Technology

Dubai / WAM In conjunction with Cyber Security Month, which is observed in October every year, Dubai Electricity and Water Authority (Dewa) has added a new channel to raise awareness among its employees about the importance of information security to enhance their skills in facing cyber challenges and threats. In addition to internal bulletins, emails and participation in training courses, ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has launched a new platform dedicated to increasing capital investment in technology companies, including startups from the region’s leading family offices. Tech “Barza” – meaning majlis – is an exclusive capital club that targets regional family offices for exclusive access to Hub71’s vibrant community of almost 200 startups to accelerate ...

Parmy Olson You have to hand it to Mark Zuckerberg. In the face of criticism about the radical strategic shift he has chosen for Facebook, he is stubbornly focused on turning it into a metaverse company. Other tech billionaires may lash out at dissent, but Zuckerberg remains stoic, tuning out the noise to give earnest interviews and presentations about his ...

Meta Platforms Inc shareholders are paying dearly for its spending on the metaverse: The Facebook parent’s market value has collapsed by a whopping $520 billion in the past year, and now it’s on the brink of getting booted from the ranks of the 20 largest US companies. The punishment shows no signs of easing anytime soon. Meta’s stock is down ...

Chinese stocks in Hong Kong extended their recovery from a rout earlier this week, as investors focused on a slew of earnings and awaited further policy guidance following the Party congress. The Hang Seng China Enterprises Index, a gauge of Chinese equities trading in Hong Kong, climbed 0.5%. The third day of advance helped pare losses from a historic 7.3% ...

A year after launching Africa’s first digital currency, Nigeria’s central bank is turning to the nation’s three-wheeler taxi operators to speed the adoption of the eNaira, as regulators across the world scrutinise its every move. It’s offering a 5% discount to drivers and passengers of the motorised rickshaws — known locally as Keke Napep — who use the eNaira. It’s ...

The Bank of Canada is set to deliver a fifth — but possibly final — outsized interest-rate hike this week amid signs its inflation-fighting efforts may be dragging the country’s economy into a recession. Markets are pricing in a 75 basis-point increase in the central bank’s rate at its decision in Ottawa. That would bring the benchmark to 4%, a ...

US equity futures fall as megacap technology shares slumped in pre-market trading, marring a three-day rally on Wall Street and raising new doubts over whether this year’s $5.5 trillion selloff is nearing a bottom. Contracts on the Nasdaq 100 fell more than 1% after disappointing quarterly updates from Microsoft Corp., Google parent Alphabet Inc. and Texas Instruments Inc. S&P 500 ...

Dubai / WAM The Water, Energy, Technology and Environment Exhibition (Wetex) and Dubai Solar Show (DSS), organised by Dubai Electricity and Water Authority (Dewa), attracted 47,415 visitors in its 24th edition. 1,750 companies from 55 countries worldwide participated in the exhibition under the theme ‘At the Forefront of Sustainability.’ Wetex & DSS highlighted the latest global solutions, technologies and innovations ...

Abu Dhabi / WAM Edge group has announced that it will participate in the Indo Defence Expo and Forum in Jakarta from November 2-5. As one of the world’s top 25 advanced technology groups for defence and beyond, Edge has seized the opportunity of exhibiting at a major international industry event to showcase its products and solutions to the Indonesian ...