RakBank has partnered with Bitpanda Technology Solutions to launch a platform allowing UAE residents to manage digital assets efficiently. Pending regulatory approval, this collaboration aims to transform the UAE’s digital financial landscape, providing RakBank customers with access to a wide range of digital assets and fostering sector growth.
Bayanat and Yahsat have successfully launched their first LEO SAR satellite, developed in collaboration with ICEYE. This satellite, part of a larger SAR constellation, will enhance geospatial monitoring across the Middle East, offering near real-time imaging for disaster management, maritime surveillance, and smart mobility, underpinning the upcoming merger into Space42.
The ‘Digital Sharjah’ platform, launched in 2021 by the Sharjah Digital Department, has processed over 952,000 transactions and attracted more than 95,000 users. It offers over 60 digital services and has seen significant growth in user engagement and downloads, demonstrating its impact on digital transformation in Sharjah.
Du, also known as Emirates Integrated Telecommunications Company (EITC), has received licences from the UAE Central Bank to offer digital financial services. This move positions Du at the forefront of the fintech sector, supporting the UAE’s vision for innovation and financial inclusion, and enabling the company to provide secure, customer-centric financial solutions.
The UAE’s Telecommunications and Digital Government Regulatory Authority has launched the ICT Regulatory Sandbox to test new tech products and services. This initiative allows for a controlled environment to assess impacts before market release, fostering innovation and enhancing legal frameworks to support rapid technological advancements.
Yuze, a UAE-based FinTech, raised $30 million in a funding round led by Osten Investments to expand its financial services for SMEs, e-traders, and freelancers. The investment will support Yuze’s growth into new markets, aiming to reach one million customers in five years, and advance financial inclusion for SMEs.
The UAE’s Telecommunications & Digital Government Regulatory Authority (TDRA) has launched the operational phase of its ICT Regulatory Sandbox. This initiative allows new tech products and services in the ICT sector to be tested in a controlled environment before market release. It aims to ensure appropriate legislative responses and foster innovation and entrepreneurship.
The UAE’s AI Office and Samsung Gulf Electronics have partnered to integrate Samsung’s Innovation Campus into the UAE AI Camp 2024. This collaboration aims to enhance AI education for UAE youth, aligning with the UAE’s AI Strategy 2031. The initiative offers comprehensive training in AI, machine learning, and emerging technologies, fostering innovation and digital literacy.
By 2031, Dubai Police will fully integrate artificial intelligence (AI) into all services, including security, crime forecasting, traffic management, and disaster response. The AI Strategic Plan 2018-2031 aims to enhance policing through AI-assisted customer service centers, smart stations, and advanced tools, aligning with Dubai’s vision for a safe, smart city.
The UAE saw an 11.7% rise in malware detections from January to May 2024, amid global cybersecurity challenges. Acronis’ H1 2024 Cyberthreats Report highlights a 293% surge in email attacks and rising ransomware threats. The report underscores the need for advanced protective measures and comprehensive security strategies for organizations.
