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NEWS DESK

Fitch affirms Emirates Development Bank’s ‘AA-‘ credit rating with a stable outlook

Fitch Ratings has affirmed Emirates Development Bank’s (“EDB” or “the Bank”) at ‘AA-‘credit rating, demonstrating the Bank’s strong creditworthiness due to its strategic importance to the UAE’s national agenda. The rating also comes with a ‘stable’ outlook, indicating confidence in EDB’s long-term ability to maintain its financial stability. In its report, Fitch Ratings
Space

MBRSC And HCT Unveil Cubesat Collaboration

HCT-SAT Is Due For Launch By Yearend The Dubai-headquartered Mohammed Bin Rashid Space Centre (MBRSC) and the Dubai-based Higher Colleges of Technology (HCT) have begun work on their HCT-SAT 1 Earth-observation CubeSat project. Cubesats are miniature satellites used exclusively in Low Earth Orbit (LEO). HCT students from diverse academic backgrounds are currently stationed
NEWS DESK

Applications open in UAE for Visa Everywhere Initiative

Applications are now open in UAE for the Central and Eastern Europe, Middle East and Africa (CEMEA) edition of the 2024 Visa Everywhere Initiative (VEI), a global open innovation program and competition that sees fintech startups pitch their solutions to solve tomorrow’s payment and commerce challenges. In addition to equity-free funding, VEI winners gain access […]
NEWS DESK

Misaligned upskilling priorities could hinder AI progress

Alteryx, Inc., a leader in AI for enterprise analytics, released findings from independent research revealing the workforce side effects of AI. As business leaders and recruiters across the UAE prepare for an AI-infused labour market transition, many existing roles will evolve and become obsolete, reshaping the skill stack of the future workforce at an accelerated […]