Digital Economy – No Censor http://nocensor.org/ Wed, 05 Oct 2022 06:43:34 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://nocensor.org/wp-content/uploads/2021/05/default1.png Digital Economy – No Censor http://nocensor.org/ 32 32 Emirates News Agency – UAE government promotes collaboration with global companies to drive digital transformation and development https://nocensor.org/emirates-news-agency-uae-government-promotes-collaboration-with-global-companies-to-drive-digital-transformation-and-development/ Wed, 05 Oct 2022 06:43:34 +0000 https://nocensor.org/emirates-news-agency-uae-government-promotes-collaboration-with-global-companies-to-drive-digital-transformation-and-development/ DUBAI, 5th October, 2022 (WAM) — The Office of the Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications has signed with Cisco, a global leader in networking, collaboration and cybersecurity, a collaborative framework expanding Cisco’s National Digital Acceleration (CDA) program in the UAE. The MoU aims to improve working models between […]]]>

DUBAI, 5th October, 2022 (WAM) — The Office of the Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications has signed with Cisco, a global leader in networking, collaboration and cybersecurity, a collaborative framework expanding Cisco’s National Digital Acceleration (CDA) program in the UAE.

The MoU aims to improve working models between government entities and private companies (PPTs) by designing and launching several key initiatives enhancing the UAE’s digital transformation vision and accelerating the development of the digital economy of the country.

The signing of the MoU took place in the presence of Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications; and Reem Asaad, vice president, Middle East and Africa at Cisco. The MoU was signed by Saqr bin Ghalib, Executive Director of the Artificial Intelligence, Digital Economy and Remote Work Applications Office, and Abdelilah Nejjari, General Manager for the Gulf Region at Cisco.

Commenting on the collaboration, Al-Olama highlighted the UAE government’s desire to enhance and promote PPTs with leading companies around the world, saying, “Driving collaborations with the private sector is the one of the main pillars to execute the UAE’s strategy in the development of the digital sector, which aims to double the contribution of the digital economy to the country’s non-oil GDP by 2031 and create a proactive leading future. “

He said: “To strengthen the UAE’s position as a hub for the digital economy in the region and globally, we need to focus on key areas. These pillars cover harnessing the power of emerging technologies in key industries, promoting digital skills and talents and adopting approaches in work models in alignment with prioritizing well-being in the UAE.Our goal is to boost the digital journey of the UAE united, which will be conducted in such a way that privacy and safety come first.”

Cisco’s CDA program is aligned with the UAE’s national agenda to transform the country’s economic model towards sustainable growth by transitioning to a digital economy. It aims to support digitization efforts in various key industry sectors, foster digital skills and develop the innovation ecosystem in the country to achieve the UAE’s 2071 Centenary Vision for digital transformation.

Asaad, in turn, said, “The UAE’s visionary leadership is enabling the country to become one of the most prosperous nations by pioneering the new digital age. With Cisco’s Country Digital Acceleration program, I’m proud that Cisco has the opportunity to support the UAE’s national agenda by unlocking the value of digitalization. Today’s announcement is another key milestone in our journey with the UAE government to drive the entire innovation ecosystem to extract maximum value from digitalization.”

The MoU focuses on digital acceleration for SMEs (small and medium-sized enterprises) through advanced technologies that improve competitiveness and efficiency; paving the way for new work environments in key sectors such as healthcare, education and public services, while leveraging the power of hybrid working to improve productivity and the experience; and developing skills and establishing national training programs to meet the future challenges of a digital workforce. For this, Cisco will rely on its proven program Cisco Networking Academy (NetAcad).

Furthermore, it aims to advance national digital infrastructure to support foundational services needed by the UAE to accelerate its digital transformation, such as smart cities and cybersecurity roadmaps; Advanced field operations by leveraging Industry 4.0 technologies to help transform critical national infrastructure by advancing network automation, monitoring, control, safety and security capabilities; and improve digital security in the UAE by collaborating with stakeholders at the federal level and across critical national infrastructure.

The Cisco CDA program was launched in the United Arab Emirates in 2018 to accelerate digital transformation, drive innovation, and drive digital skills development. Since its inception, more than 15 projects have been implemented under the program. Key initiatives included building an advanced teleconsultation services platform for a local healthcare provider, an AI-enabled smart classroom project with a leading university, and the first physical concept store and digital fully functional in the region.

The Cisco CDA program is a strategic partnership with governments around the world to accelerate their national digitization programs and create new value for the country, its businesses, and its citizens.

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Pantami leads Africa to victory in ITU elections – TechEconomy Nigeria https://nocensor.org/pantami-leads-africa-to-victory-in-itu-elections-techeconomy-nigeria/ Sat, 01 Oct 2022 07:47:10 +0000 https://nocensor.org/pantami-leads-africa-to-victory-in-itu-elections-techeconomy-nigeria/ Nigerian Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami), Friday 30e September 2022, played a pivotal role in ensuring that Africa won a high-level seat on the leadership team of the International Telecommunication Union (ITU). According to Uwa Suleiman, the minister’s spokesperson, the hotly contested post of director of the Union’s Telecommunications […]]]>

Nigerian Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami), Friday 30e September 2022, played a pivotal role in ensuring that Africa won a high-level seat on the leadership team of the International Telecommunication Union (ITU).

