📡 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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📍 Zuckerberg's Right-Hand Woman Resigns //
Sheryl Sandberg of Meta Platforms Inc, the chief operating officer who helped Facebook transform from a start-up into a social media giant, is leaving her post this autumn.
Sandberg will remain on the board of Meta. Her place will be taken by Javier Olivan, who has led the company's growth efforts for many years.
She has become the company's most prominent face, next to CEO Mark Zuckerberg. She has also been responsible for Facebook's privacy and policy missteps, trying to improve the company's relationship with the public and regulators.
@kod_ae
Sheryl Sandberg of Meta Platforms Inc, the chief operating officer who helped Facebook transform from a start-up into a social media giant, is leaving her post this autumn.
Sandberg will remain on the board of Meta. Her place will be taken by Javier Olivan, who has led the company's growth efforts for many years.
She has become the company's most prominent face, next to CEO Mark Zuckerberg. She has also been responsible for Facebook's privacy and policy missteps, trying to improve the company's relationship with the public and regulators.
@kod_ae
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📃 Grey Zone //
NFTs are not officially considered securities, and there is little legal precedent for digital assets in general. This case exposes the regulatory gap that exists in the crypto industry.
@kod_ae
NFTs are not officially considered securities, and there is little legal precedent for digital assets in general. This case exposes the regulatory gap that exists in the crypto industry.
@kod_ae
Durov's Code
Former OpenSea Employee Charged in First-Ever NFT Insider Trading Case
The Department of Justice says this is the first time it has brought a charge of digital assets insider trading.
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🌅 NFTs Help Get Out of Prison //
The Children of Women Prisoners Association (CFPA), an Egyptian organisation that helps women and promotes legal reform, has agreed to partner with creative collective Horizon FCB Dubai to raise funding as well as awareness outside the country about the plight of women through NFT.
There are thousands of cases in Egypt where poor debtors, called gharemat, are unable to meet their obligations for whatever reason. And as a result, they end up behind bars. The amounts can usually be small, but the law provides for a prison sentence of up to three years.
The Emirati collective is asking international artists to create NFTs to sell them for the amount it will cost to pay off the women's debts and release them from prison. However, the main aim of this project is to raise awareness outside Egypt.
@kod_ae
The Children of Women Prisoners Association (CFPA), an Egyptian organisation that helps women and promotes legal reform, has agreed to partner with creative collective Horizon FCB Dubai to raise funding as well as awareness outside the country about the plight of women through NFT.
There are thousands of cases in Egypt where poor debtors, called gharemat, are unable to meet their obligations for whatever reason. And as a result, they end up behind bars. The amounts can usually be small, but the law provides for a prison sentence of up to three years.
The Emirati collective is asking international artists to create NFTs to sell them for the amount it will cost to pay off the women's debts and release them from prison. However, the main aim of this project is to raise awareness outside Egypt.
@kod_ae
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🧠 Enterprise AI as a Service //
UAE-based e& has entered into a three-year alliance with DataRobot, a leading US-based artificial intelligence (AI) platform provider, to launch enterprise AI as a Service (AlaaS) to support public and private companies on their digital transformation.
AIaaS enables governments and private enterprises to deploy use-case-specific AI and create business value with minimal investment in AI specialists. It allows for the creation of set-up AI, as well as scaling the use of AI at a lower cost.
Besides, the companies will create a first-of-its-kind AI Centre of Excellence to help accelerate the successful implementation of AI.
@kod_ae
UAE-based e& has entered into a three-year alliance with DataRobot, a leading US-based artificial intelligence (AI) platform provider, to launch enterprise AI as a Service (AlaaS) to support public and private companies on their digital transformation.
AIaaS enables governments and private enterprises to deploy use-case-specific AI and create business value with minimal investment in AI specialists. It allows for the creation of set-up AI, as well as scaling the use of AI at a lower cost.
Besides, the companies will create a first-of-its-kind AI Centre of Excellence to help accelerate the successful implementation of AI.
@kod_ae
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🧕 Web 3.0 for Women //
All women residing in Abu Dhabi will receive free cryptocurrency, NFT and blockchain domains under a new initiative to be implemented in the UAE capital.
Access Abu Dhabi and the Abu Dhabi Investment Office (ADIO) are partnering with Web3 identity platform and domain name provider NFT Unstoppable Domains to enable women to take advantage of Web3 by providing them with a decentralised web address and digital identifier that gives them full control over their data and content in a space they fully own.
@kod_ae
All women residing in Abu Dhabi will receive free cryptocurrency, NFT and blockchain domains under a new initiative to be implemented in the UAE capital.
Access Abu Dhabi and the Abu Dhabi Investment Office (ADIO) are partnering with Web3 identity platform and domain name provider NFT Unstoppable Domains to enable women to take advantage of Web3 by providing them with a decentralised web address and digital identifier that gives them full control over their data and content in a space they fully own.
@kod_ae
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📝 Protection of Intellectual Property in the UAE //
The UAE has signed an agreement with an international federation to protect the rights of authors in the creative industries. According to the document, a joint management group consisting of representatives from the Ministry of Economy and the International Federation of Phonographic Industry (IFPI) will be established to monitor broadcast and performance rights in the country, launch awareness campaigns for music recordings and guarantee non-infringement of copyrights.
In addition, the agreement aims to encourage record companies to invest and expand their business in UAE markets by developing collective management policies for literature and intellectual works.
@kod_ae
The UAE has signed an agreement with an international federation to protect the rights of authors in the creative industries. According to the document, a joint management group consisting of representatives from the Ministry of Economy and the International Federation of Phonographic Industry (IFPI) will be established to monitor broadcast and performance rights in the country, launch awareness campaigns for music recordings and guarantee non-infringement of copyrights.
In addition, the agreement aims to encourage record companies to invest and expand their business in UAE markets by developing collective management policies for literature and intellectual works.
@kod_ae
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🤖 Tesla Bot is Coming //
Tesla Artificial Intelligence Day, which Musk had originally planned to hold on 19 August, has been postponed to 30 September to introduce a functioning humanoid robot.
@kod_ae
Tesla Artificial Intelligence Day, which Musk had originally planned to hold on 19 August, has been postponed to 30 September to introduce a functioning humanoid robot.
@kod_ae
Durov's Code
Elon Musk May Create Tesla Bot within Months
Optimus, also known as Tesla Bot, was first unveiled in August 2021 during first Tesla AI Day.
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💰 Digital Wallets in the UAE //
More than half of UAE residents use digital wallets. The rise in popularity of contactless mobile payments is linked to the Covid-19 pandemic, when people started taking health precautions.
@kod_ae
More than half of UAE residents use digital wallets. The rise in popularity of contactless mobile payments is linked to the Covid-19 pandemic, when people started taking health precautions.
@kod_ae
Durov's Code
The Number of Digital Wallet Users in the UAE Is Growing
As for the future of digital wallets, about 48% of respondents believe that digital wallets could lead to cashless payments.
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