News

Dubai Robot Maker To Triple Workforce And Build New Plant

Micropolis is preparing for a $37 million New York Stock Exchange listing that will help the company deliver 350+ robots a year.

Published

1 year ago

January 10, 2024

Nour Nasir

dubai robot maker to triple workforce and build new plant

Micropolis

Micropolis, a Dubai-based manufacturer specializing in autonomous mobile robots, plans to construct a new production plant and triple its workforce using cash from an upcoming New York Stock Exchange listing.

Once operational in Dubai Production City, the Micropolis factory plans to produce one robot a day to meet a growing customer demand.

micropolis autonomous robots m1 and m2

Micropolis currently produces two autonomous robots: a golf cart-sized machine known as the M1 and a smaller M2 model which both use the same platform that combines autonomy and advanced AI features.

In 2018, Dubai’s police department became interested in the technology being developed by Micropolis and commissioned an autonomous mobile robot (AMR) featuring AI to help survey areas and improve crime prevention.

micropolis founder and ceo fareed aljawhari

“We have software developed in-house called Microspot, equipped with five AI engines – facial recognition, behavior analysis, ANPR [automatic number-plate recognition], criminal logic, and suspect matrix. It makes the robot drive like a patrol car and think like a police officer. It reports suspicious activity, and Dubai Police can scan and keep an eye on communities 24 hours a day,” explained Fareed Aljawhari, Micropolis founder and CEO.

A smaller version of the robot will be trialed in April 2024 before being introduced to more areas later in the year.

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Micropolis robots have also shown potential in the oil and gas industries for pipe surveillance and can also be used to collect and sort garbage. Meanwhile, Neom, Saudi Arabia’s futuristic mega city, is interested in using similar security robots to one developed for Dubai Police.

Since 2018, Micropolis has raised over $8 million in funds from overseas investors and is expected to raise another $37 million from an imminent New York Stock Exchange listing.

Related Topics:Dubai Micropolis Robotics

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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

6 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.