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Basil Macklai, Head of Middle East at IDnow, added, “PayRemit is providing an essential service for workers who play such a crucial role in the UAE economy. We look forward to applying our extensive global experience of working with buy-now, pay-later (BNPL) players to support PayRemit. Our cooperation will ensure world-class, secure digital identity proofing that makes it far easier for customers to set up an account and streamline approvals for the business.”

‘Today, we established the Higher Committee for Future Technology and Digital Economy in Dubai to consolidate Dubai’s status as a global digital economy hub. Dubai’s digital transformation drive was initiated by @HHShkMohd in 1999.

NextGenFDI seeks out businesses from around the world that are focused on applied technology in various sectors and provides them with the market entry fundamentals required to launch and scale from within the UAE. These firms employ highly skilled AI, gaming, data science, and software developers, coders, and consultants.

A recent report commissioned by Dataiku, the platform for everyday AI, shows that the UAE is the leader in leveraging data, data science, and artificial intelligence (AI) for business growth and decision making.

The Executive Program was launched in September 2021 to support UAE government and business sectors—unlocking the potential of AI through practical applications to national challenges.

Mohamed Bin Zayed University of Artificial Intelligence (MBZUAI) has announced that the second edition of its Executive Program will commence at the end of March.

Commercial Bank of Dubai has approved a debt financing deal with Postpay, an omni-channel Buy Now, Pay Later provider in the Middle East, according to a media release. This inaugural debt financing arrangement is another example of how FinTech and traditional banks are partnering to leverage their collective experience and expertise to enhance the suite of financial products offered in the market.

Darwinbox, Asia's fastest-growing HR digital platform, has raised USD72 million in a new fundraising round, with the MENA region selected as a key growth area in its next phase of global expansion.

RNTrust ORCA will cater to organisations in the Middle East who require high levels of data security and protection but do not have the expertise or budget to implement a complex enterprise-class solution

MetaTerrace, a lounge restaurant in the Central Park Towers of the DIFC, was opened by ColossalBit (DIFC). MetaTerrace is a one-of-a-kind establishment that merges the digital and real worlds in accordance with the metaverse principle.