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July 31, 2021

DEWA’s R&D Centre supports 3D printing to enhance operations & services

Dubai Electricity and Water Authority’s (DEWA) Research & Development Centre at the Mohammed bin Rashid Al Maktoum Solar Park supports innovation in all production and operational areas, becoming a global platform to enhance the operations and services of DEWA’s divisions.

The Centre includes DEWA’s Robotics & Drone laboratory, which is the first building in the UAE to be fully printed onsite, and the first such 3D-printed lab in the world. The lab houses rovers and drones that are designed and built in-house.

Investing in 3D solutions

Through its R&D Centre, DEWA has developed advanced infrastructure and specialised software in 3D printing [...]

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July 30, 2021

Germany to Allow Institutional Funds to Hold up to 20% in Crypto

According to the Bloomberg report, the new law allowing German Spezialfonds to legally invest a percentage of their holdings in cryptocurrencies comes into effect next week.

As per the report, the Fund Location Act that takes effect on 2 August 2021 will allow institutional investors in the country to allocate up to a fifth of their managed wealth into bitcoin, Ethereum and other cryptocurrencies.

The funds can be accessed by institutional investors, such as pension companies and insurers.

Spezialfonds reportedly account for about $2.1 trillion of institutional wealth, meaning that if they allocate the 20% allowed by the new law, more than $400 [...]

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July 29, 2021

BIS Innovation Hub and Monetary Authority of Singapore publish proposal for enhancing global real-time retail payments network connectivity

Project Nexus will allow countries to link real-time national payment systems with minimal adaptations.

The Bank for International Settlements Innovation Hub Singapore Centre and the Monetary Authority of Singapore (MAS) published a proposed blueprint for enhancing global payments network connectivity via multilateral linkages of countries’ national retail payment systems.

Titled Project Nexus, this blueprint outlines how countries can fully integrate their retail payment systems onto a single cross-border network, allowing customers to make cross-border transfers instantly and securely via their mobile phones or internet [...]

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July 28, 2021

RTA activates nol solutions for Dubai South

Dubai’s Roads and Transport Authority (RTA) has collaborated with Dubai South Logistics District on the automated launch of nol cards solutions in the district. The initiative is a key step towards boosting the strategic partnerships between RTA and national entities and providing high-level individual and corporate services.

RTA reiterated its firm commitment to keep pace with the prevailing technology trends worldwide. Such a drive will contribute to realising the vision of the Government to rank Dubai amongst the smartest and happiest cities in the world. It will raise the profile of Dubai in embracing the latest technologies that play a key role in achieving this goal [...]

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July 28, 2021

Dubai Free Zones Council Explores Business Accelerator Initiatives and Startups Support

The Dubai Free Zones Council (DFZ Council) held its 18th meeting, headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council, to discuss strategic initiatives that support Dubai-based startups and SMEs, in coordination with business accelerators, to boost Dubai’s status as a preferred destination for foreign direct investment and innovation.

Referencing their registered AED135 billion in foreign trade in Q1 2021, approximately 38 percent of Dubai’s total foreign trade, His Highness Sheikh Ahmed lauded the role of Dubai’s free zones in creating a refreshing trade corridor with global markets and attracting foreign direct investments [...]

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July 28, 2021

DEWA adds new digital and innovative services on Apple Watch

Dubai Electricity and Water Authority (DEWA) has provided new services and benefits on its smart app through Apple Watch to enhance smart adoption and make Dubai the best place to work and live. These include utility bill details and tariff slabs, accessing the Smart Living dashboard, as well as daily, weekly, and monthly consumption reports with comparison to similar homes, through the My Sustainable Living Programme. Customers can view their customised plan to reduce waste and consumption.Through Apple Watch, customers can now activate the ‘Away Mode’ service to get notifications of unusual consumption when travelling or away from home. Customers can learn about the latest news, [...]

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July 26, 2021

LegalTech Start-up “Clara” Opens in Dubai Following Investment from DIFC FinTech Fund

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, announced that it has invested in UK-based legaltech start-up, Clara.

Clara’s innovative platform digitises and automates many of the legal tasks founders need to perform, including setting up companies in different jurisdictions.

The investment reflects the DIFC’s commitment to driving the automation and digitisation of legal services. The investment is by the DIFC FinTech Fund, a USD 100 million fund announced in 2017 to help establish, grow and upscale start-up and growth stage companies seeking access to MEASA [...]

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July 26, 2021

IFS acquires Customerville

Customerville to be integrated into the IFS Cloud proposition helping IFS customers increase engagement with their own customers, improve revenue and profitability, and drive product, service, and outcome innovation.  

IFS, the global cloud enterprise applications company, announces that it has acquired Customerville. Design-Driven Feedback™ technology provider, Customerville, is an award-winning feedback platform that elevates feedback and listening across the entire customer journey, blending technology, design, and behavioral science to emulate how people naturally share and respond to feedback.

The acquisition creates a uniquely strong proposition for IFS. [...]

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July 25, 2021

AVEVA Signs Up to Race to Zero the Largest Ever Alliance Committed to Achieving Net Zero Carbon Emissions by 2050

AVEVA Signs Up to Race to Zero the Largest Ever Alliance Committed to Achieving Net Zero Carbon Emissions by 2050

AVEVA, a global leader in industrial software, driving digital transformation and sustainability, today announced that it has become the 47th company in the FTSE 100 to join the United Nation’s Race to Zero campaign.

“By joining the Race to Zero initiative and aligning to the highest level of ambition for climate targets under the Paris Agreement, AVEVA is leading by example on climate action. We are demonstrating our commitment to work across our entire value chain to help avoid global impacts from climate change. We are also pleased to be joining [...]

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July 25, 2021

Victoria Zagorsky joins an advisory board of Cryptocurrency World – Perspectives, Insights and Analysis

Insight Middle East and Africa is pleased to announce Victoria Zagorsky, the renowned digital currency expert, Bitcoin investor and crypto trader has joined an advisory board of Cryptocurrency World – Perspectives, Insights and Analysis.

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July 25, 2021

Insight Middle East and Africa launches Cryptocurrency World: Perspectives, Insights and Analysis

Insight Middle East and Africa is delighted to announce the launch of Cryptocurrency World: Perspectives, Insights and Analysis.

Sign up to join the community of the crypto enthusiasts and to stay updated on the latest developments.

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July 25, 2021

Mohammed bin Rashid issues Decree forming Emirati Human Resources Development Council in Dubai

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No. (27) of 2021 forming the ‘Emirati Human Resources Development Council in Dubai’. The Council, which includes representatives from the public and private sector, will oversee the implementation of policies, plans and initiatives aimed at enhancing the employment of Emiratis in the private sector.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, also issued Executive Council Resolution No. (21) of 2021 appointing the Chairman and Members of the [...]

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July 24, 2021

RTA uses artificial intelligence, high-tech to improve bus services

His Excellency Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed that RTA’s precautionary measures and initiatives applied to the scheduling and the operation of public buses, marine transit means and taxis had accelerated the recovery from the Covid-19 pandemic. He stated that such measures contributed to restoring the growth of public transport ridership to 70% of the pre-Covid-19 levels. They also contributed to reducing the number of kilometres travelled by 18%, improving bus on-time arrival by 6%, and cutting carbon emissions by 34 metric tons.

Advanced Algorithms

“In [...]

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Insights by Emanuela Lertora