Technology

Oman’s digital transformation initiative reaches 53 percent completion rate by end of September 2023

In H1 2023, the country recorded over 30 million e-authentication transactions and nearly 1 million e-signature transactions

AI to add $15 trillion to the global economy, says Dubai’s flagship free zone DMCC

Generative AI and the surge in e-commerce and digital services trade will drive global trade resilience

UAE’s financial sector welcomes new Open Finance regulation

Open Finance is beneficial for both fintechs and their customers

Ethereum ETF approval is a game changer, believe experts

It could be a paradigm shift, not just for Ethereum, but cryptos in general

Worldwide AI chips revenue to grow 33 percent to $71 billion in 2024: Report

The value of AI accelerators used in servers is expected to increase to $33 billion by 2028

New avatar at AMF 2024 showcases transformative potential of AI in media

Digital avatars of literary and media figures from the Arab world were among the most notable attractions

Oman seeks to raise digital economy’s contribution to GDP to 10 percent by 2040

Investments in tech reached more than $2.5 billion since Oman launched National Program for Digital Economy

Saudi Arabia emerges as key investor in Elon Musk’s $24 billion startup xAI

The startup recently announced its $6 billion Series B funding round which it will utilize to launch xAI’s first products in the market

Public cloud spending projected to reach $675 billion globally by 2024: Report

SaaS spending is forecast to grow 20 percent to reach a total of $247.2 billion in 2024

UAE and France partner to boost global AI ecosystem

The partnership will cover various areas, including data centre and supercomputing infrastructure buildout

How Generative AI can both harm and heal cybersecurity

Researchers use GenAI to exploit 87% one-day vulnerabilities

Sheikh Hamdan inaugurates Dubai AI Campus cluster at DIFC Innovation Hub

The move is part of phase one of the DUB.AI programme launched to accelerate AI adoption across key sectors

Qatar announces $2.47 billion AI incentive package

Arab AI project 'Al-Fanar' launched to develop Arabic large linguistic models

Seamless Middle East 2024 begins today, to navigate the future of digital commerce

Topics of discussion will include AI's impact on the banking industry, real-time transactions, the evolving commerce landscape

UAE’s TII launches updated Falcon 2 LLM, outperforming Meta’s Llama 3

Falcon 2 11B VLM stands out as TII's first multimodal model

UAE leads global fiber connectivity for 8 years in a row with 99.3 percent penetration

Singapore ranks second with 97.1 percent fiber optic network penetration

China’s Ant International seeks expansion in Saudi Arabia

Agreement to facilitate cross-border mobile payment and trade, empower Saudi businesses

29 percent of organizations deployed GenAI as leading AI solution, reveals new survey

25 percent of companies utilize customized GenAI models for specific use cases

UAE’s DIFC hosts 900 fintech firms, fuelling sector innovation and growth

Mohammad Alblooshi, chief executive officer of the Innovation Hub, DIFC, underlined the role of technologies in driving the expansion of the financial sector

AIM Congress 2024 begins in Abu Dhabi

The event aims to formulate investment strategies and policies, and promote investment and economic opportunities

Dubai FinTech Summit kicks off, to discuss latest sector innovations, challenges

The MENA fintech landscape is booming with over 800 fintech startups worth $15.5 billion