United Arab Emirates

Report: US and UAE Plan AI Partnerships
Report: US and UAE Plan AI Partnerships
May 21, 2024  |  Artificial Intelligence

The United States and the United Arab Emirates are reportedly strengthening their artificial intelligence ties. Omar Sultan Al Olama, the UAE’s state minister for AI, said his...

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Digital Stagnation Pressures UAE Merchant Growth
Digital Stagnation Pressures UAE Merchant Growth
May 13, 2024  |  VISA

In the United Arab Emirates, 71% of consumers actively use digital features to enhance their shopping experiences. Yet valuable opportunities to build on this robust...

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Report: US Looks to Forge AI Partnerships With UAE
Report: US Looks to Forge AI Partnerships With UAE
April 21, 2024  |  artificial intelligence

The White House reportedly wants U.S. artificial intelligence (AI) companies to form partnerships in the United Arab Emirates (UAE). By launching operations in the UAE,...

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Microsoft Invests $1.5 Billion in UAE AI Firm G42
Microsoft Invests $1.5 Billion in UAE AI Firm G42
April 16, 2024  |  Investments

Microsoft has invested $1.5 billion in Abu Dhabi-based artificial intelligence (AI) firm G42. The investment is the latest in a series of collaborations for the company and...

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PhonePe and Mashreq Partner to Enable UPI Payments in UAE
PhonePe and Mashreq Partner to Enable UPI Payments in UAE
April 01, 2024  |  Partnerships

Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals. These transactions...

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How AI Investments Could Change the Middle East
How AI Investments Could Change the Middle East
March 25, 2024  |  artificial intelligence

Saudi Arabia’s reported $40 billion artificial intelligence (AI) investment fund represents a leap to redefine the Middle East’s role in the global technology landscape.  The...

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ADIB Launches B2B Marketplace for Business Services in UAE
ADIB Launches B2B Marketplace for Business Services in UAE
January 10, 2024  |  B2B Payments

Abu Dhabi Islamic Bank (ADIB) launched a B2B marketplace designed to support small- to medium-sized businesses (SMBs) in the United Arab Emirates. The new ADIB...

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BNPL Finds Appeal in Wealthy Middle Eastern Countries
BNPL Finds Appeal in Wealthy Middle Eastern Countries
December 19, 2023  |  Buy Now Pay Later

There’s an old story, possibly apocryphal, where F. Scott Fitzgerald tells Ernest Hemingway: The rich are different from you and me. Replies Hemingway: “Yeah, they...

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JPMorgan Expanding UAE Services to Wholesale Banking Clients
JPMorgan Expanding UAE Services to Wholesale Banking Clients
November 27, 2023  |  Banking

J.P. Morgan says it is expanding its presence in the United Arab Emirates (UAE). The banking giant announced Monday (Nov. 27) that it will begin...

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