π VC Finance Fund to Foster Start-ups //
Dubai has introduced the launch of a venture capital finance fund with about Dh370 million ($100.7m) to promote its ambition of changing into a world FinTech hub.
@kod_ae
Dubai has introduced the launch of a venture capital finance fund with about Dh370 million ($100.7m) to promote its ambition of changing into a world FinTech hub.
@kod_ae
Durov's Code
Dubai to Launch $100 Million VC Finance Fund to Assist Start-ups
The new VC fund is expected to provide more than 8,000 jobs, strengthen Dubai's position as a regional hub for entrepreneurship and FinTech and help attract investors.
π12π3π2
π Elon Musk's Understanding of Free Speech //
Elon Musk says he bought Twitter to protect free speech. But what does Musk mean by "free speech"? Musk gave an answer in his tweet on Tuesday, a day after the deal to buy Twitter for $44 billion.
There are several ways to interpret Musk's statement. In the USA, the First Amendment does not allow the government to restrict free speech, but the courts have ruled that it does not prohibit private companies from doing so.
In the rest of the world, free speech laws vary from country to country. Twitter faces various obstacles around the world. For example, China is blocking Twitter. In Europe, Twitter will face a new set of rules to moderate illegal and harmful content.
But Musk's new statement, which defines free speech as "that which complies with the law", suggests an approach in which he is willing to restrict free speech in any country where the government requires it.
@kod_ae
Elon Musk says he bought Twitter to protect free speech. But what does Musk mean by "free speech"? Musk gave an answer in his tweet on Tuesday, a day after the deal to buy Twitter for $44 billion.
There are several ways to interpret Musk's statement. In the USA, the First Amendment does not allow the government to restrict free speech, but the courts have ruled that it does not prohibit private companies from doing so.
In the rest of the world, free speech laws vary from country to country. Twitter faces various obstacles around the world. For example, China is blocking Twitter. In Europe, Twitter will face a new set of rules to moderate illegal and harmful content.
But Musk's new statement, which defines free speech as "that which complies with the law", suggests an approach in which he is willing to restrict free speech in any country where the government requires it.
@kod_ae
π18π4
π§· Ramadan NFT Majlis //
Dubai-based technology and Web3 company BEDU held its first Ramadan NFT Majlis in association with ARTS DAO. The event was held at Foundry, Downtown, Dubai, and brought together over 100 members of the NFT community to discuss the latest trends in the Metaverse, NFT and Web3 space.
During the event, BEDU also announced the launch of UAENFT Keypass as well as its first art drop entitled 'From Desert to Mars'. Keypass is a unique NFT membership for the Web3 community launched by UAENFT, the NFT curated division of BEDU.
UAENFT Keypass members will receive information on the latest developments in the NFT space as well as upcoming BEDU projects. Keypass will also provide exclusive access to NFT art collections curated and selected by Giuseppe Moscatello, BEDU art curator and director of Foundry, Downtown, Dubai.
@kod_ae
Dubai-based technology and Web3 company BEDU held its first Ramadan NFT Majlis in association with ARTS DAO. The event was held at Foundry, Downtown, Dubai, and brought together over 100 members of the NFT community to discuss the latest trends in the Metaverse, NFT and Web3 space.
During the event, BEDU also announced the launch of UAENFT Keypass as well as its first art drop entitled 'From Desert to Mars'. Keypass is a unique NFT membership for the Web3 community launched by UAENFT, the NFT curated division of BEDU.
UAENFT Keypass members will receive information on the latest developments in the NFT space as well as upcoming BEDU projects. Keypass will also provide exclusive access to NFT art collections curated and selected by Giuseppe Moscatello, BEDU art curator and director of Foundry, Downtown, Dubai.
@kod_ae
π11π3π2
π‘ Buy a house with BTC and ETH //
Dubai's leading real estate developer Damac Properties announced that it would facilitate the sale of property to Bitcoin and Ethereum holders.
According to the company, it wants to "accelerate the new economy for newer generations, and for the future of our industry".
Recently DAMAC also announced plans to invest $100 million in building its own digital cities in the metaverse.
@kod_ae
Dubai's leading real estate developer Damac Properties announced that it would facilitate the sale of property to Bitcoin and Ethereum holders.
According to the company, it wants to "accelerate the new economy for newer generations, and for the future of our industry".
Recently DAMAC also announced plans to invest $100 million in building its own digital cities in the metaverse.
@kod_ae
π14π6π2
π§ Women in Saudi Tech Start-ups //
The Endeavor Insight report revealed that Saudi Arabia has a higher percentage of women working in the tech start-up sector than Europe. In addition, there is a higher startup rate for women in the tech sector than for men.
In the third quarter of last year, the number of women in the sector was 28%, more than 10% higher than the European average of 17.5% in the same period.
According to the Kingdom's Ministry of Communications and Information Technology, Saudi Arabia issued 139,754 new commercial licences to women in 2021, one of the highest growth rates in the world.
@kod_ae
The Endeavor Insight report revealed that Saudi Arabia has a higher percentage of women working in the tech start-up sector than Europe. In addition, there is a higher startup rate for women in the tech sector than for men.
In the third quarter of last year, the number of women in the sector was 28%, more than 10% higher than the European average of 17.5% in the same period.
According to the Kingdom's Ministry of Communications and Information Technology, Saudi Arabia issued 139,754 new commercial licences to women in 2021, one of the highest growth rates in the world.
@kod_ae
π15π8π2
π 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
π12π2
π¨ 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
π12π7
π° Satellites Permitted //
The Gulf countryβs 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 Earthβs orbit in low altitudes to provide internet.
The Starlink service now operates primarily in North America, Europe and Australia, and this is the serviceβs first expansion to the Middle East.
@kod_ae
The Gulf countryβs 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 Earthβs orbit in low altitudes to provide internet.
The Starlink service now operates primarily in North America, Europe and Australia, and this is the serviceβs first expansion to the Middle East.
@kod_ae
π11π7
π° 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 β 76% of employers said they planned to expand workforce in 2022.
π13π2π2
πͺ 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
π15π5π2
𧩠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
π11π6
π
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
DurovΛs 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.
π12π6
π‘ 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.
π9π7
π§ 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
π9π5
π€ Premium Functions for a Premium Messenger //
Six months after introducing Ad Platform, Telegram began testing premium subscription. 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 subscription. 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 Subscription
A new interface of Telegram Premium was discovered on May 1st in the beta version of the app for iOS.
π14π7
π 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
π10π8
π± 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.
π9π7
πΌ 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.
π9π6
π 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 includedβ 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 includedβ 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
π12π3
π 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
π11π3