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February 15, 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.
Air Traffic Control
NEWS DESK GCC UAE

Dubai Airports Set To Soar To New Heights With Ai-Powered Air Traffic Control Systems

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Dubai airports are implementing AI to enhance the efficiency of their air traffic control systems. Last year, the Swedish aerospace company Saab got the Integrated Air Traffic Control Suite high-tech upgrade contract. Currently, the technology is being delivered and installed at Dubai International Airport, Al Maktoum International Airport (also known as Dubai World
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
Health Lifestyle

Twinn.health Launches Revolutionary AI-Driven Imaging Platform for Early Detection of Age-related Diseases

Twinn.health, a groundbreaking health technology company, today announced the launch of its AI-driven imaging platform that aims to revolutionize the early detection of age-related diseases. The platform, built on over a decade of research at Imperial College London, leverages advanced AI algorithms to analyze MRI data and provide risk assessments for common causes of
SaudiGovtGPT
NEWS DESK

A User-Friendly Interface for Government Inquiries 

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A User-Friendly Interface for Government Inquiries : Fahd Alhazmi, a Saudi engineer, recently launched a new platform to help Saudi citizens and ex-pats manage their government service needs through a user-friendly interface. The SaudiGovtGPT is an AI platform designed for Saudi citizens and residents, and it is the first of its kind in the region. […]
Business

CHIEF COMPLIANCE OFFICERS NEED TO ACCELERATE THE ADOPTION OF AI FOR CREATING EFFICIENT FCC ORGANIZATIONS

Dubai, United Arab Emirates — Compliance business has successfully leveraged digitization and robotization for seeking impact. It’s time to focus on artificial intelligence to gain on the overall process efficiency. Effiya Technologies partnered in the ‘FINTELEKT AML/CFT 12TH ANNUAL SUMMIT’, conducted in Mumbai, on 11th May 2023. Financial crimes are rising and becoming
Business

Recursion Enters into Agreements to Acquire Cyclica and Valence to Bolster Chemistry and Generative AI Capabilities

SALT LAKE CITY and TORONTO and MONTRÉAL — Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced it has signed agreements to acquire two companies in the AI-enabled drug discovery space: Cyclica and Valence. “Recursion has pioneered the massive, parallel generation of -omics
NEWS DESK

Alef Education Showcases AI-Powered Digital Learning Solutions at the 2023 Education World Forum

May 9, 2023: Alef Education, the UAE-based global EdTech provider, participates in The Education World Forum (EWF) in London, United Kingdom, showcasing innovative technology solutions to transform the EdTech sector. The company is a Silver partner of the event, which will take place from May 7–10, 2023. Under the theme of New Beginnings: Nurturing Learning […]
Business

Bidgely Partners with Moro Hub to Deliver AI-Powered Energy Insights for Enhanced Customer Engagement

DUBAI, United Arab Emirates & LOS ALTOS, Calif. — Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC) has signed an agreement with Bidgely that aims to accelerate a clean energy future by enabling utilities and consumers to make data-driven energy decisions. The agreement was signed between Mr. Mohammad
Tech

Freshworks Embeds Generative AI to Help Customer Support

Dubai, UAE – March 2023 – Freshworks Inc. (NASDAQ: FRSH) today announced new GPT-based conversational enhancements to Freshworks’ natively-built AI powered assistant, Freddy. Using OpenAI’s ChatGPT and underlying large language models, the latest generative AI capabilities of Freddy help a wide range of customer-facing professionals work faster, smarter, and more
NEWS DESK

Jedox Creates ChatGPT Integration

Jedox, an award-winning provider of Enterprise Performance Management (EPM) solutions for Financial Planning and Analysis (FP&A), has created a ChatGPT integration model that enables finance, sales, HR, marketing, supply chain, and environmental, social, and governance (ESG) teams to experiment with generative AI in their integrated business planning (IBP)
NEWS DESK

Emirates Development Bank awarded ‘Best Customer Experience Digital Platform’

Abu Dhabi, UAE: 20 March 2023 – Emirates Development Bank, a key financial engine for the economic development and industrial advancement of the UAE is pleased to have received the ‘Best Customer Experience Digital Platform’ award in recognition of its digital ‘Business Banking’ app at the Middle East Banking AI & Analytics Summit. As part […]
Humanitarian Forum In Riyadh Promotes Innovation, AI Usage In Disaster Response
NEWS DESK GCC Saudi Arabia

Humanitarian Forum In Riyadh Promotes Innovation, AI Usage In Disaster Response

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At the heart of the Riyadh International Humanitarian Forum was the need to reduce funding gaps in humanitarian aid and use science and innovation for quicker response and coordination. This third forum was put together by the United Nations and its humanitarian groups with help from the King Salman Center for Relief and Humanitarian Aid. The event took […]
Business

Regtech accelerating the adoption of artificial intelligence by the financial institutions

Dubai, United Arab Emirates — Regtech helps financial and non-financial institutions by leveraging AI to reduce the time spent on investigations and the FTE required for the investigations of financial crimes. This sentiment was commonly echoed by the panel speakers of 6th MENA Regtech: Mr. Muhammad Shahid Farid, Head of AML/CFT and Sanctions, The Commercial […]
Business

Top 5 AI Stocks 2023

Dubai, United Arab Emirates — Artificial intelligence (AI) has recently become a ground-breaking phenomenon, and is expected to excel amid rapid technology acceleration, giving rise to companies striving towards achieving digital supremacy. Here are 5 AI stocks which, according to Tradematics, are set to attract the spotlight: 1- Microsoft (NASDAQ: MSFT) Software giant

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