R&D programme will focus entirely on developing new solutions for the next generation of sustainable cities across the world. Its second aim is to discover, support and mentor the next generation of designers in the area of urban design.
A sustainable city is designed to address social, environmental and economic impact through urban planning and city management. Many sustainable cities adopt eco-friendly alternatives into city infrastructure such as electric vehicles, bike lanes and smart waste management that reduces landfill.
@kod_ae
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🚀 A 3D Printed Rocket //
The first ever 3D printed Rocket can make it into space this summer. Last week Relativity Space Inc., a Los Angeles-area startup that makes rockets using advanced 3D printing technology, concluded pre-launch testing of its Terran 1 craft.
Terran 1 is built to carry payloads of up to 1,000 kilograms into orbit. The next generation of this model, Terran R, which is currently under development, will be able to lift 20 times morte payload.
The company says its key advantage is the ability to build rockets far more rapidly that its rivals given its 3D-additive production technologies, with more than 90 per cent of the rocket being printed by robots.
@kod_ae
The first ever 3D printed Rocket can make it into space this summer. Last week Relativity Space Inc., a Los Angeles-area startup that makes rockets using advanced 3D printing technology, concluded pre-launch testing of its Terran 1 craft.
Terran 1 is built to carry payloads of up to 1,000 kilograms into orbit. The next generation of this model, Terran R, which is currently under development, will be able to lift 20 times morte payload.
The company says its key advantage is the ability to build rockets far more rapidly that its rivals given its 3D-additive production technologies, with more than 90 per cent of the rocket being printed by robots.
@kod_ae
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🥺 Y Combinator Urges its Companies to Stay Alive //
Y Combinator, a start-up accelerator, has sent out a letter of warning to its start-ups.
@kod_ae
Y Combinator, a start-up accelerator, has sent out a letter of warning to its start-ups.
@kod_ae
Durov's Code
Y Combinator Urges its Companies to 'Stay Alive'
Often, during an economic downturn, companies can gain significant market share simply by staying alive
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📡 What is the Situation with Telecommunications and IT in Oman? //
Oman's Ministry of Transport, Communications and Information Technology has published the Telecommunications and IT Sector Indicators report. According to the data, 94% of households in Oman have access to the Internet, 95% have access to smartphones, while only 66% own a computer (desktop, laptop or tablet). 27% use a smart watch.
The main purpose of using the internet is to access social media - 77% of respondents. Meanwhile, 38% use it for online shopping and 42% use it for work and study 12% of respondents use the devices to write software in various programming languages.
In terms of mobile network coverage, 99.4% of users can use 3G networks, 97.8% can use 4G and 44.9% can use 5G.
@kod_ae
Oman's Ministry of Transport, Communications and Information Technology has published the Telecommunications and IT Sector Indicators report. According to the data, 94% of households in Oman have access to the Internet, 95% have access to smartphones, while only 66% own a computer (desktop, laptop or tablet). 27% use a smart watch.
The main purpose of using the internet is to access social media - 77% of respondents. Meanwhile, 38% use it for online shopping and 42% use it for work and study 12% of respondents use the devices to write software in various programming languages.
In terms of mobile network coverage, 99.4% of users can use 3G networks, 97.8% can use 4G and 44.9% can use 5G.
@kod_ae
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😮 Saudi Arabia and Israel Sign Investment Agreements //
Israeli businessmen have, for months, been travelling to Saudi Arabia to hold advanced talks on Saudi investments in Israeli tech companies and Israeli investment funds.
@kod_ae
Israeli businessmen have, for months, been travelling to Saudi Arabia to hold advanced talks on Saudi investments in Israeli tech companies and Israeli investment funds.
@kod_ae
Durov's Code
Saudi Arabia and Israel Sign Investment Agreements
The countries will sign a multi-million dollar deal in the agriculture tech sector and a second deal for an Israeli water tech solution - a high potential area of cooperation between the water scarce countries.
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🏃♂️ Indian Startup Founders Flock to Dubai //
Recently many Indian entrepreneurs have emigrated to the UAE using its golden visa program, which offers five- and 10-years residency to investors, entrepreneurs, researchers, medical professionals, and outstanding students.
Indian consultants say this is due to heavy regulations on new technologies in the country. India currently charges a 30% tax on any income generated from cryptocurrencies and starting July it will also levy a 1% charge on transfer of digital assets — the first of its kind in the world. Indian entrepreneurs have also been dealing with the issues of double taxation on employee stock ownership plan
This trend could have a long-term impact on India, especially the country’s startup ecosystem that was slowly built over the last decade and became one of the top 20 global startup hubs in the world.
