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WATCH: Quebec wary of Bitcoin craze

Thursday, 19 April 2018

At a former cocoa factory in Canada's Quebec province, tiny holes punctured in the walls allow fresh outside air in to cool the thousands of whirring computer processors connected by a tangle of wires. Yessoulou Coulibaly watches over the more than 7,000 computers hidden away at Bitfarms in the nondescript warehouse in Saint-Hyacinthe's industrial park east of Montreal. He is among the cryptocurrency miners flooding Quebec in a bid to transform the Canadian province into the Silicon Valley of ...

Amazon launches international shopping from United States

Wednesday, 18 April 2018

Amazon.com Inc has launched an international shopping feature that will enable customers across the world to shop more than 45 million items that can be shipped to their country from the United States. The international shopping feature, which is available on a mobile browser and the mobile app for both iOS and Android devices, has been extended to users to purchase products outside their home markets and is available in five languages, including Spanish, English, simplified Chinese ...

Saudi cyber federation to roll out innovation hub centers powered by Google

Tuesday, 17 April 2018

The Saudi Cyber Security and Programming Federation has signed a final agreement with Google to set up an Innovation Hub, seeking to develop and train local talent in the production of prototypes, mobile application design and artificial intelligence. The agreement aims at setting up five innovation hub centers powered by Google across Saudi Arabia to train talent and enhance joint efforts to develop national capabilities in advanced software. The first of these will be at the ...

Saudi Arabia tops Arab world with registration of 664 patents in 2017

Tuesday, 17 April 2018

Saudi Arabia has made giant strides in the field of patent registration, beating many countries, with a rank of 23 from among 92 countries in 2017.According to figures released by the United States Patent and Trademark Office (USPTO), 664 Saudi patent registrations were made in 2017, accounting for double the number of patents obtained by Arab countries altogether.The Saudi leap in the field of invention was attributed mainly to the Kingdom’s Vision 2030. The Kingdom continued its progress ...

Germany closing in on deal to buy Israeli weapons-capable drone

Saturday, 14 April 2018

Germany is close to finalizing a deal that will see the country buy its first weapons-capable drone aircraft – an Israeli designed model – from European aerospace giant Airbus.The deal, worth nearly 900 million euros including training and maintenance costs, has been politically contentious because of fears that having combat drones might make Germany more likely to participate in military action abroad.In a written response to questions from opposition Left party lawmaker Andre ...

Bitcoin declared halal by Indonesian Islamic scholar

Friday, 13 April 2018

A recent study conducted by an Islamic scholar at Blossom Finance in Indonesia has claimed that the Bitcoin cryptocurrency is permissible under Islamic Sharia Law. On Friday, the price of Bitcoin went up by more than $1,000 with some analysts claiming that the study helped peak the currency’s status, reported The Independent. According to the article, scholar Muhammad Abu-Bakar “explored the functionality of bitcoin and other cryptocurrencies to determine whether they fit with ...

‘My mistake, I’m sorry,’ Facebook’s Zuckerberg to tell Congress

Monday, 9 April 2018

Facebook chief Mark Zuckerberg will accept responsibility for the social network’s failure to protect private data and prevent manipulation of the platform, according to testimony released on the eve of his first Congressional appearance.“We didn’t take a broad enough view of our responsibility, and that was a big mistake. It was my mistake, and I’m sorry,” Zuckerberg said in his written testimony released by a House of Representatives panel. “I started ...

Egyptian court allows Uber and Careem to continue operations

Saturday, 7 April 2018

An Egyptian court ruled on Saturday that a judicial decision to suspend the licenses of ride-hailing companies Uber and Careem should not be applied, allowing them to continue their work, judicial sources said. Forty-two Egyptian taxi drivers filed a lawsuit in the administrative court a year ago against US-based Uber and its Dubai-based competitor Careem, arguing they were illegally using private cars as taxis. They also claimed that the two firms were registered as a call center and an ...

Saudi Crown Prince, Richard Branson tour Mojave Air and Space Port

Monday, 2 April 2018

Saudi Crown Prince Mohammed bin Salman arrived at the Mohavi Air and Space Base in the California desert. He was greeted by British businessman and Virgin Group Founder Richard Branson, who accompanied him on a tour of the base. The Prince's tour includes access to modern technologies that have never been revealed, including a spacecraft and a project of tunnels that can travel between long distances and other projects as well. Mojave is also the home of the National Test Pilot School, ...

Philippine banks on alert after cyber attack at Malaysia central bank

Sunday, 1 April 2018

The Philippine central bank has sounded an alert to local financial institutions following a cyber attack at the Malaysian central bank, in which hackers sought to steal money using fraudulent wire transfers, its governor said on Saturday. Bank Negara Malaysia (BNM) has said no funds were lost in the incident, which it identified on Tuesday, and involved falsified wire-transfer requests over the SWIFT bank messaging network, the latest in a series of electronic heists at financial institutions ...

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