According to Uwa Suleiman, the minister’s spokesperson, the hotly contested post of director of the Union’s Telecommunications Development Bureau, between Africa, the Bahamas and the Middle East, which has been the subject of a third ballot, resulted in the emergence of Dr. Cosmas Zavazava of Zimbabwe as the winner.

The elections, which had been deadlocked after delegates voted twice with none of the candidates reaching the ninety-one votes required to win, were postponed by Plenary Chairman Sabin Samas, to Monday, October 3, 2022.

The head of the Nigerian delegation to the ITU 2022 Plenipotentiary Conference, Professor Pantami, then took the floor and protested against the postponement which he pointed out would disenfranchise the continent as the number of candidates eligible to vote would then be considerably reduced, as most would have done. returned to their various countries.

He insisted that the elections be repeated in a historic third round.

Pantami brings congratulations from delegates for leading Africa to victory in ITU elections

“It would be unfair to Africa if the elections were postponed, as many delegates would have returned to their respective bases by Monday. On behalf of Africa, I insist that the elections be re-run immediately, in order to give a fair chance to all the candidates and I request that the plenary consider this request valid in the interest of Africa and all parties concerned”.

After deliberations, the plenary accepted his request and the process was repeated.

Following his request which was met with a thunderous ovation by the participants, candidates from The Gambia, Pakistan, Cameroon, Congo and Zambia withdrew their candidacies, paving the way for Africa to present a candidate of consensus that ultimately won the elections.

Pantami at ITU
Pantami brings congratulations from delegates for leading Africa to victory in ITU elections

With this victory, Dr. Cosmas Zavazava becomes the only African currently holding a position on ITU’s leadership team and a formidable voice for Africa, in driving the continent’s worst-case digital transformation agenda. served.

It is worth recalling that Professor Pantami, the Nigerian Minister of Communications and the first in the history of the digital economy, has worked tirelessly for the inclusion of Africa in global political affairs, especially in the sector, since his appointment as President of the World Summit on the Information Society. (WSIS) at the ITU.

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Crypto Oasis to Host Three Web3-Related Sessions at Dubai Metaverse Assembly https://nocensor.org/crypto-oasis-to-host-three-web3-related-sessions-at-dubai-metaverse-assembly/ Thu, 29 Sep 2022 10:55:48 +0000 https://nocensor.org/crypto-oasis-to-host-three-web3-related-sessions-at-dubai-metaverse-assembly/ Crypto Oasis will host three sessions at the Dubai Metaverse Assembly, taking place September 28-29, 2022 at the Museum of the Future. The Dubai Metaverse Assembly is expected to bring together regional and international experts in Dubai to shape the future of the Metaverse. The first session with Meta Decrypt will be a discussion titled: […]]]>

Crypto Oasis will host three sessions at the Dubai Metaverse Assembly, taking place September 28-29, 2022 at the Museum of the Future.

The Dubai Metaverse Assembly is expected to bring together regional and international experts in Dubai to shape the future of the Metaverse.

The first session with Meta Decrypt will be a discussion titled: Design Thinking – The Digital Economy in the Metaverse. This will be a rich and engaging discussion on creating a more participatory economy and will also discuss a wide range of use cases for the metaverse, from strategy to execution. Especially since a fully realized metaverse is expected to not just be a part of the digital economy, but to be its own quasi-independent economy, which could end up reweaving the fabric of the world. digital.

The second session will be a roundtable on venture capital in the metaverse. The participants will be the following:
• Valerie Hawley – True Global Businesses
• Jawad Ashraf – Virtua
• Domenik Maier – iBloxx
• Saqr Ereiqat – Cryptographic Oasis

The metaverse is a venture capitalist’s dream. The metaverse represents a real opportunity for innovation and significant returns for startups. VCs around the world recognize that it has the potential to be a multi-trillion dollar market. With advancements in bandwidth, chips, software, and new (hardware) platforms, the adoption of the metaverse is expected to increase, which is why there is an abundance of capital in this space.

The final session will be a thought leadership talk by Crypto Oasis co-founder Saqr Ereiqat titled: Web2 is Silicon Valley, Web3 is Crypto Oasis. Speaking about the Crypto Oasis event and sessions, Ereiqat said, “The Dubai Metaverse Assembly is another step towards transforming the UAE into the premier digital economy. The “Digital Economy Strategy” aims to double the contribution of the digital economy to the gross domestic product (GDP) of the UAE from 9.7% in April 2022 to 20% by 2031. It also aims to strengthen the UAE’s position as a hub for the digital economy in the region and globally, as we are already witnessing and supporting an influx of intellectual resources into the UAE.

