Day: September 15, 2023

All phones offered for sale in the UAE, according to a statement from the telecommunications department, “adhere to the highest international safety and security standards.”

According to the news agency Reuters, the declaration followed France’s announcement that it will prohibit the sale of Apple’s iPhone 12 owing to radiation exposure leaks.

The phone’s specific absorption rate, measuring the rate of radiofrequency energy absorbed by the body from a piece of equipment, was beyond the permitted limit, according to an announcement made on Tuesday by France’s Agence Nationale des Frequences (ANFR).

On Thursday, it was announced that Belgium was starting its own investigation into the phone’s safety. Member states of the European Union have been given three months to respond after receiving notification from the French regulator on Wednesday.

According to France’s ANFR, it recently performed arbitrary tests on 141 phones, including the iPhone 12, that were purchased from stores. Two iPhone 12s failed two independent lab tests to meet EU requirements, the office of the digital minister claimed, according to Reuters.
Following news that China intended to extend a ban on the use of iPhones to state-owned businesses and organizations, Apple shares dropped about 3% last week, wiping off about $190 billion in market value in only two days.

The Cupertino, California-based company’s shares experienced their worst two-day decline in a month, falling 6.4%.

The iPhone 15 model will go on sale next Friday, September 22.

A Dubai-based startup is creating powerful computer software models to create 3D-printed space rocket engines.

The Computational Engineering Model, a piece of software that generates algorithms for the design and building of spacecraft systems, was created by LEAP 71, which established its headquarters in the UAE this year.

Recently, the business established a relationship with The Exploration Company of Europe in order to create propulsion system designs for TEC’s rocket.

According to LEAP 71 founder Josefine Lissner, the engine is anticipated to be tested at some point in 2019.

We have created an algorithm that can produce rocket engines, Ms. Lissner said on Wednesday to The National.

You may tell it, for instance, that you require a rocket engine and how much thrust and propellant it has to have. It’s like a code library.

It will produce a whole rocket engine in five to ten minutes.

If the engine performs as expected, LEAP 71’s work could revolutionize the way spacecraft systems are created, lowering costs and accelerating the development of those technologies.

In its quest to win over new customers in the space industry, LEAP 71 considers the contract with TEC a major victory.

The Nyx reusable spacecraft is being created and manufactured by TEC.

In order to establish freight transportation services for a commercial space station it is creating, it last week signed a contract with Axiom Space.

Co-founder and CEO of TEC Helene Huby said that employing computer models like those created by LEAP 71 could hasten the construction of engines.

“The conventional approach to engineering is one of the challenges for reducing the cost of space exploration,” she stated.

“Complex items, like rocket engines, are challenging to design, and each iteration with conventional CAD-based [computer-aided] tools can sometimes require a large amount of human rework.

We want to engineer more quickly using computational models so that we can print and test more quickly, expediting the development and verification of our engines.

The UAE’s objective of making its nation the regional center for spacecraft system development is furthered by LEAP 71’s new location in Dubai.

In order to foster the growth of the commercial space industry, the Emirates has focused heavily on luring space corporations to establish operations here.

In a prior interview with The National, Sarah Al Amiri, Minister of State for Advanced Technology and Chairwoman of the UAE Space Agency, stated that the space sector would play a part in Operation 300bn, a plan to establish the nation as a worldwide industrial centre by 2031.

“It’s very evident that we need to establish a private sector and, therefore, an industry in space as we move forward with Operation 300bn,” she said.

The majority of the UAE’s present space industry is devoted to local and federal government spending and initiatives.

“Today, we’re discussing a segment of the space industry that indirectly affects the economy. We want the space industry to have both a direct and indirect impact on the economy in five years, as well as on society.

Access to locally made space technologies would result from the industry’s eventual growth.

Thursday saw a 25% increase in Arm Holdings stock as the business raised $4.87 billion in its IPO, making it the year’s largest listing.

After making their Nasdaq debut, the UK chip designer’s shares shot up as much as 30%. At the closing of trading, they were trading at $63.59, significantly above Arm’s offer price and valued at more than $65 billion. In after-hours trading, the shares continued to rise, gaining 7%.

Arm, a provider of circuit designs used in chips around the world, sold 95.5 million American depository shares for $51 each after initially pricing them at $47 and $51.

For 30 days following the date of the final prospectus, SoftBank has given the underwriters the option to buy up to an additional seven million American depository shares to meet over-allotments, if any.

Following the IPO, SoftBank, which paid $32 billion for Arm in 2016, will own around 90% of the company’s shares.

According to customary conditions, the IPO is anticipated to close on September 18, the business stated in a statement on Wednesday.

The growth of artificial intelligence, which is anticipated to produce 21% more revenue this year, or $53.4 billion, than in 2022 as firms continue to implement AI capabilities, has benefited Arm and other chip-related businesses like Nvidia.

Revenue growth is anticipated to pick up speed, increasing by almost 25% to $67.2 billion next year and more than doubling to around $120 billion by 2027.

According to Arm, its processing architectures and software platforms power more than 250 billion chips that enable sophisticated computing, which is used in everything from sensors to smartphones and supercomputers.

In all markets, according to the business, about 70% of the global population uses Arm-based technology. Nvidia, Samsung, Apple, Google, and Intel are a few of Arm’s clients.

Regarding Arm’s IPO, Raine Securities is serving as financial advisor. For the offering, Barclays, Goldman Sachs, JP Morgan, and Mizuho are working together as joint book-running managers.

