GCC eyes early lead in global AI race

Jad Haddad 1
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Riyadh, 8 September 2024 – Oliver Wyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), recently released insights into the rapidly evolving landscape of artificial intelligence (AI), revealing significant opportunities that AI presents, while also highlighting growing concerns surrounding its adoption, from the pace of development to existential threats from the technology. The findings, drawn from the Oliver Wyman Forum report “How Generative AI is Transforming Business and Society” and related surveys, paint a picture of a world both excited and cautious about the future of AI.

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Nothing Levels Up With Phone (2a) Plus

Phone (2a) Plus enhances the performance, camera and design of Nothing’s hugely successful mid-range smartphone, Phone (2a), offering an all-around elevated smartphone experience for power users.

Dubai, UAE,  9 September 2024 – During its Press Event in Berlin, Nothing unveiled its highly anticipated new smartphone, Phone (2a) Plus, and a close-up visual of an upcoming product the company will be launching soon via social channels  

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Finstreet, a Rorix Holdings Company, to Launch First Regulated Digital Venue in ADGM for trading both Private and Public Securities

Finstreet, an IHC Group company through Rorix Holdings, unveils a bold mission to create greater liquidity for securities and other financial assets

Summary :

  • Finstreet’s group of subsidiaries constitute the first regulated, globally-focussed market infrastructure to offer an end-to-end digital ecosystem to professional investors, with a focus on providing solutions throughout the value chain, as capital markets rapidly transition to fully digital infrastructures.
  • Finstreet’s three subsidiaries have been granted FSPs (Financial Services Permissions) from ADGM’s FSRA for the launch of a Securities MTF (Multi-Lateral Trading Facility), DSF (Digital Settlement Facility), CSD (Central Securities Depository), PFP (Private Financing Platform), CIF (Collective Investment Fund), Arranging Deals in Investments, Advising on Investments or Credit and Arranging Custody. All are subject to final regulatory approvals for launch.
  • As an MTF, Finstreet Global Markets Ltd will provide a secondary market trading facility for professional clients for securities having their primary market listing on other exchanges
  • Originally pioneered by its founders in the University of Oxford’s SBS Finance Lab, Finstreet is set to launch, supported by a top-tier executive team from leading exchanges and financial institutions globally.
  • Finstreet’s future strategy envisages expansion into a full suite of assets, including commodities, following IHC’s recent announcement of Rorix Holdings, which aligns with the UAE’s CEPA strategy to enhance global finance and trade facilitation.
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AED 2.8 billion of real estate transactions in Sharjah during August

Sharjah – September – 2024

The Sharjah Real Estate Registration Department issued its report on the “Real Estate Trading Movement” for the month of August 2024. According to this report, it was revealed that the volume of real estate transactions in the various regions and cities of the emirate had amounted to AED 2.8 billion, with a total number of 3,055 transactions covering 7 million square feet of land.

Profitable returns

These results confirm that the real estate environment in Sharjah, under the directives of the wise leadership, continues to be a growing momentum with effective activity, making it a safe and fruitful haven for capital owners and elite investors looking for the optimal real estate products that achieve profitable returns on the short and long terms. This sector also provides various options for buying and selling, and meets the need for a property that enhances a dignified and integrated lifestyle and fulfills the requirements of economic well-being.

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MEP International Conference 2024 and BEDIC 2024 to Lead the Future of Saudi Arabia’s Built Environment

Jeddah, Saudi Arabia:– Saudi Arabia is set to host two groundbreaking events, the MEP International Conference 2024 and the inaugural Building Envelope Design and Insulation Conference (BEDIC) 2024, on September 16-17, 2024, at the Jeddah Hilton in the Kingdom of Saudi Arabia.

These co-located events, supported by the Ministry of Municipal and Rural Affairs and Housing (MOMRAH) along with other key industry stakeholders, will revolutionize the region’s construction landscape, emphasizing sustainable and innovative solutions in alignment with Vision 2030.

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