“We believe that an ecosystem consists of talent, capital and infrastructure, with the UAE bringing these 3 together, so we coined the MENA region as Crypto Oasis. During the Dubai Metaverse Assembly, we are proud to organize 3 sessions to educate, inspire and contribute. Today, Crypto Oasis, with the United Arab Emirates at its heart, is pushing the boundaries of the Web3 space. While Web 2 was primarily based in Silicon Valley, events like the Dubai Metaverse Assembly and others will ensure that Web 3 is the crypto oasis.

The assembly of the Metaverse will cement Dubai’s position as the world capital of the Metaverse as it seeks to leverage Dubai’s digital infrastructure and support global transformations and disruptions. The flagship event will explore the digital economy and identify opportunities to help startups, entrepreneurs, communities, investors and governments unlock the limitless potential of the metaverse to create a bolder future. Crypto Oasis is thrilled to be part of this first-of-its-kind event that will see the world’s leading metaverse experts converge in Dubai.

Read: Crypto Valley Association and Crypto Oasis Partner to Boost Blockchain Development in the Middle East

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China ready to promote WTO reform with other G20 members: Ministry of Commerce_英语频道_央视网(cctv.com) https://nocensor.org/china-ready-to-promote-wto-reform-with-other-g20-members-ministry-of-commerce_%e8%8b%b1%e8%af%ad%e9%a2%91%e9%81%93_%e5%a4%ae%e8%a7%86%e7%bd%91cctv-com/ Sun, 25 Sep 2022 02:53:50 +0000 https://nocensor.org/china-ready-to-promote-wto-reform-with-other-g20-members-ministry-of-commerce_%e8%8b%b1%e8%af%ad%e9%a2%91%e9%81%93_%e5%a4%ae%e8%a7%86%e7%bd%91cctv-com/ File photo shows the exterior view of the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland. (Photo by Li Ye/Xinhua) BEIJING, Sept. 24 (Xinhua) — China stands ready to work with other Group of 20 (G20) members to promote World Trade Organization (WTO) reform and achieve the United Nations’ Sustainable Development Goals. , […]]]>

File photo shows the exterior view of the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland. (Photo by Li Ye/Xinhua)

BEIJING, Sept. 24 (Xinhua) — China stands ready to work with other Group of 20 (G20) members to promote World Trade Organization (WTO) reform and achieve the United Nations’ Sustainable Development Goals. , according to an official from the Ministry of Commerce (MOC).

Wang Shouwen, Vice Minister of Commerce and China’s International Trade Representative to the MOC, made the remarks via video link at the G20 Trade, Investment and Industry Ministerial Meeting held in Indonesia from Thursday to Friday.

Adhering to its new development philosophy, China is committed to fostering green development partnerships, carrying out international investment cooperation and promoting the green development of the Belt and Road, said Mr. .Wang.

To build a global community of health for all, China has cooperated with more than 120 countries and regions on vaccines, Wang said.

As part of efforts to advance industrial digitalization and digital industrialization, China is advancing its process of joining the Digital Economy Partnership Agreement and strengthening international cooperation on digital economy, according to the deputy minister.

Wang called on all parties to oppose unilateralism and protectionism and avoid adopting discriminatory policies and measures that could distort global investment, industrial chains and supply chains.

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Digital downloads merchant Gembyte gears up in Asia https://nocensor.org/digital-downloads-merchant-gembyte-gears-up-in-asia/ Fri, 23 Sep 2022 07:00:00 +0000 https://nocensor.org/digital-downloads-merchant-gembyte-gears-up-in-asia/ TALLINN, Estonia, Sept. 23, 2022 (GLOBE NEWSWIRE) — Estonian digital download merchant Gembyte announces that it will begin accepting customers from the wider Asian market, including Japan. The company will begin accepting customers in select jurisdictions first, while its expansion is expected to continue in 2023. While expanding its global offering, the company itself and […]]]>

TALLINN, Estonia, Sept. 23, 2022 (GLOBE NEWSWIRE) — Estonian digital download merchant Gembyte announces that it will begin accepting customers from the wider Asian market, including Japan. The company will begin accepting customers in select jurisdictions first, while its expansion is expected to continue in 2023. While expanding its global offering, the company itself and its day-to-day operations will continue to be domiciled in Tallinn, the paradise Web 3.0, Estonia.

Gembyte is an online merchant specializing in the sale of virtual goods and digital downloads, geared towards the competitive esports market. Gembyte offers competitive pricing based on current market value. All products are selected and sourced, then subject to individual resale. Today, the focus is primarily on Counter-Strike skins and items, but the offering is expected to expand as the virtual goods platform grows. Still, Counter-Strike is in a league of its own. According to the official Steam Charts, in early 2022, between 430,000 and 800,000 people were playing CS:GO simultaneously across all devices.

Booming virtual economies

The release of Blizzard Entertainment’s World of Warcraft in 2004 and its subsequent huge success around the world forced both MMORPGs and their secondary markets into mainstream awareness. In its wake, games like Counter-Strike: Global Offensive, Fortnite, Dota, and League of Legends followed, each deeply tied to the digital economy.

