🚗 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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👮♂️ A Pleasant Meeting in the Metaverse //
Ajman Police launched a Metaverse project as a part of its efforts to increase cooperation with its clients and involve them in the development of services.
@kod_ae
Ajman Police launched a Metaverse project as a part of its efforts to increase cooperation with its clients and involve them in the development of services.
@kod_ae
Durov's Code
Ajman Police Have Started Welcoming Visitors in the Metaverse
This initiative provides a different user experience through the Metaverse that ensures the provision of services in the future, according to the UAE Government Charter for Future Services.
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📰 Dubai Media Council //
The council will support the media in generating high-quality content, develop Dubai’s media strategy and enhance strategic relations with local, regional and international media organisations.
@kod_ae
The council will support the media in generating high-quality content, develop Dubai’s media strategy and enhance strategic relations with local, regional and international media organisations.
@kod_ae
Durov's Code
Dubai Media Council
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Ruler of Dubai, has issued a law establishing Dubai Media Council to enhance its media sector as a regional and global hub.
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✈️ IT Guys – Fasten Your Seat Belts //
Along with cabin crew and floor workers, UAE airways are looking to recruit IT-professionals.
@kod_ae
Along with cabin crew and floor workers, UAE airways are looking to recruit IT-professionals.
@kod_ae
Durov's Code
IT guys – fasten your seat belts
Some of the highest demand jobs will be in the IT departments of airlines because technology is clearly benefiting every business, said Adel Al Redha, Emirates’ Chief Operating Officer.
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🚎 Dubai’s push for self-driving buses //
The Dubai government has launched a challenge for Dubai Self-Driving Transport Congress 2023 with a focus on self-driving buses.
@kod_ae
The Dubai government has launched a challenge for Dubai Self-Driving Transport Congress 2023 with a focus on self-driving buses.
@kod_ae
Durov's Code
Dubai’s push for self-driving buses
The challenge is part of Dubai’s efforts to support its leading role in self-driving transport, and its commitment to transform 25 percent of total mobility journeys in Dubai into driverless ones by 2030.
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🏦 One More Crypto Exchange in Dubai //
Dubai's Virtual Asset Regulatory Authority (VARA) has granted Crypto.com a provisional approval of its virtual asset licenсe.
VARA will conduct further due diligence and other mandatory reviews for the issuance of a full operating licence, which could happen in the near term.
Crypto.com said in March that it would establish a regional office in Dubai after passing new laws for cryptocurrencies and establishing VARA to make Dubai a global cryptocurrency hub.
@kod_ae
Dubai's Virtual Asset Regulatory Authority (VARA) has granted Crypto.com a provisional approval of its virtual asset licenсe.
VARA will conduct further due diligence and other mandatory reviews for the issuance of a full operating licence, which could happen in the near term.
Crypto.com said in March that it would establish a regional office in Dubai after passing new laws for cryptocurrencies and establishing VARA to make Dubai a global cryptocurrency hub.
@kod_ae
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💬 Hate Speech //
Facebook whistleblower Frances Haugen says she sees no opportunity for Meta to grow until Mark Zuckerberg steps down.
@kod_ae
Facebook whistleblower Frances Haugen says she sees no opportunity for Meta to grow until Mark Zuckerberg steps down.
@kod_ae
Durov's Code
Facebook Whistleblower Says Meta Won't Be Able to Recover Until Mark Zuckerberg Leaves Office
According to Frances Haugen, Facebook knows its products harm the mental health of teenagers and incite ethnic violence.
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🚙 Hybrid Bentley //
Bentley makes a new step towards a complete EV brand unveiling the Flying Spur Hybrid.
@kod_ae
Bentley makes a new step towards a complete EV brand unveiling the Flying Spur Hybrid.
@kod_ae
Durov's Code
Bentley Reveals Flying Spur Hybrid
The price is $210,000 including a charging unit, thus, the customers don’t need to visit the nearby charging station.
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🚀 Open Banking to Speed Up UAE Crypto //
UAE has one of the fastest adoption rates in crypto transactions. Still, the Open Banking could speed up the process in several ways.
@kod_ae
UAE has one of the fastest adoption rates in crypto transactions. Still, the Open Banking could speed up the process in several ways.
@kod_ae
Durov's Code
Open Banking to Rocket UAE Crypto Transactions
The system is due to help to meet the high demands in crypto transactions of one of the fastest growing crypto currency market's residents.
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ℹ️ The Oil of The Future Is Data //
The developing of Al is a solid step on the path to the UAE’s digital economy and FinTech.
@kod_ae
The developing of Al is a solid step on the path to the UAE’s digital economy and FinTech.
@kod_ae
Durov's Code
Techs to The Rescue in the UAE’s Outburst to Non-Oil Economy
Economy based on oil builds its momentum on scarcity: “black gold” is valuable thanks to demand combined with the challenges to find. Still, technology’s relentless march forward provides even more appealing opportunities.
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🔋 Reliable Charge, Loyal Customer //
Saudi Petromin’s innovative venture “Electromin” promotes EV culture opening 100 charging stations in the Kingdom’s major cities.
@kod_ae
Saudi Petromin’s innovative venture “Electromin” promotes EV culture opening 100 charging stations in the Kingdom’s major cities.
@kod_ae
Durov's Code
“Electromin” to Install More EV Charging Stations in Saudi Arabia
Saudi Petromin’s innovative venture promotes EV by expanding the network of charging stations in the Kingdom
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