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iPhone privacy limits pinch ad sale, Snap’s stock slips.

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Snap’s stock drops as iPhone privacy

Snap Inc., Snapchat’s corporate parent, stated during its third-quarter results conference. That a privacy crackdown pushed out on Apple’s iPhone earlier this year had a negative impact on ad sales.

Investors were concerned that the app’s financial development was stalling. Prompting a sell-off in after-hours trading. That might foretell one of the company’s largest one-day dips since it went public in 2017.

Snap’s stock dropped over 22% in extended trading on Thursday. If the drop replicate in Friday’s normal trading session, the stock will approach its previous day bottom in May 2018. When its price fell about 22% — wiping off nearly $30 billion in shareholder capital.

The red flags raised by Snap’s poor performance might portend concerns for other applications. That are having greater trouble tracking their users’ online activity. Also as a result of an April Apple update to the iPhone’s iOS software.

Explicit Permission Required on iPhone Making it more Difficult for Corporations

The update prevents internet monitoring on iPhones unless the user gives explicit permission. Making it more difficult for corporations to sell adverts based on data. Which is about people’s interests and where they are.

Snap CEO Evan Spiegel stated in a statement that the firm has to re-calibrate its processes to “handle substantial challenges”. “Including changes to the iOS platform that alter the way advertising is under target.”

Facebook, a vocal opponent of Apple’s new privacy measures, had already warned investors. That the shift may hurt ad sales, but Snap’s numbers suggested the hit could be far higher than expected. In extended trading on Thursday, Facebook’s stock fell more than 4%. On Monday, the social networking business is under expectations to reveal its most recent quarterly earnings.

Snap reported revenue of $1.07 billion for the July to September quarter. A 57 percent rise over the same period last year. But it fell short of Wall Street analysts’ predictions by approximately $30 million.

Also read: HURRICANE WINDS HAVE KILLED FOUR PEOPLE IN POLAND

investors are concerned, Snap said its revenue for the current quarter will range from $1.17 billion to $1.21 billion. Also compared to $1.36 billion expected by experts, according to FactSet.

Read more about: Snap Inc.

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Creating fake accounts in UAE means severe Penalties.

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online fraud laws in uae

Don’t make a mistake by creating fake accounts in UAE. If you do that, then get ready to pay severe penalties. 

dont make fake accounts else face UAE tough laws

dont make fake accounts else face UAE tough laws

Creating fake accounts in the UAE of Social media, Gmail can lead you to trouble. Yes, Laws in UAE are more severe than you think. Spoofed accounts are not allowed in UAE. The Govt of the UAE is taking this matter seriously as they want to protect their people from fraud. Cybercrime Law in UAE is most robust and severe than most in the world. It is only to protect the people of the Nation. 

New Rules against Online frauds in UAE:

The latest regulations set for only frauds exemplify how the UAE works as a Nation. Tougher Penalties for email fraud or fake social media accounts. You cannot think about online fraud if you are living in UAE. Still, if you are daring to do that, get ready to stay in Jail for five long years and pay a fine of Dh2 million.

The new law of online frauds started in 2021 covers all cybercrime committed online. The punishment for each fraud deed online is stricter than ever. 

Severer punishments would stop people from committing such crimes even if the intent was for a dupe. The intention to take revenge is also some reason. Some people make accounts for their friends or families without understanding it is a punishment by law. If you are doing such things, don’t do that. Else you and your family member will come into trouble.

The motive behind these laws is to provide smooth Online work for business people and residents. Everyone wants to remain safe in this online global world. So UAE is taking this initiative to the next level in 2022. So if you are living in UAE, you are safe even in the Online world.

Get all the latest UAE Market news only on Arab Market news. Your own trust-able news portal which brings all the latest news of UAE, Dubai and world business news.

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T-shirts made from recycled plastic bottles by Dubai company

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The high-quality yarn substitutes traditional polyester yarn in T-shirts

Dubai company DGrade turns discarded plastic bottles into clothing. Repurposing up to 60 million of them every month. According to the company, the more items they produce, the less plastic waste goes to landfills. Moreover, The high-quality yarn substitutes traditional polyester yarn in T-shirts, jackets, caps, and faces masks.

DGrade director Emma Barber said recycled polyester uses 50 percent less energy. 20 percent less water, and produces 55 percent fewer carbon emissions than conventional polyester.

PET1 plastic is infinitely recyclable but it gets bad press because we use it and discard it too often. If used and re-used appropriately, plastic can last a lifetime.”

Pakistan uses bottles collected by waste management companies in the Emirates. A 480-kilogram bale, containing up to 25,000 bottles, costs about $100.

Ms. Barber said they aim to carry out full manufacturing operations in the UAE by the end of the year.

However, After washing and shredding the bottles into flakes, melting at high pressure and extruding, and then spinning the flakes into polyester yarn.

ALSO READ: Dubai 2040: Residents’ lives will be transformed by the Urban Master Plan

Several 500ml bottles are used to make one 120g T-shirts

The company, which is a business-to-business firm, makes sustainable workwear and merchandise for companies.

“The year before the Formula One Grand Prix, we collected 78,000 bottles over three days at the Yas Marina Circuit in Abu Dhabi. “The following year we provide uniform for the event using the bottles collected in one year. Several 500ml bottles are used to make one 120g T-shirt, and you can weave the fabric in different ways to give it different textures.”

Ms. Barber, who has lived in the Middle East for over 10 years, worked mostly in the fashion industry for most of her career Worried about pollution in the sector, she decided to do things that were more sustainable.

Get all the latest UAE Market news only on Arab Market news. Your trust-able news portal brings all the latest news of UAE, Dubai, and world business news. 

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Hackers are thwarted by UAE’s cyber defenses

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Emiratis strengthen cyber defenses

Several countries are working closely with the UAE to strengthen the digital ecosystem. IT infrastructure of the nation told Dr. Mohamed Al Kuwaiti. The UAE government’s cyber -security chief. In an exclusive interview with The National. Dr. Al Kuwaiti said collaboration with several countries was the key to the UAE’s success.

Above all, A leader in the UAE government’s cyber security department, Dr. Mohamed Al Kuwaiti. Said the country is in the process of building a secure, robust cloud infrastructure.

Above all, He said that to build and maintain the UAE’s digital ecosystem. Several other countries must participate, according to The National.

“All businesses at every scale and government enterprises can conduct their business seamlessly from the UAE with our state-of-the-art advanced cloud ecosystems.”

However, Mr. Al Kuwaiti stated on the sidelines of Intersec. A global event focused on emergency services, security, and safety held at the Dubai World Trade Centre.

ALSO READ: Goals for sustainable development of the UN

In the UAE, as in other nations, the country is undergoing digital transformations. Which are making us more dependent on technologies, and there are more and more. Moreover, it opens a larger threat landscape to counteract cyber crimes, top experts from the private sector are working with big and small companies.”

Cyber criminals have emerged as the biggest threat to cybersecurity

Moreover, Providing investors across the globe with platforms like this conference. Which helps us work together to enhance our cyber security and to stop cybercrime.

Which isn’t a problem that belongs exclusively to one country. However, A large part of the cause of cybercrime and ransomware attacks comes from the misconception that they are someone else’s problem.

However, Cybercriminals have emerged as the biggest threat to cybersecurity in the past few years. Ransomware allows criminal hackers to take over an organization’s computer system and encrypt its data, then demand ransom to release it.

The number of such attacks might be inaccurate because many might have gone unreported, with victims paying the cybercriminals.

Get all the latest UAE Market news only on Arab Market news. Your trust-able news portal brings all the latest news of UAE, Dubai, and world business news. 

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