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On Wednesday evening, a technical glitch caused widespread disruption on LinkedIn, the world’s largest professional networking platform. The outage, which began around 4:09 PM Eastern Time (ET), impacted tens of thousands of users globally, leaving them temporarily unable to access their accounts. Downdetector, a website that tracks online service outages, saw a surge in reports from users experiencing issues with LinkedIn. At its peak, over 42,000 reports […]

The Commodity Futures Trading Commission (CFTC) is taking a step towards clearer regulation in the digital asset space. On Wednesday, the CFTC’s Global Markets Advisory Committee (GMAC) voted to advance a “digital assets taxonomy” for agency review. This framework aims to standardize the terminology used for various digital assets, including cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). Proponents of the taxonomy believe it will bring much-needed […]

Arabian Post Staff As much as 20 percent of the UAE population have shifted to online shopping during the last few years, a conference on e-commerce in Dubai was informed. This raises the online shopping population from 4.5 million in 2019 to 6.5 million in 2023, that is accelerating the growth of the UAE’s US$83.5 billion (Dh306.6 billion) retail sale. The overall UAE retail market size was […]

Exly, a business management solution provider for knowledge professionals and creators, has secured $6.2 million in a funding round led by Chiratae Ventures. Existing investors Mayfield India and Venture Highway also participated in the round. This latest funding brings Exly’s total capital raised to $8 million, following a previous seed funding round of $1.8 million. Founded in 2018 by Suyash Sinha, Sidharth Rawat, Akhil Tripathi, and Swati […]

Avalanche, a prominent blockchain platform, has introduced a novel tool called “Teleporter” designed to foster seamless communication across its diverse network of subnets. This development, launched alongside the recent Durango upgrade, addresses a critical challenge within the blockchain landscape: network fragmentation. Subnets, essentially customized blockchains within a larger network, offer tailored solutions for specific use cases. Avalanche’s implementation of subnets allows developers to create application-specific chains catering […]

Dubai, UAE, March 6, 2024 – Bybit Web3, the cryptocurrency exchange’s arm dedicated to the decentralized web, announced a landmark collaboration with Solana, one of the fastest-growing blockchain ecosystems. This partnership will culminate in an exclusive livestream roundtable titled “Revolutionizing the Blockchain: Bybit and Solana Ecosystem’s Visionary Web3 Roundtable.” Scheduled for March 13, 2024, the online event promises an in-depth exploration of the innovations, growth, and future […]

The Kuwait Investment Authority (KIA), managing over $800 billion in government funds, is anticipating a stellar year, driven by a surge in US equities. The sovereign wealth fund, with over half its portfolio invested in US assets, has witnessed double-digit returns in the eleven months leading up to February 2024. This year’s positive performance marks a significant turnaround from the previous year, when returns fell short of […]

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Oman and Japan have pledged to strengthen their economic relationship, aiming to unlock new avenues for trade and investment cooperation. This commitment comes after a recent meeting between Khalid Almuslahi, Oman’s Foreign Ministry Undersecretary, and Iwata Kazuchika, Japan’s Minister of Economy, Trade and Industry. The two nations boast a longstanding economic partnership, with bilateral trade reaching a significant $4.6 billion. Notably, Japan is a crucial trading partner […]

Microsoft has announced the establishment of a Center of Excellence in Saudi Arabia, aiming to equip the nation’s workforce with the latest digital skills and empower them to contribute to the country’s ambitious digital transformation goals. This initiative aligns with Saudi Arabia’s Vision 2030, a strategic framework that emphasizes economic diversification and technological advancement. Turki Badhris, President of Microsoft Arabia, emphasized the company’s commitment to empowering Saudi […]

Oman has witnessed a surge in investments within its space sector, amassing RO 20 million over the past two years. This growth coincides with the release of the nation’s official space program in 2023, highlighting Oman’s aspirations to become a regional leader in space exploration and applications. Dr. Ali al Shidhani, Under-Secretary of Communications and IT at the Ministry of Transport, Communications, and Information Technology, emphasized the […]

Arabian Post Staff Etihad Airways announced a net profit of AED 525 million (U.S.$ 143 million) for the full year 2023, underscoring a strong financial performance and effective operational strategy. The airline reported AED 1.4 billion (U.S.$ 394 million) operating result, driven by AED 4 billion (U.S.$ 1.1 billion) year-on-year growth in passenger revenue, while decreasing unit cost excl. fuel by seven per cent, marking a significant […]

Professional services giant Accenture announced its acquisition of Udacity, a leading online learning platform, in a move aimed at strengthening its foothold in the burgeoning field of artificial intelligence (AI) education. The acquisition, the financial terms of which were not disclosed, underscores the growing demand for AI expertise and the need for businesses to equip their workforces with the necessary skills to navigate the evolving technological landscape. […]

