Connect with us

News

35th World AI Show ends with achievers honoured in Dubai

Published

on

World-AI-Show-Alhamed
Spread the love

Headline staff

Dubai, May 26, 2022:
The two-day 35th global edition of World AI Show & Awards, the longest running AI series, organized by Trecon, closed on a high note with the inaugural World AI Awards to recognise contributions in various fields on Thursday.

Held under the patronage of the Private Office of Sheikh Saeed Bin Ahmed Al Maktoum, a member of the royal family of Dubai, the World AI Show and Awards brought together the most powerful voices in the global AI and RPA space.

The second day of the World AI Show kick-started with a panel discussion on Women in AI. The confluence of global AI women leaders equivocally stressed the significance for women to prove their worth and get recognition on merit. There was a broader representation of views with panelists from the UAE, Germany, and Oman on stage.

James Connolly, the regional director of DarkTrace, spoke about using artificial intelligence to surgically respond to fast and furious attacks and the threat landscape in 2022.

Padam Kafle, the Aster Hospitals head of IT and Automation, touched on the growth in enterprise adoption of the 5G network. Kafle took the award for best project implementation under the best AI use-case award in the private sector on behalf of Aster.

Other sessions included topics such as ethical uses of AI, ways for successful rapid implementation, trends, and scaling the adoption of AI to deliver business outcomes.

A special award was handed out to Eng Fahad A Alhamed, the Founder and Chairman of the Saudi Cloud Computing Association, who was given the AI Visionary of the Year award.

Emirates NBD Bank had three innovations shortlisted in the banking category and the team representing faced some nervous moments before knowing that it was the model they created for ensuring compliance with financial regulations using a quantitative scoring system with scorecards to identify bottlenecks.

In addition, they have created a call center analytics that uses AI to predict consumer behavior, as well as a Multiplier effect that gives the next-best action and personalization for a better banking experience.

With his ENBD colleagues, Sachin Chandna received the best AI use case award private sector in the banking segment along with his head of customer intelligence who received the AI proponent of the year award in the private sector as well.

World-AI-Show-awards

The inaugural World AI Awards winners pose with the jury members at the Jumeirah Emirates Towers in Dubai. Photo by Trescon

Startup World Cup

The opening day saw the UAE finalist being spotted for the Startup World Cup. Affinsys, a startup running AI solutions for banks, telecom and insurance companies, won after the jury took a live decision based on final pitches from the top contenders and voted for UAE’s representation among 60-plus countries from where the World Cup winner will receive $1 million funding.

The inaugural edition of the World AI Awards was hosted in top glory with many AI visionaries and true flag bearers of the MENA region receiving the award for their contribution in the field of artificial intelligence.

“Dubai has always welcomed talent and we always looking to create a better future, so it was only natural for us to be associated with this event,” said Hisham Al Gurg, CEO at the Private Office. “AI is the future and it is nice to see so many experts and leading companies at World AI Show & Awards.”

Winners of World AI Awards:

Best AI use-case in Private Sector:
Healthcare – Aliasgar Bohari, Zulekha Hospital
Education – Shameed Sait, GEMS Education
Banking – Sachin Chandna, Emirates NBD
Financial Services – Saurav Suman, The Family Office
Manufacturing – Wissam Al Adany, ADES Arabia Holding
Retail – Mustafa Hussein, IKEA, Saudi Arabia
Best Project Implementation – Padam Kafle, Aster Hospitals

Best AI use-case in Public Sector:
Healthcare – Dr Maryam Alsharaf, Emirates Health Services
Best Project Implementation – Dr Maryam Alsharaf, Emirates Health Services
Education – Saud Aldajah, Higher Colleges of Technology
Energy & Utilities – Awad El-Sidiq, Adnoc Distribution

Others
Best Young Role Model – Maya Hiba, Al Ramz Corporation
Best Value Chain – Raman Nathani, Rafed Pure Health
Most Popular Proponent of the Year – Sachin Chandna, Emirates NBD Bank
Visionary of the Year – Fahad Alhamed, Saudi Cloud Computing Association chairman

Business

What new UAE anti-money laundering measures mean for businesses

Published

on

Spread the love

The UAE is strengthening its crackdown on financial crime, with the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation Financing approving a new set of measures to boost transparency and enforcement.

