Jordan Ahli Bank Becomes First Middle Eastern Bank to Integrate AI in Customer Service with ahliGPT Launch
Jordan Ahli Bank has taken a significant step forward in embracing artificial intelligence (AI) by launching its new system, known as ahliGPT. This makes it the first bank in the Middle East to adopt AI in its customer service operations. The bank’s goal is to improve the quality of its services and integrate AI technology […]
ADGM Legal Framework Proposal for Decentralized Economy
The Registration Authority of Abu Dhabi Global Market (ADGM) has introduced a legislative framework for distributed ledger technology (DLT) projects in the UAE. This framework will cover disclosure regulations, governance structures, and liquidation procedures relating to DLT. The ADGM, a financial hub in the UAE, plans to implement a specialized licensing system that will be […]
OPNX Draws Regulatory Attention in Dubai, VARA Warns Against the Crypto Exchange
Dubai’s virtual asset regulator, VARA, has cautioned investors about the virtual asset exchange OPNX (opnx.com), which launched on April 4th, 2023. According to VARA, OPNX is not under its regulation, and any operations conducted by them in Dubai are unregulated. The exchange claims to offer exchange services for complex virtual asset products, such as derivatives […]
Securities and Commodities Authority activates applications for legacy virtual asset operators
The Securities and Commodities Authority announced the start of receiving applications for licencing companies wishing to provide virtual asset services, following the approval of the Authority’s Board of Directors on the decision to regulate providers of virtual asset services. The Virtual Assets Regulatory Authority (VARA) established clear requirements for the Virtual Assets (VA) sector to […]
UAE Journalists Association to Host Third AI Journalism World Forum
The UAE Journalists Association (UAEJA) has disclosed plans for the third edition of the Artificial Intelligence Journalism World Forum (AIJWF), which will be held on May 9th and 10th, 2023 in partnership with the Artificial Intelligence Journalism Research and Foresight Foundation (AIJRF), the Emirates Vision Foundation, and the UAE Social Media Pioneers Association. The forum […]
VAF Compliance Launches Telegram Bot Service to Help Crypto Users and Businesses Avoid Receiving Tainted Funds
VAF Compliance, a leading virtual assets and financial compliance firm, has announced the launch of its newest solution – a Telegram Bot service that assesses the risks associated with accepting cryptocurrency as payment. This innovative solution is the latest addition to VAF Compliance’s suite of compliance services, which includes outsourced compliance officers and transaction monitoring. […]
Metaverse Technology Implemented in Dubai Customs Training Program for Increased Efficiency and Innovation
Ahmad Mahboob Musabih, the Director-General of Dubai Customs, has introduced an innovative plan to revolutionize customs leadership development programs by integrating advanced Metaverse technology. This modern approach is a crucial step towards fully utilizing the capabilities of cutting-edge technologies like Metaverse, which can transform customs operations in unprecedented ways. Dubai Customs is dedicated to promoting […]
MEA to Experience Skyrocketing AI Spending Growth, with UAE and KSA Leading the Charge
The Middle East and Africa (MEA) region is projected to experience the world’s most rapid spending growth in artificial intelligence (AI), with a compound annual rate of 29.7% from 2022 to 2026, resulting in $6.4 billion in expenditures by 2026. The UAE and Saudi Arabia, two of the region’s most dynamic economies, are driving this […]
Collaboration for Innovation: FinTechs and Banks Unite at Dubai FinTech Summit Dialogues
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, hosted the second Dubai FinTech Summit (DFS) Dialogues this week, powered by the Innovation Hub. Heads of 10 leading regional banks and FinTechs were invited to unpack the challenges facing the financial sector and deliberate […]
Tokenizing Real Estate with Aqarchain: An Interview with CEO Waqas Nakhwa
Waqas Nakhwa, the founder and CEO of Aqarchain, is a revolutionary entrepreneur in the real estate industry who is dedicated to bridging the gap between web3 and traditional real estate. By integrating blockchain technology, Aqarchain is creating a decentralized ecosystem that removes traditional barriers to real estate investing. During UNLOCK Blockchain’s interview with Waqas, he […]