The agreement lets SoftBank and other firms invest up to $1 billion in Uber, and proceed with a tender offer in coming weeks to buy up to $9 billion in shares from existing investors.
News, Telecoms
Oman’s Ooredoo connects 77,000 homes with ‘super fast’ fibre broadband
Oman-based telecom provider Ooredoo has provided 77,000 homes across the Muscat region with super fast fibre home broadband from the existing fast home broadband. 0 5632
UAE Government, WEF launch initiative to develop AI-powered services
The initiative seeks to deliver accurate forecasts on future developments in the field of AI and adopt the necessary tools to benefit from the transformations brought about by the technology.
Bahrain hosts youth innovation event with Microsoft, BDB
The Youth Leadership Programme, held in partnership with Microsoft and Bahrain Development Bank (BDB), took place between August and November as part of the Youth City 2030 initiative at the International Exhibition and Conventions Centre.
UAE delivery app ‘el Grocer’ now available in Arabic
This latest announcement signifies el Grocer as the first grocery delivery app to be made available in Arabic in the UAE.
Smart gates at DXB to slash immigration time to ‘5 seconds’
With the installation of 120 new smart gates at all terminals, the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai is expecting around 40 per cent of travellers to use the smart gates.
Oman’s Wadi Accelerator Programme to enhance tech startup support
Oman Technology Fund (OTF) has launched the Wadi Accelerator Programme – an innovative three-month startup programme that brings together regional talent and global expertise.
DEWA appoints 5 robots as customer service employees
The move comes as part of its continuous quest to envision the future through the development of mechanisms that enrich the experience of customers, and contribute to the provision of seven-star quality services at its Customer Happiness Centres.
Transformation Talk | Weekly news round up 09.11.17
Transformation Talk gives you a weekly roundup of the biggest news in the technology industry.
OIC to establish Cybersecurity Centre to combat cyberterrorism
The Organisation of Islamic Cooperation, OIC, has announced that it is on the path of making real progress towards establishing a Cybersecurity Centre.
Uber enhances app features to improve experience of Dubai drivers
The company said in a statement that the new features, which are being rolled out across the MENA region, aim to address three key areas: flexibility, efficiency and earnings.