Category: Trading

ABU DHABI: The UAE National Pavilion, organised by the Emirates Defence Companies Council (EDCC) with support from the UAE Ministry of Defence and Tawazun Council, will showcase innovative defence, aerospace, and security products and solutions at the second edition of the World Defence Show.

The show will be held in Riyadh from 4th to 8th February 2024 and is organised by Saudi Arabia’s General Authority for Military Industries (GAMI).

The Pavilion will feature prominent EDCC members, including EDGE Group, CALIDUS, Al Yah Satellite Communications Company, National Factory for Safety and Security Products, and Al Seer Marine, to display over 150 innovative products manufactured in the UAE. It will also have a stand for Al Jundi Journal, a military and cultural magazine issued by the Ministry of Defence, and Capital Events, to promote the International Defence Exhibition and Conference (IDEX 2025).

Hosted under the theme “Equipped For Tomorrow”, the World Defence Show stands out as a key defence exhibition
focusing on the future of the defence industry and displaying the latest technologies.

Mona Ahmed Al Jaber, Chairwoman of the EDCC, highlighted the remarkable collaborative model between the UAE and Saudi Arabia, emphasising the strong commitment to strengthening strategic relationships with key partners.

She added, “Our participation reflects the strength of the exceptional collaboration model between the UAE and Saudi Arabia and the robust ties binding the two countries and is a testament to our unwavering relationship.”

“The National Pavilion provides an opportunity to highlight UAE’s leading defence industries and advanced solutions and systems. The Council aims to enhance cooperation, explore investment opportunities, broaden communication channels among interested parties, and empower defence companies to exchange ideas and expertise in the defence industry,” Al Jaber added.

“We look forward to leveraging capabilities in the defence industry, which will be accomplished through an integrated foundati
on of various specialist national companies. Through this, we hope to introduce business opportunities to local companies and promote their products.” Al Jaber said.

Khalifa Al Balushi, CEO of Calidus – a member of the EDCC -reaffirmed the company’s commitment to showcasing sophisticated defence products and solutions through specialised exhibitions.

“This is intended to foster collaboration, highlight progress in the defence industries, and explore opportunities for partnerships and exchanging experiences among diverse stakeholders at both regional and international levels,” he said.

He indicated that ‘Calidus’ is considered one of the leading Emirati companies in the field of defence technology development, specialising in manufacturing aircraft for various missions and purposes such as close air support (CAS), intelligence surveillance and reconnaissance (ISR), basic and advanced training, in addition to the manufacturing and production of ground combat 8×8 and 4×4 vehicles designated for multi-purpose
defence use.

The inaugural edition of the World Defence Show in Saudi Arabia in 2022 featured 600 exhibitors from 42 countries, with 100 official international delegations and 65,000 visitors. The exhibition witnessed the signing of defence and military procurement deals worth around US$7.9 billion.

Source: Emirates News Agency

ABU DHABIs: Real estate transactions in the Emirate of Abu Dhabi amounted to over AED5 billion in the first month of 2024, comprising 1,386 transactions of sales and mortgages on various types of real estate units.

According to the “DARI” platform, affiliated with the Department of Municipalities and Transport in Abu Dhabi, the value of real estate mortgages in the emirate reached about AED2.6 billion through registering 635 mortgage deals. The total value of sales since the beginning of the current year until today exceeded AED2.5 million, representing 751 sales transactions, distributed among 363 ready properties and 388 off-plan.

The platform highlighted the largest transactions for Abu Dhabi city by value in the past week. Mohamed bin Zayed City topped the list with a value of AED16.6 million for “Prestige Tower”, followed by Saadiyat Island with AED12.7 million for “Mamsha Al Saadiyat”.

The real estate sector in Abu Dhabi is on an upward trajectory, supported by incentives and quality real estate proj
ects launched by the department, in addition to various projects initiated by real estate entities in Abu Dhabi. These initiatives have solidified its position as an attractive environment for both local and foreign investors, enhancing the sector’s global competitiveness.