In 2001, EverQuest gamers Brock Pierce and Alan Debonneville founded Internet Gaming Entertainment Ltd, a company that offered virtual merchandise in exchange for real money. Today, real money trading in a virtual market has become a multi-billion dollar industry. Hundreds of companies have enjoyed huge success in this new market, with some virtual items selling for millions of dollars, such as Beeple’s NFT art project “Everyday” which grossed $69.3 million for the prestigious house of Christie’s UK auction in 2021.

Many studies have shown that important markets for virtual goods are emerging markets such as Eastern Europe, South America and Southeast Asia. South Korea is estimated to hold the largest share of the global real-money trading market, closely followed by countries like Japan. As such, Gembyte’s foray into Asian markets should come as no surprise: the virtual goods platform simply follows its target audience.

Gembyte.com is owned and operated by Gembyte International OÜ. The company was founded in 2021 and is headquartered in Tallinn, Estonia.

Contact information:
David Broc
PR relations officer
admin@gembyte.com

Related images

Image 1: Digital downloads merchant Gembyte gears up in Asia

Digital downloads merchant Gembyte is gearing up in Asia.

This content was posted through the press release distribution service on Newswire.com.

  • Digital downloads merchant Gembyte gears up in Asia

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Pantami Wins Top Performing Digital Minister Award https://nocensor.org/pantami-wins-top-performing-digital-minister-award/ Wed, 21 Sep 2022 07:12:44 +0000 https://nocensor.org/pantami-wins-top-performing-digital-minister-award/ In recognition of his performance in the Federal Government’s Digital Transformation and National Identity Program, the Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami), was awarded by the State Government of Abia as “the most successful digital minister of the year”. 2022”. The award, which was received on behalf of the Minister […]]]>

In recognition of his performance in the Federal Government’s Digital Transformation and National Identity Program, the Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami), was awarded by the State Government of Abia as “the most successful digital minister of the year”. 2022”.

The award, which was received on behalf of the Minister by the Director of Research and Development of the National Information Technology Development Agency (NITDA), Dr. Agu Collins Agu, is intended to commend him for the good work he has done in the ministry especially in the development of Nigeria. the digital economy by promoting the use of digital platforms.

The event is part of the activities marking the International Identity Day 2022, organized by the Government of Abia State through the Office of Special Assistant on Ecosystem of the National Management Commission of identity and related matters, Princess Glad Chidinma-Apugo Osoagbaka.

Professor Pantami commended the Governor of Abia State, Dr Okezie Victor Ikpeazu for the development of IT infrastructure in the State and the priority given to the private sector to integrate information and communication technologies. communication (ICT) in the activities of the different sectors. of Abia’s economy.

He said, “I accept this award and express my sincere gratitude to the government and people of Abia State and my fellow Nigerians for this recognition. It is also a great pleasure to receive this award on the day the world commemorates International Identity Day.

“I congratulate the team that organized this event. Abia State, Aba in particular, has a reputation as a thriving commercial and industrial center for different types of goods and services, and digital identity can greatly enhance trade and industrialization,” a- he added.

The Minister recalled that the United Nations Sustainable Development Goals include the ambitious goal that all people can obtain a legal identity by 2030 (SDG 16.9), adding that according to a May 2022 UNDP report, there is still a huge identity gap. with almost a billion people unable to prove who they are.

He added

that the United Nations Economic Commission for Africa has rightly noted that “digital identity and the digital economy are not only linked, but also reinforce each other, as digital identification is the basis of the digital economy. Digital ID can be an important catalyst for various development initiatives on the continent, impacting trade, governance, social protection, financial inclusion, domestic resource mobilization, as well as security and rights. of man.

Prof Pantami said digital identity is the fabric of the digital economy and by expanding the digital identity database, Nigeria has positioned itself to reap the benefits of embracing the economy. digital in a sustainable way.

According to him, Nigeria has seen a significant increase in enrollment from 41 million in August 2020, when the NIMC was placed under the ministry, to around 89 million in August 2022, or 48 million enrolment. over 24 months, a remarkable achievement in National Identification Number (NIN) issuance.

He said: “I had the privilege of speaking at the World Economic Forum (WEF) 2022, alongside WEF Chairman Kalus Schwab, and a recurring theme across the various sessions was the importance of economics. digital in all aspects of our lives. This awareness has become more evident following the COVID-19 pandemic. Along the same lines, as Chair of the World Summit on the Information Society (WSIS) 2022, I am leading efforts to promote the importance of the digital economy in achieving the Sustainable Development Goals United Nations.

“The digital economy has also proven to be a real platform for job creation. For example, in 2017 alone, the digital economy contributed 5.1 million jobs to the US economy. An official report in China also noted that the digital economy created 191 million jobs in the country in 2018, about 25% of the total employment generated that year,” he said.

