Seviora Group, a prominent Asia-based asset management firm headquartered in Singapore, has officially opened its first office in the Middle East, located in the Abu Dhabi Global Market (ADGM). The firm manages assets totaling US$54 billion and aims to expand its presence in the region alongside its existing offices in Singapore, India, China, and Indonesia....
The National Bank of Fujairah (NBF) has achieved significant recognition by securing two prestigious ISO certifications, reaffirming its dedication to operational excellence. The certifications include ISO 27001:2022, which focuses on Information Security Management Systems, and ISO 9001:2015, which pertains to Quality Management Systems. Mahendra Dhillon, Chief Operations and Technology Officer at NBF, noted that this...
The Cybersecurity Council of the Government of the United Arab Emirates has announced that national cyber systems successfully dealt with cyber attacks targeting 634 governmental and private entities. These attacks aimed to leak data from vital and strategic sectors across the country, applying the best global practices in this critical field. Dr. Mohamed Al Kuwaiti,...
The AI landscape is undergoing a significant transformation with the introduction of Large Quantitative Models (LQMs), which are now delivering tangible results. In just over two years since OpenAI sparked the AI race, the launch of DeepSeek’s R1 model has shifted the focus from large models to efficiency, accessibility, and practical application. With an increasing...
Small and medium enterprises (SMEs) are crucial to the UAE’s economy, contributing approximately 63.5 percent of the nation’s non-oil economy. The number of SMEs is projected to exceed one million by 2030, up from 557,000 in 2022. However, access to funding has been a significant challenge for these businesses. In response to this issue, a...
The International Distributors Conference, organized by the Sharjah Book Authority, will take place on March 7 and 8, 2024. This event is expected to attract 575 publishers from 92 countries, highlighting Sharjah’s growing influence in the global publishing industry. Sheikh Bodour bint Sultan Al Qasimi, the Chairperson of the Sharjah Book Authority, emphasized the importance...
Abu Dhabi University (ADU) has taken a significant step by joining the 4th Generation University Initiative. This move is aimed at enriching innovation and enhancing the university’s global academic presence. The 4th Generation University Initiative focuses on transforming educational approaches and emphasizes the importance of innovation in higher education. By participating in this initiative, ADU...
The Abu Dhabi government has issued an invitation for companies to submit bids for the development of an artificial intelligence system aimed at improving the interpretation of genetic data. This project seeks to create a large language model (LLM), similar to the technology behind ChatGPT, that will utilize medical and genetic datasets from the Abu...
Dubai’s real estate market has become increasingly attractive to Indian investors due to its strategic location and ongoing infrastructure developments. The demand for luxury properties has surged, with many Indians looking to invest in Dubai. Factors such as a favorable tax environment, modern infrastructure, and attractive rental yields have contributed to this growing interest. In...
The United Arab Emirates’ Abu Dhabi National Energy Company PJSC, commonly known as Taqa, has reached out to CriteriaCaixa SA, the largest shareholder of Naturgy Energy Group SA, to revive discussions regarding a potential stake in the Spanish utility valued at €24 billion (approximately $26 billion). Sources familiar with the matter revealed that Taqa’s chairman,...