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Saudi Firm Launches World’s First Handheld Ultrasound Device

Abdul Latif Jameel Health has partnered with Butterfly Network to bring the world’s first handheld, single-probe, complete body ultrasound system to the MENA region.

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saudi firm launches world's first handheld ultrasonic device
Butterfly Network

In many parts of the world, access to well-equipped healthcare facilities is greatly limited. Healthcare professionals often have to travel long distances to see their patients, and they can’t bring with them most of the equipment they have access to in hospitals. Without it, making the right decisions in difficult medical situations can be extremely challenging.

The good news is that a new generation of medical devices is making advanced capabilities available in a variety of portable form-factors, much like modern smartphones can perform many of the tasks that could traditionally be performed only on large desktop computers.

Now, Abdul Latif Jameel Health has partnered with Butterfly Network to bring the world’s first handheld, single-probe, complete body ultrasound system to the Middle East, North Africa, Turkey, and India.

butterfly iq+ handheld ultrasound device

Called Butterfly iQ+, the compact ultrasound system consists of three pieces: a probe with a patented on-chip digital micro-beaming technology and optimized electronics with power-efficient FPGA, a compatible iOS or Android mobile device to which the probe connects to, and the Butterfly iQ+ mobile application.

“The capabilities of this innovative, portable and versatile handheld ultrasound solution know no bounds, and we are committed to delivering this technology to serve more than 2 billion people” said Dr. Akram Bouchenaki, Chief Executive Officer, Abdul Latif Jameel Health.

Also Read: Mobile App Helps Turkish Women Fight Domestic Violence

Because the ultrasound system provides sharp imaging with true-to-form color flow, 3D visualizations, cloud storage, and other advanced capabilities without taking up much space or requiring too much power, it was selected to provide medical imaging on the International Space Station. An earlier version of the device was delivered as part of the 22nd SpaceX Dragon cargo resupply payload in June 2021.

Hopefully, Butterfly iQ+ will soon be helping healthcare professionals address all kinds of health issues that people young and old experience not just in space but also in some of the poorest regions here on Earth.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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