Durov's Code

ℹ️ Dubai Council Meeting Decisions // Sheikh Mohammed bin Rashid Al Maktoum announced a number of decisions supporting Dubai's vision to advance sustainable development. @kod_ae

😱 Tech Giants Lose $1 Trillion // After the Federal Reserve raised interest rate by 50 basis points, stock market started to fall, with Big Tech experiencing its worst days. Over the last three days their total value loss exceeded $1 trillion. Microsoft lost $189 bln, Tesla $199 bln, Amazon $199 bln, Alphabet $123 mln and Meta $70 bln. At the same time, the market value of Saudi Aramco, the world's largest oil exporter, reached 9,19 trillion rials ($2.45 trillion), briefly surpassing Apple's market value @kod_ae

👀 UAE Drivers Go on a Second Strike in a Month // Delivery riders working for Talabat, a Middle East unit of German-based Delivery Hero SE, refused to show up for food delivery shifts on Monday, leaving the company struggling to fulfill orders. In contrast to another delivery service Deliveroo, whose riders went on a strike earlier this month, Talabat didn't announce changes in its payment policy. The company promised to listen to "what drivers have to say". @kod_ae

⚡️ Elon Musk will reverse Twitter's ban on Donald Trump // Speaking at FT Live's Future of the Car Conference, Elon Musk said he would reverse Twitter’s ban on former President Donald Trump if the acquisition goes through. @kod_ae

1️⃣ The First of its Kind // Dubai-based incubation platform CE-Creates announced merger with Abu Dhabi-based venture builder hatch & boost, in what will be the first incubation platform merger in MENA. The new entity, which will operate under the name hatch & boost Ventures, plans to expand its operations across the region, particularly in Egypt and Saudi Arabia. The incubator focuses on impact-driven startups and this year plans to nurture seven portfolio companies, which span across agritech, sustainable mobility, femtech, foodtech, and fintech. @kod_ae

💰 Largest Investment in Egyptian Fintech // Egypt’s fintech startup Paymob has recently raised $50 million in Series B round. The funding provided by PayPal’s corporate venture firm Paypal Ventures, London’s Clay Point and New York’s Kora Capital will be used to expand into the Gulf and North Africa. Paymob enables merchants to accept digital payments both online and in-store and offers access to financial services. @kod_ae

🥺 The End of Stablecoins? // Algorithmic stablecoins that should have played the role of safe haven in the chaos of crypto, instead, can provoke more volatility. Against the background of Bitcoin crash, UST coin plunged 30 per cent. It clawed back some of its losses, but is still below its dollar peg. All the mechanisms, that were supposed to keep UST price at $1, seemingly stopped working, which resulted in an unprecedented crash in the cryptomarkets. @kod_ae

🌆 Startup Ecosystem in MENA Update // Careem, YallaMarket, Rain and Dubai's new VC Fund. Everything you need to know about startup ecosystem changes in April. @kod_ae

✈️ The Future of Aviation is Made in Saudi Arabia // Future Aviation Forum kicks off today in Saudi Arabia, the country that is set to become the next global aviation hub. @kod_ae

Dubai Ranked First in Attracting FDI // According to the annual "DUBAI FDI Results & Rankings Highlights Report 2021" Dubai improved its positions across key FDI attraction metrics, ranking first in MENA and third globally, up from fourth place last year, in FDI capital inflows. In total, Dubai attracted 618 FDI projects in 2021 estimated at Dh26 billion ($7bn), up 5.5 per cent compared to the previous year. Among them are 148 greenfield FDI projects. In 2021 FDI projects also created 24,868 jobs, which is 36 per cent more than the previous year, the report says. @kod_ae

🏫 The eCommerce Academy for SMEs // The UAE Ministry of Economy and Google launch a special programme for small and medium-sized enterprises and start-ups. @kod_ae

🧠 Memory Analysis Company Purchase // Toronto-listed Magnet Forensics, a developer of digital investigation solutions for more than 4,000 businesses and public safety organisations in more than 100 countries, has acquired the strategic IP assets of UAE-based cybersecurity company Comae Technologies, which specialises in cloud-based memory analysis used to recover evidence from the volatile memory of devices. Magnet Forensics will use this deal to accelerate the development of its memory analysis platform within Magnet Idea Lab, an incubator comprising hundreds of investigators and analysts from leading police agencies and enterprises. For enterprises, memory analysis could be the key to identifying compromised devices in a malware or ransomware attack. In incident investigations, memory analysis allows agencies to recover hidden evidence and understand what happened on the devices. @kod_ae

🛴 Concern for e-Scooter Riders in the UAE // The initiative, developed by the Federal Road Traffic Council, acting on behalf of the Ministry of the Interior, urges drivers to follow safety rules when riding an e-scooter. The campaign, launched under the slogan 'Traffic Safety for e-scooter users', aims to raise drivers' awareness of the rules of the road. They will be disseminated through field workers and police patrols will ensure that all safety rules are followed. Recall that e-scooter riders must ride on designated lanes and wear helmets at all times. They must wear knee pads and reflective clothing when riding, especially at night. @kod_ae

🔗 Focus on Morale and Protection from Data Breaches // Dubai-based IT service provider Truly Secure and employee engagement platform Workfam decided to collaborate on employee solutions to further raise the barrier of protection in the HR sector. @kod_ae

🚔 Artificial Intelligence Guards the Emirate // Abu Dhabi Police use artificial intelligence to improve security in Abu Dhabi. @kod_ae

🏃‍♂️ Health is Under Control // The vast majority of people in the UAE want to adopt more wearable health technology or applications. @kod_ae

📌 Leak // A Telegram Premium subscription will double some of the messenger's limits. Pictured is a proposal to increase the limit of pinned dialogues from 5 to 10, and it's also known that with a subscription, up to 20 chat folders can be created instead of the current 10. Other limits: - Total number of chats per folder (100 → 200). - Maximum of supergroup channels (500 → 1000). - Limit of pinned chats within a folder (100 → 200). - Maximum of public links for channels and supergroups (10 → 20). - Number of favourite stickers (5 → 10). - Maximum number of saved GIFs (200 → 400). We have already told you about other advantages of the future Telegram Premium subscription in our article. @kod_ae

🪝 Fake YouTube Helped Hackers // Users have suffered from the hacking of the OpenSea Discord server. Some of their NFTs fell into the wrong hands. @kod_ae

🧐 Riders Get Compensated after Strike // London-based Deliveroo launched investigation after claims by riders in the UAE who said they had to pay for employment visas out of their own pockets. Riders claim they paid thousands of dirhams to third-party agencies in order to receive UAE work permits and were not reimbursed by their employer in a clear violation of the UAE law. Recently Deliveroo riders in Dubai went on a strike protesting service’s new payment policies. @kod_ae

📊Is NFT Market Down in 2022? // A new report from Chainanalysis suggests the market is set to grow even bigger in 2022, despite the crash it suffered in February. @kod_ae