Video length: 03:47 Tech IT opportunities in UAE to leap 80% thanks to AI uptake Job opportunities in the UAE’s information technology sector will rise 80 percent as IT leaders plan to augment their teams in the next 12 months, according to a survey. The driving force behind this surge in demand for IT professionals is the advance of technology such as artificial intelligence (AI), generative AI and machine learning, […] November 2, 2023
Tech AI Safety Summit: Sunak’s push for UK’s global role British prime minister Rishi Sunak’s promise to plan the AI Safety Summit 2023 in less than six months was more than simply an effort to establish the UK as a pioneer in a rapidly developing area. Sunak envisions the UK as a global leader in AI safety, aiming to secure a significant role in the […] November 1, 2023
Tech Emirates companies turn to AI in pursuit of cybersecurity More than 90 percent of UAE organisations plan to increase investment in artificial intelligence (AI) technologies to strengthen their cybersecurity strategies, according to a study conducted by a UK-based market research consultant Censuswide and commissioned by Palo Alto Networks. UAE companies can make use of AI in their cybersecurity strategies by using it to analyse […] October 27, 2023
Tech G42 and OpenAI launch regional partnership Abu Dhabi’s leading artificial intelligence company G42 is teaming up with OpenAI, the research and development company behind ChatGPT, to develop AI in the UAE and regional markets. The partnership, announced on Wednesday, aims to leverage OpenAI’s generative AI models across sectors where G42 already has expertise, including financial services, energy, healthcare and public services. Using solutions […] October 18, 2023
Analysis Tech UAE sets itself as the Gulf’s cybersecurity leader As the world rushes toward a more digital future, cybersecurity remains a paramount concern – and the UAE aims to be at the forefront of the field. The post-Covid era has experienced a surge in cyberattacks, prompting organisations to fortify their defences. Global weekly cyberattacks rose 7 percent in the first quarter of 2023, compared with […] October 12, 2023
Tech Digital assets startup Fuze raises $14m in seed round UAE digital assets provider Fuze has raised $14 million in a funding round, in what it claims is the “largest” seed investment in a digital assets startup in the Middle East and North Africa. The investment was led by Abu Dhabi-based Further Ventures, with participation by US-based Liberty City Ventures. The startup enables banks, fintechs […] September 20, 2023
Logistics Logistics companies targeted in latest global cyber fraud Logistics companies in the Middle East and Africa are being targeted by a worldwide scam that impersonates businesses’ websites in order to defraud consumers. According to Group-IB, a global cybersecurity company based in Singapore, the fraud – known as Classiscam – has targeted 251 brands in 79 countries. This includes 15 countries across Middle East […] September 11, 2023
Video length: 03:33 VIDEO Tech AI ‘can solve the problems’ for Middle East digital growth The Middle East’s digital penetration stands at 4.1 percent of its overall economy – where “China was 15 years ago”, according to a strategist at Swiss bank UBS. A recent technology report published by UBS highlights how the Middle East could be the next digital frontier, and why artificial intelligence could play a pivotal role. […] September 5, 2023
Analysis Trade Nuclear energy to power UAE-Romania trade growth Dubai International Chamber has set up a Romanian Business Council as part of efforts to build on non-oil trade between the UAE and the Eastern European nation, which exceeded $1 billion last year. The council will promote the interests of Romanian businesses and Romanian-owned UAE-registered companies in Dubai. It will also support Dubai’s presence in […] August 10, 2023
Analysis Finance ‘Hi, this is your bank…’ Inside the war on payment fraud “Hello. This is the Central Bank of the UAE. We are contacting you because you need to surrender your debit card.” The call comes from a conventional mobile number while you’re on the way home from work. Welcome to the scamdemic – claim your prize, share your one-time password, update your bank details, click […] August 9, 2023
Analysis Tech How tech is transforming Saudi’s Hajj travel industry Saudi Arabia’s strong digital infrastructure means it is ready to receive “whatever number of pilgrims and Umrah performers”, according to its director general of passports Sulaiman al-Yahya. Two million people are expected to converge on Mecca in the next week to complete the Hajj pilgrimage. By 2030 the kingdom is committed to tripling this number […] June 23, 2023
