The United Arab Emirates has announced the launch of the world’s first Machine Economy Free Zone (MEFZ), setting a new global benchmark for AI, robotics, and blockchain integration. The initiative is led by PEAQ, a blockchain platform built for the Machine Economy, in partnership with Pulsar Group, an Emirati venture builder focused on emerging technologies.…
The United Arab Emirates is taking a bold leap in digital transformation by launching a state-of-the-art biometric identification system that will replace physical Emirates ID cards within the next year. The move, spearheaded by the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP), aims to revolutionize identity verification across essential sectors including banking,…
In a significant move towards enhancing the UAE’s financial ecosystem, Al Etihad Payments, a subsidiary of the Central Bank of the UAE (CBUAE), has announced a strategic partnership with Visa. The collaboration introduces Jaywan-Visa debit and prepaid cards, reinforcing the nation’s commitment to digital transformation and financial accessibility. Revolutionizing Payment Systems in the UAE The…
Small and medium-sized enterprises (SMEs) are increasingly expanding into global markets, yet cross-border transactions pose significant challenges, including high costs, compliance complexities, and security risks. Fintech innovations like WorldFirst are transforming international business by streamlining payments and offering secure, cost-effective digital financial solutions. Simplifying International Payments for SMEs WorldFirst, a leading cross-border payment service provider,…
Residents of Dubai can now renew their visas in record time, thanks to the newly launched Salama platform by the General Directorate of Residency and Foreigners Affairs (GDRFA). This AI-powered digital system streamlines the renewal process, cutting down waiting periods and eliminating paperwork. The innovative platform allows users to renew their residency visas within a…
Dubai is famous for its sightseeing attractions, skyscrapers, shopping malls, luxurious hotels, highways, and tourism. ‘Green’ isn’t the word that comes to your mind when talking about Dubai. A lot of work is being done to turn the city eco-friendly while keeping the things it’s famed for. Projects in both, private and public sectors, are…