Business & Investments

CriminalsReverting to Old-School Tactics with New Twists, Visa’s State of Scams Report Shows

Latest Visa Biannual Threats Report highlights emerging scams targeting consumers, merchants and financial institutions.

Dubai, UAE—October 30, 2024–Visa, a global leader in digital payments, published the State of Scams: Fall 2024 Biannual Threats Report. The latest edition of the report brings to light several emerging threats and scams targeting banks and consumers, including a surprising resurgence of small-scale physical crime.

“Visa invested $11 billion dollars in technology and infrastructure in the past five years, and our network is more secure than ever,” said Paul Fabara, Chief Risk and Client Services Officer at Visa. “As payments becomesafer, fraudsters are reverting to tried-and-true tactics that target the weakest link in the ecosystem: consumers. Visa is committed toremoving risks across a transaction, regardless of how you’re paying, but that doesn’t mean consumers should let their guard down.”

Continue reading CriminalsReverting to Old-School Tactics with New Twists, Visa’s State of Scams Report Shows →
Real Estate

Modon sells out phase one of Maysan, a newly launched freehold development on Reem Island, within a few hours

  • The first phase of the project features two districts: Mayar and Thoraya
  • Mayar will bring unique stacked maisonettes to Abu Dhabi for the first time
  • Thoraya will address the high demand for townhouses in Abu Dhabi
  • Phase one available to buyers of all nationalities

Abu Dhabi, UAE; 30 October 2024: Modon has announced complete sell-out of phase one of its high-end freehold residential development Maysan within the same day of launch. Located on Reem Island, the development is available to buyers of all nationalities. Blending innovation and creativity, the overall design of the over-600,000-square-metre project is inspired by boutique-style inside/outside living.

Continue reading Modon sells out phase one of Maysan, a newly launched freehold development on Reem Island, within a few hours →
Technologies

Otaxi Signs Strategic Partnership Agreement with ITHCA Group and Yango Group To Elevate Taxi Services in Oman

Muscat, Oman – 31 October 2024: Otaxi, a leader in taxi services in Oman and part of ITHCA Group, in cooperation with the Ministry of Transport, Communications and Information Technology (MTCIT) in Oman, announced a strategic partnership with ITHCA Group and global technology leader Yango Group, renowned for its innovative daily services including ride-hailing, cloud technologies, foodtech and Yasmina (AI voice assistance) amongst others.

The goal of this partnership between Otaxi and Yango Group is to enhance mobility services, particularly taxi services, contributing to the modernization of the digital infrastructure in Oman and providing sustainable services to support the digital transformation of taxi and mobility services. As part of this partnership, ITHCA Group and Yango will make significant investments to develop the Otaxi business model, creating new growth opportunities for the local taxi industry and the mobility sector in the region.

Continue reading Otaxi Signs Strategic Partnership Agreement with ITHCA Group and Yango Group To Elevate Taxi Services in Oman →
Technologies

Nothing Unveils Industry First Co-Created Smartphone

Six months, four winners, and one unique product—Nothing invited its community to create a new edition of its latest smartphone: Phone (2a) Plus. The result is a glow-in-the-dark version with fireflies at the centre of its campaign.

Dubai, UAE- 30 October 2024 – Nothing today unveiled the final outcomes of The Community Edition Project. The Phone (2a) Plus Community Edition is Nothing’s first co-created product, where some of its most talented followers worked directly with the Nothing Team. From hardware to wallpapers, packaging to marketing, this smartphone has been entirely shaped by the imagination of Nothing’s community.

Continue reading Nothing Unveils Industry First Co-Created Smartphone →