Business Markets

Digital ID verification spend to exceed $26bn globally by 2029

Arnold Pinto 06/12/2024 0

Growing from $15.2bn in 2024 A new study has found that spend on digital identity verification checks will grow by 74% from $15.2 billion in 2024. This substantial growth will be attributable to new solutions that aim to reduce the friction of these checks. Juniper Research’s study

Interviews Sport

Reflo aims to be the world’s most significant sustainable apparel brand

Arnold Pinto 06/12/2024 0

With a big Middle East role Reflo, the London, UK-headquartered retail apparel and fashion brand, specialises in turning single-use plastic destined for landfill into contemporary technical apparel. At the same time, recycled coffee beans power the brand’s odour control technology. In October 2024, Reflo entered into a partnership with the Nissan Formula E Team,

Saudi Arabia Tech

Nokia and Aramco achieve 2.4Tbps optical transmission

Arnold Pinto 06/12/2024 0

PSE-6s line cards used Nokia and Aramco have achieved a major milestone by successfully deploying the first-ever 2.4Tbps optical transmission in Aramco’s operational network in Saudi Arabia. Nokia’s sixth-generation Photonic Service Engine (PSE-6s), which delivers an impressive 2.4Tbps per card, made the breakthrough possible. The trial, conducted over Aramco’s existing

Automotive

Pope Francis is gifted all-electric ‘Popemobile’

Arnold Pinto 06/12/2024 0

Handcrafted by Mercedes-Benz Mercedes-Benz has gifted Pope Francis with an all-electric ‘Popemobile, a unique vehicle handcrafted by the German automaker. Unveiled in the Vatican on December 4, 2024, the one-of-a-kind vehicle marks a significant milestone in automotive history and the Holy See’s longstanding association with Mercedes-Benz. The bespoke vehicle is based on

Saudi Arabia Space

NSG acquires UP42 startup from Airbus

Arnold Pinto 05/12/2024 0

Boosting Saudi space ambitions Neo Space Group (NSG), Saudi Arabia’s leading commercial space services provider, has acquired UP42, a next-generation Earth observation (EO) digital platform from Airbus Defence and Space. The deal is subject to the satisfaction of customary closing conditions, including regulatory clearances. The acquisition of startup UP42, launched in

Defence & Security

US military eliminates hostile threats in Syria

Arnold Pinto 05/12/2024 0

Multiple hostile weaponry targeted The US Central Command (Centcom) successfully neutralised several dangerous weapons systems in eastern Syria on December 3, 2024, marking a decisive step in safeguarding US and coalition forces operating in the Middle East region. The Pentagon confirmed that the strike targeted multiple hostile weaponry, including three truck-mounted

Tech

Infrgy demonstrates groundbreaking wireless power technology

Arnold Pinto 05/12/2024 0

At the University of Kashmir Infrgy, a Hawaii-based renewable energy power company, has unveiled a revolutionary leap in wireless energy technology at the University of Kashmir in India under the expert guidance of Professor Rouf Ul Alam Bhat. The innovation harnesses the potential of radio frequencies (RF) to generate usable electricity, marking a pivotal moment […]

Automotive Tech

Your Jeep 4×4 may fly a drone when off-roading

Arnold Pinto 04/12/2024 0

With in-vehicle docking station Jeep is venturing into new territory by exploring ways to integrate drone technology into its vehicles. Recent patent filings in the United States have revealed the company’s ambitious plans, which could revolutionise the automaker’s off-roading lineup and enhance vehicle security. With these innovations, Jeep aims to push the

Business

USAF awards $2.38 billion contract to Boeing for supply of 15 modernised KC-46A tankers

Arnold Pinto 04/12/2024 0

Tanker represents new era in air-to-air refuelling Boeing has won a $2.38 billion contract from the US Air Force (USAF) for 15 additional KC-46A Pegasus tankers, marking a crucial milestone in developing and expanding the US military’s aerial refuelling capabilities. The addition of these 15 tankers ensures that the USAF will be well-equipped to meet […]

Tech

Thales unit develops metamodel to detect deepfake images

Arnold Pinto 03/12/2024 0

Deepfake images are a growing problem As artificial intelligence (AI) becomes more sophisticated, so do the risks it brings, especially regarding disinformation and digital manipulation. One of the most concerning manifestations of AI is the creation of deepfake images, videos, and audio that can be used to deceive and defraud. On November 20, 2024, Thales’s […]

