Monthly Archives: August 2024

Technologies

Inaugural 24 Fintech to Host Senior Government Officials and Global Finance Sector Leaders

  • H.E Mohammed Al Jadaan, Chairman of Financial Sector Development Program (FSDP), confirmed as event speaker
  • 24 Fintech summit will feature 175 hours of expert-led content delivered by prominent speakers from leading Saudi and international financial institutions; including Financial Sector Development Program (FSDP), Saudi Central Bank (SAMA), Capital Market Authority (CMA), Insurance Authority (IA), and Fintech Saudi
  • Summit to address governance, risk and policy, cybersecurity, global interoperability, and innovation in payments

Riyadh, Kingdom of Saudi Arabia – 01 August 2024: As a new era of fintech advancement and adoption unfolds across Saudi Arabia, the inaugural edition of 24 Fintech – the country’s new financial services focused summit and exhibition – will offer a stage to senior government officials and global leaders in the finance sector to address critical topics impacting transformation of the Kingdom’s finance industry.

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Education

AURAK launches Advanced Technology and Artificial Intelligence Center, as AI set to become a dominant job creator

A World Economic Forum survey reveals that half of the companies surveyed were keen to adopt AI to create jobs

Ras Al Khaimah, UAE, August 1, 2024: The American University of Ras Al Khaimah (AURAK) has launchedthe Advanced Technology and Artificial Intelligence Center(ATAIC), an innovative Information and Communications Technology (ICT) research center operating under the School of Engineering and Computing.  The launch of this center occurs against the backdrop of AI becomingthe dominant job creator globally.

This is a significant development when viewed against the findings of the World Economic Forum’s Future of Jobs survey (2023) which revealed that nearly half (49%) of the companies surveyed were keen to adopt AI to create jobs, in contrast to the 23% of respondents who expect it to displace jobs.

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Real Estate

GCC investors expected to spend more than $4bn in UK commercial property market annually: Bank of London and The Middle East report

  • Falling interest rates, improved affordability to acquire assets and improved outlook for increased investment returns to drive GCC investor appetite
  • Growing investment appetite for good quality and flexible assets with strong sustainability credentials seen as emerging trend
  • Purpose-built student accommodation (PBSA) buildings experience rise in demand due to growing number of students form the Gulf region at British universities

01 August 2024: Investment into UK commercial property by Gulf investors is expected to grow to more than $4bn (£3.1bn) annually, according to new research from Bank of London and The Middle East (BLME), a Sharia’a compliant bank based in London.

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Travel & Tourism

VFS Global introduces Japan visa services for UAE residents

  • Japan Visa Application Centres operational in Abu Dhabi and Dubai from 1 August 2024
  • E-Visa services to be made available to travellers through VFS Global’s Japan Visa Application Centres from 1 September 2024
  • Optional services such as Visa At Your Doorstep, Premium Lounge, Prime Time submissions, Form-filling Assistance, among others, offered for added convenience
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