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Industry Experts Highlight Opportunities and Challenges of Gen AI in Finance
In the financial services industry, generative artificial intelligence (AI) is poised to usher in a myriad of opportunities, promising enhanced job productivity, improved efficiencies and hyper-personalization. But despite these prospects, the technology is also expected to introduce a number of
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DIFC Plans 20 Days of Finance Events
Dubai International Financial Centre announced an series of finance events and activities spanning 20 days, in celebration of the Centre’s 20th Anniversary. From 29 April to 29 May, participants will have the opportunity to engage in a diverse range of
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Fintech Surges in MENA Though Talent and Capital Gaps Persist
The Middle East and North Africa (MENA) region is experiencing significant growth in its fintech sector, with several cities located in Gulf Cooperation Council (GCC) nations in particular emerging as globally recognized fintech hubs. But in order to sustain this
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Qatar Will Launch Instant Payments in March
Qatar Central Bank (QCB) has called on the local banks to adjust their status as part of its preparations to launch the instant payment service (Fawran) in March 2024. The service is within the QCB‘s pioneering and innovative initiatives in
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UAE’s E-Invoicing Model: A Blueprint for the Region?
More than 100 experts from 24 countries gathered in Dubai on February 13 and 14, 2024, for the second edition of the E-Invoicing Exchange Summit. Amid the recent and forthcoming introductions of E-Invoicing in the MENA region, the timing of
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Personetics Co-founder David Sosna Steps Down as CEO, Udi Ziv Named Successor
Personetics, a global provider of data-driven personalisation solutions, announced that it has named Udi Ziv as its new Chief Executive Officer. Ziv, who brings a wealth of experience from previous leadership roles, including at SAP, NICE, and Earnix, will replace
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Venture Debt Fund Stride Supports Hub71
Hub71, Abu Dhabi’s global tech ecosystem, and Stride Ventures, a venture debt fund, have partnered to support startups in Abu Dhabi. Through this partnership, Hub71 will leverage Stride Ventures’ expertise, to provide startups with access to capital and mentorship opportunities
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Switzerland and Qatar Continue Collaboration Discussion About Digital and Sustainable Finance
The second session of the Joint Economic and Financial Committee between the Ministry of Finance of the State of Qatar and the Swiss Federal Finance Department was held recently in Doha. HE Minister of Finance Ali bin Ahmed Al Kuwari
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Emirates NBD Partners With Singaporean AI Financial Crime Platform
Emirates NBD announced a strategic partnership with Silent Eight, a technology company which offers an advanced AI and machine learning platform to identify and prevent financial crime. The partnership is in line with Emirates NBD’s vision to be the most
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Changing Consumer Behavior, Digital Adoption Drive E-Commerce Surge in the Middle East
The Middle East is witnessing a dynamic shift in consumer behavior, preferences and digital adoption, prompting a transition towards online shopping and e-commerce, a new report by RetailX, a UK-based retail and e-commerce research company, says. The report, titled “Middle
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