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Middle East

UAE, Samsung MoU aims to promote AI learning and adoption
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21 June, 2024

UAE, Samsung MoU aims to promote AI learning and adoption

The United Arab Emirates and Samsung's first aim is to increase AI adoption metrics, while the second revolves around providing...
UAE central bank approves dirham-backed stablecoins
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11 June, 2024

UAE central bank approves dirham-backed stablecoins

Aware of its potential to destabilize the financial ecosystem, the Central Bank of the United Arab Emirates is taking a...
Dubai financial regulator amends digital asset rules for service providers
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7 June, 2024

Dubai financial regulator amends digital asset rules for service providers

The new rules urge firms to clearly separate customers’ funds from proprietary assets as an added layer of protection during...
UAE-made AI models could put Middle East at the heart of tech innovation: AWS exec
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7 June, 2024

UAE-made AI models could put Middle East at the heart of tech innovation: AWS exec

Kevin Miller, AWS Vice President for global data centers, points to the UAE and its string of locally developed large...
Qualcomm Technologies, Aramco to improve digitization in Saudi Arabia; improve 4G/5G networks
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25 May, 2024

Qualcomm Technologies, Aramco to improve digitization in Saudi Arabia; improve 4G/5G networks

The deal will see both firms collaborate on a robust blueprint for several technologies including AI, quantum computing and the...
Middle Eastern central banks eye CBDC for cross-border payments
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13 May, 2024

Middle Eastern central banks eye CBDC for cross-border payments

At a recent World Economic Forum event, central bankers from Bahrain and Saudi Arabia discussed CBDC opportunities, from cross-border payments...
Microsoft, PwC Middle East new AI center of excellence to upskill workforce in Saudi Arabia
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11 April, 2024

Microsoft, PwC Middle East new AI center of excellence to upskill workforce in Saudi Arabia

The new AI excellence center led by Microsoft and PwC Middle East will focus on equipping the local workforce with...
Saudi Arabia mulls $40 billion AI investment fund to diversify its oil-based economy
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27 March, 2024

Saudi Arabia mulls $40 billion AI investment fund to diversify its oil-based economy

Saudi Arabia's Public Investment Fund has opened high-profile talks with U.S.-based venture capital firm Andreessen Horowitz to establish an AI-focused...
93% of firms in Saudi have advanced strategies for AI integration: Cisco
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4 March, 2024

93% of firms in Saudi have advanced strategies for AI integration: Cisco

The recent Cisco survey reveals that while 93% of companies in Saudi Arabia have advanced strategies for AI integration, only...
Saudi Arabia marks founding day with ‘Cultural Universe’ metaverse
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2 March, 2024

Saudi Arabia marks founding day with ‘Cultural Universe’ metaverse

The Cultural Universe metaverse platform provides users with information about key events in Saudi Arabia's history by simply approaching landmarks...
Bridgewater Middle East begins digital asset operations in UAE, targets institutional investors
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17 February, 2024

Bridgewater Middle East begins digital asset operations in UAE, targets institutional investors

Bridgewater Middle East will operate as a conduit for United Arab Emirates-based enterprises seeking to pivot into digital currencies and...
UAE’s blockchain ambitions will improve trade finance for SMEs
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16 February, 2024

UAE’s blockchain ambitions will improve trade finance for SMEs

Currently, SMEs in the United Arab Emirates face a challenging task in securing trade finance, underscored by several issues like...