Leading cryptocurrency derivatives exchange BloFin has cemented its position as a major player in the industry by securing a platinum sponsorship for the upcoming TOKEN2049 Dubai event. This sponsorship deal signifies BloFin’s commitment to fostering collaboration and growth within the global crypto ecosystem. TOKEN2049, scheduled to take place in Dubai later this year, is one of the premier gatherings for crypto industry professionals. The event brings together […]

New Funds to help BRKZ establish as a One-Stop-Shop for the construction sector and expand its footprint across Saudi Arabia and the MENA region Riyadh, Saudi Arabia – March 6, 2024 /MarketersMEDIA/ — BRKZ, a trailblazing construction tech startup, has successfully secured $8 million in Series A funding to revolutionize the building materials sector across Saudi Arabia and the broader Middle East and North Africa (MENA) region. […]

BloFin, a rising cryptocurrency derivatives exchange, announced today that it has secured regulatory approval from the Platinu Authority, a well-respected financial oversight body known for its stringent standards. This development marks a significant milestone for BloFin, potentially positioning it as a major player in the burgeoning crypto derivatives market. The Platinu Authority’s approval signifies BloFin’s adherence to rigorous regulatory requirements, including robust security protocols, transparent trading practices, […]

By K Raveendran The Indian election season is a vibrant spectacle. Rallies thrum with energy, multi-coloured flags flutter, and manifestos lay out grand visions for the future. Yet, beneath the celebratory veneer lies a troubling question: are these promises merely a game of rhetoric, with little chance of translation into reality? Maybe, it is time […]

The post Election Promises: Needed A Mechanism To Prevent Bluff Games By Political Parties first appeared on Latest India news, analysis and reports on IPA Newspack.

A recent report by Rise Studios and Parrot Analytics reveals a significant shift in the entertainment preferences of audiences in the Middle East and North Africa (MENA) region. The report, titled “Evolution of Content Genre and Language Preferences in MENA,” highlights a growing demand for Arabic-language content, reflecting a broader trend towards non-English entertainment globally. The global entertainment landscape is undergoing a transformation, with audiences increasingly seeking […]

Arabian Post Special A bizarre ballet is unfolding in financial markets, with Bitcoin and gold, two seemingly antithetical assets, reaching record highs simultaneously. This seemingly contradictory phenomenon has left investors scratching their heads, wondering if both rallies can be sustained in the medium to long term. Bitcoin, the volatile digital upstart, surged past its 2021 peak, reaching $69,192 on March 5th, 2024. This surge is attributed to […]

The return of DOMOTEX Middle East to Dubai, scheduled for April 23-25, 2024, signifies the city’s potential to reclaim its position as a central hub for the global flooring industry. This event, organized by Deutsche Messe, the world’s leading brand for trade fairs in the carpet and flooring sector, caters specifically to the burgeoning Middle Eastern market. DOMOTEX’s return to Dubai reflects the region’s thriving construction, development, […]

In a pivotal development for the realm of artificial intelligence, Beyond Limits, an esteemed industrial-grade AI software company, has unveiled its groundbreaking Hybrid AI Platform. This transformative technology is poised to redefine how operational data is processed and decisions are made within mission-critical applications. Addressing the limitations of current AI methodologies, often reliant on extensive datasets and opaque decision-making processes, Beyond Limits’ Hybrid AI Platform stands out […]

Saudi Tourism Authority reinforcing its presence in Malaysia with its recent inaugural in-person trade roadshow, engaging with key partners across the country KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 6 March 2024 – Saudi Tourism Authority (STA) unveiled a series of initiatives during its trade roadshow held at the Westin Kuala Lumpur on the 4th of March with 18 Saudi stakeholders including DMCs, hotels, transportation partners […]

The Xposure International Photography Festival offered a platform for insightful exploration during a session titled “Place & Identity: 4 Emerging Emirati Women Artists.” Held on Monday, the event delved into the intricate relationship between these two concepts, shedding light on the evolving artistic landscape within the United Arab Emirates and the wider region. Four rising female Emirati artists – [mention the artists’ names, if available] – presented […]

A glimmer of hope has emerged in the decade-long mystery surrounding Malaysia Airlines flight MH370. Ocean Infinity, a Texas-based marine robotics company, has submitted a proposal to the Malaysian government claiming they possess new scientific evidence pinpointing the missing plane’s final resting place in the southern Indian Ocean. MH370 vanished on March 8, 2014, with 239 people on board, shortly after takeoff from Kuala Lumpur. Despite extensive […]

Al Yah Satellite Communications Company PJSC (Yahsat), the United Arab Emirates’ leading provider of satellite solutions, announced its strongest financial performance ever for the full year ended December 31, 2023. The company’s revenue climbed 6% year-on-year to a record AED 1.7 billion (USD 457 million), exceeding its previous guidance and surpassing analyst projections. This positive financial picture was reflected across key metrics, including Earnings Before Interest, Taxes, […]

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