The move, according to the report, is part of a drive to develop a fintech sector in the Arab world’s biggest economy under reforms designed to reduce reliance on oil.
Microsoft hones next-generation of AI talents in the UAE
Microsoft has commenced its training sessions at the region’s first AI Summer camp, a unique initiative that aims at developing mechanisms to apply the UAE Strategy for Artificial Intelligence.
Dubai’s Careem to enter food business with $150M fund raising round
Middle East ride-hailing app Careem is reportedly in talks to raise as much as $150 million from existing investors to launch its food delivery business as early as September.
Microsoft gathers regional IT experts to discuss data centre transformation
Microsoft on Monday brought together the world’s leading experts on data centre technologies to address GCC ICT professionals, in the region’s first Gulf Data Centre Community meetup, as part of the company’s ongoing efforts to bridge the regional cloud-skills gap.
Bahrain VC raises $100M to support Middle East tech startups
Bahrain Development Bank (BDB) has announced that the Al Waha Fund of Funds has successfully closed its $100 million fundraising round.
UAE, Kuwait among most attractive targets of cyber-attacks
The UAE accounted for 2.4 million of the 1.7 billion ransomware attacks detected globally in Q1 of 2018, according to a recent report by cybersecurity solutions firm Trend Micro.
UAE National Archives updates smart platform
The UAE National Archives has launched three new publications that are available on its smart platform, WAM reported.
BlackBerry shares fall as software revenue gets hit
BlackBerry has dropped the most over the last 12 months after investors focused on weak growth in software revenues that …
Property developer to deliver omnichannel experiences to UAE customers
Nshama has announced the launch of its new customer portal as part of efforts to fully digitise its customer experience.
Abu Dhabi’s Mubadala announces $400M European tech fund
Mubadala Investment Company of Abu Dhabi has announced plans to create a $400 million fund to invest in leading European technology companies.
GBM’s Nofal on why GCC firms should move away from siloed cybersecurity
Gulf Business Machines’ VP for Intelligent Network Solutions, Security and Mobility Hani Nofal discusses why organisations need to rethink their cybersecurity strategies and shift their investments to more proactive tools and measures.
Technology a game-changer for Middle East M&A deals: experts
The fundamentals of merger and acquisition (M&A) deals in the GCC region have not been significantly affected by artificial intelligence (AI) and still rely on human cognition.
Noon brings top US products to the Middle East with eBay tie-up
noon, the Middle East’s homegrown digital marketplace, is bringing the global marketplace of eBay closer to customers in the region with a new partnership.
Virgin Mobile offers exclusive data plan for Samsung users
Virgin Mobile UAE has partnered with Samsung to deliver an exclusive mobile data offering in the UAE.
Why cybersecurity and IT resilience are vital for transport systems
When we settle back in our seat on a train to read a book, gaze at the view outside or …
Oman, Qatar sign pact to boost STEM education
Qatar and Oman have reportedly signed a memorandum of understanding (MoU) to enhance and develop cooperation in the fields of science, higher education and technology.
Sharjah accelerator awards $50,000 grant to tech startup
The Sharjah Entrepreneurship Center (Sheraa) showcased its newest cohort in front of leading investors, key opinion leaders and heads of government entities, and announced the winner of the $50,000 Accelerator Program Grant at a Ramadan majlis, earlier this week.
UAE to promote local innovations on science and technology
Khalifa Fund for Enterprise Development has launched the second edition of the ‘Pitch@PalaceUAE’ competition and the first edition of ‘Pitch@PalaceGCC’.
Abu Dhabi calls on fintech innovators to compete in annual challenge
UAE-based institutions will begin by collaborating with ADGM to identify a specific business problem that can be resolved through the use of financial technology.
Careem launches Ramadan initiative to deliver to UAE food banks
Under the special sponsorship agreement, UAE residents can order a “Food Bank” delivery car type via the Careem app for free. The food will be delivered to one of the 80 food bank community fridges distributed in residential areas and mosques. The fridges are available for the public to donate packaged and canned food under safety measures supervised by Dubai Municipality.