In recent years, the Middle East and Africa (MEA) region has been seeking to take their rightful seat at the global table of technological advancements. A previous article, for example, showcased how two of Africa’s significant telcos championed the continent’s representation on the global stage. In this series of MedTech-oriented articles, “The Arab Health 2023 […]
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Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of voluntary carbon credits and make it easier for their customers to participate in the market. Demand for carbon offsets, generated through projects such as tree planting or using cleaner cooking fuel, is expected to soar […]
Tesla’s investment in Bitcoin has been a rollercoaster ride for the company and the cryptocurrency world. When Tesla announced in February 2021 that it had invested $1.5 billion in Bitcoin and would begin accepting it as payment for its electric vehicles, the price of the cryptocurrency skyrocketed. However, the honeymoon didn’t last long, as the […]
Investors are just about coming to terms with the eye-popping payrolls number from Friday, but with Fed Chair Jerome Powell due to speak later in the day, the market will ponder which Powell will turn up (the hawk or the dove). Perhaps ChatGPT has the answer. Google owner Alphabet unveiled a rival to super popular […]
IEC Telecom, a French satellite service provider, is officially a Starlink satellite internet service authorized distributor for SpaceX. IEC Telecom made a new service portfolio with Starlink capability available for satcom users on Monday, including remote workers, multinational corporations, and maritime organizations. IEC Telecom provides new Starlink land solutions for mobile and fixed deployments. The […]
Saudi Arabia has attracted more than $9 billion in investments in future technologies, including by U.S. giants Microsoft and Oracle Corp, which are building cloud regions in the kingdom, a government minister said on Monday. Saudi Minister of Communication and Information Technology Abdullah Alswaha said Microsoft will invest $2.1 billion in a global super-scaler cloud, […]
Oracle Corp plans to invest $1.5 billion in Saudi Arabia in the coming years as it builds up its cloud footprint in the kingdom and opens its third public cloud region in Riyadh, a company official said. Saudi officials have pressed international companies to invest in the kingdom and move their regional headquarters to Riyadh […]
In a world where technology plays a crucial role in shaping international relationships, telecoms have emerged as a powerful tool for governments to impose sanctions and restrict access to communication services. In today’s connected world, telecoms provide a direct link between individuals, organizations, and countries. Therefore, its makes it easier for governments to enforce their […]
Over 2022, the tech sector saw highly high volatility. Taking the brunt of changes in Fed tightening predictions and the outlook for the USD. The Nasdaq and the XLK (SPDR Tech fund), two major tech indexes, are down on the year by 27% and 23%, respectively. As we transition into the first quarter of 2023, […]
Banking dates back to the Mesopotamian era (i.e., 8000–2000 B.C.) when Babylonians depositing gold had to pay as much as one-sixtieth of the total deposited. In fact, the code commissioned by Hammurabi, king of Babylon c. 1792–1750 BCE, stipulated in several laws how citizens were to conduct their banking activities (i.e., loans, repayment, deposits, etc.). Today, […]