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UAE Leads Arab Region in Artificial Intelligence Adoption

UAE leads Arab region in artificial intelligence adoption

The UAE is leading the Arab region when it comes to the adoption of artificial intelligence (AI) solutions, which is set to see an annual growth rate of 33.5 per cent, a new report has revealed.

The report by the Dubai Technology Entrepreneurship Campus, prepared in collaboration with ArabNet and startAD, also revealed that the UAE is followed by Saudi Arabia with an expected 31.3 per cent annual growth rate in the adoption of AI, the rest of the GCC region at 28.8 per cent, and Egypt at 25.5 per cent.

“The UAE continues to rank high in several regional and global indicators, including competitiveness, innovation, and ease of doing business, owing to its advanced AI policy that paves the way for the implementation of various smart government components. Leading by example, the corporations in the UAE are actively preparing to leverage the strengths of AI to build defensible value for the future,” said Ramesh Jagannathan, MD of startAD.

Read more about artificial intelligence adoption in UAE


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ADGM Courts unveils world’s first digital courtroom

ADGM Courts unveils world's first digital courtroom

Abu Dhabi Global Market Courts (ADGM Courts) has launched a digital, bespoke courtroom in the ADGM Building. The digital courtroom, which ADGM says is the first of its kind worldwide, is intended to create a holistic digital environment to handle all court processes.

It provides both local and remote access to digital court files, case management and evidence bundles, in real time, so that all parties can access relevant documents immediately. Participants can be linked by broadcast-quality live video and audio links, to allow full interaction from anywhere in the world.

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UAE & Saudi Arabia working on a joint crypto-currency

Crypto UAE Saudi

The United Arab Emirates’ central bank is collaborating with the Saudi Arabian Monetary Authority (SAMA) to issue a cryptocurrency accepted in cross-border transactions between the two countries. Dubai-based media outlet GulfNews reported on this collaboration on Dec. 12.

Mubarak Rashed Al Mansouri, the governor of the UAE’s central bank, said during a meeting on the global banking standards and regulation for the Arab region that:

“This is probably the first time ever that witnesses the cooperation of monetary authorities from different countries on this topic and we hope that this achievement will foster similar collaboration in our region.”

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Kuwait’s Agility to invest $100m over 3 years in digital logistics platform

Agility logistics

Agility, one of the largest logistics firms in the region, will invest $100 million in a digital logistics platform that allows small businesses and entrepreneurs to manage their freight and deliveries online.

Shipa.com will host three targeted segments: e-commerce, delivery and freight, Agility said in a statement on Monday.

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