Analysis Trade Costa Rica sets up UAE for Central America trade Talks to establish a comprehensive economic partnership agreement with Costa Rica could signal a new push by the UAE to strengthen trade ties in Central America. Manuel Tovar Rivera, Costa Rica’s minister of foreign trade, said the proposed Cepa would boost collaboration between the wider Central America and Middle East regions. Experts told AGBI that […] June 9, 2023
Tech Billions being spent to foil rising cyber attacks Cyber attacks in the Mena region are set to grow by 70 percent this year, according to an industry expert. Digital criminals are adopting increasingly sophisticated methods to target their victims, meaning e-commerce operators in the region are spending billions more on security to assure customers their transactions are safe. Jason Lane-Sellers, regional director of […] June 5, 2023
Employment GCC consulting market to exceed $4 billion The GCC consulting market is expected to pass $4 billion in revenues this year, as the huge raft of giga-projects continue to transform the region. According to a report from UK research firm Source, the region’s consulting sector witnessed almost 16 percent growth in 2022 to reach $3.87 billion. Dane Albertelli, research analyst at Source, […] April 18, 2023
Economy New Saudi-China platform aims to boost investment and innovation The launch of the Saudi Arabia-China Entrepreneur Association (SCEA) in Riyadh will strive to promote cross-border investment and foster innovation, state-owned Saudi Press Agency (SPA) reported. SCEA is a non-profit organisation supported by the Ministry of Communications and Information Technology, Saudi Federation for Cybersecurity, Programming, and Drones (SAFCSP), and operated by eWTP Arabia Capital (eWTPA). […] February 9, 2023
UAE startup MangoGTM launches ‘Amazon for software vendors’ MangoGTM, a UAE-based startup, is aiming to help small regional entrepreneurs get their foot in the door with some of the biggest companies in the world. The business was set up four years ago as a consulting and servicing company but has since evolved into a wider technology marketplace, marrying buyers and vendors in what […] January 3, 2023
Analysis ‘Primed for growth’: UAE and Indonesia cement trade ties When Kaesang Pangarep, the son of President Joko Widodo of Indonesia, married this month, the guests included Sheikh Khaled Bin Mohamed Al Nahyan, chairman of the Abu Dhabi Executive Office, representing the UAE’s president, his father Sheikh Mohamed. The invitation highlighted the growing relationship between the UAE and Indonesia, just weeks after the two countries […] December 19, 2022
Analysis Banking & Finance Heavy industries replace tech in Middle East funding rounds More traditional industries such as manufacturing and oil and gas services have replaced technology as the driving force behind capital flows between Europe and the Middle East, according to new research The switch comes as technology giants including Alphabet, Microsoft, Meta and Amazon reported disappointing third-quarter results and the tech-heavy Nasdaq stock market has lost […] December 1, 2022
Energy Saudi oil minister says energy sector vulnerable to cyberattacks The energy sector is increasingly vulnerable to cyberattacks and international agreements are needed to thwart the growing risk, Arab News reported, citing Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman. He said governments and companies faced a “collective danger,” but the kingdom was ready for such attacks. Calling for global collaboration to help defeat […] November 10, 2022
Analysis Tech Rise of the supercomputers: Gulf invests its oil profits in big tech Abu Dhabi Investment Authority, the world’s third-largest sovereign wealth fund, has revealed plans to launch ADIA Lab, a centre dedicated to cutting-edge research in data science, artificial intelligence, machine learning and quantum computing. From its base in the UAE capital, ADIA Lab will start work on December 2, supporting projects on climate change and energy […] November 1, 2022
GITEX 2022 Tech Flying car takes to the skies – and that’s just day one of Gitex A flying car made its first public test flight in Dubai Marina on Monday evening. The two-seater VTOL (vertical take-off and landing) electric vehicle was built by Chinese manufacturer Xpeng and was one of the star attractions on day one of Gitex Global, the annual technology exhibition that runs until Friday in Dubai. The X2 […] October 11, 2022
Analysis Banking & Finance UK tipped to see record levels of Middle East capital in 2022 Outbound investment from the Middle East to the UK is forecast to rise sharply this year, particularly for deals up to $250 million. Corporate finance specialist Lumina Capital Advisers said the strong dollar, weak sterling and the UK’s uncertain economic outlook made it a “highly attractive destination” for Middle East capital. Sterling tumbled to a […] September 26, 2022
