🍏 Another Obstacle //
A new Covid-19 outbreak in China could hamper Apple's sales by $8 billion in the current quarter. The Chinese government has imposed new restrictions aimed at combating Covid-19 infections in areas of Shanghai, where Apple has many suppliers.
Despite the pandemic, Apple's revenue for the most recent period rose 9% to $97.3 billion, far above analysts' expectations of $94 billion. Earnings per share rose to $1.52 from $1.40 a year earlier, beating estimates of $1.42 a share and setting a record for Apple's second fiscal quarter.
The results reflect the company's ability during the period to overcome supply problems that plagued the technology and automotive industries, allowing it to sell more iPhones than Wall Street had anticipated.
@kod_ae
A new Covid-19 outbreak in China could hamper Apple's sales by $8 billion in the current quarter. The Chinese government has imposed new restrictions aimed at combating Covid-19 infections in areas of Shanghai, where Apple has many suppliers.
Despite the pandemic, Apple's revenue for the most recent period rose 9% to $97.3 billion, far above analysts' expectations of $94 billion. Earnings per share rose to $1.52 from $1.40 a year earlier, beating estimates of $1.42 a share and setting a record for Apple's second fiscal quarter.
The results reflect the company's ability during the period to overcome supply problems that plagued the technology and automotive industries, allowing it to sell more iPhones than Wall Street had anticipated.
@kod_ae
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📨 Unexpected invitation //
The UAE Ministry of Finance wants to get local business opinion on the country's recently announced the corporate tax, which raised the base rate from 0% to 9%. It will not affect companies registered in free zones or foreign investors who do not conduct business in the country. The new corporate tax will be enforced in June 2023.
The Ministry wants clear and concise comments on the document, focusing on aspects of the proposed tax regime that could help reduce the cost of tax compliance and any difficulties associated with it. This will increase certainty for both the tax administration and taxpayers.
Other stakeholders with an opinion on the matter can also leave their feedback on the Ministry's website or on the UAE government portal.
@kod_ae
The UAE Ministry of Finance wants to get local business opinion on the country's recently announced the corporate tax, which raised the base rate from 0% to 9%. It will not affect companies registered in free zones or foreign investors who do not conduct business in the country. The new corporate tax will be enforced in June 2023.
The Ministry wants clear and concise comments on the document, focusing on aspects of the proposed tax regime that could help reduce the cost of tax compliance and any difficulties associated with it. This will increase certainty for both the tax administration and taxpayers.
Other stakeholders with an opinion on the matter can also leave their feedback on the Ministry's website or on the UAE government portal.
@kod_ae
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🛰 Satellites Permitted //
The Gulf country’s Telecommunications Regulatory Authority (TRA) issued the licence to the US-based private space exploration technology company SpaceX to offer Starlink satellite and internet services in Bahrain.
Starlink enables consumers to use Internet everywhere through a network of satellites along the Earth’s orbit in low altitudes to provide internet.
The Starlink service now operates primarily in North America, Europe and Australia, and this is the service’s first expansion to the Middle East.
@kod_ae
The Gulf country’s Telecommunications Regulatory Authority (TRA) issued the licence to the US-based private space exploration technology company SpaceX to offer Starlink satellite and internet services in Bahrain.
Starlink enables consumers to use Internet everywhere through a network of satellites along the Earth’s orbit in low altitudes to provide internet.
The Starlink service now operates primarily in North America, Europe and Australia, and this is the service’s first expansion to the Middle East.
@kod_ae
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💰 How much are IT specialists paid in the UAE? //
According to the UAE Salary Guide 2022 there is high demand for IT specialists in the country, especially for candidates specialising in UX design, digital marketing, product development, digital transformation project management and e-commerce leadership.
@kod_ae
According to the UAE Salary Guide 2022 there is high demand for IT specialists in the country, especially for candidates specialising in UX design, digital marketing, product development, digital transformation project management and e-commerce leadership.
@kod_ae
Durov's Code
UAE Salaries
The demand for new talents in the UAE is growing steadily – 76% of employers said they planned to expand workforce in 2022.
