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February 13, 2025
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Business GCC Oman

Joyalukkas Exchange Oman adopted Artificial Intelligence aided technology to enhance the efficacy of sanctions screening

Muscat, Oman — With the success story in UAE, Joyalukkas Exchange has expanded the rollout of Artificial Intelligence-enabled compliance solutions to other countries. Joyalukkas Exchange is one of the leading money exchange houses in the Gulf and Effiya is the analytics technology partner in their journey of transforming AML/CFT compliance with AI and Machine learning.
Business

Hevolution Foundation to Host Panel on Healthspan Investing at 2023 BIO International Convention

RIYADH, Saudi Arabia — Hevolution Foundation, a global non-profit organization that provides grants and early-stage investments to incentivize research and entrepreneurship in healthspan science, announces its participation at the upcoming BIO International Convention, taking place at the Boston Convention Center, June 5-8, 2023. As part of its commitment to advancing
Business GCC UAE

Child restraint systems: Lack of ownership, usage and knowledge remain a key issue of road safety in the UAE

Dubai, United Arab Emirates — CYBEX, a leading German car seats and stroller brand and RoadSafetyUAE announce their partnership to address an important topic of road safety. The partners analysed the data of 3 research waves conducted before and after the introduction of the holistic seat belt law in 2017 and come forward with their […]
Business GCC UAE

UAE pledges additional $2.7bn in industry offtake agreements, invites global investors to leverage incentives

Abu Dhabi, United Arab of Emirates — His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, today announced $2.7 billion in offtake agreements for the UAE’s industrial sector in a move to boost local manufacturing, strengthen supply chains and attract international investors. Addressing the second Make it in the Emirates Forum, HE […]
Business GCC UAE

UAE’s Falcon 40B, World’s Top-Ranked AI Model from Technology Innovation Institute is Now Royalty-free

Abu Dhabi- United Arab Emirates — The Technology Innovation Institute’s (TII) Falcon 40B, the UAE’s leading large-scale open-source AI model, is now free of royalties for commercial and research use, in response to global demand for inclusive access to AI. Ranked #1 globally on Hugging Face’s leaderboard for large language models (LLMs), Falcon 40B outperforms […]
Business GCC UAE

UAE’s Falcon 40B Dominates Leaderboard: Ranks #1 Globally in Latest Hugging Face Independent Verification of Open-source AI Models

Abu Dhabi, United Arab Emirates — Falcon 40B, the UAE’s first large-scale open-source, 40-billion-parameter AI model launched by Abu Dhabi’s Technology Innovation Institute (TII) last week, soared to the top spot on Hugging Face’s latest Open Large Language Model (LLM) Leaderboard. Hugging Face, an American company seeking to democratize artificial intelligence through
Business GCC UAE

NewLink and Dubai Chambers Forge Strategic Partnership to Support Bilateral Innovation Exchange and Collaboration

BEIJING — On May 22nd, 2023, a pre-launch event launched at Dubai Chambers headquarters, aiming to empower Chinese technologies and innovative companies to leverage Dubai as a global hub for international expansion, further strengthening bilateral ties and fostering innovation between Dubai and China. Chinese digital energy service enterprise, NewLink, was also invited as
Business

500 Global and Sanabil Investments announce Batch 5 of the Sanabil 500 MENA Seed Accelerator Program

RIYADH, Saudi Arabia — 500 Global, a leading multi-stage venture capital firm, and Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth, and small buyouts, today unveiled the 14 startups in Batch 5 of the Sanabil 500 MENA Seed Accelerator Program 2023. The final set of companies that have been […]
Business GCC UAE

UAE’s Technology Innovation Institute Launches Open-Source “Falcon 40B” Large Language Model for Research & Commercial Utilization

Abu Dhabi-United Arab Emirates — The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), today strengthened its growing international influence in the field of artificial intelligence by announcing that “Falcon 40B,” the UAE’s first
Business GCC Saudi Arabia

center3, owned by stc group and Alcatel Submarine Networks to connect Saudi Arabia with Europe

Riyadh, Saudi Arabia — center3, owned by stc group, on behalf of the consortium partners of EMC Subsea Cable Company Ltd (EMC Company) and Alcatel Submarine Networks (ASN), the leader in the manufacturing and installation of submarine optical systems, announced the signing of the Supplier’s Contract for the construction of two subsea and terrestrial data […]
Business GCC UAE

Calling innovators and industry leaders: Secure your spot at WETEX and Dubai Solar Show 2023

Dubai, United Arab Emirates — Dubai Electricity and Water Authority (DEWA) has started receiving applications from exhibitors and companies from around the world to participate in the 25th Water, Energy, Technology, and Environment Exhibition (WETEX) and Dubai Solar Show (DSS). The exhibition is organised by DEWA under the directives of HH Sheikh Mohammed bin Rashid […]
Business

IHS Towers Publishes 2022 Sustainability Report

LONDON — IHS Holding Limited (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has today published its 2022 Sustainability Report. The report covers sustainability activities from January 1, 2022 to December 31, 2022, and is prepared in accordance with the […]

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