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Sharjah Research, Technology and Innovation Park (SRTI Park) has confirmed its sponsorship of the Sharjah Investment Forum (SIF) 2024, an annual gathering of global investors, business leaders, and innovators aimed at exploring Sharjah’s growing investment opportunities.
ADNOC has announced the launch of a cutting-edge artificial intelligence (AI)-driven process optimisation technology, Neuron 5. Initially deployed at ADNOC Onshore’s Northeast Bab (NEB) field and ADNOC Gas’s Taweelah gas compression plant, this technology is now operational across hundreds of equipment units.
Abu Dhabi’s state investor Mubadala has invested in Yondr Group, a London-based data centre developer, marking its latest move into a sector expected to benefit from rising demand for cloud services and artificial intelligence (AI).
Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai will host the 10th World Free Zones Organisation (World FZO) World Congress from 23-25 September at Madinat Jumeirah. This year’s theme is ‘Zones and the Shifting Global Economic Structures – Unlocking New Investment Avenues’, addressing global sector priorities.
The DMCC free zone in Dubai now contributes 15 per cent of the emirate’s Foreign Direct Investment (FDI) and 7 per cent of its Gross Domestic Product (GDP), according to results from the first half of 2024.
UAE Cybersecurity Council is in the process of formulating three new policies, set to be implemented by the end of 2024, to bolster the nation’s cybersecurity framework, according to Dr. Mohammed Hamad Al-Kuwaiti, the council’s chairman. These initiatives aim to position the UAE as a leading global centre for advanced technology and artificial intelligence (AI). They will address cloud computing and data security, Internet of Things security, and the operations of cybersecurity centres.
Dubai Chamber of Digital Economy, part of the Dubai Chambers network, announced it supported 215 high-potential digital startups in the first half of 2024. This marks a 212% increase from the 69 companies supported during the same period last year, with the total market value of these startups reaching approximately USD 7B.
The General Administration of Abu Dhabi Customs has reported a 27 percent rise in digital customs transactions across Abu Dhabi’s border points during the first half of 2024, compared to the same period in 2023. Proactive and automated transactions experienced a significant 28 percent increase, making up a substantial portion of total customs transactions in the first half of 2024 versus the same period in 2023.
Amazon is aggressively developing its own artificial intelligence (AI) processors in a bid to reduce…
UAE retail investors have opted to support artificial intelligence firms while Big Tech and pharmaceutical stocks lost momentum, according to the latest quarterly stocks data from eToro, a trading and investing platform.