News
Sarwa Helps UAE Residents Easily Invest In Global Stocks
Sarwa, the UAE-based online investment platform that is democratizing investing in the region, allows anyone to invest small amounts of money in global markets making investing simple and affordable for all investors in the Middle East.
Thanks to modern technology, lucrative investment opportunities are no longer available only to individuals with traditional access to stock markets. These days, there are many apps that let inexperienced and seasoned investors alike sit on a couch and invest their hard-earned money using nothing but a smartphone, and Sarwa is one of them.
The investment platform launched in February 2018 after raising over $1.3 million from regional and global investors during a pre-Series A. “We’re so excited to close this round with the top VCs regionally and internationally that are backing Sarwa in its growth,” said Mark Chahwan, CEO and co-founder of Sarwa, at the time.
Fast-forward to today, and Sarwa has over 25,000 registered users, who use it to invest in international stock markets through a range of class assets. Sarwa caters to everyone regardless of their net worth: the platform has high net worth individuals, mass affluent as well as small retail investors. The same users will soon be able to trade with global shares without paying any commission on their trades.
What separates Sarwa from other investment platforms that are licensed to operate in UAE, such as Wealthface or Stashaway, is its AI-driven hybrid nature and exceptional customer support. The app platform uses artificial intelligence to recommend a specific investment portfolio based on each investor’s preferences and investment priorities while also providing their client base with access to humans when needed.
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“When you start investing with Sarwa, we assess your risk profile and recommend a diversified portfolio that reflects it,” explains Chahwan. “If you are a short-term investor, then your portfolio will inherently be less risky. If you are in a portfolio that has more exposure to stocks, which is considered more growth and more risk, then you are in it for the long-term and the short-term (even if it is a couple of years) won’t have an impact on your long-term strategy.”
In its beta form, access to global stock trading will be provided exclusively to Sarwa Invest customers, but other Sarwa users can enter a waiting list to join when the full product is launched.
News
“AI Seal” Certification Now Required For Dubai Gov Partnerships
The new mandatory certification is designed to build trust in AI companies and create a reliable network of providers for government and public collaboration.
Dubai has introduced the Dubai AI Seal, a certification designed to establish trust in artificial intelligence (AI) companies and solutions. This initiative, directed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, aims to create a reliable network of AI providers which government entities and businesses can collaborate confidently.
Companies must now obtain the AI Seal to qualify for UAE or Dubai government contracts. The Dubai Centre for Artificial Intelligence (DCAI), which developed the certification, sees it as a competitive edge for companies looking to participate in key national projects. Once certified, businesses will be permitted to showcase the seal across their websites and marketing materials, signaling their credibility and dependability.
The evaluation process will consider six main criteria: the company’s services and operations, the number of employees specializing in AI, ongoing and future projects, as well as existing partnerships with public and private sector entities.
Khalfan Belhoul, CEO of the Dubai Future Foundation, which oversees the DCAI, commented on the initiative’s potential: “This initiative will help create powerful partnerships between the public and private sectors, locally, regionally, and globally. It will help drive new economic opportunities by leveraging AI to serve better the economy, society, and the future we aspire to”.
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The Dubai AI Seal’s goals include providing a clear framework for verifying AI providers, fostering business opportunities for AI companies, and acknowledging the industry’s strategic importance to Dubai’s economy. The initiative emphasizes AI’s role in driving economic growth, creating jobs, and strengthening collaboration between government bodies and technology firms.
All technology companies operating in Dubai and offering AI-related services or products are eligible to apply for the certification at no cost through the official website.
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