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Posted on 09/02/2024

New Mobile Satellite Industry Association to advance global connectivity for Direct-to-Device and IoT services

Enables over 100 MHz of standards-based, interoperable L- and S-band spectrum for D2D across multiple MSS networks globally …

Posted on 09/02/2024

Stc Group and iBASIS sign MoU to develop IoT services in MENA

Through this MoU, stc will benefit from iBASIS’s capabilities and leading position in the field of IoT, enabling developers of IoT technologies in Europe and America to expand their business in the …

Posted on 09/02/2024

UAE’s NIMR debuts JAIS MK2 armored vehicle, tech transfer to Saudi Arabia ‘on track’

NIMR has teamed with Saudi Arabia’s SAMI to eventually locally produce the JAIS inside the Kingdom, NIMR CEO Abri du Plessis told Breaking Defense.

Posted on 09/02/2024

Dubai-Based Start-Up Poised to Lead Global Expansion in AI Translation and Dubbing

Dubai-based start-up Camb.ai has closed a $4 million seed-funding round, propelling its vision to become a global live translation and dubbing leader. The investment, led by Courtside Ventures, …

Posted on 09/02/2024

US sanctions UAE entities for allegedly violating Russian oil price cap

It is the second price cap enforcement action taken by the G7 in 2024, following one last month against Hennesea Holdings Limited, a UAE shipping company. The Treasury Department also said it had …

Posted on 09/02/2024

Abu Dhabi AI group G42 sells its China stakes to appease US

Abu Dhabi artificial intelligence group G42 has sold its stakes in Chinese companies including TikTok owner ByteDance, as the group seeks to reassure US partners by cutting ties with China.

Posted on 09/02/2024

Dubai: Over Dh500,000 fine, jail time announced for disclosing, destroying ‘secret’ govt information

Dubai’s authority levies a heavy penalty against individuals who carry out nefarious actions with confidential government information or data, as per the Public Prosecution. The authority announced a …

Posted on 09/02/2024

UAE’s MoF to promote financial empowerment and sustainability

The UAE Ministry of Finance announced on Friday that it will participate in the World Governments Summit (WGS) 2024, under the theme “Shaping Future Governments”, from Feb.12-14 in Dubai.

Posted on 09/02/2024

Fintech platform with 500 Scottish staff unveils acquisition of fast-growing investment platform

Third Financial is one of the fastest growing investment platform and software providers in the UK. Nucleus Financial Platforms, the fintech business created following James Hay Partnership’s 2021 …

Posted on 09/02/2024

Why PayPal Stock Was Moving in the Wrong Direction Again This Week

Investors were reminded of all of those problems when the fintech giant reported fourth-quarter earnings on Wednesday, and they didn’t like what they heard. PayPal stock was trading down 10% as of …

Posted on 09/02/2024

Dh2,000 fine for popping head out of vehicle sunroof and windows in Dubai and Abu Dhabi

More than 1,183 violations recorded for endangering lives on Dubai roads last year Dubai: Police in Dubai and Abu Dhabi have warned drivers against allowing passengers to stick their heads out of …

Posted on 09/02/2024

Pentagon and SpaceX Respond to Reports of Russia Using Starlink

Earlier reports suggested the Russian military was deploying the SpaceX terminals, including on the front line in Ukraine.

Posted on 09/02/2024

Not Dubai, Singapore, But GIFT City Preferred Spot For Indian Asset Managers’ Overseas Operations

Several Indian asset managers are transitioning their offshore operations from global financial hubs like Dubai and Singapore to Gujarat’s International Finance Tec-City (GIFT City) for enhanced …

Posted on 09/02/2024

Austria welcomes WTO talks on supply-chain disruption at MC13 in UAE

Austria applauds the World Trade Organisation’s (WTO) initiative to discuss supply-chain disruption in the upcoming 13th Ministerial Conference (MC13) in Abu Dhabi later this month, Dr. Martin Kocher, …

Posted on 09/02/2024

Dubai gains on upbeat earnings, Abu Dhabi falls

Feb 9 (Reuters) – Dubai stock exchange closed higher on Friday, as a number of corporate earnings exceeded market expectations boosting the risk appetite for investors, however shares in Abu Dhabi …

Posted on 09/02/2024

Shot in UAE, coming to cinemas: Sci-fi epic Dune 2 to premiere in Abu Dhabi next week

Dune: Part Two’ stars are set to return to the UAE capital after shooting for the film in the Liwa desert after two years …

Posted on 09/02/2024

Sharjah Lights Festival sparks Al Hamriyah’s sky

Al Hamriyah sky shined with the launch of the Sharjah Lights Festival which was attended by remarkable attendance from dignitaries, officials, residents, and inhabitants of Al Hamriyah city.

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