Announced after its latest meeting, chaired by Khaled Mohamed Balama of the Central Bank of the UAE, the updates aim to strengthen how authorities detect, investigate, and prevent illicit financial activity.

A key highlight is a new national guide on financial intelligence and money laundering investigations, which improves coordination between agencies and introduces updated procedures for tracking and recovering assets, including those linked to virtual assets.

The committee also approved risk assessments across financial institutions, virtual asset providers, and non-financial sectors, enabling more targeted enforcement and oversight.

Stricter compliance for businesses

For businesses in the UAE, the new measures mean stricter compliance requirements but also a more stable and trusted operating environment.

Companies, especially in finance, real estate, and emerging sectors like virtual assets, will need to strengthen due diligence, improve internal controls, and align with updated risk assessments and reporting standards set in coordination with the Central Bank of the UAE.

While this may increase operational oversight and compliance costs in the short term, it enhances transparency, reduces exposure to financial crime risks, and reinforces the UAE’s reputation as a secure global business hub, ultimately boosting investor confidence and long-term growth opportunities.

Additional updates include revised national risk assessments on proliferation financing and non-profit organisations, reinforcing a risk-based approach to regulation.

While largely behind the scenes, these changes play a key role in maintaining the UAE’s position as a secure and trusted global financial hub, something that directly impacts businesses, investors, and the wider expat community.

Officials say the measures mark a more advanced phase in the country’s regulatory framework, with stronger coordination and improved readiness to address evolving financial risks.

Continue Reading

News

UAE motorists to see new parking charges in Abu Dhabi neighbourhood

Published

on

Spread the love

Motorists in Abu Dhabi’s Mohamed Bin Zayed City will soon need to factor in parking fees, as paid parking is set to roll out in additional commercial sectors starting May 6.

Under the new system, drivers will pay Dh2 per hour for standard parking in sectors ME9 and ME12, as part of ongoing efforts to improve traffic flow and accessibility in busy neighbourhood hubs.

The initiative is being implemented by Q Mobility under the supervision of the Integrated Transport Centre (ITC), reflecting a broader push to modernise urban mobility across the capital.

For many UAE residents and expats living in the area, the change marks a shift from previously free parking to a more structured system designed to reduce congestion and limit random parking, particularly around commercial and service outlets.

The rollout will cover more than 10,000 parking spaces, including 3,219 spaces in ME9 and 6,986 spaces in ME12, along with designated spots for People of Determination.

To make the transition easier, motorists can pay through multiple digital channels, including apps like Darb and TAMM, as well as SMS and on-site payment machines, offering flexibility for residents who rely on different payment methods.

Authorities say the system is designed to support local businesses by improving access to shops and services, making it easier for customers to find available spaces.

Continue Reading

News

UAE mandates better housing, healthcare, and safety for workers

Published

on

Spread the love

The UAE is stepping up efforts to improve worker welfare, as the Ministry of Human Resources and Emiratisation (MOHRE) rolls out a comprehensive set of regulations governing labour accommodation across the country.

The new guidelines aim to raise living standards for workers, many of whom are part of the UAE’s diverse expat community, by introducing enhanced health, safety, and well-being measures, including mandatory free internet access in accommodation facilities.

Under the updated rules, employers are required to provide licensed and adequate housing or offer a housing allowance. Larger accommodations housing 1,000 workers or more must now include 24-hour medical clinics, along with recreational spaces and access to financial services.

The changes also place a stronger emphasis on mental well-being. Accommodation managers are expected to organise social and recreational activities during official holidays, helping workers stay connected and engaged outside of work.

Location planning is another key focus. Labour accommodations must be situated near industrial zones and transport networks, while maintaining safe distances from residential neighbourhoods and environmental risks.

In terms of daily living standards, the regulations outline clear requirements for cleanliness, proper lighting, sanitation, food preparation areas, and access to safe drinking water, as well as pest control and secure gas systems.

Emergency preparedness has also been reinforced. Employers must provide first aid rooms, isolation areas, and emergency response plans, while larger facilities are required to have on-site doctors, nurses, and ambulance services.

To ensure accessibility and transparency, workers must be given written guidance in multiple languages, explaining their rights, health and safety procedures, and how to contact authorities for support or to file complaints. This is complemented by clear emergency signage, evacuation plans, fire safety measures, and regular drills.

The ministry says these updates are part of a broader push to strengthen worker protection, ensure compliance, and enhance quality of life.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/