Monthly Archives: June 2025

Business & Investments

Global South Economic Forum to address US$4 trillion annual funding gap in developing countries

Date: Abu Dhabi, UAE; June 12, 2025

With the world’s developing nations facing an unprecedented US$4 trillion annual shortfall in sustainable development financing, leaders of the developing nations are coming together in Abu Dhabi for a landmark forum. The first-ever Global South Economic Forum (GSEF), set for June 17, 2025, will bring together policymakers, experts,  think-tankers, technocrats and innovators to drive solutions for closing this critical gap and advancing the ambitions of the developing nations.

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Technologies

Yango Group upgrades its AI assistant Yasmina

Yango Group upgrades its AI assistant Yasmina for enhanced creativity, richer conversations, and expanded language translation skills

Dubai, UAE; 12 June 2025 – Yango Group, a global tech company, significantly upgraded the LLM powering its AI assistant, Yasmina, to deliver more accurate, in-depth, and context-aware responses in both Arabic and English. The upgrade is part of a gradual rollout of YangoAI, a suite of AI features and technologies adapted and localized to meet the specific needs of regional users, powering a wide range of the company’s products and services, including Yasmina.

The AI assistant now provides 38% more relevant and up-to-date answers in Arabic, thanks to its enhanced ability to analyze web documents. The new LLM has also enabled smoother conversational interactions and reduced the number of unnecessary refusals in answers by almost 50%.

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Business & Investments

Al Ain Cooperative Society Becomes ADCOOP

One Unique Brand Across all Abu Dhabi Regions

ADCOOP consolidates six legacy grocery brands under a single identity, reinforcing community roots and aligning with the UAE’s national food security vision.

  • All 34 Al Ain Coop and Earth stores have been rebranded to ADCOOP, featuring refreshed layouts and extensive staff training, for a total investment of AED 5 million.
  • Permanently reduced prices on over 1,300 essential items, supported by a cashback initiative underscoring ADCOOP’s long-term value commitment.
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Business & Investments

MoneyGram Partners with tiqmo

MoneyGram Partners with tiqmo, one of Saudi Arabia’s Fastest-Growing Digital Wallets, to Power Cross-Border Money Movement

As one of the largest cross-border remittance and payment networks in the world, MoneyGram was selected by tiqmo for its global scale and leadership in Saudi Arabia

RIYADH, Kingdom of Saudi Arabia, June 12, 2025 – MoneyGram, a leading global payments network for consumers, businesses and communities, today announced a partnership with tiqmo, the Most Rewarding Financial App in Saudi Arabia. Through this partnership, tiqmo users across Saudi Arabia can now send international money transfers to over 200 countries and territories via the global MoneyGram network.

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