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Technology

Bahrain’s ties with top ICT firms ‘help achieve national goals’

  Bahrain’s cooperation with leading organisations in the information and communication technology (ICT) field, including Microsoft, has played a pivotal role in achieving national goals and backing digital transformation, said an expert. The renewal of the strategic partnership with Microsoft would contribute to facilitating the country’s transition to the digital era, and would enhance efforts […]

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US

Dubai firms board the metaverse to improve customer engagement

DUBAI: Top Dubai-based companies are racing against time to build metaverse or immersive virtual worlds to bolster their sales prospects and disrupt customer experiences in their respective industries. Realty major Damac has invested up to AED367 million ($100 million) to develop and monetize a metaverse that could allow potential customers to check into their luxury properties […]

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Automotive

Car parking farce: Drivers hit with 8.6million parking tickets by private firms

Private parking firms have previously been accused of using misleading and confusing signage, aggressive debt collection and unreasonable fees. The code of practice, which was due to come into force before 2024, stated that the cap on tickets for some parking offences should be halved to £50. The withdrawal pending a review of charges could […]

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Automotive

‘Rip off!’ Outrage as private parking firms issue 23,000 fines every DAY

The rate of tickets issued averaged 23,000 every day between April 2021 and March 2022, analysis of Driver and Vehicle Licensing Agency (DVLA) data indicated – an increase of more than 50 percent compared with four years earlier. Last month, the Government withdrew a long-awaited code of practice aimed at eradicating some of the sector’s […]

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US

Failure to invest in metaverse could see firms fall behind

Failure to invest in metaverse could see firms fall behind The West Australian Source link

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UK

Royal Family LIVE: ‘Wrong move’ Fury at Firm’s ‘terrible’ choice to avoid upsetting Meghan

Meghan Markle and Prince Harry have been offered TV deals following their Jubilee attendance, according to Royal expert Neil Sean. Speaking in a recent upload on his YouTube channel, Mr Sean claimed: “All the TV broadcasters around the world are looking to put together specials on the Platinum Jubilee, particularly for their year-end things. “American […]

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US

Firms must learn first how Web3.0 will impact operations, profit: Report

SINGAPORE: As entrepreneurs make a beeline to launch Blockchain and Web3.0 startups, an IDC study has said that firms need to first gain a clear understanding of the current technology and how it will impact their shift towards Web3.0. Over the last few years, there have been concerted efforts to build an efficient, decentralised, and […]

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UK

Oil Firms Looking to Build 1GW Floating Offshore Wind Farm in Norway

Five oil and gas companies in Norway, partners in the Troll and Oseberg fields in the North Sea, are looking to build a 1GW floating wind farm in the Troll area, with the plan to use the wind farm to power oil and gas installations. The final investment decision could be made in 2023. The […]

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Finance

Turkish bank regulator limits lira loans for firms holding foreign exchange

Turkish companies could be forced to start selling their foreign currency holdings after a new directive was issued that bankers and analysts described as a fresh step down the path towards capital controls. The Turkish banking regulator announced on Friday night that banks would be banned from extending new local-currency loans to groups with significant […]

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Business

Republican draft bill would tighten rules for finance firms using customer information

Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images A new draft bill from House Financial Services Ranking Member Patrick McHenry, R-N.C., lays the groundwork for how the GOP will tackle financial data […]