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DOJ Antitrust Enforcer says there are no more easy vertical mergers for digital platforms https://nocensor.org/doj-antitrust-enforcer-says-there-are-no-more-easy-vertical-mergers-for-digital-platforms/ Mon, 19 Sep 2022 14:23:09 +0000 https://nocensor.org/doj-antitrust-enforcer-says-there-are-no-more-easy-vertical-mergers-for-digital-platforms/ Assistant Attorney General Jonathan Kanter, who heads the Justice Department’s Antitrust Division, is pushing for a stricter interpretation of US antitrust law to meet the demands of a new digital economy. Historically, the department has not exercised its full powers and interprets laws with caution. The tendency was to under-enforce the law. By the logic […]]]>

Assistant Attorney General Jonathan Kanter, who heads the Justice Department’s Antitrust Division, is pushing for a stricter interpretation of US antitrust law to meet the demands of a new digital economy.

Historically, the department has not exercised its full powers and interprets laws with caution. The tendency was to under-enforce the law. By the logic of the times, business monopolies correct themselves in time while miscarriages of justice cannot be undone, Kanter said last Friday at the Fordham Competition Law Institute’s annual conference in New York.

But this is no longer the case.

“We have all seen that in digital markets, monopolies are self-sufficient,” he said. “Platforms that are inherently collaborative become essential business partners for entire industries, and without competition have greater power to discourage rivalry.”

For one thing, he said the DOJ is rethinking its reliance on the app based on horizontal or vertical merger status. (Buying a business in a new category is a vertical deal, like AT&T’s one-time acquisition of WarnerMedia, whereas a horizontal merger, like the recently rejected merger of T-Mobile and Sprint, merges direct competitors. .)

For example, Susan Athey, chief economist for the DOJ’s antitrust division, recently co-authored an article on potential competition issues if a major platform were to acquire a multi-homing service, he said. People use multi-homing services to switch between multiple platforms from a centralized system or to manage accounts on multiple platforms simultaneously. If a monopolist acquired the technology, it could be a powerful tool to prevent competition, even if it were a vertical merger – which the DOJ historically interprets as kosher.

“We have been too limited by a self-imposed requirement to use our most powerful microscopes to examine an act of exclusion before intervening to stop it,” Kanter said. “We need a broader purpose and a greater will to pursue and remedy all harmful behavior that constitutes exclusionary behavior.”

Rather than simply cracking down on horizontal mergers and allowing vertical deals to pass, he said antitrust authorities should think more about how a deal or acquisition creates “a flywheel effect” that reinforces a monopoly.

Kanter also highlighted how digital platforms rely on collaboration and user engagement. They do not install physical networks of cables and telephone poles on a national scale, as in the case of the investigations of the old monopolies.

“Platforms that are fundamentally collaborative become essential business partners for entire industries, and without competition have greater power to discourage rivalry,” he said.

Digital platforms can also have mutually reinforcing monopolies, with special trade agreements that solidify multiple dominant firms and prevent competition. A notorious example is Google and Facebook’s “Jedi Blue” deal: Google allegedly offered Facebook one-time bidding rights and guaranteed access to inventory in exchange for shifting Facebook’s spending of the auction proceeds from open web header to Google’s closed system.

Apple and Amazon also have a complex web of partnerships. Amazon signed Apple as a first-party seller (essentially Amazon wholesales and then resells Apple products, which was unheard of for Apple). In return, Amazon cleaned up its platform of Apple resellers and also cracked down on competitors using Apple’s key search terms.

Shortly after that deal, Apple TV+ came to Amazon Fire TV, while Amazon Prime also launched on Apple TV and began allowing movie and TV subscriptions and purchases through Apple, apparently because ‘Apple charges Amazon a special, low subscription fee.

Digital platforms rely on collaboration in the sense that YouTube, Google, Amazon and others need users to make their platforms attractive and create network effects. But by collaborating exclusively with each other, they can establish strong monopoly positions.

“They can pick winners and losers in adjacent markets, discourage switching to competing services, and punish entrepreneurs who stray too far from competition,” Kanter said of new platform monopolies. “We have seen how exclusionary tactics harnessing this power can reinforce already dominant positions and drive the wedges around a digital castle.”

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Contactless payment penetration rate in Saudi Arabia is ‘94% of all digital transactions’ https://nocensor.org/contactless-payment-penetration-rate-in-saudi-arabia-is-94-of-all-digital-transactions/ Sat, 17 Sep 2022 22:58:36 +0000 https://nocensor.org/contactless-payment-penetration-rate-in-saudi-arabia-is-94-of-all-digital-transactions/ CAIRO: In a post-pandemic era, people have never been more aware of their well-being, including physical well-being and common health issues. COVID-19, on the other hand, has had a significant effect on technology. When quarantines and social distancing became a daily norm, people used digital technologies to interact with the world, especially in healthcare. The […]]]>

CAIRO: In a post-pandemic era, people have never been more aware of their well-being, including physical well-being and common health issues.

COVID-19, on the other hand, has had a significant effect on technology.

When quarantines and social distancing became a daily norm, people used digital technologies to interact with the world, especially in healthcare.

