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AIQ has secured a $340 million contract with ADNOC to implement its ENERGYai platform, marking a significant advancement in agentic AI within the energy sector. This three-year initiative aims to optimize ADNOC's upstream operations through workflow automation and enhanced data interaction, contributing to the company's digital transformation and sustainability goals. The first operational version of ENERGYai is expected by mid-2025, initially deploying five AI agents across various ADNOC assets.
AIQ has secured a $340 million contract with ADNOC to implement its ENERGYai platform, marking a significant advancement in agentic AI within the energy sector. This three-year initiative aims to optimize ADNOC's upstream operations through workflow automation and enhanced data interaction, contributing to the company's digital transformation and sustainability goals. The first operational version of ENERGYai is expected by mid-2025, initially deploying five AI agents across various upstream assets.
UAE remittance fintechs are reportedly aligning with traditional strategies up to 98%, yet they are not required to adhere to the same risk parameters or maintain minimum capital levels. This discrepancy has been highlighted by Al Ansari's Deputy CEO, who urges regulatory changes to address these issues with authorities, including the Central Bank.
UAE remittance fintechs are reportedly aligning closely with traditional strategies, achieving a match of up to 98%. However, they are not required to adhere to the same risk parameters or maintain minimum capital levels, a situation that industry leaders believe should be addressed by regulatory authorities.
ProgressSoft has partnered with Fintech Galaxy to enhance Open Banking in the MENA region by establishing national Open Banking hubs. This collaboration aims to improve API connectivity, secure data sharing, and transaction flows among financial institutions, ensuring compliance with regulatory standards and fostering innovation in the financial sector.
ProgressSoft has partnered with Fintech Galaxy to enhance Open Banking in the MENA region by establishing national Open Banking hubs. This collaboration aims to improve API connectivity, secure data sharing, and transaction flows among financial institutions, ensuring compliance with regulatory standards and fostering innovation in the financial sector.
Careem Pay has launched its remittance service to Egypt, allowing UAE residents to transfer money directly to Egyptian bank accounts at competitive rates. With Egypt being a top recipient of remittances from the UAE, the service offers near-instant transfers and rates significantly lower than traditional banks, especially for Careem Plus members. The launch coincides with Ramadan, a peak time for remittances as expatriates support their families.
Careem Pay has launched its remittance service to Egypt, allowing UAE residents to transfer money directly to Egyptian bank accounts at competitive rates. With a market size of around US$10 billion, Egypt is a key destination for remittances from the UAE, particularly among the large Egyptian expatriate community. The service promises near-instant transfers and rates that are significantly lower than traditional banks, especially for Careem Plus members, coinciding with the increased remittance activity during Ramadan.
Apple Pay is set to expand its presence in the UAE and Qatar, integrating with more local card networks. This move aims to enhance digital payment options for users in the region, reflecting the growing trend towards contactless transactions.
Standard Chartered has launched its first 'Priority Private' centre in Dubai, aimed at high-net-worth individuals (HNWIs) seeking bespoke wealth management solutions. The centre caters to globally mobile clients, particularly from India and China, focusing on cross-border financial needs and succession planning. Leveraging Dubai's status as a financial hub, the initiative aligns with the growing demand for sophisticated investment strategies among affluent populations in the region.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
AIQ wins 340 million contract to implement agentic AI for ADNOC operations
05:00 11.03.2025
AIQ secures 340 million contract to implement agentic AI for ADNOC
05:00 11.03.2025
UAE fintechs urged to adhere to same remittance regulations as traditional firms
04:33 11.03.2025
UAE fintechs urged to adhere to same remittance regulations as traditional firms
04:33 11.03.2025
progresssoft and fintech galaxy join forces to enhance open banking in mena
04:17 11.03.2025
progresssoft and fintech galaxy join forces to enhance open banking in mena
04:17 11.03.2025
Careem Pay launches remittance service to Egypt for UAE residents
03:54 11.03.2025
careem pay launches remittance service to egypt for uae residents
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03:54 11.03.2025
Apple Pay to expand availability in UAE and Qatar card networks
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21:16 10.03.2025
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