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Showing posts from September, 2022

Dubai Metaverse Assembly: live updates from Museum of the Future

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The Dubai Metaverse Assembly will have technology experts and people from the metaverse community as well as major companies convene to discuss opportunities and ways that its potential can be unlocked. Dubai has already announced its metaverse strategy, which aims to create 40,000 jobs and add $4 billion to the emirate's economy. This is the first event of its kind since the announcement in July. Read More : https://www.thenationalnews.com/business/technology/2022/09/28/dubai-metaverse-assembly-live-updates-from-museum-of-the-future/

‘Are things normal in Israel?’ Qatar’s amir addresses normalisation in first media interview in years

“We do not limit ourselves in the choice of our interlocutors, as long as they believe in peaceful coexistence. But we are not willing to talk to those who oppose it.” Commenting on Qatar and Iran’s ties, Sheikh Tamim said the Islamic Republic remains an important country that shares a “historical relationship” with Doha, as well as a shared gas field. In the interview, the amir renewed the importance of the Gulf Cooperation Council (GCC) holding dialogue with Tehran to settle their differences. “We encourage all GCC member states and Iran to talk to each other,” the Sheikh Tamim added.

Knowledge Tower Trading to proceed with IPO for 20% stake on Nomu

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Knowledge Tower Trading Co. will conduct an initial public offering of its 350,000 ordinary shares on the Nomu-Parallel Market according to the company’s plans, revealed by its financial advisor Watheeq Capital. This represents around 20 percent of Knowledge Tower’s SR18 million ($5 million) share capital, which is divided into 1.75 million shares, as it was stated in a filing with the Stock Exchange. The end price of the offering is expected to be determined once the book-building process for the offering has been completed. The offering period will run from Oct. 30 through Nov. 3 for qualified investors, according to the statement. As of Sept. 12, the Capital Market Authority has approved the company’s application to list on the parallel market Nomu. This came after it secured the approval of the listing by the Saudi Exchange on July 24. Watheeq Capital has been appointed as Knowledge Tower’s Financial Advisor, while Derayah Financial has been appointed as Knowledge Tower’s Lead Mana

Migrant labourers in Qatar lose jobs weeks before World Cup

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Migrant labourers in Qatar lose jobs weeks before World Cup The workers affected include some who work on Stadium 974 and Lusail Stadium Nepali construction workers have been made redundant ahead of the World Cup without proper notice, complete wages, or end-of-service benefits, a new investigation by migrant-rights.org has found. The workers affected include some who work on Stadium 974 and Lusail Stadium, which will both host World Cup matches, as well as a number of other projects connected to the tournament, which begins in just two months. The Lusail Stadium is the venue for the World Cup final. NGOs and human rights activists had feared workers could be sent home ahead of Qatar 2022, after a government circular reportedly directed companies to reduce workforces and finalise projects before the tournament. The circumstances affect workers all the more since many took out punishing loans to go and work in Qatar in the first place, only to be sent home without sufficient notice or

Elon Musk makes court appeal to end the need for a ‘Twitter sitter’

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Elon Musk asked a federal appeals court to throw out the deal he made with the US Securities and Exchange Commission in 2018 requiring a Tesla lawyer to screen all his company-related tweets, calling it an illegal effort to muzzle him. Mr Musk, Tesla’s chief executive, has claimed without success that the SEC is harassing him and that the agreement violates his free-speech rights. US district judge Lewis Liman in April refused to release him from the deal and end the requirement for a “Twitter sitter”. Mr Liman said Mr Musk was “simply bemoaning that he felt like he had to agree to it at the time” and now “wishes that he had not". “The pre-approval provision is a classic prior restraint that the Constitution forbids: a government-imposed muzzle on Mr Musk’s speech before it is made,” Mr Musk’s lawyers said in papers asking the 2nd US Circuit Court of Appeals in Manhattan to invalidate the agreement, or at least remove the screening requirement. “The effect of the provision is to i