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🪙 TON Mining Will End in Less Than 2 Months //
In June 2020, a free distribution period of Toncoin began, during which any user could mine TON coins without any restrictions.
As of today, PoW servers' balances are almost depleted, with about 12 million Toncoins left to be mined.
TON mining will be finished in early summer, around 16-19th of June, after which all coins will be distributed among users and new stage of The Open Network will be started.
For those wishing to participate in the final stage of free-mining Toncoin, it is recommend to visit the How to mine section of the project's official website, as well as study the instructions on how to participate in the mining pools from Russian Durov's Code.
@d_code x @kod_ae
In June 2020, a free distribution period of Toncoin began, during which any user could mine TON coins without any restrictions.
As of today, PoW servers' balances are almost depleted, with about 12 million Toncoins left to be mined.
TON mining will be finished in early summer, around 16-19th of June, after which all coins will be distributed among users and new stage of The Open Network will be started.
For those wishing to participate in the final stage of free-mining Toncoin, it is recommend to visit the How to mine section of the project's official website, as well as study the instructions on how to participate in the mining pools from Russian Durov's Code.
@d_code x @kod_ae
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🧩 Crypto Superapp //
Revolut, a London-based digital banking platform, prepares for expansion into decentralised cryptocurrency wallets, mortgage sector as well as buy now pay later products.
The platform currently offers payment and savings services, as well as trading. Now the app is focused on becoming a super app based on decentralised finance concept.
This month the Financial Services Regulatory Authority of Abu Dhabi Global Market issued a discussion paper to engage with the industry to explore the potential opportunities arising from DeFi, associated risks, and define the potential future regulatory framework.
@kod_ae
Revolut, a London-based digital banking platform, prepares for expansion into decentralised cryptocurrency wallets, mortgage sector as well as buy now pay later products.
The platform currently offers payment and savings services, as well as trading. Now the app is focused on becoming a super app based on decentralised finance concept.
This month the Financial Services Regulatory Authority of Abu Dhabi Global Market issued a discussion paper to engage with the industry to explore the potential opportunities arising from DeFi, associated risks, and define the potential future regulatory framework.
@kod_ae
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🍅 Halal Foodtech //
Today, entering the Halal food market requires more and more investment, as the certification procedures become increasingly tough.
@kod_ae
Today, entering the Halal food market requires more and more investment, as the certification procedures become increasingly tough.
@kod_ae
Durov˙s Code
Halal Foodtech
The global halal food and beverage market is projected to grow to $3.3 trillion in 2028 from $2.1 trillion in 2021.
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📡 High-Speed Internet for the Gulf //
A new company seeks to simplify the digital infrastructure access in the GCC countries by providing unified connectivity to data centres & internet exchange services with interconnected data centre and internet exchange platform solutions.
@kod_ae
A new company seeks to simplify the digital infrastructure access in the GCC countries by providing unified connectivity to data centres & internet exchange services with interconnected data centre and internet exchange platform solutions.
@kod_ae
Durov's Code
High-Speed Internet for the Gulf
The 1,400km terrestrial fibre optic cable will be interconnected with other regional subsea cables giving access to onward connectivity to Europe and Asia.
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🧐 Just in case... //
Law experts say, registration of will is not mandatory for expats in the UAE. However, it may be useful for them to register a will pertaining to their movable and or immovable assets, including property, investments and bank accounts to avoid legal problems in future.
Muslim and non-Muslim expats should register will in their relevant courts.
@kod_ae
Law experts say, registration of will is not mandatory for expats in the UAE. However, it may be useful for them to register a will pertaining to their movable and or immovable assets, including property, investments and bank accounts to avoid legal problems in future.
Muslim and non-Muslim expats should register will in their relevant courts.
@kod_ae
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🤑 Premium Functions for a Premium Messenger //
Six months after introducing Ad Platform, Telegram began testing premium subnoscription. Here we explain how it works on the example of the first features.
@kod_ae
Six months after introducing Ad Platform, Telegram began testing premium subnoscription. Here we explain how it works on the example of the first features.