Business usage of AI has existed for some time, but generative AI, popularized by Microsoft-backed Open AI’s ChatGPT, which can generate a variety of data types including audio, code, photos, text, simulations, 3D objects, and videos, has gained pace.

Following a spike in interest in 2019, investors invested more than $4.2 billion into generative AI start-ups through 215 deals in 2021 and 2022, according to latest CB Insights data.

According to Goldman Sachs, global AI investment is anticipated to reach $200 billion by 2025 and may have a greater effect on GDP.

According to Goldman Sachs, generative AI might increase global labor productivity growth by more than 1% per year over the next ten years.

The US investment bank stated in a report in July that the biggest growth is anticipated to come from simple labor and time savings which allow higher production, suggesting that AI might be a “economically significant” driver of technology investment as adoption develops .Long-term investment in AI could account for 4% of US GDP and 2.5% of GDP in other countries that are at the forefront of the field in the next ten years, according to the report.

Do you need a business opportunity in Dubai but lack the necessary funds to invest? Look nowhere else! We have put up a list of 2023-appropriate low-investment company ideas. There has never been a better moment to launch your own business in Dubai thanks to the city’s booming economy and expanding tourism sector. There is something for everyone here, from online businesses to specialty retail outlets. So gather your notes, grab a pen and paper, and get ready to realize your entrepreneurial ambitions! In Dubai, now is the ideal time to create a corporation.

Why founding a low-investment firm in Dubai is advantageous:

A low-investment business in Dubai can be a great place for you to start your own business. Businesses profit from Dubai’s sizable consumer market, advanced infrastructure, and stable economic environment. You may test the waters with a low-investment firm and gain useful expertise before starting on bigger, more capital-intensive efforts.

List of low-risk business opportunities in Dubai:

1) An e-commerce firm: With the popularity of online shopping, this is a successful business venture. Online book stores, supermarket stores, and fashion boutiques are common low-investment company ideas in Dubai. You may quickly and easily set up your online business using platforms like Shopify or WooCommerce.

2) Ideas for Home-Based Businesses Another fantastic low-investment option in Dubai is launching a business from your home. Teaching and remotely administrative support are both good examples of services. Instead, you may capitalize on your experience in, say, graphic design, web development, or content generation to provide freelancing services to clients all over the wor

Benefits of starting a home-based business in Dubai:

Greater control: You have more authority over your work and business when you run a home-based business. It can be liberating and satisfying to be able to make judgments without seeking the approval of a management or boss.
Having flexible working hours: You can set your own hours when you work from home. This could be a tremendous help if you also have obligations to your family or yourself.
Reduced overhead expenses By working from home, you can save money on things like rent, utilities, and transportation. It’s critical to keep operating costs as low as feasible in the early phases.

Productivity gains: Since you won’t be concerned about distractions like office politics or a noisy work environment, home-based enterprises can help you enhance your productivity.
Flexible workspace: Since you’ll be working from home, you can set up your office anyway you see fit. This can improve both your comfort and productivity at work.
In conclusion, starting a home-based business in Dubai can provide numerous advantages and chances for business owners who want to create a lucrative enterprise while taking use of the advantages of working from home.

The following are the steps to launch a home company in Dubai with little capital:

If you wish to launch a home-based business in Dubai with little capital, adhere to these steps:

1. Obtain the greatest business strategy possible.
2. Make a strategy that outlines the goals of your business, the target market, and the expected sources of income.
3. Register your company in Dubai.
4. Take advantage of any licenses or permissions needed to operate your business legally.
5. Make sure your home-based business complies with all relevant laws and ordinances.
6. To spread the word about you, set up a website and social media accounts.
7. Start spreading the news and attracting customers.
   

   The comprehensive procedures to launch a business in Dubai:

   1. Establish a Legal Structure and a Type of company Activity: The first stage is to choose a legal structure and a type of company activity. Limited Liability Companies (LLC), Free Zone Companies, Sole Proprietorships, Branch Offices, etc. are just a few of the business formats available in Dubai. Choose the option that best fits your company’s needs.
   2. Apply for registration with the Department of Economic Development (DED) and reserve a company name: You need to reserve a company name and submit an application for initial approval to the Department of Economic Development (DED) after deciding on the legal structure and business activity. Initial approval costs AED 110, and a name reservation costs an extra AED 210.

   3.Memorandum of Association (MOA) of the Company to be notarized at DED: The next step is to prepare the MOA and have it notarized at DED. The MOA specifies the company’s goals, shareholding arrangements, and other important information. For three copies of the MOA, there is a notarization fee of 0.25% of the capital, plus AED 5 for each additional page.
   4. Obtain a trade license, file company documents with DED, and sign up for DCCI membership: Once the MOA has been notarized, submit it to DED along with other business paperwork to obtain the trade license. Depending on the business activity and legal structure, different trade license fees apply. Register for membership in the Dubai Chamber of Commerce and Industry (DCCI) after obtaining the trade license. It need roughly three days to complete entire process.

5. Obtain an Establishment Card by contacting the Ministry of Labor: An essential record needed to open a business bank account, apply for visas, and access other government services is the establishment card. Visit the Ministry of Labor to request an establishment card. The establishment card costs 2,000 AED.

6. Register Native Workers with the General Authority for Pension and Social Security and the Ministry of Labor: Last but not least, register any native workers with the General Authority for Pension and Social Security and the Ministry of Labor. This action is free of charge.
a variety of factors such as the legal structure and type of business, it generally takes 7 to 10 days to launch a business in Dubai. Based on the same criteria, the price can change.