News

GITEX GLOBAL 2024 Hosts MENA’s Largest Data Center Forum

The conference highlighted innovations in AI-driven infrastructure, job creation, and sustainable practices.

Published

3 months ago

October 18, 2024

gitex global 2024 hosts mena's largest data center forum

GITEX GLOBAL 2024, recognized as the world’s premier tech and startup gathering, hosted the largest data center event in the Middle East on Thursday at the Dubai World Trade Centre (DWTC). The event showcased the region’s ambition to solidify its leadership in the rapidly growing global data center industry.

The conference spotlighted the significant role of artificial intelligence (AI) in transforming data infrastructure. Leading enterprises offered attendees a glimpse into cutting-edge innovations, setting the stage for the future of hyperscale, modular, and edge data centers.

The “Data Centres Universe” segment of the event focused on how growth is being achieved within the sector. Key players such as Khazna, Legrand, Vertiv, Alibaba Cloud, AWS, DELL, Google Cloud, IBM, and Lenovo gathered to share insights on the industry’s trajectory. They explored strategies for accelerating growth and highlighted the role of expanding data centers in fostering AI-powered innovation.

During a panel discussion, Hassan Al Naqbi, CEO of Khazna Data Centers, emphasized that the development of data centers not only fuels market growth but also drives talent development and job creation. Al Naqbi dispelled the misconception that data centers are not job generators, stating: “Data centers are vital for economies and have different roles involved. If you look at all the hyperscales, their data centers are having a huge impact on the economy as people can secure jobs which are vital for the day-to-day operations”.

The conversation also shifted to the future, with industry experts stressing the importance of sustainability in their expansion as next-generation technologies and services continue to evolve.

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Marc Marazzi, Vice President of Legrand Data Center Solutions, shared his thoughts on the need for thoughtful planning in the rapidly expanding sector. He stressed the importance of balancing growth with environmental responsibility, noting: “Today, [data centers] are bigger than ever before and being built faster, but we must not lose sight of the importance of how we manufacture, what we are installing, and how they are managed”.

The hugely successful GITEX GLOBAL 2024 concludes today with Futuristic Friday, showcasing breakthrough technologies including quantum computing, advanced robotics, and space tech.

News

Daleel Expands To UAE, Tapping Into $44B Finance Market

The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.

Published

21 hours ago

January 20, 2025

Nour Nasir

daleel expands to uae tapping into $44 billion finance market

Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.

The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.

daleel expands to uae

Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.

Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.

Also Read: How (And Why) To Start A Tech Business In Dubai

Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.

Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.