The result: the healthcare industry has become one of the fastest growing sectors in the world and has given rise to new business models such as telehealth and next-generation managed care. Arab News has compiled a list of the top 10 most funded health tech startups in the Middle East and North Africa region.

Vezeeta

Total funding: $73 million

Founders: Amir Barsoum and Ahmed Badr

Investors: BECO Capital, Silicon Badia, Vostok New Ventures, CE-Ventures of Crescent Enterprises, Endeavor Catalyst and STV

Headquarters: Egypt

Founded in 2012, Vezeeta offers appointment management software for doctors and healthcare providers to better manage their operations.

The company also provides patients with a free platform to book their appointments as doctors can opt into the platform using a subscription model.

In 2020, Vezeeta successfully secured $40 million in a Series D funding round to roll out new products and introduce its telehealth services.

Altibbi

Total funding: $52.5 million

Founders: Jalil Labadi and Abdel Aziz Labadi

Investors: Foundation Holdings, Hikma Ventures, Global Ventures and DASH Ventures

Headquarters: UAE

Founded in 2008, Atlibbi is a digital platform that allows users to receive medical consultations remotely and connect with professionals through calls and text chats.

The company has more than 10,000 physicians on its platform and has won the World Summit Award for Best Digital Health Content and the Schwab Foundation for Social Entrepreneurship.

In its most recent funding round, Altibbi raised $44 million in a Series B funding round in March 2022 to enhance its online pharmacy technology and services.

Bayzat

Total funding: $31 million

Founders: Talal Bayaa, Tarek Bayaa and Brian Habibi

Investors: Mohammed Bin Rashid Innovation Fund, Point72 Ventures, Mubadala, Beco Capital, Silicon Badia and Hamed Kanoo Co.

Headquarters: UAE

Founded in 2013, Bayzat is a web and mobile application that allows customers to buy and sell health insurance.

The company’s health technology platform compares health insurance and offers them the best options. Raising $16 million in a Series B funding round in 2019, the company used its funding to enable its technology to better serve its customers.

It also provides HR solutions for businesses.

GluCare Health

Total funding: $20 million

Founders: Ali Hashemi and Ihsan Almarzooqi

Investors: Polymath Ventures

Headquarters: UAE

Founded in 2020, GluCare provides in-clinic and virtual diabetes care for its patients through its data monitoring and artificial intelligence.

With the company’s app, patients can connect with a care team to monitor glucose, insulin, food intake and more.

Selfology

Total funding: $18 million

Founder: Tamer Wali

Investors: Xenel

Headquarters: UAE

Founded in 2020, Selfologi is an online aesthetic medical treatment platform that allows users to book appointments with doctors in areas like botox, hair removal, acne scars and more.

The company raised its $18 million investment in a round led by its founder and angel investor, Tamer Wali, with participation from international group Xenel.

Tamer Wali, founder of Selfologi.

Okadoc

Total funding: $12 million

Founders: Fodhil Benturquia

Investors: Abu Dhabi Investment Office, Ithmar Capital and iGan Partners

Headquarters: UAE

Founded in 2018, Okadoc is an appointment booking platform provider that allows people to search for the nearest clinic, practitioners, and hospitals.

In 2020, the company closed its $10 million Series A funding, expanded its operations, and promoted its telehealth offering and virtual consultations.

Yodawy

Total funding: $8.5 million

Founders: Karim Khashaba, Yasser Abdel Gawad and Sherief El-Feky

Investors: Global Ventures, MEVP, Algebra Ventures, CVentures, P1 Ventures and Athaal Angel Investors Group

Headquarters: Egypt

Founded in 2018, Yodawy is a virtual pharmacy providing a marketplace for people who want to access medication with over 3,000 pharmacies.

In mid-2021, the company secured $7.5 million in a Series B funding round to build its digital marketplace to serve its wide range of customers.

Aumet

Total funding: $8.5 million

Founders: Yahya Aqel and Shahed Altawafsheh

Investors: 500 Startups, Right side capital, TechStars, Shorooq Partners and Plug and Play

Headquarters: Saudi Arabia and Jordan

Created in 2020, Aumet is a B2B marketplace for healthcare providers to purchase supplies from retailers. In 2020, the company raised $1.25 million in a seed funding round and did not disclose subsequent investments.

Medsian

Total funding: $5 million

Founders: Hamed Ahmadi and Sina Torabi

Investors: Merus Capital, Naples Technology Ventures and Candou Ventures

Headquarters: UAE

Founded in 2018, Medsien is a chronic care management platform for healthcare professionals operating in the United Arab Emirates and the United States.

In its seed funding round, the company raised $4.3 million to expand its presence in the United States and expand its offerings.

Health at your fingertips

Total funding: $4 million

Founder: Charlie Barlow

Investors: Simon Charlton and Rockfirst Capital

Headquarters: UAE

Born in 2015, Health at Hand is a mobile application that facilitates virtual consultations for patients suffering from non-emergency conditions such as colds, coughs and others.

