Category Archives: Business & Investments

Business & Investments

Raza Beig Returns: Unveiling Artfi, the Game-Changing Blend of Art and Blockchain Technology

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Dubai, UAE (June 7, 2024) – After a two-year media hiatus, Raza Beig, a renowned titan in the retail industry, is making waves once again. This time, he merges his retail acumen with the transformative power of blockchain technology in the art world through his latest venture, Artfi.

Mr. Aly Raza Beig co founder Artfi

“I’ve been off media for the past two years as my new interest in the world of underlying technology and Art has made me busy building the vision Artfi along with founder Asif Kamal and co-founder Aly Raza Beig. It’s an incredible fusion of traditional art and modern technology that democratizes art ownership,” says Raza Beig, a distinguished collector with three decades of art collecting experience.

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Business & Investments

Middle East CEOs: Remaining competitive in the age of GenAI requires taking significant risk

CEOs are increasingly looking to disrupt their own ways of working, rewriting their organizational playbooks and accelerating the pace of change

DUBAI, UAE, JUNE 25th, 2024 – A new study by the IBM Institute for Business Value has found that CEOs believe remaining competitive in the age of AI demands taking significant risk.

68% of Middle East CEOs surveyed agreed that the potential productivity gains from automation are so great they must accept significant risk to stay competitive. Meanwhile, 46% of respondents are determined to take more risk than the competition to maintain their competitive edge.

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Business & Investments

CEOs Advisory Council of UAE Banks Federation reviews plans and initiatives

Abu Dhabi, United Arab Emirates; 25 June 2024:

The CEOs Advisory Council of the UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its second regular meeting of 2024 yesterday (24th  June) under the chairmanship of His Excellency Abdulaziz Al-Ghurair, Chairman of the Board of Directors of UAE Banks Federation, to discuss the latest advancements and key developments in the banking and finance sector and review progress in the implementation of initiatives. The meeting also discussed plans to achieve Federation’s strategic goals and plans for this year.

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Business & Investments

UBS strengthens Global Wealth Management’s Middle East team with ten new hires

Dubai, United Arab Emirates, 25 June 2024 – Through the combination of UBS and Credit Suisse, UBS is now the leading wealth manager in the Middle East – a key region the bank has been active in for 60 years.

In order to seamlessly execute on the bank’s strategy and maintain an unwavering focus on clients’ needs as the integration progresses, UBS Global Wealth Management is updating its regional organization and strengthening its teams on the ground. We are pleased to announce three new senior hires as part of this progress: 

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Business & Investments

Accelerating AI Adoption in Saudi Arabia BCG Survey Reveals Strong Consumer and Employee Support

  • In Saudi Arabia, 83% of consumers are familiar with GenAI, and 18% have used GenAI applications.
  • 69% of Saudi employees are excited about GenAI’s impact on the workplace, indicating strong support for AI integration across industries.

Riyadh, June 25, 2024— Saudi Arabia demonstrates significant potential in the realm of Generative AI (GenAI), aligning with global trends that recognize AI’s crucial role in enhancing daily life. According to recent research by the Boston Consulting Group (BCG) titled “Consumers Know More About AI than Business Leaders Think”, there is substantial awareness and enthusiasm for AI among Saudi consumers, though adoption rates indicate room for growth.

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