Source: Emirates News Agency

SHARJAH: The Sharjah Economic Development Department (SEDD) yesterday launched the National Entrepreneurship Exhibition in Kalba, as part of its efforts to promote national projects and the entrepreneurship sector in Sharjah.

Held from 31st January to 5th February, 2024, the exhibition was launched in the presence of Sheikh Haitham bin Saqr Al Qasimi, Deputy Head of the Office of the Ruler of Kalba, Hamad Ali Abdalla Al Mahmoud, SEDD Chairman, and several officials from the government sector in Kalba, and representatives of government agencies, institutions and sponsors of the event.

Featuring 70 exhibitors, the exhibition supports the national sector and commercial projects for entrepreneurs and empowered holders of ‘Eitimad’ domestic licences, which fall within SEDD’s strategic plans and objectives.

The exhibition aims to provide an integrated business platform for entrepreneurs and national projects with domestic or national commercial licences. The exhibition also seeks to highlight successful business
experiences and innovative projects that contribute to supporting the economic sector in Sharjah and motivate entrepreneurs to innovate by establishing their brands.

The SEDD Chairman said holding the exhibition is a pioneering step to activate the sector’s contribution to the emirate’s economic return. He added that this has happened due to the sound vision of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Executive Council, who encouraged citizens to enter the market and supported their businesses, initiatives, and ideas to attain success and sustainability.

He stressed that the exhibition allows SMEs to display their products and projects, promote them to raise the commercial level of their activities, and encourage local investment to achieve success and sustainability.

Ahmed Saif bin Saed Al Suwaidi, Deputy Director of the Commercial Affairs D
epartment at SEDD, pointed out that SEDD empowers citizens who own projects and SMEs to succeed in national entrepreneurship in various economic sectors.

Al Suwaidi also said that the exhibition enhances the culture of entrepreneurship, instils entrepreneurial thinking among young people, develops a generation of successful entrepreneurs, and provides them with the tools and knowledge that will help them enter the business world through innovative projects based on scientific foundations and strategies, where participants display their innovations and creativity in an interactive and competitive platform.

Source: Emirates News Agency

ABU DHABI: Core42, a G42 company and a full-spectrum AI enablement solutions provider, has signed a strategic partnership with AIREV, the innovative UAE start-up behind School Hack, an AI-powered EdTech platform that helps students develop the skills for the jobs of tomorrow.

Launched in February 2023 by CEO, Muhammed Khalid, Dr. Youssef Youssef and Kayaan Unwalla, School Hack has amassed over two million users in more than 100 countries, with 145,000 student users in the UAE alone. Since its launch, School Hack has answered 63 million queries using over 35 billion AI-generated words.

Core42’s product offerings, including its Condor Galaxy AI supercomputer, cloud platform, and Jais, the world’s largest Arabic language open-source LLM, have already proven their versatility and unique advantages in supporting the development of new AI tools and applications. This partnership will help enhance AIREV’s platforms’ Arabic language capabilities as well as scale up its operations, facilitating the expansion of its
user base and expediting the delivery of new features.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, commented, ‘The partnership between Core42, one of our national champions in advanced technologies and AI, and AIREV, the creator of School Hack AI and one of our most promising homegrown start-ups, is an example of the strength and depth of the UAE’s tech ecosystem. School Hack, founded less than a year ago, was one of the fastest-growing AI start-ups globally in 2023 and with Core42’s strategic guidance and support, will continue to pioneer bleeding-edge AI technologies in a number of sectors. AIREV’s story is a clear example of how founders in the UAE developing next-generation technologies such as AI, robotics and quantum computing can access the support they need to fund, scale and deliver game-changing tech innovation.’

