Breaking news

UAE And Google Cloud Unveil Cybersecurity Powerhouse In Abu Dhabi

by News Editor

April 12, 2025

The UAE is taking a major step toward securing its digital future with the launch of the Cybersecurity Center of Excellence in Abu Dhabi, developed in partnership with Google Cloud. This initiative is set to fortify national cybersecurity, fuel innovation, and establish the UAE as a global leader in cyber defense.

A Strategic Move For Digital Resilience

The center will serve as a hub for cutting-edge cybersecurity solutions, workforce development, and cross-sector intelligence sharing. “This collaboration is pivotal for the UAE’s cybersecurity ambitions,” said Dr. Mohamed Alkuwaiti, head of cybersecurity for the UAE Government. “It’s not just about tackling threats—it’s about cultivating top-tier talent and fostering innovation.”

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

According to research from Access Partnership, enhanced cybersecurity measures could prevent at least $6.8 billion in cybercrime losses by 2030, create 20,300 specialized jobs, and attract $1.4 billion in foreign investment. The initiative is expected to drive digital transformation across industries, boosting efficiency and economic growth.

Training The Next Generation Of Cyber Defenders

A key component of the initiative is an advanced training program led by Mandiant, part of Google Cloud. Designed to equip cybersecurity professionals with real-world expertise, the program offers immersive courses focused on AI-driven security tools and rapid incident response.

“This isn’t just another training program—it’s hands-on, real-world experience led by professionals who tackle the world’s most sophisticated cyberattacks,” said Cristina Pitarch, Managing Director, EMEA, Google Cloud Security.

Backing High-Growth Startups

Google Cloud is also rolling out a startup accelerator program in 2025, selecting 25 high-potential companies from Abu Dhabi’s Hub71 ecosystem. Participants will receive mentorship on scalable growth strategies, with top-performing startups eligible for up to $300,000 in Google Cloud credits.

Cybersecurity As A Pillar Of The UAE’s Global Strategy

The Cybersecurity Center of Excellence aligns with the UAE’s broader push into AI, digital infrastructure, and economic diversification. The announcement follows high-level meetings between UAE leadership and global tech executives, underscoring the country’s intent to lead in cybersecurity and artificial intelligence.

With this bold move, the UAE is positioning itself at the forefront of global cybersecurity innovation—securing its digital economy while shaping the future of the industry.

The Future Forbes Realty Global Properties

Shein Targets $25 Billion Valuation In Hong Kong IPO As Growth Slows

by News Editor

August 17, 2026

Shein is reportedly targeting a valuation of around $25 billion in its planned Hong Kong IPO, a sharp decline from the nearly $100 billion valuation the online fashion retailer achieved in a 2022 fundraising round.

Two people familiar with the plans said the company was likely to target about $25 billion, while another source put the expected range at $25 billion to $28 billion based on the proposed price band.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

IPO Valuation Falls Sharply

Shein plans to sell up to 8% of its shares in the offering, according to a person familiar with the plans. At a $25 billion valuation, that would translate into an IPO of as much as $2 billion.

The latest target is also below the $30 billion to $40 billion valuation the company was seeking earlier this month as it began meeting with potential investors.

Founded in China in 2012 and now headquartered in Singapore, Shein sells low-cost clothing to consumers in about 160 countries. The company is expected to launch its long-awaited Hong Kong IPO later this week.

Trade Restrictions Weigh On Growth

Shein’s valuation has come under pressure as major markets tighten rules affecting low-cost e-commerce shipments. The European Union, for example, has moved to impose additional fees on cheap parcels from platforms such as Shein and Temu. EU Tightens Rules On Low-Cost E-Commerce Parcels

In the U.S., the removal of an import duty exemption for small packages has also affected the company. Shein reported a $99 million quarterly loss in the first quarter of 2026 as sales growth slowed, while a one-time accounting charge further weighed on its results. Shein Reports First-Quarter Loss Ahead Of IPO

Investors Question Shein’s Growth Prospects

The steep reduction in valuation reflects growing concerns over slower growth, higher trade costs, regulatory pressure and stronger competition across global e-commerce.

Some investors who reviewed Shein’s recent financial statements or attended IPO presentations told Reuters they were skeptical that the company could return to the growth rates that supported its $98.2 billion valuation in 2022. Shein’s Slowing Growth Tests Investor Appetite

A lower IPO valuation could also affect Shein’s existing investors. Under the terms of its IPO filing, the company may have to issue additional shares to certain pre-IPO investors if its valuation falls below agreed thresholds.