In the News

Theranos founder faces 20-year jail sentence for defrauding investors

On Friday, a final decision regarding Elizabeth Holmes’ punishment for her part in Theranos’ demise…

Layoffs started and will continue moving ahead, Amazon CEO says

A “tough environment,” which had been anticipated, has led to job losses at Amazon, the…

News Round-Up | October – Crypto & Digital Assets

Crypto Exchange FTX to provide $6m phishing compensation The phishing incident involving a third-party website…

Hacker gets $50m in heist of DeFi’s Mango

After allowing the hacker to keep about $50 million of the assets, the community of…

News Round-Up | October – Cybersecurity

Hacker who stole Ed Sheeran music is jailed Sheeran’s music and 12 songs by the…

News Round-Up | October – Funding in Tech

Aramco launches Taleed program to accelerate SME growth in Saudi Arabia Aramco announced the launch…

News Round-Up | October – UAE

G42-owned Bayanat set to raise $171m from IPO G42, an artificial intelligence and cloud computing…

Zomato to terminate food delivery services in the UAE

Some employees in the emirates will lose their jobs as a result of Zomato’s planned…

Floward acquires perfume brand Mubkhar

Floward, the go-to online flowers and gifts destination in MENA and UK announced it has…

Elon Musk warns Twitter staff of potential banktrupcy

According to a person familiar with the situation, Elon Musk acknowledged that bankruptcy was a…