Artificial intelligence (AI) adoption is accelerating across the UAE's financial sector, with more than 70% of firms in the Dubai International Financial Centre (DIFC) using AI, even as Emirates NBD has allocated around 50% of its technology budget to AI initiatives.
The Seventh Forum of Central Shariah Authorities has stressed the importance of ensuring that central Shariah authorities keep pace with rapid developments in the global financial sector and strengthen coordination and consultation on emerging issues.
