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Economy Middle East Summit
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Technology
Region
Middle East’s digital economy to grow from $180 bn in 2022 to $780 bn in 2030
UAE releases Arabic software that can power GenAI apps
Technology
X Hiring paves way for Musk’s everything app
There is a lot of catching to do with China’s WeChat
Technology
OpenAI sets sights on surpassing $1 bn in revenue
Company is demonstrating its remarkable financial prowess
Technology
AI startup Hugging Face attracted funding valuing it at $4.5 bn
Open-source AI is key
Bahrain
Bahrain witnesses over 2.2 mn egovernment transactions in H1 2023
Country to launch 300 smart factories in two years
Technology
Fines for data mismanagement over $1 bn by 2026
Mismanaged subject rights requests erode trust between organizations, customers
Bahrain
Binance Bahrain BSC launches crypto futures in that country
Local users eligible for USD-margined, coin-margined futures
Technology
Bottoms up: Bitcoin not staying at current price range
August has become BTC’s worst month of 2023
MENA
Cost of data breach in Middle East at all-time high
Finance sector hardest hit
Saudi Arabia
The Kingdom is hosting Seamless Saudi Arabia 2023
under the patronage of H.E. the Governor of the Saudi Central Bank
Technology
UAE partners with Mastercard to accelerate adoption of AI
Mastercard establishes a global centre for advanced AI, cyber tech in Dubai
Technology
Nvidia becomes first ever $1 trillion-dollar chip business
The company uplifted the shares of other Big Tech stocks
Technology
Using on-chain data to assess market risks, opportunities for crypto assets
New report unveils key metrics for smart investments
Saudi Arabia
Seamless Saudi Arabia and Fintech Saudi sign MoU
Forging long-lasting partnership
Technology
Al Masaood Technical Services and John Cockerill Services forge comprehensive partnership
To drive innovation in UAE's nuclear Industry
Oman
Oman to compete on crypto and smart tech in GCC
Homegrown startup establishing an 11 MW capacity pilot bitcoin mining site
Technology
Warehouse robots getting smarter, faster, delivering strong ROI
Robotics sector expected to hit $225 billion by 2030
Technology
Gartner forecasts worldwide AI Chips revenue to reach $53 bn in 2023
By 2027, AI Chips revenue forecast to more than double
Technology
Moon mission successes and failures paint a story of human resolve
India’s latest landing part of a race to tame earth’s only satellite
Technology
India’s historic achievement with landing near the south pole of the moon
Modi: A historic day for India's space sector
Technology
6 in 10 retailers to use AI for better shopping experience
Boosting productivity and improving ROI are also key motivations
Technology
Tokenization is an older technology getting new love
2 percent of the global money supply will be tokenized in the next 5 years
Technology
Today’s space race is about colonizing the moon
Water on the lunar south pole of interest to NASA, Russia, and China
Region
UAE, Oman, upping stake in crypto mining
Cheap electricity key to current and future growth
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