Emirates Development Bank Launches AI Wave Program to Embed AI Across the Organization

In line with the UAE’s Artificial Intelligence Strategy 2031:

Emirates Development Bank Launches AI Wave Program to Embed AI Across the Organization

Abu Dhabi, United Arab Emirates, 8 September 2024 – Emirates Development Bank (“EDB”), the key financial engine of economic development and industrial advancement in the UAE, has launched its internal AI Wave program, a strategic initiative designed to enhance organization-wide AI literacy and adoption. In alignment with the UAE’s Artificial Intelligence Strategy 2031, the program aims to support the UAE’s position as a global leader in AI innovation while improving government efficiency by advancing banking services through the effective integration of AI technologies.

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Gulf Medical University Leads Major Collaboration with Top Chinese Universities

  • Zhejiang University PhD Students Undertake Research Internships at Gulf Medical University, Strengthening Global Academic Ties

Ajman, UAE – September 9, 2024 – A group of six female PhD students from the Zhejiang University School of Medicine (China) have successfully completed their research internships at the Gulf Medical University led Thumbay Research Institute for Precision Medicine in the United Arab Emirates. The students’ summer 2024 internship provided a unique opportunity to gain hands-on experience with state-of-the-art technological platforms, including Affymetrix, Next-Generation Sequencing (NGS), confocal microscopy, liquid biopsy techniques, and zebra fish facilities. The program was instrumental in enriching their knowledge and practical skills in the field of translational cancer research, particularly in cancer immunobiology.

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GCC eyes early lead in global AI race

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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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