@kod_ae
Recently many Indian entrepreneurs have emigrated to the UAE using its golden visa program, which offers five- and 10-years residency to investors, entrepreneurs, researchers, medical professionals, and outstanding students.
Indian consultants say this is due to heavy regulations on new technologies in the country. India currently charges a 30% tax on any income generated from cryptocurrencies and starting July it will also levy a 1% charge on transfer of digital assets — the first of its kind in the world. Indian entrepreneurs have also been dealing with the issues of double taxation on employee stock ownership plan
This trend could have a long-term impact on India, especially the country’s startup ecosystem that was slowly built over the last decade and became one of the top 20 global startup hubs in the world.
@kod_ae
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💎 First Saudi Start-Up Joins Y Combinator //
Riyadh-based Drahim Financial Technology said it was the first Saudi company to join the accelerator Y Combinator and receive investment from it.
Driham app was created in August 2021 by Sultan Alkhayal and Yasser Alshurihi. It interacts with users' bank accounts, analyses all financial expenses and creates an automatic investment plan based on a reasonably defined level of risk through a mechanism using artificial intelligence. The app aims to be a digital financial assistant for individuals using open banking systems.
@kod_ae
Riyadh-based Drahim Financial Technology said it was the first Saudi company to join the accelerator Y Combinator and receive investment from it.
Driham app was created in August 2021 by Sultan Alkhayal and Yasser Alshurihi. It interacts with users' bank accounts, analyses all financial expenses and creates an automatic investment plan based on a reasonably defined level of risk through a mechanism using artificial intelligence. The app aims to be a digital financial assistant for individuals using open banking systems.
@kod_ae
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🏮 Night, street, street-light… //
Zain Bahrain and LSS Technologies have turned streetlights into 5G nodes. The new solution aims to extend 4G and 5G coverage and provide a reliable connection for users.
Zain has developed a solution that will enhance network coverage while blending seamlessly into the existing streetscape.
@kod_ae
Zain Bahrain and LSS Technologies have turned streetlights into 5G nodes. The new solution aims to extend 4G and 5G coverage and provide a reliable connection for users.
Zain has developed a solution that will enhance network coverage while blending seamlessly into the existing streetscape.
@kod_ae
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🤨 CEOs Don't Trust Metaverse //
A survey of 400 senior executives conducted by consulting firm Gartner revealed that business executives are quiet ambivalent towards embracing the metaverse. They do not think it will help their companies and rather see AI and environmental sustainability as ways to improve their performance.
“In the past, some CEOs have embraced new technology ideas perhaps a little too enthusiastically. In the case of the metaverse, however, it’s doubtful the respondents who think it very likely to be a key technology for their business are as confident as they appear to be," says Mark Raskino, research vice president at Gartner.
@kod_ae
A survey of 400 senior executives conducted by consulting firm Gartner revealed that business executives are quiet ambivalent towards embracing the metaverse. They do not think it will help their companies and rather see AI and environmental sustainability as ways to improve their performance.
“In the past, some CEOs have embraced new technology ideas perhaps a little too enthusiastically. In the case of the metaverse, however, it’s doubtful the respondents who think it very likely to be a key technology for their business are as confident as they appear to be," says Mark Raskino, research vice president at Gartner.
@kod_ae
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🛰 Utilities Through Space //
The Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding with French global satellite operator Eutelsat to provide technical support for the DEWA Space-D programme and the DEWA 3U DEWA-SAT1 nanosatellite. This will help develop Internet of Things (IoT) nano-satellite terminals and improve communication between DEWA's assets and its nano-satellite.
The two organisations will design, develop and implement the first use case at DEWA's Research and Development (R&D) Centre, combining the use of IoT sensors and Eutelsat ELO satellites, and will develop use cases for utility sector development around the world.
DEWA was the first utility in the world to use nanosatellites to improve the maintenance and planning of electricity and water networks.
Previously, the company was able to save 2.2 terawatt hours of electricity and 5.6 million imperial gallons (25,4 million litres) of water.
@kod_ae
The Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding with French global satellite operator Eutelsat to provide technical support for the DEWA Space-D programme and the DEWA 3U DEWA-SAT1 nanosatellite. This will help develop Internet of Things (IoT) nano-satellite terminals and improve communication between DEWA's assets and its nano-satellite.
The two organisations will design, develop and implement the first use case at DEWA's Research and Development (R&D) Centre, combining the use of IoT sensors and Eutelsat ELO satellites, and will develop use cases for utility sector development around the world.
DEWA was the first utility in the world to use nanosatellites to improve the maintenance and planning of electricity and water networks.
Previously, the company was able to save 2.2 terawatt hours of electricity and 5.6 million imperial gallons (25,4 million litres) of water.
