Ora Developers, a premier name in luxury real estate, has signed an agreement with Yubi, a global fintech unicorn, in a move that marks a significant shift in the UAE real estate market, moving from traditional manual financing to a hi-tech, AI-driven mortgage ecosystem.
Nearly all CEOs in Qatar expect the economy to improve over the next year, with 97% expressing confidence in domestic growth, according to PwC’s 29th Global CEO Survey.
Only 12% of financial services organisations have AI projects fully deployed enterprise-wide, and a substantial 62% still remain in pilot or development stages, says a new study.
TASC Group, a leading workforce, people advisory, corporate compliance and AI-led business solutions company in the Middle East and North Africa, has appointed Jayajyoti Sengupta as its new Chief Executive Officer. He takes over the role from its Founder Mahesh Shahdadpuri who has been named its Executive Chairman.
Dubai’s Roads and Transport Authority has signed a co-operation agreement with Glydways, a global leader in automated transit networks, for setting up an automated transit network, introducing a new mode of transport based on autonomous electric vehicles supported by AI technologies in Dubai.
Saudi Water Authority has collaborated with IBM, a leading provider of global hybrid cloud and AI and consulting expertise, for the launch of its AI-powered Digital H2O Platform, a next-generation digital ecosystem designed to accelerate the kingdom’s water sector transformation.
Swiss-based International Free Zone Authority (IFZA) has entered into a strategic collaboration with Aleria, an IHC Group affiliate, to advance the development of AI-driven digital services and intelligence capabilities that support IFZA’s ongoing digital transformation.
Saad Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said Qatar continue to believe in gas as the energy of the future and that increasing demand will continue to be driven by global economic growth and other factors like artificial intelligence and data centres.
US President Donald Trump has ordered all federal agencies to immediately cease their use of artificial intelligence products developed by the startup Anthropic, in the latest escalation of tensions between the White House and Silicon Valley over the role of AI in national security.
Global tech leader Meta Platforms has agreed to buy 6 gigawatts’ worth of artificial intelligence computing power from Advanced Micro Devices (AMD) in a deal worth more than $100 billion that could result in Meta owning as much as 10% of AMD’s stock, said media reports.
