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Tech Brand Nothing Enters Saudi Market At Jarir Bookstore

The award-winning Nothing Phone (1) sports a premium aluminum frame and a distinctive LED Glyph Interface.

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tech brand nothing enters saudi market at jarir bookstore

Jarir Bookstore, the Kingdom of Saudi Arabia’s leading consumer tech retailer, has announced an exclusive partnership with UK-based technology brand Nothing, bringing the company’s innovative Phone (1) to the Saudi Arabian market.

The Nothing Phone (1) goes on sale across all Jarir stores from the 1st of March 2023 and will also be available on the company’s website. Through the collaboration, Jarir Bookstore will also offer repair and warranty solutions for all Phone (1) purchases.

“Jarir is excited to partner with another quick-rising tech company offering something unique and different to the Saudi Arabian market. We look forward to bringing the iconic and highly regarded, Nothing tech products to Saudi Arabia,” says Nasser Abdulaziz Alaqeel, COO of Jarir Marketing Co.

The Nothing Phone (1) has received critical acclaim for its innovative design while also scooping a “Best Inventions of 2022” award from TIME magazine for its unique “Glyph Interface” notification system, which uses 900 LED lights to create light patterns for highly-personalized notification alerts.

Nothing Phone (1) Specs

The Nothing Phone (1) is powered by a custom Qualcomm Snapdragon 778G+ processor and sports a 50 MP dual camera, 120Hz OLED display, plus Nothing’s custom version of Android.

There’s a strong and light 100% recycled aluminum frame on the outside, while over 50% of the device’s plastic components are made with recycled materials.

Adding Phone (1) to Jarir’s lineup will help the company stay at the forefront of consumer technology and shows a commitment to providing the latest solutions to Saudi customers. The Nothing Phone (1) is available now at all Jarir branches and online at Jarir.com.

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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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