Author: Arabian Media staff
Image: Supplied The UAE’s Artificial Intelligence (AI) market is forecast to reach Dh170bn ($46.33bn) by 2030, according to data from Grand View Research (GVR), underscoring the country’s growing role in the Middle East’s $166bn (Dh610bn) AI boom. The California-headquartered firm said the MENA AI market, valued at $11.92bn (Dh43.7bn) in 2023, is projected to expand almost fifteen-fold to $166.33bn (Dh610bn) by 2030, growing at an annual rate of 44.8 per cent. The report follows the UAE’s rollout of its first Arabic-language AI model earlier this year. “The Middle East, and especially the UAE, is no longer just an adopter of…
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The Dubai Integrated Economic Zones Authority (DIEZ) has announced the launch of the “Employee to Entrepreneur Programme”, an initiative designed to empower employees within DIEZ and its affiliated economic zones to establish and grow their own startups. The programme aligns with the national campaign “The Emirates: The Startup Capital of the World”, launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. It reinforces DIEZ’s commitment to accelerating Dubai’s economic growth and fostering innovation by promoting a culture of entrepreneurship across the emirate. Entrepreneurs in Dubai Yousuf Behzad, Chief People…
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Abu Dhabi has cemented its reputation as one of the world’s leading cities for innovation and entrepreneurship, supported by a comprehensive ecosystem that enables startups to grow, scale, and expand into international markets. At the heart of this ecosystem is Hub71, which plays a central role in strengthening Abu Dhabi’s position as a global hub for entrepreneurship and modern technology. The community currently hosts around 300 startups, which have collectively raised AED9bn ($2.45bn) in funding and generated AED5bn ($1.36bn) in revenue — clear indicators of the vitality of the emirate’s digital economy and its growing influence as a regional innovation…
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Image: Supplied UAE telecom operator du has launched ‘Cloud Miner’, a cloud-based Bitcoin mining service designed to make cryptocurrency mining accessible to UAE residents without the need for specialised equipment or technical expertise. The service, part of du’s new sub-brand du Tech, allows users to rent computational power from du’s data centres across the UAE through a subscription-based model. Bidding for contracts will take place on Online Auction from November 3 to 9. du said the service simplifies cryptocurrency mining by removing barriers such as high electricity consumption and equipment maintenance. Subscribers can begin operations immediately after signing up and…
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