TECH-

G42 to develop AI corporate assistant: International Holding Company-backed tech group G42 is in the process of developing an AI “board companion,” dubbed BoardNavigator, to provide assistance for organizations and corporations worldwide in their decision-making processes, according to a statement. The AI tool will use the Microsoft Azure OpenAI service, which enables AI models to run within Microsoft’s secure platform, to process internal business data and assess risks to provide organizations’ boards with accurate data analysis and comprehensive insights.

BoardNavigator will initially be adopted within “sectors where it boasts significant expertise,including energy, health, finance, and technology,” with plans to expand the integration of the service across more industries.

Refresher- ADX-listed conglomerate International Holding Company will be the first company to adopt the AI board companion, having introduced a new board position for AI observer ‘Aiden Insight’ to assume the responsibilities of data analysis, risk assessment, strategic planning, innovation tracking, and ethical and compliance monitoring. Once active, Aiden “will attend IHC Board meetings as a non-voting observer, offering real-time insights to inform discussions and guide decisions.”

FINTECH-

Visa, Playmate and Merex partner on B2B digital rental payments system:MerexInvestment, a Dubai-based asset management firm will partner with Visa and B2B payment provider Paymate to digitize the collection of property rental fees in the UAE’s retail B2B sector, according to a press release. The agreement will see Merex integrate Visa’s Paymate-provided Business Payment Solution Providers (BPSP), allowing tenants to collect receivables through commercial card payments.

TELECOMS-

e& agreed to work with Yahsat to become the first telecom operator onboarded to its recently launched direct-2-device strategy, which aims to enable data satellite connectivity in remote areas, according to a statement. The project, dubbed Project Sky, will use three geostationary earth orbit (GEO) satellites to boost connectivity, with plans to provide voice and messaging services this year, followed by the introduction of texting and IoT capabilities on smartphones by 2025.

HOSPITALITY-

Emaar’s loyalty program expands to KSA: Emaar’s loyalty program, U by Emaar, is set to expand the scope of its benefits to include the Address Jabal Omar Makkah hotel in Saudi Arabia to provide international members in Makkah with the program’s rewards, according to a press release.

REAL ESTATE-

Dubai Land Department launched a program to encourage young citizens to participate in the real estate sector,in a bid to increase the number of national brokers from 5% to 15% in three years and further integrate 65k young Emiratis into the labor market, according to the Dubai Media Office. The initiative, dubbed the Dubai Real Estate Broker Program, comprises five key projects, including a project to encourage developers to allocate a percentage of their sales to national brokers, and a project offering specialized training to Emiratis eyeing a certified broker license.

EDUCATION-

Abu Dhabi gets a new child development center: Jubail Island Investment Company inked an agreement with Kids First Group nursery to establish a child development and learning center in Jubail Island, catering to children aged 6 months to 6 years, according to a press release. The new Redwood Center of Excellence will be situated between Yas Island and Saadiyat Island.

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