A recent survey by PwC has revealed that 81 percent of CEOs in Saudi Arabia have embraced artificial intelligence (AI) within the past year. This statistic underscores the optimism among Saudi business leaders regarding their companies’ revenue growth, which they expect to outpace both regional and global averages in 2025. The Kingdom is establishing itself...
Abu Dhabi Global Market (ADGM), the primary International Financial Centre (IFC) in the capital of the UAE, has officially signed a Memorandum of Understanding (MoU) with Chainlink, a leader in on-chain finance. This partnership is a significant advancement in developing compliant frameworks for tokenization. The collaboration aims to support innovative projects under ADGM’s Registration Authority...
EVIQ, a prominent player in Saudi Arabia’s electric vehicle infrastructure sector, has officially opened its first highway electric vehicle (EV) charging station at SASCO Aljazeera, located along the crucial Riyadh-Qassim highway. This launch represents a significant advancement in the regional effort to promote sustainable transportation in the Kingdom. The newly inaugurated charging station aims to...
Astra Tech has announced the integration of a new smart feature called “Botim AI” into its application Botim Ultra. This development positions the app as the first comprehensive financial technology platform in the region to utilize artificial intelligence solutions. The new feature is a digital chat assistant powered by AI and is designed to provide...
Yango Group, a global technology company, has partnered with ROOTS, a food tech and retail firm, to launch autonomous delivery robots for groceries in Sobha Hartland, Dubai. This innovative service aims to streamline last-mile delivery and has obtained the necessary licensing from the Roads and Transport Authority (RTA) in Dubai. The robots are designed to...
GigaBeam Corporation has announced that it received a purchase order worth $230 000 for its WiFiber wireless fiber links. This order comes from a systems integrator for deployment in a network supporting a government project in the United Arab Emirates. The Chairman and CEO of GigaBeam noted that this order is significant as it marks...
One in four companies in the Gulf Cooperation Council (GCC) is planning to invest more than $25 million in artificial intelligence by 2025, according to a recent study by the Boston Consulting Group (BCG). This finding aligns with a broader trend, as one in three companies globally intends to allocate a similar amount to AI...
Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi and National Security Adviser, recently met with Mark Zuckerberg, the founder of Meta, and Peng Xiao, the chief executive of G42. This meeting was confirmed through a social media post, although the exact location was not disclosed. This engagement follows Sheikh Tahnoon’s earlier discussions with prominent...
Beyon has officially appointed AECOM as the master planner for its ambitious Beyon Digital City project in Bahrain. This development represents a significant step forward in creating a cutting-edge digital and technological hub, with an investment of nearly $700 million aimed at establishing a premier ecosystem for technology and innovation in the Hamala area. The...
The United States has announced a significant investment framework aimed at the United Arab Emirates (UAE), totaling $1.4 trillion. This initiative will focus on key technology sectors, including artificial intelligence (AI), semiconductors, energy, and manufacturing. The announcement highlights the U.S.’s commitment to fostering technological innovation and economic collaboration with the UAE. This investment framework is...