UAE-based AI pioneers nybl and Space42 have launched a satellite-enabled AI solution for oil and gas industries to optimize well productivity. This technological advancement predicts pump failures and enhances operational efficiencies, aiming to revolutionize the sector with significant cost savings and increased output.
The UAE Cabinet has approved its official AI policy on the global stage, focusing on responsible AI governance. This policy aims to position the UAE as a leader in AI while addressing ethical concerns, economic innovation, and international collaboration.
The UAE Ministry of Economy has welcomed UK-based TG0 and Chinese firm Zelos Technology to its NextGen FDI programme. These companies will leverage the UAE’s infrastructure to advance innovations in touch-sensing and autonomous driving technologies, contributing to the country’s knowledge economy and Vision 2030 goals.
du Pay has partnered with Emirates NBD to enhance digital financial services in the UAE by offering users a unique virtual IBAN for seamless fund transfers. The collaboration also allows cardless cash withdrawals from Emirates NBD ATMs, improving user convenience and reinforcing both companies’ commitment to innovation in banking.
