AI Set to Significantly Boost UAE’s Economy by 2030, Says Astra Tech CEO
AI is projected to significantly enhance the UAE’s GDP, contributing up to $100 billion by 2030, as highlighted by Astra Tech’s CEO at the Dubai AI & Web3 Festival.
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UAE Unveils Roadmap for 6G Rollout, Aiming for Global Leadership by 2030
The UAE’s Telecommunications Authority has unveiled its 6G Roadmap, aiming for a 2030 rollout. This groundbreaking technology will support innovations like AI, remote surgeries, and digital transmission of human senses. A committee is established to drive research and set global standards for 6G.
UAE Ministry of Energy and Infrastructure Launches AI-Powered Chatbot for Public Inquiries
The UAE Ministry of Energy and Infrastructure has launched “Ask MOEI,” an AI-powered chatbot offering 24/7 real-time support for public inquiries and service requests. This initiative aligns with the “We the UAE 2031” vision, enhancing digital transformation and improving service efficiency.
Ziina Raises $22M in Series A Round to Accelerate Expansion and Product Development
Dubai-based fintech startup Ziina has raised $22 million in a Series A funding round to accelerate its growth and expand product offerings. The company, known for its innovative payment solutions, plans to use the funds to develop new features and explore market expansion in the UAE and beyond.
Yahsat Approves Interim Dividend of 8.40 Fils Per Share for H1 2024
The GAM is scheduled to take place on 26th September 2024, though the exact date may be subject to change, pending a decision by the Securities and Commodities Authority.
du Participates in International Government Communication Forum to Advance UAE’s Communication Standards
du is participating in the International Government Communication Forum (IGCF) in Sharjah, focusing on enhancing government communication strategies and cultural excellence in the UAE. The event, centered on “Agile Governments…Innovative Communication,” will explore the future of resilient governments through innovative communication, addressing global challenges and opportunities in governance.
UAE’s Jaywan Payment Platform Set for Full Rollout with Support from Banks, e& UAE, and du
The UAE’s new Jaywan payment platform, backed by Al Etihad Payments, is set for a full rollout in Q4-2024, offering lower-cost debit and prepaid card options. Supported by banks, e& UAE, and du, Jaywan aims to provide significant savings and tailored rewards for UAE consumers, enhancing both online and in-store payment experiences.
e& Enterprise Completes $60 Million Acquisition of Turkey’s GlassHouse Bilgi Sistemleri
e& enterprise, the enterprise arm of UAE’s e& group, has acquired Turkey’s GlassHouse Bilgi Sistemleri for $60 million. The acquisition strengthens e&’s service portfolio, particularly in data backup, business continuity, and SAP infrastructure. GlassHouse’s financials will be consolidated into e&’s from September 1, with minimal impact on overall figures.
UAE National Pavilion to Showcase Advanced Defence Technologies at SOFEX 2024 in Jordan
The UAE National Pavilion will participate in SOFEX 2024 in Jordan, showcasing advanced defence technologies from leading UAE companies. Supported by the Ministry of Defence and Tawazun Council, the pavilion aims to foster international cooperation, form strategic partnerships, and highlight the UAE’s role as a regional hub for defence innovation and manufacturing.
myco Secures $10 Million in Series A Funding, Plans Strategic Expansion
Web3 streaming platform myco has raised $10 million in its Series A funding round, securing a post-money valuation of $80 million. The funds will support its expansion into new markets and the relaunch of its utility token on the Aptos Blockchain. The company also reported its first profitable year with $7.5 million in revenue.