@kod_ae
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🚍 A Hard Year //
Dubai-based ride sharing company Swvl Holdings Corp. plans to cut headcount by 32% to achieve positive cash flow by next year.
The cuts will affect 400 people who have been automated. According to the company, it will help some employees transition to new roles. Meanwhile, the company said its so-called transport-as-a-service and software-as-a-service businesses are "growing rapidly", aided by recent acquisitions and deals with other companies.
Over the past year, the company has acquired Volt Lines, Berlin-based start-up Door2door, mass transit company ViaPool and Shotl, an on-demand ride-hailing service using shuttle buses.
@kod_ae
Dubai-based ride sharing company Swvl Holdings Corp. plans to cut headcount by 32% to achieve positive cash flow by next year.
The cuts will affect 400 people who have been automated. According to the company, it will help some employees transition to new roles. Meanwhile, the company said its so-called transport-as-a-service and software-as-a-service businesses are "growing rapidly", aided by recent acquisitions and deals with other companies.
Over the past year, the company has acquired Volt Lines, Berlin-based start-up Door2door, mass transit company ViaPool and Shotl, an on-demand ride-hailing service using shuttle buses.
@kod_ae
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💵 Top Hiring Industries //
This year, Advertising, Finance and Healthcare emerged as the top hiring sectors in the UAE for fresh graduates.
@kod_ae
This year, Advertising, Finance and Healthcare emerged as the top hiring sectors in the UAE for fresh graduates.
@kod_ae
Durov's Code
Top Hiring Industries in the UAE
A fresh survey by jobs portal Bayt.com and market research agency YouGov reveals the top hiring industries in the UAE that prefer fresh graduates.
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🚗 EV Sales Set to Triple by 2025 //
According to BloombergNEF, electric vehicle sales are poised to more than triple by 2025. This forecast differs from the one the research firm made a year ago due to the massive EV sales in China. Passenger vehicle sales will soar to 20.6 million in 2025, much higher than the 14 million forecast a year ago.
However this number pales in comparison to 1,2 billion internal combustion passenger vehicles currently being used all over the world. The firm predicts that by 2050 two thirds of them will be replaced by zero-emission cars.
@kod_ae
According to BloombergNEF, electric vehicle sales are poised to more than triple by 2025. This forecast differs from the one the research firm made a year ago due to the massive EV sales in China. Passenger vehicle sales will soar to 20.6 million in 2025, much higher than the 14 million forecast a year ago.
However this number pales in comparison to 1,2 billion internal combustion passenger vehicles currently being used all over the world. The firm predicts that by 2050 two thirds of them will be replaced by zero-emission cars.
@kod_ae
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📱 Saudis Prefer Snapchat and Instagram, TikTok & Facebook Lag Behind //
According to a new study, exploring social media penetration in Saudi Arabia, Instagram is the highest usage platform among consumers at 76%, followed by Snapchat at 73% and Twitter at 71%.
As for videoplatforms, 15% of consumers say they spend more than 5 hours a day watching video content online, with Youtube being the most popular platform. 43% of respondents say they spend time on Netflix, followed by 33% on Dubai-based Shahid. At the same time, 59% of respondents typically spend more than 2 hours watching TV.
14% of respondents say they listen to music services, like Spotify and Anghami, every day.
@kod_ae
According to a new study, exploring social media penetration in Saudi Arabia, Instagram is the highest usage platform among consumers at 76%, followed by Snapchat at 73% and Twitter at 71%.
As for videoplatforms, 15% of consumers say they spend more than 5 hours a day watching video content online, with Youtube being the most popular platform. 43% of respondents say they spend time on Netflix, followed by 33% on Dubai-based Shahid. At the same time, 59% of respondents typically spend more than 2 hours watching TV.
14% of respondents say they listen to music services, like Spotify and Anghami, every day.
@kod_ae
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📩 Musk’s Ultimatum //
Elon Musk sent an email to Tesla employees stating that anyone who wants to work from home can do so, but as long as they are in the office 40 hours a week. Otherwise, they will be fired.
The businessman announced that the Tesla office should be the main place to work and not a remote branch for those whose duties are not related to it. For example, if an employee is responsible for HR at a factory, they should be working there, not doing business while in another state.
@kod_ae
Elon Musk sent an email to Tesla employees stating that anyone who wants to work from home can do so, but as long as they are in the office 40 hours a week. Otherwise, they will be fired.
The businessman announced that the Tesla office should be the main place to work and not a remote branch for those whose duties are not related to it. For example, if an employee is responsible for HR at a factory, they should be working there, not doing business while in another state.
@kod_ae
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