News

Cisco Boosts Investment & Digitization In Saudi Arabia

The tech giant unveiled plans for a new regional headquarters in Riyadh and announced the third phase of its Country Digital Acceleration (CDA) Program.

Published

12 months ago

March 5, 2024

Nour Nasir

cisco boosts investment and digitization in saudi arabia

At LEAP 2024, digital communications technology giant Cisco revealed new strategic initiatives in Saudi Arabia that will grow the company’s long standing presence in the region and reaffirm its commitment to local customers. Based on a Regional Headquarters license issued by the Ministry of Investment in 2023, Cisco unveiled plans for a new regional head office in Riyadh and the beginning of the third phase of its Country Digital Acceleration (CDA) Program.

HE Vice Minister of Communications and Information Technology, Eng. Haitham bin Abdul Rahman Al-Ohali commented: “Technology is a key enabler in achieving the Saudi Vision 2030. Investments of global tech players like Cisco play a crucial role in strengthening our technology landscape, [bringing] the Kingdom forward on its path to a diversified, knowledge-based economy”.

As well as a brand new headquarters, Cisco’s Country Digital Acceleration (CDA) Program will align with the goals of the Saudi Research and Development National Strategy, focusing on Health and Wellness, Sustainable Environment & Affordable Supply of Essential Needs, Energy & Industrial Leadership, and Economies of the Future.

First launched in Saudi Arabia in 2016, the CDA program has supported digitization and helped to develop innovation in sectors including healthcare, education, smart cities, and government digitization. Cisco has now trained over 335,000 people in the Kingdom on cybersecurity, programming, and networking while also collaborating with King Abdullah University of Science and Technology (KAUST), Saudi Authority for Data and Artificial Intelligence (SDAIA), and Vision 2030 Giga Projects.

Also Read: Fintech In The UAE Is Set To Add $900 Per Capita By 2030

“Today’s announcements reinforce Cisco’s commitment to support the digital ecosystem in Saudi Arabia,” explained Salman Faqeeh, Managing Director, Cisco Saudi Arabia. “I am proud of what we have achieved through our longstanding presence in the Kingdom and via our active programs like CDA and Cisco Networking Academy, and I am looking forward to more milestones. With our technologies spanning every IT and business objective, from networking to security, collaboration, monitoring, application development, and more, Cisco continues to be at the heart of driving digitization together with our customers and partners”.

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

7 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.