The company raised its full funding in a funding round in 2017 to further develop its technology and introduce its subscription model.

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5G: An answer for a prosperous economy in South Africa https://nocensor.org/5g-an-answer-for-a-prosperous-economy-in-south-africa/ Thu, 15 Sep 2022 22:12:32 +0000 https://nocensor.org/5g-an-answer-for-a-prosperous-economy-in-south-africa/ Since the late 1700s, manufacturing has transformed economies and societies. The key element that has made it work and thrive is nothing more than innovation and smart design. Manufacturing representing nearly 12%[1] of South Africa’s GDP, there are strong arguments to be made regarding the value of innovation. Delivered in 5G: networks that provide manufacturers […]]]>

Since the late 1700s, manufacturing has transformed economies and societies. The key element that has made it work and thrive is nothing more than innovation and smart design. Manufacturing representing nearly 12%[1] of South Africa’s GDP, there are strong arguments to be made regarding the value of innovation.

Delivered in 5G: networks that provide manufacturers with the ability to enable intelligent operations and take full advantage of technologies such as automation, artificial intelligence, augmented reality for troubleshooting and the Internet of Things ( IoT). According to Ericsson’s The 5G Business Potential study, the projected addressable market in 2026 will be USD 113 billion, representing substantial potential revenue growth of 7% over current service revenue forecasts.

Drive operational efficiency across all sectors

Global mining exploration budgets increased by 35% to $11.24 billion according to S&P’s 2022 World Exploration Trends report[2] which is a significant indicator, given that South Africa has the largest reserves of platinum group metals. South Africa’s commercial ports also play a vital role in the national economy as an enabler of trade – a host of development opportunities are on the table.

Cellular networks bring unprecedented optimization value to port and mining sites, delivering a new level of process and operational efficiency that lowers costs, lowers environmental impact and increases economic value. By merging cellular technology with Industry 4.0 technologies, these industries can create agility, advance operations, and use real-time data to increase operational efficiency. The ports of Livorno and Rotterdam, for example, which we have helped enable IoT, have reported that optimizing ship berthing has resulted in an average cost reduction of 20% per year, equivalent to approximately 2.5 million euros.

Port and mining are perhaps just two of countless industries that could benefit from digital technologies. And with commercial 5G networks focused on consumer and personal communications already present around the world, the next wave of 5G expansion will allow businesses of all types to reap the benefits of mobility, flexibility, improved reliability and security – taking IoT and industrial applications to new levels.

The need for game-changing cellular innovation

As the world moves towards Industry 4.0, the increased adoption of mobile broadband will become an essential part of the economy of most countries and cellular networks will play a key role in sectors such as education, health, manufacturing and many more. However, cellular technology faces significant adoption challenges in Africa, such as low urbanization and large capital investment needs. We have been working on innovative radio technologies to help the country’s telecommunications sector meet these challenges.

One of our latest additions on this front is the 6626 radio which combines two frequencies and six ports in a single unit, allowing a single radio to power all three sectors of the tower. Supporting all standards from 2G to 5G, the 6626 radio brings significant reductions in power consumption, weight, volume and cabling requirements. Cellular innovations such as the 6626 radio reduce operating costs and help communications service providers (CSPs) efficiently expand South Africa’s cellular capabilities.

With 5G networks being up to 10 times faster than 4G, energy performance has become a key requirement for the network. We can create significant energy savings by driving grid innovation and modernization. Addressing network energy consumption and carbon emissions requires an integrated approach that goes beyond the performance of individual products and addresses the entire network.

By basing our 5G infrastructure on ultra-lightweight designs and Massive MIMO (multiple-input, multiple-output) techniques, we are rethinking the ways to build, operate and manage networks in smarter and more strategic ways. As Africa moves towards a digital-driven future, we are determined to foster such cellular innovations that help break the energy curve.

On the road to 5G readiness

There has been strong digital transformation momentum in South Africa. As digitalization increases in the country, greater amounts of contiguous spectrum enabling large bandwidths in a wide range of frequencies will become necessary to meet the capacity and coverage needs of cellular networks powering transformational digital technologies.

Over the past few years, we have seen South Africa focus considerable effort on this issue and actively work to improve 5G policies and regulations to help the country stay equipped for the digital age. A recent example is the Independent Communications Authority of South Africa (ICASA) which launched a three-stage 5G spectrum auction earlier this year. South Africa’s efforts to accelerate spectrum auctions and new spectrum allocations will undoubtedly maximize the economic benefits of cellular technology in the country and ensure that the country’s cellular networks exuberate maximum performance and global competitiveness. .

We believe that collaboration is key to achieving transformative change at scale and since our inception in Africa, we have spent tremendous time and effort collaborating with regional partners to define the open standards that enable communications and advanced connections on the continent. With a commitment to continue to work closely with telecom operators across South Africa, we hope to build a strong digital ecosystem that enables sustainable growth and propels the realization of a thriving digital economy in South Africa. .

