Divsha Bhat
Technology Editor at AGBI
Journalist | Editor | Writer Technology Editor at Arabian Gulf Business Insight
Articles
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Jul 4, 2024 |
agbi.com | Divsha Bhat
Maroc Telecom must pay $626m to InwiAnti-competitive practicesFine exceeds its 2023 profitsUAE telco e& (formerly Etisalat) has lost its appeal against an anti-competitive practices compensation payment in a Moroccan court. Maroc Telecom, which is 53 percent owned by e&, is now required to pay AED2.3 billion ($626 million) to Casablanca’s Wana Corporate (Inwi). It was first ordered to pay the compensation by the Commercial Court of Rabat in January 2024.
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Jul 3, 2024 |
agbi.com | Divsha Bhat
BNPL use doubled since 2022Linked to strong e-commerceRegulation challenges remain A tech-savvy society, an expanding e-commerce market and the appeal of flexible financing options is fuelling the UAE and Saudi Arabia’s buy-now-pay-later (BNPL) sector, according to industry experts. BNPL – when people can make immediate online purchases and spread payments over interest-free instalments – has grown in popularity in the Gulf since the Covid-19 pandemic.
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Jul 2, 2024 |
agbi.com | Divsha Bhat
Demand growing enormouslyFear of chip shortagesBut lack of engineering talentPlans by the UAE and Saudi Arabia to become centres of computer chip manufacturing are threatened by everything from shortages of engineering talent to a lack of water, experts have warned. The ambitions of the two countries will fail unless they invest in training and form partnerships, they say.
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Jul 1, 2024 |
agbi.com | Divsha Bhat
GlobalFoundries buys Tagore techFaster with lower energy consumptionMubadala a major sharedholderChipmaker GlobalFoundries, backed by Abu Dhabi’s Mubadala Investment Company, has bought a new technology to boost power in electric vehicles, artificial intelligence and data centres. It bought the gallium nitride (GaN) technology from semiconductor company Tagore Technology for an undisclosed sum.
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Jun 27, 2024 |
agbi.com | Divsha Bhat
Rules focus on ‘stablecoins’Digital assets pegged to dirhamCBUAE will issue licencesThe UAE has taken steps towards regulating its payments sector with the introduction of Payment Token Services Regulation in an attempt to push out fraudulent crypto companies and attract legitimate businesses. The new regulations introduced by the Central Bank of the UAE (CBUAE) focus heavily on stablecoins – digital currencies pegged to a real-world asset such as the UAE dirham.
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The UAE and Saudi Arabia's ambitions to become chip giants are facing a downpour of challenges. Experts warn that water scarcity, alongside a talent gap, could sink their plans. @nvidia @michaelbruck @intel @SamsungSemiUS #semiconductor #uae #saudiarabia https://t.co/qZWE2gZyF5
RT @VPasquali: The #UAE has taken steps towards regulating its payments sector with the introduction of Payment Token Services Regulation i…
Microsoft’s $1.5 billion investment in Abu Dhabi’s artificial intelligence company has received a significant vote of confidence from US authorities @Microsoft @G42ai #microsoft #AbuDhabi #ArtificialIntelligence #ai #technology #uae #US #China https://t.co/ts9tdhlGsb