@kod_ae
Durov's Code
Telegram Monetisation Methods: First Insights into Premium Subnoscription
A new interface of Telegram Premium was discovered on May 1st in the beta version of the app for iOS.
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🚀 Commercial spaceships help UAE get into space //
Emirati officials announced that one Emirati astronaut will be part of the Nasa-SpaceX Crew-6 mission scheduled to launch in the spring of 2023.
It will be the first long-term space mission by an Arab country. In doing this the UAE seeks to to solidify its position as a leader in space exploration in the Arab world.
@kod_ae
Emirati officials announced that one Emirati astronaut will be part of the Nasa-SpaceX Crew-6 mission scheduled to launch in the spring of 2023.
It will be the first long-term space mission by an Arab country. In doing this the UAE seeks to to solidify its position as a leader in space exploration in the Arab world.
@kod_ae
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📱 Interface Changes //
The developers of Telegram have released a new beta version of the iOS messenger, numbered 8.7.2 (23313). We found new changes there.
@kod_ae
The developers of Telegram have released a new beta version of the iOS messenger, numbered 8.7.2 (23313). We found new changes there.
@kod_ae
Durov's Code
What's new in Telegram Beta 8.7.2 for iOS?
There is a considerable number of interface changes.
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💼 New Opportunities for Start-ups in Bahrain //
The Central Bank of Bahrain (CBB) has issued new guidelines which apply to operators of crowdfunding platforms for the first time since 2017.
@kod_ae
The Central Bank of Bahrain (CBB) has issued new guidelines which apply to operators of crowdfunding platforms for the first time since 2017.
@kod_ae
Durov's Code
Bahrain Central Bank Issues New Regulations Applicable to Crowdfunding Platform Operators
Bahrain seeks to open up more financing opportunities for small businesses and expand its liquidity pool.
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🔓 Privacy at Risk //
Mozilla project *Privacy Not Included published a new study on apps, which often deal with sensitive topics including depression, mental health awareness, anxiety, domestic violence, PTSD, and more, alongside religion-themed services. These apps are worse at protecting user privacy than most other types of apps.
The team analysed 32 mental health and prayer apps. Of those, 29 received a "privacy not included’ warning, indicating the team's concerns about the quality of data protection.
Despite the deeply personal information these apps manage, they routinely share data, allow weak passwords, target vulnerable users with personalised ads, and feature vague and poorly written privacy policies.
@kod_ae
Mozilla project *Privacy Not Included published a new study on apps, which often deal with sensitive topics including depression, mental health awareness, anxiety, domestic violence, PTSD, and more, alongside religion-themed services. These apps are worse at protecting user privacy than most other types of apps.
The team analysed 32 mental health and prayer apps. Of those, 29 received a "privacy not included’ warning, indicating the team's concerns about the quality of data protection.
Despite the deeply personal information these apps manage, they routinely share data, allow weak passwords, target vulnerable users with personalised ads, and feature vague and poorly written privacy policies.
@kod_ae
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🍏 The EU Restrains the Power of Apple //
EU antitrust regulators accused Apple of limiting competitors' access to its NFC chip technology.
The European Commission sent Apple a statement of objections detailing how the company abused its dominant position in the mobile wallet markets for iOS devices. This could lead to a hefty fine for Apple and force it to open up its mobile payment system to competitors. However, the EU notes that sending a statement of objections does not prejudge the outcome of the investigation.
Today's ruling follows allegations last year that the company unfairly penalised rival music streaming services. The EU has the power to impose fines of up to 10 per cent of Apple's global revenue ($36 billion), as well as force the company to introduce changes to its business practices. Nevertheless, any fines approved as a result of Apple's likely appeal against the charges will be much lower.
@kod_ae
EU antitrust regulators accused Apple of limiting competitors' access to its NFC chip technology.
The European Commission sent Apple a statement of objections detailing how the company abused its dominant position in the mobile wallet markets for iOS devices. This could lead to a hefty fine for Apple and force it to open up its mobile payment system to competitors. However, the EU notes that sending a statement of objections does not prejudge the outcome of the investigation.