School Hack, AIREV’s flagship initiative, is changing the educational landscape through its AI-powered platform. Designed to foster critical thinking and problem-
solving skills, School Hack utilises the latest AI technologies to create an interactive learning environment. AIREV has worked closely with government entities and educational institutions to ensure compliance with regulations, providing students the opportunity to interact with AI tools in a safe environment. This effort also enables the oversight agencies to govern AI usage through AIREV’s SHP platform and safeguard students as they harness the capabilities of the platform fully and responsibly. School Hack is already in use in the UAE across schools such as Citizens School Dubai.

Kiril Evtimov, CEO of Core42 and G42’s Group CTO, said, ‘Our partnership with AIREV represents an important step in our journey to elevate human experiences through responsible development and adoption of AI at scale. It is rooted in our shared passion for education, and the application of cutting-edge technology to address the evolving needs of educators and learners.

This strategic collaboration epitomises Core42’s dedication
to harnessing the transformative power of AI, driving the nation’s vision forward, and unwavering commitment to working closely with the national start-up community – cultivating a thriving local technology ecosystem, fortified by advanced AI infrastructure, tools and capabilities.’

Muhammad Khalid, CEO and Founder of AIREV, Creator of School Hack, said, ‘Partnering with Core42 marks a significant milestone, showcasing our commitment to AI excellence. The UAE’s dedication to AI advancement sets a global standard. Together, we’re focused on developing Gen AI products to positively impact lives. This collaboration, strengthened by our close relationship with the Core42, embodies our vision for a better, tech-driven future.’

Core42 and AIREV’s collaboration encapsulates the UAE’s ambitious AI strategy to establish the nation as a pioneering AI hub by 2031, aligning with the vision to integrate AI across key sectors, enhancing economic performance and preparing a future-ready workforce.

Source: Emirates News
Agency

ABU DHABI: AIQ, a technology pioneer focused on driving AI-powered transformation across industries, will elevate health and safety monitoring for industrial sites through a new collaboration with Milestone Systems, one of the largest providers of video management software in the world.

SMARTi is an award-winning Intelligent Operational Safety Monitoring solution developed by AIQ to be applied with Milestone’s XProtect VMS platform. This AIQ’s product delivers AI-enabled, real-time active monitoring of industrial facilities and work sites, enhancing operational safety.

In doing so, AIQ will be able to scale the product seamlessly across industries and markets. The collaboration also focuses on optimising hybrid infrastructures, maximising the efficiency of edge and cloud computing for the sophisticated processing of video and sensor data.

Leveraging SMARTi’s AI capabilities for environmental monitoring, as well as achieving rigorous compliance with environmental standards, detecting and analysing potential
hazards, and streamlining emergency response actions.

SMARTi was developed to improve health and safety in industrial environments, by using AI-enabled computer vision of the existing CCTV feeds for intelligent monitoring, detection and reporting of safety protocol violations and incidents. The AI application utilises existing video systems combined with analytics to detect PPE compliance, behavioural safety, and incident detection, with automated reporting to a central command app. It is currently deployed and makes more than 1 billion predictions a day for AIQ’s clients.

This is the second major announcement of AIQ, aimed at international growth, product excellence and scale under the tenure of incoming AIQ CEO, Dr. Chris Cooper, who said, ‘Through the integration of our award-winning SMARTi solution with Milestone Systems XProtect platform, AIQ is reinforcing our commitment to leading operational safety worldwide. Together with Milestone Systems, we aim to empower our clients across multiple industries t
o significantly improve their ability to monitor safety and compliance, to better react to incidents and enhance their overall HSE cultures.’

‘At Milestone, we work with best-of-breed technology leaders. This integration promises to enhance our video technology offerings and take our innovations to the next level,’ said Sebastian Döllner, Vice President, Technology Partnerships and Open Platform, Milestone Systems. “We’re excited to welcome AIQ to our thriving partner ecosystem. Integrating their technology with our open platform, data-driven XProtect VMS creates exciting new possibilities for our customers.’

Source: Emirates News Agency