News

Bahrain Plans To Develop 300 Smart Factories By 2026

The iFactories initiative will adopt the top regional and global practices to ensure sustainability and raise productivity.

Published

1 year ago

August 29, 2023

Nour Nasir

bahrain plans to develop 300 smart factories by 2026

Bahrain has launched an initiative to support its manufacturing sector as the world moves closer towards the Fourth Industrial Revolution. The initiative is known as iFactories and will assess factories’ readiness and digital maturity while allowing businesses to invest in new infrastructure and manufacturing automation technologies.

Abdullah bin Abdel Fakhro, Bahrain’s Minister of Industry and Commerce, said the initiative aims to transform 300 manufacturing facilities into smart factories by 2026.

The initiative will use a four-step process:

Evaluation by the ministry with technical assistance to conduct self-evaluation.
Evaluation by a team of accredited evaluators.
Empowerment, involving the factory creating a digital transformation plan.
Development, with the ministry monitoring the transformation process.

Dr. Khaled Fahad Al Alawi, Assistant Undersecretary for Industrial Development, explained that smart factories would be evaluated using the SIRI index, an international standard based on applying practices and tools centered around the Fourth Industrial Revolution.

Also Read: Phoenix Group & Green Data City Plan Crypto Farm In Oman

The latest initiative is part of broader plans to drive growth by modernizing Bahrain’s industrial sector and encouraging businesses to automate and expand their operations.

News

Yabi Introduces AI Financial Coach For Smarter Money Moves

The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.

Published

3 hours ago

February 22, 2025

Nour Nasir

Yabi

Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.

Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.

Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.

Here are some of the updated app’s new features:

AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.

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

Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.

Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.