News

Bahrain Gears Up For The Fintech Revolution Summit 2024

The summit in Manama will host 750+ thought leaders, entrepreneurs, and tech experts from around the world.

Published

12 months ago

January 25, 2024

bahrain gears up for the fintech revolution summit 2024

Bahrain’s premier fintech event, the Fintech Revolution Summit is scheduled to take place on the 14th and 15th of February 2024 in Manama, Bahrain — a leading MENA financial hub.

The summit will bring together 750+ fintech experts and thought leaders to discuss trends surrounding financial technology and investment opportunities. The dedicated event is also the best opportunity to learn more about Bahrain’s Vision 2030 goal of becoming a cashless society.

Also Read: A Guide To Digital Payment Methods In The Middle East

Fintech founders, central bank officials, policymakers, entrepreneurs, investors, and academics will come together at the event to learn, discuss, and network. In addition, banking technology, cybersecurity, e-payment, forex, and payment gateway providers will also be in attendance, showcasing a host of solutions for the future of finance.

For more information about the Fintech Revolution Summit, visit the official website.

News

“AI Seal” Certification Now Required For Dubai Gov Partnerships

The new mandatory certification is designed to build trust in AI companies and create a reliable network of providers for government and public collaboration.

Published

19 hours ago

January 21, 2025

Nour Nasir

ai seal certification now required for dubai gov partnerships

Dubai Media Office

Dubai has introduced the Dubai AI Seal, a certification designed to establish trust in artificial intelligence (AI) companies and solutions. This initiative, directed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, aims to create a reliable network of AI providers which government entities and businesses can collaborate confidently.

Companies must now obtain the AI Seal to qualify for UAE or Dubai government contracts. The Dubai Centre for Artificial Intelligence (DCAI), which developed the certification, sees it as a competitive edge for companies looking to participate in key national projects. Once certified, businesses will be permitted to showcase the seal across their websites and marketing materials, signaling their credibility and dependability.

The evaluation process will consider six main criteria: the company’s services and operations, the number of employees specializing in AI, ongoing and future projects, as well as existing partnerships with public and private sector entities.

dubai ai seal certification

Khalfan Belhoul, CEO of the Dubai Future Foundation, which oversees the DCAI, commented on the initiative’s potential: “This initiative will help create powerful partnerships between the public and private sectors, locally, regionally, and globally. It will help drive new economic opportunities by leveraging AI to serve better the economy, society, and the future we aspire to”.

Also Read: Top Free AI Chatbots Available In The Middle East

The Dubai AI Seal’s goals include providing a clear framework for verifying AI providers, fostering business opportunities for AI companies, and acknowledging the industry’s strategic importance to Dubai’s economy. The initiative emphasizes AI’s role in driving economic growth, creating jobs, and strengthening collaboration between government bodies and technology firms.

All technology companies operating in Dubai and offering AI-related services or products are eligible to apply for the certification at no cost through the official website.