News
GITEX GLOBAL 2024 To Showcase Leading AI Tech Talent
The Dubai expo will bring thought leaders, founders, and investors together in a landmark event celebrating the UAE’s growing success as a global AI hub.
Over 3,500 of the tech sector’s most well-known brands will converge at the World Trade Centre in Dubai between 14 and 18 October for GITEX GLOBAL 2024, the world’s largest technology and startup event.
This year, the tech expo will see thought leaders, industry heavyweights and even government representatives gather to showcase and discuss breakthrough AI technologies while forging potential collaborations that could lead to future advancements in one of the world’s fastest-growing sectors.
GITEX GLOBAL 2024 will highlight the potential challenges surrounding AI, including ethics, government policies, and regulations. Experts will also uncover key opportunities for applying the technology in the tech, health, and finance sectors and explain how it might shape the future of work and employment.
The UAE has become increasingly prominent as a global AI hub due to a long-term government agenda aiming to harness the new technologies’ full potential. The UAE’s National Strategy for Artificial Intelligence offers a clear and determined vision to make the country an AI world leader by 2031, with significant funds already allocated to public services, tourism, energy, and education.
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AI solutions are increasingly seen as vital tools for enhanced productivity and economic growth amongst world leaders and industry experts. In a recent GITEX Tech Waves podcast, Thomas Pramotedham, CEO of Abu Dhabi-based AI enterprise Presight, explained: “Today you’ll see companies applying AI and AI evolving — in five, ten years, it will get smarter, and when it gets smarter, you’ll get more efficiency and shorter routes to answers for difficult and complex questions. In return, that will be to the betterment of society and the world we live in”.
GITEX headliners for 2024 include a host of tech giants such as Adobe, Alibaba Cloud, AWS, Builder AI, Dell, G42, Google, HPE, IBM, Meta, Microsoft, Nvidia, and Open AI. In addition, the conference will feature a star-studded lineup of keynote speakers, including Isabell Gradert, VP of Central Research and Technology at Airbus (Germany), Michael Spranger, President of Sony AI (Japan), and Stephen Ibaraki, and many more.
For more information about GITEX GLOBAL 2024, head to the official website.
News
Botim Launches MENA’s First-Ever “Send Now, Pay Later” Service
The new feature offered via the Botim Ultra App allows users to make instant transfers internationally while deferring payments.
Abu Dhabi-based tech group Astra Tech has launched a first-of-its-kind “Send Now, Pay Later” (SNPL) service in the UAE via its Botim Ultra App. The new feature lets users instantly send funds internationally while deferring payments, making Botim the first fintech provider in the MENA region to offer this kind of solution.
Astra Tech’s fintech ecosystem has seen a huge increase in transaction volumes quarter-on-quarter, and the new SNPL feature follows the success of the company’s expanded remittance services in 2023.
Expatriates form a significant portion of the UAE’s workforce. SNPL offers these residents, in particular, enhanced financial flexibility to send money overseas and pay later in manageable installments. In the first five months of 2023 alone, Dh6.74 trillion was processed by Botim in remittances from the UAE, highlighting the importance of the service.
Abdallah Abu Sheikh, Founder of Astra Tech and CEO of Botim, commented: “The launch of ‘Send Now, Pay Later’ marks a pivotal moment for Botim and Astra Tech. By leveraging advanced credit infrastructure, we’re offering users a faster, more accessible way to send remittances. This service gives millions of users the flexibility to manage their financial obligations more effectively while continuing to support their families abroad.”
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The launch of Botim Ultra’s SNPL service aligns with Astra Tech’s mission to expand financial inclusion across the MENA region. The fintech startup has already acquired a Finance Company License through Quantix, a financial service provider licensed by the Central Bank of the UAE. Quantix provides various credit solutions, including SNPL and Buy Now, Pay Later (BNPL).
Ahead of the official rollout of SNPL services, Botim will open pre-registration to its more than 9 million users, allowing early adopters to benefit from instant remittance transfers with flexible payment terms.
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