Logistics

Boeing predicts that international air cargo traffic will double by 2043

Arnold Pinto 03/12/2024 0

Driven by emerging markets Boeing has released its latest World Air Cargo Forecast (WACF), predicting significant long-term growth in the global air cargo market. The company forecasts that air cargo traffic will increase by an average of 4% annually through 2043, surpassing pre-pandemic levels and continuing its upward trajectory. According to Boeing, the global freighter

Business Cybersecurity

Study: IoT cybersecurity market is set to reach $60 billion globally by 2029

Arnold Pinto 03/12/2024 0

As potential for cyber-attacks escalates The global Internet of Things (IoT) cybersecurity market will experience dramatic growth over the next five years, reaching $60 billion by 2029, up from $27 billion in 2024. This represents a substantial 120% increase in cybersecurity investment, driven by enterprises’ rapid expansion of IoT devices. According to a new study

Automotive Saudi Arabia

Toyota Gazoo Racing is ready for Dakar 2025

Arnold Pinto 03/12/2024 0

With focus on a youthful team Toyota Gazoo Racing (TGR) is gearing up for the 2025 Dakar Rally in Saudi Arabia with a formidable six-car team poised to take on the world’s most challenging motorsport event. Combining the expertise of both TGR and Toyota Gazoo Racing South Africa (TGRSA), alongside teams from Land Cruiser Toyota […]

Finance

KYC/KYB spend to hit $22bn globally by 2029

Arnold Pinto 02/12/2024 0

From $9.2bn in 2024 A new study from Juniper Research reveals that non-financial businesses’ global spend on Know Your Customer (KYC) and Know Your Business (KYB) systems will surge by 140% over the next five years. From an estimated $9.2 billion in 2024, this figure is projected to climb to $22 billion by 2029. This […]

Lifestyle

Passengers reveal what they want at airports

Arnold Pinto 02/12/2024 0

Including convenience and digital solutions The International Air Transport Association (IATA) has unveiled the findings from its 2024 Global Passenger Survey, highlighting that passengers increasingly prioritise convenience, speed, and integrating advanced technology to improve their travel experience. The survey indicates a growing demand for digital solutions such as

Tech

WEF’s Edison Alliance accelerates global digital inclusion

Arnold Pinto 02/12/2024 0

Impacting over a billion lives The Edison Alliance, an initiative launched by the World Economic Forum (WEF), has connected over one billion people worldwide to essential digital services, including healthcare, education, and finance. This milestone has been reached ahead of the Alliance’s initial target of 2025. The programme spans over 100 countries and has united

Travel

Condor to fly from Frankfurt to 8 new European cities in 2025

Arnold Pinto 02/12/2024 0

Carrier embraces ‘leisure’ concept The German leisure airline Condor will enhance its summer 2025 flight schedule by adding eight city break destinations. Starting in the summer of 2025, the airline will operate daily flights from Frankfurt to Rome (FCO), Milan (MXP), Prague (PRG), Vienna (VIE), Zurich (ZRH), Berlin (BER), Hamburg (HAM), and Munich (MUC). These […]

Aviation

Star Alliance is the ‘World’s Leading Airline Alliance’

Arnold Pinto 01/12/2024 Post a comment

At World Travel Awards 2024 Star Alliance has been recognised as the ‘World’s Leading Airline Alliance’ for the fifth consecutive year at the prestigious World Travel Awards. The announcement was made at a grand final gala ceremony held in Madeira, Portugal, on November 24, 2024. Earlier in 2024, during the North America edition of the […]

Telecom

Operator carrier billing revenue to near $15 billion globally by 2029

Arnold Pinto 01/12/2024 0

Growing from $9.3 billion in 2024 A new study from Juniper Research, a leading expert in telecommunications, has revealed that global operator revenue from carrier billing transactions is set to grow from $9.3 billion in 2024 to nearly $15 billion by 2029 – a rise of 59%. This substantial growth is expected to be driven […]

Tech

Know the top 10 fintech trends for 2025?

Arnold Pinto 30/11/2024 0

From Apple NFC to virtual cards Juniper Research, a leading fintech and payments specialist, has revealed the top 10 trends to transform the financial landscape in 2025. The trends highlight the industry’s rapid shifts, driven by technological advancements, changing consumer demands, and evolving regulatory landscapes. According to Nick Maynard, Juniper Research’s VP