Middle East Archives

WEF offers steps for MENA to forge ‘intelligent economies’

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30 August, 2024

WEF offers steps for MENA to forge ‘intelligent economies’

MENA only has 18% of intra-regional trade, and tech innovation is in silos, suggesting to integrate AI, IoT, and blockchain...

Saudi Arabia’s new initiative to train 7,000 locals in AI

Business

Wahid Pessarlay

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30 August, 2024

Saudi Arabia’s new initiative to train 7,000 locals in AI

The initiative is the brainchild of the Ministry of Communications and Information Technology and the Human Capacity Development Programme, which...

IDC guide predicts worldwide AI spending to reach $632 billion by 2028

Business

Wahid Pessarlay

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27 August, 2024

IDC guide predicts worldwide AI spending to reach $632 billion by 2028

The IDC notes in its guide that the meteoric rise of generative AI systems over the last 24 months will...

Finance

Press Releases

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21 August, 2024

Zumo joins the Abu Dhabi Sustainable Finance Declaration

Zumo has signed the Abu Dhabi Sustainable Finance Declaration, reinforcing the platform's commitment to a greener financial services industry as...

Qatar exploring tokenization despite digital currency ban

Business

Steve Kaaru

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8 August, 2024

Qatar exploring tokenization despite digital currency ban

The Qatar Financial Centre launched the Digital Assets Labs and is now welcoming the first cohort of 20 participants who...

META region’s AI spending may climb to $7B by 2026: report

Business

Wahid Pessarlay

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15 July, 2024

META region’s AI spending may climb to $7B by 2026: report

Data released by the IDC shows that the projected AI spending of up to $7 billion would be driven by...

Middle East in strong position for AI innovation: report

Business

Wahid Pessarlay

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2 July, 2024

Middle East in strong position for AI innovation: report

The Middle East is positioning itself as a strong player in AI innovation, with the results of a Dell survey...

Dubai appoints 22 Chief AI Officers for government offices to streamline operations

Business

Wahid Pessarlay

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1 July, 2024

Dubai appoints 22 Chief AI Officers for government offices to streamline operations

The 22 newly appointed CAIOs will be deployed to different government agencies in Dubai, leading across several sectors, including health,...

Nvidia makes its move in the Middle East despite US trade restrictions

Business

Wahid Pessarlay

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28 June, 2024

Nvidia makes its move in the Middle East despite US trade restrictions

The new deal will allow Qatari-based telecommunication firm Ooredoo to offer its clients Nvidia’s AI and graphics processing technology in...

Nomura subsidiary Laser Digital obtains license to operate in the UAE

Finance

Wahid Pessarlay

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26 June, 2024

Nomura subsidiary Laser Digital obtains license to operate in the UAE

The Nomura subsidiary may provide broker-dealer and fund management services to retail and institutional clients in the UAE, with CEO...

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

Finance

Steve Kaaru

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25 June, 2024

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

IMF says Middle Eastern and Central Asian countries can significantly benefit from CBDCs but urges caution as they come with...

DLT importance shoots up in 2024, but public blockchains’ market share dips: report

Finance

Steve Kaaru

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25 June, 2024

DLT importance shoots up in 2024, but public blockchains’ market share dips: report

The report by ISSA revealed that the strategic importance of distributed ledger technology has increased by 9% in 2024, with...

Middle East

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