UAE Financial Sector Sees Rapid AI Adoption
More than 70% of firms in the Dubai International Financial Centre are using AI, with Emirates NBD allocating 50% of its tech budget to AI.
DFSA Examines Impact of Frontier and Agentic AI on Cyber Resilience in Finance
The Dubai Financial Services Authority (DFSA) has published a paper on the potential impact of frontier and agentic AI on cyber resilience in finance, developed with the Cambridge Digital Innovation and Regulation Initiative.
Al Masraf Introduces AI-Powered Outbound Calling Platform
UAE-based bank launches bilingual AI platform to engage prospective customers and qualify banking needs.
Dubai AI Campus Expands Goals to Attract 1,000 Firms by 2030
The Dubai AI Campus has set ambitious targets, aiming to attract over 1,000 AI firms by 2030 and create more than 5,000 highly skilled jobs, as the UAE seeks to establish itself as a leading hub for artificial intelligence.
Dubai AI Campus Targets 1,000 Companies by 2030
The Dubai AI Campus aims to attract over 1,000 AI firms and create more than 5,000 skilled jobs by 2030.
Agentic Payments Raise Trust and Liability Concerns
The financial industry is grappling with the implications of autonomous AI agents on payments, with trust and liability emerging as key issues.
Winners of the Maida Muhyiddin Nazer Innovation Award Announced After Hackathon
The Maida Muhyiddin Nazer Innovation Award recognized innovative technology solutions by female participants during a five-day hackathon.
Egypt’s ParlexAI Joins Sixth Visa Africa FinTech Accelerator Cohort
Egypt’s ParlexAI has joined the sixth Visa Africa FinTech Accelerator, focusing on fintech innovation across Africa. Egyptian startup ParlexAI has been…
SoftBank Seeks $100 Billion from Gulf Investors for AI Fund
SoftBank aims to raise $100 billion from Gulf investors for a new AI fund, enhancing operations of acquired companies through advanced technologies.
Al Mazar Al Shamal Youth Center Launches Digital Entrepreneurship Program for Young Adults
The Al Mazar Al Shamal Youth Center has launched a three-day digital entrepreneurship program for young adults, enhancing skills for the digital economy.