{"id":88367,"date":"2024-01-25T00:00:00","date_gmt":"2024-01-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/du-completes-50g-broadband-network-trial\/"},"modified":"2024-01-25T00:00:00","modified_gmt":"2024-01-25T00:00:00","slug":"du-completes-50g-broadband-network-trial","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/du-completes-50g-broadband-network-trial\/","title":{"rendered":"Du completes 50G broadband network trial"},"content":{"rendered":"

TELECOMS- <\/p>\n

du completes 50G broadband tech trial:<\/strong> Telecoms operator du<\/a> completed the first trial of the 50G passive optical network (PON) in the Emirates, a high-bandwidth network connection that enables \u201cbusinesses and consumers to harness high-bandwidth, latency-sensitive applications, including 8k-interactive video applications, 3D cloud design, high-graphic\/high-quality AI\/ML applications,\u201d according to a press release<\/a>.<\/p>\n

STARTUPS- <\/p>\n

Crypto investment firm <\/strong>Cypher Capital<\/a><\/strong> co-led a USD 2.4 mn investment in Germa<\/strong>n blockchain company bitsCrunch<\/strong>, Wamda<\/a> reports.BitsCrunch is \u201ca global data analytics firm specializing in multi-chain insights and forensics for NFTs and digital assets,\u201d founded in 2021. The startup is backed by Coinbase Ventures, Animoca Brands, Chainlink, Cypher Capital, Crypto.com Capital, Morningstar Ventures, Shima Capital, among others. <\/p>\n

What they said: <\/strong>\u201cWe are excited to partner with Vijay and his team at bitsCrunch. They are solving the transparency problem in the NFT space through AI and data analytics, which will further enhance the user experience and trust,\u201d Cypher Capital Chairman Bill Qian said. <\/p>\n

\n

LOGISTICS- <\/p>\n

TII + Aspire + Maqta Gateway to work together on autonomous tech: <\/strong>Abu Dhabi's Technology Innovation Institute (TII) and Aspire, the technology program management pillar of the Advanced Technology Research Council (ATRC), will work with AD Ports Group subsidiary Maqta Gateway<\/a> on a proof-of-concept for autonomous tech, according to a press release<\/a>. The agreement will see them explore AI and robotics projects across terrestrial, aerial, and marine sectors to create tailored solutions and applications for AD Port\u2019s infrastructure, in a bid to enhance productivity and efficiency while lowering costs.<\/p>\n

\n

HEALTHCARE-<\/p>\n

The <\/strong>National Multiple Sclerosis Society (NMSS)<\/a><\/strong> awarded six research grants for <\/strong>treatment of multiple sclerosis,<\/strong> according to an Abu Dhabi Media Office<\/a> statement. The grants are backed by Abu Dhabi\u2019s Department of Health<\/a>, which contributed AED 500k to the initiative. <\/p>\n

\n

FINTECH-<\/p>\n

#1- Embedded finance platform <\/strong>Abhi<\/a><\/strong> has set up its global HQ in Abu Dhabi<\/strong>, with help from the Abu Dhabi Investment Office (ADIO)<\/a>, according to an Abu Dhabi Media Office<\/a> statement. The Pakistani firm first landed in the emirate last year, joining the global technology ecosystem accelerator Hub71<\/a>. The company currently services over 500 companies globally with earned wage access, payroll solutions, and SME financing solutions.<\/p>\n

#2- Egyptian fintech company <\/strong>Paymob<\/a><\/strong> has partnered with <\/strong>Mastercard<\/a><\/strong> to encourage <\/strong>SMEs<\/strong>\u2019 <\/strong>usage of digital payments in the region<\/strong> through low-cost solutions, according to a Mastercard press release<\/a>. The agreement involves expediting solutions like tap on phone, e-commerce gateways, and payment links.<\/p>\n

More on Paymob:<\/strong> Founded in 2015, Paymob is a financial technology company specializing in constructing digital infrastructure, with offices spanning the UAE, Egypt, Pakistan, Saudi Arabia, and Oman. The startup secured a USD 50 mn (AED 183 mn) round of series B funding<\/a> back in 2022. <\/p>\n

\n

ENERGY-<\/p>\n

Adnoc has launched two hybrid-powered land rigs<\/strong>, featuring a high-capacity battery and engine automation that contribute to a 15% reduction in emissions compared to traditional rigs Wam<\/a> reports. Adnoc invested USD 327 mn in purchasing 16 land rigs throughout 2023 in a bid to decarbonize its operations. With two rigs currently in use, the remaining fourteen will be integrated into Adnoc\u2019s drilling fleet over this year.<\/p>\n

REMEMBER-<\/strong> Adnoc recently increased<\/a> its budget for decarbonization investment to USD 23 bn, up from its initial USD 15 bn planned investments. <\/p>\n

Energy solutions provider<\/strong>Ducab India inked a partnership agreement with Emirates NBD<\/strong> to advance its expansion goals and boost both countries' economies, according to a Media Office<\/a> statement. Ducab has been actively expanding in India, and recently opened its first office in the country in Bengaluru. <\/p>\n

\n

EDUCATION-<\/p>\n

The American University of Sharjah (AUS) board has greenlit the launch of five <\/strong>new degree programs in Fall <\/strong>2024<\/strong>, Sharjah24<\/a> reports. The degrees include masters of business analytics, and another in machine learning; and bachelors degrees in chemical and biological engineering, digital construction engineering and management, intelligent systems and mechatronics engineering.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 50G network will expand high-speed network in the UAE<\/p>\n","protected":false},"author":1,"featured_media":88368,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[47,313,143,7,1393,79,131,99,732,309,438],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-education","tag-energy","tag-enterpriseam-uae","tag-finance","tag-fintech","tag-healthcare","tag-logistics","tag-national-multiple-sclerosis-society","tag-pakistan","tag-telecoms","wpautop","entry"],"acf":{"mongo_id":"da481604-f150-4bab-a767-323b1df4d1b4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2177.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Du completes 50G broadband network trial + more healthcare, fintech, energy, education, startup and AI news","related_issue":[88345],"teaser":"The 50G network will expand high-speed network in the UAE","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.3fc9bd4c-44fa-47db-a74c-b1bf7c04b984.mp3"},"yoast_head":"\nDu completes 50G broadband network trial - 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