Investment

  • WISeKey, a digital information security, authentication and identity management company based in Switzerland has announced that its Internet of Things blockchain technology is set to be deployed in a number of selected 'smart cities' in China.

  • Financial analysts are predicting that Switzerland is set to become the global epicenter for the forthcoming cryptocurrency and blockchain technology that it is built on. Reports have emerged that investors are flocking to the affluent Alpine nation in an effort to get in on the virtual action.

  • Telenor announced the establishment of two new points of presence (PoP) in North America to meet customer demands in a high traffic region by enabling Voice and IPX based services, including LTE based signaling and data roaming. The two US PoPs add to the Telenor network which now includes 14 locations across North America, Europe and Asia.

  • The oldest city in the world is set to embrace technology that will transform its services in an effort to become a 'smart city'. The city of Varanasi, which is recognized as the holiest site for those who follow Hinduism is located on the Ganges Rivers in Northern India.

  • Toyota has invested 42.5 million yen into a project to develop a 'flying car' which they hope will be subsequently used to light up the Olympic flame for the Tokyo 2020 Summer Games. Engineers showcased a demonstration of its 'flying car' at an event last week -and expressed their confidence that it will be able to design a model that will light the Olympic torch.

  • The Telecommunications Regulatory Authority (TRA) revealed that the number of data systems provided in cooperation with the Federal Competitiveness and Statistics Authority and other government entities on bayanat.ae has reached more than 500 systems, covering various educational, health, environment and other fields. TRA said that this achievement is the result of cooperation with the Federal Competitiveness and Statistics Authority and more than 36 federal and local entities, to enhance the UAE strategic direction towards digital transformation, keep pace with the Fourth Industrial Revolution, and utilize data in finding innovative solutions to future challenges.

  • The Telecommunications Regulatory Authority (TRA), represented by ICT Fund, the TRA's funding arm, signed a cooperation agreement today with Mohammed Bin Rashid Space Centre (MBRSC). Under this agreement, the TRA will fund the Emirates Mars Mission 2117 launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister and Ruler of Dubai.

  • UAE ride-hailing services company Careem has invested $500,000 in a start-up entity which focuses on connecting commuters with private buses in the Egyptian capital city of Cairo. Careem, which is seen as Middle East rival to global ride-hailing colossus Uber, acquired the minority stake in SWVL after weeks of negotiations. It has also been disclosed that in addition to the investment, CEO and co-founder of Careem, Magnus Olsson will also join the board of SWVL.

  • Global ride-hailing behemoth Uber has launched a new unique feature described as a global first in an effort to empower women in Saudi Arabia.

  • Global ride-hailing firm Uber has projected a more measured valuation ahead of its IPO debut on the New York Stock Exchange later this week.

  • Digital Catapult which is a leading UK digital innovation firm has issued an open call for prospective partners to help it extend its Internet of Things network across the United Kingdom. The firm which specializes in accelerating the application of digital technologies - has expressed its ambition to enhance the capabilities of the services it currently provides.

  • The UK government has announced it will allocate £48m for an ultra-low emission bus scheme in England and Wales. The initiative was first introduced in 2016 as part of the government's overall strategy to reduce emissions nationwide.

  • The UK government has announced that it will begin testing self-driving trucks on public roads in Britain next year. Tests of self-driving trucks in Europe have been ongoing for the last two years, and now the Tory-DUP led coalition government have agreed to introduce the revolutionary technology that looks set to transform the transportation industry.

  • The UK government has announced that it is set to invest £150 million in digital infrastructure and open data in its efforts to make Scotland's biggest city, Glasgow, a world-leading 'smart city'. Glasgow has already received £24 million since 2013 which has been circulated through the Innovate UK innovation agency. The investment has served to not only enhance connectivity in the city, but it has also helped Glasgow develop technologies of the future that will be cost effective and energy efficient.

  • A recent survey conducted on the topic of 'smart cities' in the UK - has unearthed some surprising results. Over 67% of those surveyed felt that the implementation of 'smart cities' was a bad use of public finances - and also expressed concerns over the privacy implications of 'smart cities'.

  • UK rail firms are embracing technology and entering new partnerships in an effort to overhaul and transform its current travel systems. The rail industry in the UK has announced that it will publish more real-time information in a bid to facilitate technology firms aiming to develop intelligent travel apps for the future.

  • The University of Warwick is set to host Europe’s first multi-million-pound Smart City Mobility Centre; a new facility for driverless capable vehicles that will plan for “transport systems of the future”.

  • A US city has introduced an interactive platform which will use live data to measure the city's metrics in relation to its performance, help demonstrate its transparency and encourage accountability. The city of St. Petersburg in Florida announced the launch of its innovative new platform as part of its overall strategic approach towards becoming a leading smart city in the United States.

  • The US city of Seattle has been named as the inaugural winner of Bloomberg's American Cities Climate Challenge, an ambitious program which helps cities achieve their environmental and sustainability goals.

  • South African entrepreneur Elon Musk has confirmed that Chicago looks set to become the first city in the United States to adopt his futuristic concept for mass transit. Tesla CEO Musk is the head of the futuristic transportation company entitled The Boring Company