Business & Investments

Middle East Continues its Year on-Year Growth with AuM Reaching $2.3 Trillion in 2023

  • Globally, in 2023, Assets Under Management (AuM) Rose by 12% to Nearly $120 Trillion.
  • BCG’s 22nd Annual Global Asset Management Report Examines How AI Improves Productivity, Customer Engagement, and Private Market Expansion.

Dubai, June 5, 2024 – Boston Consulting Group (BCG) has released its 2024 Global Asset Management Report, highlighting the Middle Eastern asset management sector’s significant contribution to the industry’s growth. According to the report, the region’s Assets Under Management (AuM) surged by 13%, rising from $2 Trillion in 2022 to $2.3 Trillion in 2023, emphasizing the sector’s pivotal role in the global asset management landscape.

BCG’s latest report, “AI and the Next Wave of Transformation,” comprehensively analyzes how artificial intelligence reshapes the asset management industry. The report surveyed asset managers who collectively oversee over $15 Trillion in assets and reveals a strong consensus among industry leaders that a shift toward AI-driven management is essential.

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Education

Canadian University Dubai partners with Global University Systems Canada to create pathways to medical schools


Agreement provides BSc in Public Health graduates with direct entry to North American medicine programs

Mr. Buti Saeed Al Ghandi, Chancellor of Canadian University Dubai and Ms. Cyndi McLeod, CEO of Global University Systems Canada, at the MoU signing 

June 06,2024, Dubai, UAE:  Canadian University Dubai (CUD) has signed a ground-breaking agreement with Global University Systems Canada, to provide students with a structured pathway to enter one of three medical schools in North America. Under the partnership, graduates of CUD’s Bachelor of Science in Public Health degree programs will have the unique opportunity to earn direct entry into Saba University School of Medicine (SABA), Medical University of the Americas (MUA), or St. Matthew’s University School of Medicine (SMU). The collaboration marks a significant milestone as the first of its kind in the UAE, the GCC and the MENA region.

The CUD campus at City Walk Dubai 

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Technologies

HUAWEI MatePad 11.5″S with New Generation PaperMatte Display is Now Available in the UAE

HUAWEI MatePad 11.5″S with New Generation PaperMatte Display is Now Available in the UAE

With 3rd gen HUAWEI M-Pencil supporting NearLink and upgraded Huawei Notes – intuitive note-taking experience

Dubai, UAE, June 5, 2024: The HUAWEI MatePad 11.5”S, the first tablet to feature the new generation PaperMatte Display, is now available in stores and online. Packed with features designed for creatives and professionals alike, the MatePad 11.5″S aims to bridge the gap between traditional and digital artistry. The HUAWEI MatePad 11.5″S comes in three colours: Violet, Space Grey, and Silver Frost.

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Technologies

SAP Infuses Business AI Throughout Its Enterprise Cloud Portfolio

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SAP Infuses Business AI Throughout Its Enterprise Cloud Portfolio and Partners with Cutting-Edge AI Leaders to Bring Out Customers’ Best

SAP Business AI Innovations and Collaborations with Partners including Google Cloud, Meta, Microsoft, Mistral AI and NVIDIA Ignite Ingenuity

ORLANDO, Florida — June 5, 2024 — At its annual SAP Sapphire conference, SAP unveiled generative AI innovations and partnerships that showcase how the company is taking business to the next level in the era of AI. By infusing Business AI across an enterprise cloud portfolio that powers the world’s most mission-critical processes and partnering with companies pushing the edge of what’s possible with AI, SAP is igniting a new wave of insight and ingenuity in global business.

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Technologies

HID® and AWS Collaborate to Deliver Advanced Facial Imaging Technology Powered by AI

HID® and AWS Collaborate to Deliver Advanced Facial Imaging Technology Powered by AI

HID’s U.ARE.U™ Camera Works with Amazon Rekognition to Deliver Facial Analysis and Verification at Scale in Self-Service and POS Environments

June 5, 2024 – HID, the worldwide leader in trusted identity and biometric solutions, is excited to announce that its advanced imaging technology and U.ARE.U™ Camera Identification System now works with Amazon Rekognition, a fully managed computer vision cloud service in the identity verification process.

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