Etisalat Digital, in partnership with First Abu Dhabi Bank (FAB) and Avanza Innovations, have developed UAE Trade Connect (UTC), a new nationwide platform that will use the latest disruptive technologies to digitise trade in the UAE. The initial phase will focus on addressing the risks of double financing and invoice fraud before turning to other key areas of trade finance.
Finance and Policy ME
Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa and South Asia (MEASA), has partnered with The Indus Entrepreneurs (TiE), the world’s largest non-profit entrepreneurial organisation, to help Indian FinTechs scale their businesses across the region. Throughout a two-day programme, DIFC met with 17 FinTech startups from Mumbai to understand their business models and provide tailored solutions to support their growth in fast-growing emerging markets.
The UAE’s Minister for AI Omar Sultan Al Olama has openly expressed his belief that EXPO 2020 will be the greatest exhibition in its decorated and storied history. EXPO 2020 is expected to have a $30bn ripple effect if it is as successful as being projected.
A high-ranking US government official has highlighted the need to educate regulators in order for them not to distrust technology. Utah Attorney General, Sean Reyes made the remarks during a robust panel discussion at the AI Everything conference which is being held at the Dubai World Trade Center in Dubai.
The UAE has adopted a new national AI strategy in the hopes of establishing a brand of artificial intelligence within the nation.
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