Author: Arabian Media staff
Image: Supplied The UAE’s banking sector sits at the intersection of a national digital agenda and a thriving, diversified economy, using technology as both a growth engine and a resilience strategy. Forward-thinking regulation amplifies this shift: the Central Bank of the UAE, alongside innovation-friendly financial centres such as Abu Dhabi Global Market and Dubai International Financial Centre, has fostered test-and-learn sandboxes, pragmatic guidelines for digital onboarding and e-KYC, and clear rulebooks for emerging models such as open banking, digital assets and embedded finance. Guided by an ambition to deliver world-class digital services and seamless experiences, banks are re-architecting core systems around cloud,…
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Image: Getty Images/ For illustrative purposes M42, a global health leader powered by artificial intelligence (AI), technology and genomics, on Monday announced the incorporation of M42 Saudi Arabia, marking a new phase in its partnership with the kingdom and reinforcing its support for Saudi Arabia’s Vision 2030 healthcare transformation. The announcement was made during the Global Health Exhibition (GHE) in Riyadh, highlighting the company’s commitment to advancing precision, preventive and predictive healthcare across the kingdom. Building on over 12 years of collaboration with the Saudi Ministry of Health (MoH) through the operation of more than 40 Diaverum clinics across 33…
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Image credit: Getty Images India is planning to allow direct foreign investment in state-run banks of up to 49 per cent, more than double current limits, according to a person directly involved in the policy discussions. The finance ministry has been discussing the matter with the Reserve Bank of India (RBI), the country’s banking sector regulator, over the past couple of months, said the person, adding that the proposal has yet to be finalised. Foreign interest in India’s banking industry is on the rise as evidenced by Dubai-based Emirates NBD’s recent $3bn purchase of a 60 per cent stake in…
M42, a global health leader leveraging artificial intelligence (AI), technology, and genomics, announced on October 27 the official incorporation of M42 Saudi Arabia. The announcement, made at the Global Health Exhibition (GHE) in Riyadh, underscores the company’s commitment to supporting Saudi Arabia’s Vision 2030 healthcare transformation agenda. Read more-UAE’s AI healthcare leap: The future of medicine is already here For more than 12 years, M42 has collaborated with the Saudi Ministry of Health, operating over 40 Diaverum clinics across 33 cities, including Riyadh, Jeddah, Makkah, and Madinah. The launch of M42 Saudi Arabia marks the next phase of this partnership,…