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Dubai Financial Center Launches Digital Economy Court
The Dubai International Financial Centre (DIFC) Court will now be taking cases online using advanced new technologies.
These days, it seems as though virtually everything has shifted from the real world to the online space. From productivity and office apps, to cloud storage and industry-specific software, most sectors of the global economy now function without a reliance on bricks-and-mortar locations.
Although the legal profession has moved many of its administrative processes online, until recent years, court proceedings have largely been conducted the old-fashioned way — that’s to say, in person.
Now, it seems, even court hearings are being digitized, as the Dubai International Financial Centre (DIFC) has just announced the launch of the world’s first international court, aimed at settling digital economy disputes. The complex infrastructure of the new legal operation will be managed by judicial experts with wide international experience, and authorities claim that the platform will provide the best legislative environment for startups and digital economy enterprises.
“The world’s first international digital economy court will enhance the ability of global companies and institutions operating in the digital economy to adapt to the future requirements of this fast-growing sector,” says Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC.
Also Read: Saudi Arabia Set To Invest $1 Trillion In The Real Estate Sector
A team of expert developers and international lawyers was tasked with building and standardizing the fully paperless platform, which will use AI and complex algorithms to help process the various forms and paperwork required by court officials.
The DIFC Courts formed a Digital Economy Court (DEC) Division back in 2021 to oversee difficult national and international cases. As technologies such as blockchain, AI, unmanned vehicles, and fintech services become increasingly complex and intertwined, new rules and regulations must be developed to manage and resolve legal disputes.
Dubai’s digital economy court represents a considerable milestone for the emirate and places the progressive, tech-first Dubai International Financial Centre at the heart of a global, fully interconnected economy.
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NASA Forms New Partnership With Saudi Space Agency
The pair will collaborate on the Center for Space Futures, advancing space tech by bringing together public and private stakeholders.
Saudi Arabia’s space industry is on the brink of substantial expansion after generating $400 million in revenue in 2022, according to a report by the Saudi Communications, Space and Technology Commission.
Now, in a new venture with NASA, plans for a “Center for Space Futures” are set to further drive the Kingdom’s aspirations of becoming a leading player in space exploration and technology.
Capturing moments from the joint delegation visit with leaders from the Saudi and American Space Agencies @NASA to @PSU_RUH, along with scenes showcasing the audience's engagement. pic.twitter.com/oB1cFTiRNl
— وكالة الفضاء السعودية (@saudispace) May 14, 2024
The partnership between NASA and Saudi Arabia goes beyond economic advantages. The pair have already cooperated on preliminary work for the Artemis II lunar mission, which is slated for a September 2025 launch and aims to land astronauts near the moon’s South Pole.
Also Read: Plans Underway For Massive Middle East Autonomous Freight Network
During a visit to the capital, Riyadh, NASA Administrator Bill Nelson emphasized in a TV interview the broader objectives of the collaboration, which encompass “returning to the moon and then [to] Mars” while utilizing space exploration to glean important insights into climate change. The NASA spokesman also reiterated the space agency’s dedication to collaborating with Saudi Arabia on other future ventures.
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