INDEX Holding Leads Industry Transformation Through Advanced AI and Technology Integration

  • INDEX Holding Receives the Legend Award category during The World CIO 200 Summit UAE Edition 2024
  • INDEX Conference and Exhibition: Tech Integration Drives USD 49 Billion in Trade Deals and Record Participation
  • UAE’s Commitment to AI Leadership: A National Responsibility

Dubai, United Arab Emirates – 12 August 2024:INDEX Holding is leading a transformative move in its operations through the advanced integration of artificial intelligence (AI) technology across all its subsidiaries, both locally and globally. This strategic effort is in alignment with the visionary directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasizing AI’s pivotal role in both business and everyday life.

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UAE’s Technology Innovation Institute Revolutionizes AI Language Models With New Architecture

  • The Falcon Mamba 7B is the no. 1 globallyperforming open sourceState Space Language Model (SSLM), as independently verified by Hugging Face
  • SSLMs have a low memory cost and don’t require additional memory to generate arbitrary long blocks of text
  • Falcon Mamba 7B also outperforms traditional transformer architecture models such Meta’s Llama 3.1 8B and Mistral’s 7B
  • New model reflectsthe innovation and pioneering approach of Abu Dhabi in AI research and development

Abu Dhabi-UAE: 12thAugust, 2024 – The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), has released a new large language model in its Falcon series, the Falcon Mamba 7B. The new model is the no. 1 globally performing open source State Space Language Model (SSLM)in the world, as independently verified by Hugging Face.

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External Events Fuel Exceptional Growth for DWTC’s Hospitality Division in H1 2024

DWTC’s Hospitality division marks a significant increase in its external catering business, by catering to over 104,000 guests at high profile events in H1 2024, more than doubling H1 2023 numbers

  • Weddings at DWTC record strong H1 2024 performance with guests catered to increasing by 41%, 35,150
  • To match the business growth, DWTC’s Hospitality team also grows in scale, with an increase in the number of chefs as well as both permanent and temporary staff

Dubai, UAE – 12 August 2024: Dubai World Trade Centre (DWTC) today announced impressive results for its Hospitality business in the first half of 2024, cementing its position as a premier provider for external events and on-site catering services, in addition to its established reputation for providing catering services for events held at DWTC venues.  The division marked a significant increase in the number of guests catered to at external events, with 104,732 guests served in H1 2024, compared to 43,615 in H1 2023, marking a substantial rise of 140%. This growth reflects DWTC’s growing influence and expertise in delivering off-site catering across the UAE.

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Superstar Women dominate Global Chess League 2024 Player Draft; Vaishali R, Hou Yifan among top picks

~ 30 of the world’s best chess players were handpicked by six franchises at the Global Chess League Player Draft ~

~ Season 2, featuring six teams, will take place in London from October 3rd to 12th ~

India/London, 12th August 2024: The Global Chess League, a joint venture between FIDE and Tech Mahindra, is all set for the second season as 30 of the world’s best chess players were handpicked by six franchises during the Player Draft held on Sunday in New Delhi.

Following thehuge success of the inaugural edition in Dubai last year, the second season is scheduled to take place from October 3rd to 12th at Friends House in London. All six teams – Alpine SG Pipers,Ganges Grandmasters, Mumba Masters, PBG Alaskan Knights, defending champions Triveni Continental Kings, and the debutants American Gambits– engaged in a thrilling bidding process to assemble strong squads for the second season of the league.

With 1000 points allocated to use during the bidding process, each franchise filled their quota of two Superstar Men, two Superstar Women, and one Prodigy player, in addition to the Icons announced last month.

The stellar line-up of Icon players include Magnus Carlsen (Alpine SG Pipers), Viswanathan Anand (Ganges Grandmasters), Maxime Vachier-Lagrave (Mumba Masters)Ian Nepomniachtchi (Triveni Continental Kings), and debutants Hikaru Nakamura (American Gambits) and Anish Giri (PBG Alaskan Knights).

The proceedings began with Richard Rapport getting drafted into Alpine SG Pipers, who completed their quota of Superstar Men after retaining the services of Praggnanandhaa R. American Gambits then completed their Superstar Men slots by picking Vladislav Artemiev and Jan-Krzysztof Duda. Arjun Erigaisi and Parham Maghsoodloo were drafted to Ganges Grandmasters, while PBG Alaskan Knights acquired Shakhriyar Mamedyarov and retained Nodirbek Abdusattorov. Triveni Continental Kings picked up Wei Yi and Teimour Radjabov.

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Al Habtoor Group Showcases Unprecedented Construction Records in 12 months at Al Habtoor Tower

Highlights

  • Completing within 8 months approximately 6km of Barrettes (90m deep shear walls) and 1 km of circular piles
  • Reserving 24,000 sqm of existing floor slabs
  • Reaching 33% completion milestone
  • Achieving a 6-day floor cycle of 4,000sqm composite slab
  • More than 2.5million working hours accident-free
  • Completion of BARETTE foundations at a record depth of 100m
  • Serviced by the world’s fastest vertical transportation 24 high-speed lifts travelling at 7m/sec

Dubai, UAE – Al Habtoor Group, a pioneer in the construction and real estate industry, is proud to announce remarkable construction progress at Al Habtoor Tower, poised to become a new icon on Dubai’s skyline. Under the visionary leadership of Khalaf Ahmad Al Habtoor, Founding Chairman of Al Habtoor Group, this landmark development has reached significant milestones that are setting new standards in architectural design and construction excellence.

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