Author: Mahdeehassan

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has been honoured with two prestigious awards at the Islamic Finance News Awards 2024, acknowledging the bank’s market-leading offerings and innovative banking solutions. The Islamic Finance News Awards honour the best in the global Islamic financial industry and are among the most prestigious awards recognised by Islamic banks worldwide. Emirates Islamic was awarded the title of ‘Best Overall Islamic Bank’ for the bank’s outstanding performance across banking segments and for driving growth in the uptake of Islamic banking solutions throughout the UAE. Celebrating its 20-year anniversary, the bank has made…

Dubai, United Arab Emirates: Panasonic Marketing Middle East & Africa (PMMAF) today revealed that it is all geared up for another year of exceptional growth and expansion, building on an impressive business performance in 2023. The company unveiled its action plan for the new fiscal year highlighting targeted investments to expand market presence through strategic partnerships, product diversification, sustainability and genuine customer-centricity. Aligned with its unwavering commitment to innovation and excellence, Panasonic is also moving into its next transformative chapter with key promotions in its senior leadership team, further expanding its capabilities to meet the rapidly growing demand for cutting-edge…

(Abu Dhabi, UAE, 29 May 2024) – A milestone achievement in the fight against misinformation has been reached with the unveiling of an unprecedented instant fact-checking tool. VGLNT, the first real-time AI-powered fact checker that seamlessly integrates with your phone, has launched its operations, reflecting the region’s commitment to addressing the global fight against misinformation. With the rise of social media and AI, misinformation has become a billion-dollar problem, shaping public opinion and making it hard for users to discern what is real, fake, or AI-generated. This groundbreaking AI tool will empower customers to verify and validate what they consume…

Dubai, United Arab Emirates– Dubai has pledged to train a million people in AI prompt over the next three years after His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council of Dubai and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF) announced ‘One Million AI Prompters’, the world’s first initiative of its kind. AI prompt engineering is critical to getting the best out of generative AI. It involves understanding the capabilities, limitations and nuances of AI models and is predicted to be one of the most important…

Michael Andersen, Founder & CEO of EuroTech ME, is accelerating his support and empowerment of youth through multiple initiatives including summer internships. “Recruiting and providing the right mentorship is a priority to us as an organization in order to bring the right elements to the team and have them grow stronger skills, but it is also a priority to me personally as both a leader and a father. The United Arab Emirates (UAE) has a pool of extremely talented individuals. Additionally, for companies, it presents a great opportunity to leverage such high-skilled profiles while sharing best practices with them,” said…

Abu Dhabi, UAE, May 2024 – Mecomed, the Medical Technology Association in the Middle East and Africa, recently participated in the Abu Dhabi Global Healthcare Week, organised by the Abu Dhabi Department of Health (DoH) under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council. This event marked a significant milestone in fostering collaborative efforts to integrate artificial intelligence within the healthcare sector. The Association hosted an insightful workshop titled “AI & Healthcare – Building the Future Together,” in collaboration with PwC at the event.…

Payrails, a leading payment platform catering to global enterprises is announcing a strategic collaboration with inDrive, the world’s second most downloaded ride-hailing app. The partnership enables California based inDrive to overcome the challenge of integrating multiple payment service providers (PSPs) and alternative payment methods (APMs) across different regions, such as MENA. Payrails implemented a solution featuring a PSP-agnostic integration layer, dynamic payment routing, and expanded alternative payment method coverage. inDrive achieved an 11% increase in card approval rates as part of an effort to boost conversion rates, accomplishing this in a fraction of the time usually required to launch each…

Over the past year, both the Tadawul (Saudi Arabia’s stock exchange) and global stock markets have defied persistent skepticism. Looking ahead, global trends will continue to impact investment opportunities, but specific changes are poised to significantly boost the Saudi stock market. Here’s why: Global Trends vs. Regional Trends: The increasing dominance of global trends over regional ones is crucial, as noted by seasoned financial analyst Shakeel Ahmed. As global and U.S. stock markets fluctuate, Tadawul follows suit, a correlation Shakeel Ahmed emphasizes. The statistical measure of correlation coefficients reflects stock volatility, a concept he underscores. Over the past 30 years,…

Paris/Riyadh, May 22, 2024 – Amsa Hospitality and Luxury Hotelschool Paris are proud to announce the signing of a strategic partnership for joint operations in the Kingdom of Saudi Arabia. This collaboration marks a significant step in elevating education within the hospitality sector. Under the new agreement, Luxury Hotelschool Paris will partner with Amsa Hospitality to review and certify training materials and conduct a “train the trainer” program across the Kingdom. This initiative is open to the entire hospitality sector and all interested hoteliers, extending beyond those employed at Amsa Hospitality. Globally recognized for its excellence in teaching and pedagogy,…

Her Excellency Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, underscored the pivotal role of enhancing the biodiversity in the restoration of Mother Nature and natural ecosystems of the planet. This strengthens the role of the UAE’s initiatives in combating climate change through nature-based solutions, environmental conservation, and fostering sustainable development across all sectors. Her Excellency said: “This year’s International Day for Biological Diversity is being marked under the theme ‘Be Part of the Plan,’ inviting all stakeholders to join hands in curbing biodiversity loss. This theme resonates with the UAE’s approach of involving all relevant…