[1] https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?end=2021&locations=ZA&start=1960&view=chart

[2] Report: Global Exploration Trends 2022

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Economic development of the Indo-Pacific? Pass the IPEF https://nocensor.org/economic-development-of-the-indo-pacific-pass-the-ipef/ Tue, 13 Sep 2022 15:20:00 +0000 https://nocensor.org/economic-development-of-the-indo-pacific-pass-the-ipef/ The eyes of the U.S. business community were on Los Angeles last week as trade officials from 14 countries gathered for the first in-person Indo-Pacific Economic Framework (IPEF) ministerial meeting. The stakes are high: The Indo-Pacific is the largest and most dynamic economic region in the world, and American workers, farmers and businesses find its […]]]>

The eyes of the U.S. business community were on Los Angeles last week as trade officials from 14 countries gathered for the first in-person Indo-Pacific Economic Framework (IPEF) ministerial meeting. The stakes are high: The Indo-Pacific is the largest and most dynamic economic region in the world, and American workers, farmers and businesses find its vast opportunities attractive.

At the same time, it has been a decade since the United States added to the list of 20 countries with which it has concluded comprehensive trade agreements. Even though other countries have signed dozens of preferential trade pacts that benefit their domestic producers, the United States has stood still – and we risk falling behind.

In addition, China’s burgeoning trade ties across the Indo-Pacific and around the world, the challenge posed by its model of state capitalism, and the disruptions to the global economy caused by the unprovoked invasion of Ukraine by Russia underscore the need for the United States to return to the offensive. Trade.

All of this generates strong support for IPEF, in principle – but questions remain:

What exactly will IPEF do? The administration says the IPEF is a new kind of trade deal it hopes to negotiate in just a year or two. It is organized around four pillars:

  • Connected economy: Led by the Office of the United States Trade Representative, this pillar will address trade, the digital economy and emerging technologies, labor commitments, trade facilitation, transparency and good regulatory practices;
  • Resilient economy: Led by the Department of Commerce (like the two remaining pillars), this effort will involve commitments related to supply chain security, including early warning systems, mapping of critical mineral supply chains , improving traceability in key sectors and coordinating diversification efforts to prevent supply chain disruptions;
  • Clean economy: This pillar will address climate and energy transition with commitments to renewable energy, carbon removal and additional climate-related initiatives; and
  • Fair economy: This pillar will focus on the promulgation and application of tax, anti-money laundering and anti-corruption laws and standards.

Who participates ? Fourteen Indo-Pacific countries are participating: Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States and Viet Nam.

All 14 countries participate in all four pillars, with one exception: India declined to join the trade pillar. India’s Trade and Industry Minister Piyush Goyal has expressed concern that potential trade pillar rules on environment, labor and digital trade could “discriminate against developing countries”, but he left the door open for possible further participation.

What about tariffs and market access? US officials argue that some IPEF rules will create new access to foreign markets for US exporters, for example by eliminating technical or non-scientific barriers to trade. However, the administration refused to consider the reciprocal elimination of tariffs in the IPEF.

The reasons for this refusal seem to include: the opposition of the unions; the fact that a tariff-waiver trade pact would require congressional approval (which they say their IPEF vision won’t do); and public servants’ sense that “we actually live in a fairly liberalized world as it is,” as US Trade Representative Katherine Tai told a Senate committee earlier this year.

What is the cost of exclusion from market access? For many American workers, farmers and businesses, ending foreign tariffs and locking in access to foreign markets is critical to their business competitiveness. Many Indo-Pacific countries maintain high tariffs on major US exports. Especially with other countries signing dozens of new trade pacts, U.S. agriculture and manufacturing could find themselves at a serious disadvantage compared to their foreign competitors. For these reasons, dozens of Democrats and Republicans in Congress have urged the administration to change its position.

Closing the door on traditional market access presents other challenges. After all, foreign governments in the past have only pledged to abide by the high-level trade rules the United States stands for when enticed by the prospect of new market access. Moreover, it is the threat of revoking access to the US market that makes our trade agreements binding.

What is the United States Chamber looking for? The United States Chamber presented its recommendations for IPEF in April, with specific contributions on customs administration and trade facilitation, good regulatory practices, anti-corruption, health systems, medical products, infrastructure, sustainability, transition energy, etc. Meaningful support for these initiatives will benefit from strong stakeholder engagement, which we believe will continue.

One area high on the list for the US Chamber and many others is digital commerce. As explained in the recent U.S. House report, The digital trade revolution: How American workers and businesses can benefit from a digital trade deal, digital business opportunities are supporting vibrant growth and good jobs in all 50 states, and businesses of all sizes and in all industries are poised to benefit. However, these opportunities are threatened by the spread of digital protectionism and the accumulation of discriminatory digital rules that often target American companies. To prevent these threats, including strong digital trade rules in the IPEF can secure these opportunities for American workers, small businesses, service industries and others.

About the authors

John G. Murphy

Senior Vice President for International Policy

John Murphy leads the United States Chamber’s advocacy on international trade and investment policy.

Read more

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