Sonic Labs has decided to cancel its plans for a US dollar-pegged algorithmic stablecoin and is now focusing on developing a stablecoin denominated in United Arab Emirates dirhams. This strategic shift was announced after co-founder Andre Cronje had previously mentioned the potential for a US dollar stablecoin with an annual percentage rate (APR) of up...
JetSynthesys, a digital entertainment and technology company based in Pune, is poised to expand its operations into the West Asia region as part of a strategy to take its e-sports offerings global. This move aligns with the recent announcement by the International Olympic Committee (IOC) to host the Olympic Esports Games in 2027, with the...
At an artificial intelligence summit in Geneva, a UAE minister cautioned that militants could potentially access advanced weapons if the world does not implement necessary controls on emerging technologies. Omran Sharaf, the assistant foreign minister for advanced science and technology, emphasized the need for caution, stating that the distinction between peaceful and military applications of...
The Dubai Electricity and Water Authority (DEWA) has made remarkable progress in its digital transformation efforts, reporting that its customers conducted 14 million digital transactions in 2024. This achievement highlights DEWA’s commitment to providing integrated, secure, and seamless digital services to its users. In its ongoing strategy to enhance customer experience, DEWA has implemented various...
The United Arab Emirates (UAE) is preparing to allocate 600MHz and 6GHz bands soon, a decision aimed at accelerating the development of 6G services within the Arab world’s second largest economy. The announcement was made by the Telecommunications and Digital Regulatory Authority (TDRA) on Friday. Majed Al Mesmar, the director general of the TDRA, emphasized...
Autogo, a company based in the UAE that specializes in autonomous mobility solutions, has officially launched trials for its RoboTaxi service in Abu Dhabi. This initiative is part of a strategic partnership with Apollo Go, which is the autonomous mobility subsidiary of Baidu, a leader in large-scale self-driving transportation. The company aims to prepare for...
UAE-based Autogo, a company specializing in autonomous mobility solutions, has officially launched trials for its RoboTaxi service in Abu Dhabi. The full operations of this service are expected to commence by 2026. This initiative is part of a strategic partnership with Apollo, a company owned by Baidu that is a leading provider of large-scale autonomous...
Emirates Development Bank (EDB) has inaugurated the first artificial intelligence (AI) lab in Dubai, specifically tailored for people of determination. This initiative is part of the UAE’s Developing with Kindness campaign, aimed at enhancing the lives of citizens with special needs, as reported by Emirates News Agency (WAM), a partner of TV BRICS. The AI...
BitPanda, a regulated crypto assets platform based in Europe, has successfully acquired a crypto brokerage license from Dubai’s Virtual Assets Regulatory Authority (VARA). According to MSN, this new license allows BitPanda to extend its services to both retail and institutional investors in the MENA region, marking a big step in its international expansion. With this...
The AIM Investment Forum, one of the world’s leading economic and investment platforms, is set to explore the future of artificial intelligence (AI) and its implications for governments during its 14th edition. The forum will take place at the Abu Dhabi National Exhibition Centre. This year’s discussions will focus on how AI innovation can drive...