Artificial intelligence (AI) has the potential to boost economic growth in the UAE by 1.6 percentage points and add $182 billion to the national economy by 2035, according to a recent report by Accenture.
Dubai-based Careem increases regional employment prospects
Dubai-based ride-hailing firm Careem is creating about 80,000 jobs for men and women every month, the firm’s co-founder said.
New visa rules to attract more investors and innovators to the UAE
In line with UAE’s position as a primary destination for international investors and global talents, the UAE Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted a new system of entry visas for investors and professional talents providing them with a long-term visa for up to 10 years.
SoftBank $100 billion Vision Fund 2.0 in the works
SoftBank Group founder and CEO Masayoshi Son is reportedly planning the firm’s next $100 billion venture – a version 2.0 of the world’s biggest technology fund, according to people familiar with the matter.
BitOasis AED transactions “temporarily disabled”
BitOasis, a Dubai-based cryptocurrency exchange, will reportedly no longer be processing deposits or withdrawals in dirhams beginning 15th May 2018.
Apple inches closer to becoming first $1 trillion company
Apple is reportedly on the verge of becoming the first $1 trillion publicly listed US firm, according to Reuters.
Region’s first Shariah-compliant digital bank launches in Bahrain
The bank offers a 24/7/365 service model on its innovative mobile app and web banking portal allowing customers to open and manage their accounts, conducting everyday transactions through its online channel, supported by services such as video contact centre, e-mail, web chat and social media.
Unify unveils cloud services platform in the UAE
Asif Khan, distribution manager, Middle East and Africa (MEA), Unify, shares details about the firm’s recently launched cloud services platform …
UAE cements position as regional hub for digital startups
Digital startups across the Middle East and North Africa attracted $650 million of funding in 2017, of which 76 percent went to UAE-based startups.
Virgin Hyperloop One, DP World to deliver UAE cargo at “jet speeds”
DP World and Virgin Hyperloop One have announced the launch of Cargo Speed – a service set to transport cargo …
GCC travelers rely heavily on online sources: Visa
Visa has recently shared the Gulf Cooperation Council (GCC)-related findings of its comprehensive look at global travel and tourism trends …
Robots and humans can make travel experiences more efficient: Sophia
Etihad Airways has introduced Humanoid Robot Sophia to the UAE as its spokesperson for the future of innovation and technology in aviation at ATM.
“STEMinism” on spotlight at women’s forum in Dubai
Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, is set to extend its support as Dubai Government Partner to the 4th edition of the Arab Women in Leadership & Business Summit.
Middle East telcos among region’s most valuable brands
UAE-based telco Etisalat has recently been named as the region’s most valuable brand in Brand Finance’s list of the Middle East’s top 50 brands for 2018.
Ingram Micro to bring “human-centric security” solutions to the Middle East
Ingram Micro has announced it has signed a distribution agreement with global Cyber Security leader, Forcepoint.
Abu Dhabi hyperloop route announced
Hyperloop Transportation Technologies (HyperloopTT) has signed an agreement with Aldar Properties, which will allow HyperloopTT to start construction of a Hyperloop system as well as HyperloopTT’s XO Square Innovation Center, and a Hyperloop Visitor Center.
Fortinet awards Middle East partners’ achievements
Fortinet has announced at its Middle East partner conference, Partner Sync, the winners of its 2017 Partner of the Year Awards.
New cyberespionage campaign targets MENA firms: report
Kaspersky Lab experts have uncovered a new cyberespionage campaign “Operation Parliament” that is targeting high profile organisations from around the world with a focus on the Middle East and North Africa.
Google to boost digital skills among Arab youth
Google has announced the launch of an Arabic online learning platform as part of the firm’s efforts to help people in MENA find jobs and advance their careers or grow their businesses.
“The best is yet to come,” says Noon CEO
Noon’s vision extends beyond that of being a pure play retailer. “We want to be a high performing consumer Internet provider,” said Khalid. “But we’re very aware that we can’t do this alone, and we need to bring on board partners and local startups to accelerate this journey.”