Al Hilal Bank is the first Islamic bank in the world to leverage Blockchain technology for the resale and settlement of an Islamic Sukuk.
Editor's Picks, Technology, UAE
Telecom subscribers in UAE rise to 24 million: TRA
The number of subscribers to telecommunications services in the UAE, whether through mobile phones, landlines and the internet, rose to around 24 million during the first five months of 2018.1 6271
Dubai DED inks deal to accelerate transition to cashless society
The Department of Economic Development (DED) in Dubai and Visa have signed a Memorandum of Understanding (MoU) to help grow the UAE’s consumer eCommerce sector by encouraging more merchants to take their businesses online, and educating consumers on the benefits of digital payments and shopping and paying online.
Oman ministry of religious affairs turns to boost efficiencies with AI
Ooredoo has signed an agreement with the Ministry of Endowment and Religious Affairs to adopt and optimise artificial intelligence (AI) technologies for Big Data and the Internet of Things (IoT).
Emirate NBD customers can now use Google Pay
Emirates NBD has announced that its debit and credit card customers can now pay via Google Pay.
UAE, Saudi Arabia firms fail to integrate tech to drive customer loyalty: study
A recent study highlighted that a majority of organisations in the UAE and Saudi Arabia are failing to measure the right information to really understand what is driving customer loyalty.
Dubai-based property website raises $120 million in investments
Private equity firm General Atlantic has led a $120 million investment and acquired a minority stake in Middle East real estate classifieds website Property Finder, Reuters reported.
Samsung leads GCC smartphone market: report
Smartphone shipments to countries in the Gulf Cooperation Council (GCC) increased for the first time since Q1 2017, according to a recent report.
Digital transformation investments to cross $40 billion in four years
Annual spending on digital transformation (DX) initiatives in the Middle East, Turkey and Africa is set to cross the $40 billion by 2022.
UAE residents can now trade via this locally based crypto exchange
A digital currencies wallet and trading platform which offers an additional cash deposit service has recently launched in the UAE.
AI is a key tool for human development, says UAE minister
Artificial intelligence and advanced technologies are key tools for humanity, according to Omar bin Sultan Al Olama, UAE Minister of State for AI.