Today's ruling follows allegations last year that the company unfairly penalised rival music streaming services. The EU has the power to impose fines of up to 10 per cent of Apple's global revenue ($36 billion), as well as force the company to introduce changes to its business practices. Nevertheless, any fines approved as a result of Apple's likely appeal against the charges will be much lower.
@kod_ae
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🤔 A Strike in Dubai? //
In an attempt to protest wage cuts and arduous working conditions, food-delivery drivers went on a rare strike in Dubai. Riders stopped working late Saturday and came back to work early Monday.
In a letter to its employees London-based Deliveroo agreed to restore workers’ pay to $2.79 per delivery instead of the proposed rate of $2.38. The company also decided to reverse its plan to extend working shifts to 14 hours a day.
@kod_ae
In an attempt to protest wage cuts and arduous working conditions, food-delivery drivers went on a rare strike in Dubai. Riders stopped working late Saturday and came back to work early Monday.
In a letter to its employees London-based Deliveroo agreed to restore workers’ pay to $2.79 per delivery instead of the proposed rate of $2.38. The company also decided to reverse its plan to extend working shifts to 14 hours a day.
@kod_ae
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⚔️ Israel prepares for new cyberattacks //
In an effort to create a 'digital Iron Dome', Israeli government required major national telecom firms to implement detailed plans for identifying and preventing future cyber attacks.
@kod_ae
In an effort to create a 'digital Iron Dome', Israeli government required major national telecom firms to implement detailed plans for identifying and preventing future cyber attacks.
@kod_ae
Durov's Code
Israel to Boost Digital Defence
In an effort to improve national cybersecurity defence system Israeli Communications Ministry and National Cyber Directorate set out a list of requirements for telecom companies.
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1️⃣ The Regulator's Debut in the Metaverse //
Dubai's VARA is entering the Metaverse. It will ensure that the regulator is accessible to the industry in its environment.
@kod_ae
Dubai's VARA is entering the Metaverse. It will ensure that the regulator is accessible to the industry in its environment.
@kod_ae
Durov˙s Code
Dubai’s Virtual Assets Regulatory Authority Becomes World’s First Regulator in the Metaverse
VARA will regulate the principles of service and activity management.
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🚘 LiDAR Supplier from Israel //
Israeli laser (LiDAR) sensor developer Innoviz Technologies Ltd. said that one of the world's largest vehicle manufacturers has selected the company as a direct LiDAR supplier.
There is no exact information about the company that made the deal. Sources believe the deal has been struck with Volkswagen.
This deal will increase Innoviz's prospective order book by $4 billion to $6.6 billion.
@kod_ae
Israeli laser (LiDAR) sensor developer Innoviz Technologies Ltd. said that one of the world's largest vehicle manufacturers has selected the company as a direct LiDAR supplier.
There is no exact information about the company that made the deal. Sources believe the deal has been struck with Volkswagen.
This deal will increase Innoviz's prospective order book by $4 billion to $6.6 billion.
@kod_ae
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💼 What kind of business are Russians building in Dubai?
Dubai is actively adopting blockchain technology and developing this culture. Egor Lapshov has prepared a story about three local start-ups from the world of digital art, which have founders from Russia.
@kod_ae
Dubai is actively adopting blockchain technology and developing this culture. Egor Lapshov has prepared a story about three local start-ups from the world of digital art, which have founders from Russia.
@kod_ae
Durov's Code
Three Projects from the Blockchain and Digital Art World in Dubai
Blockchain offers people incredible prospects for growth and self-expression; it is one of the fastest-growing sectors of the global economy.
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🖥 Oman Heads toward Digital Transformation //
Oman announced tender to study, design and implement the unified national portal for electronic services. The initiative is part of the government’s 2021-2025 digital transformation programme, which is expected to draw investment of around $441 million.
The first phase includes introducing 88 different e-services for citizens and businesses, and redesigning 70 percent of basic e-government services.
@kod_ae
Oman announced tender to study, design and implement the unified national portal for electronic services. The initiative is part of the government’s 2021-2025 digital transformation programme, which is expected to draw investment of around $441 million.
The first phase includes introducing 88 different e-services for citizens and businesses, and redesigning 70 percent of basic e-government services.
@kod_ae
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