Tech Week: Palestinian companies make their mark in London


Matthew Davies
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  • Arabic

With a focus on the most fundamental human connector of recognition, one trailblazing Palestinian company has travelled to London's technology week to increase representation of the Arab world's people and places across AI-based products.

“We noticed that generative AI tools were lacking the resonance from the Arab world due to a lack of data, so we decided to start providing Arab image data sets,” Mohammad Alnobani, the co-founder and chief executive of The Middle Frame, told The National.

His venture is at London Tech Week looking for more AI companies to team up with from within the 45,000-strong crowd at the conference.

The Middle Frame began as a photograph company providing tens of thousands of images from 2,000 photographers in 16 countries in the Mena region. In its libraries are images that show the range of cultural and geographical experience and views from across the Arab world.

But now the company is branching out into the world of artificial intelligence, by providing data sets of images for machine learning. Essentially, it can provide a rich variety of data sets of uniquely Arab images that can be used by AI companies to create algorithms.

Within the 146 countries represented at this year's London Tech Week were around a dozen entrepreneurial companies from Palestine, keen to exhibit their wares, network and possibly create a partnership or two.

Mohammad Alnobani, founder and chief executive of The Middle Frame, at London Tech Week. Matthew Davies / The National
Mohammad Alnobani, founder and chief executive of The Middle Frame, at London Tech Week. Matthew Davies / The National

As London rapidly becomes a centre for AI innovation, The Middle Frame and several of the dozen Palestinian companies present at London Tech Week had an eye out for partnerships, investors and business networking opportunities, and Mr Alnobani said he had “a couple of really good leads for clients and potential collaborations”.

Omar Abdellatif, chief executive of Dragon Solutions, agreed that London Tech Week was “one of the most important venues in the world in this industry” and that attending the conference at the Olympia exhibition hall was a “very important opportunity”.

Based in Ramallah, Dragon Solutions products help their clients with marketing automation that facilitates customer interactions.

“Basically, every customer interaction starts with a chat – this is the most basic form of communication,” Mr Abdellatif told The National.

An example of The Middle Frame's cultural images that could be sold as datasets for AI companies. Photo: The Middle Frame
An example of The Middle Frame's cultural images that could be sold as datasets for AI companies. Photo: The Middle Frame

“When the customer comes in the chat, we qualify this customer, and we push them through separate flows, depending on their intent.”

Once the system recognises what the customer wants it will guide that customer to the appropriate department, be that sales, support or brand information.

“It's a complete solution that helps you automate all the customer interaction and eliminates the human factor in between,” Mr Abdellatif said.

Tremendous opportunity

Also at the Palestinian Pavilion at London Tech Week was a FinTech company called Kanz, that specialises in connecting financial institutions such as banks with customers through an AI platform.

The idea is that an AI robot will help consumers find the right financial product for them, or find best pricing on a business loan.

“The documents are captured, assessed, verified and data is extracted, and then it enters through a process of risk analysis and pricing,” Kanz founder and vice chairman Bashar Abu Ein, told The National.

London Tech Week. Matthew Davies / The National
London Tech Week. Matthew Davies / The National

At the end of that process, the customer is given a real-time market price for a specific banking product.

Mr Abu Ein said London Tech Week was a tremendous opportunity, because the UK capital is the “financial capital of the world”.

“As a FinTech, it's really good to be in this environment and meet VCs [venture capitalists] that are interested in FinTech solutions and meet customers that are interested in fintech solutions,” he said.

“And I love London,” he added, “Personally, I think it's a great city to be in.”

Israel-Palestine war

Showing their products and skills at London Tech Week, was also an opportunity for the Palestinian companies to be seen in a context different to the one that has so dominated the news in the past nine months.

All three entrepreneurs have their roots in the West Bank, which they strenuously pointed out has suffered nowhere near the devastation that Gaza has in the current conflict with Israel. Nonetheless, they were all adamant that technology, and AI in particular, has a major part to play in Palestine's economic development.

“What you hear about Palestine in the news is not the whole picture,” Mr Abdellatif said.

“Palestine has a very vibrant community in terms of education, in terms of technology, in terms of new media.

“We have a lot of engineers and programmers and developers and thousands who are graduating from universities each year.

“We are very up to date in terms of technology and the new revolution in AI. Any new technology we adopted very quickly in Palestine and take it to other countries as well.”

Although competition among the hundreds of Palestinian tech companies that applied to come to London Tech Week was fierce, Mr Abu Ein said he was not just representing his own company, but thousands of others.

“We are here with the voices of countless Palestinian entrepreneurs that want to have their voices heard around the world,” he said.

Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

The%20trailblazers
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RESULTS

Light Flyweight (48kg): Alua Balkibekova (KAZ) beat Gulasal Sultonalieva (UZB) by points 4-1.

Flyweight (51kg): Nazym Kyzaibay (KAZ) beat Mary Kom (IND) 3-2.

Bantamweight (54kg): Dina Zholaman (KAZ) beat Sitora Shogdarova (UZB) 3-2.

Featherweight (57kg): Sitora Turdibekova (UZB) beat Vladislava Kukhta (KAZ) 5-0.

Lightweight (60kg): Rimma Volossenko (KAZ) beat Huswatun Hasanah (INA) KO round-1.

Light Welterweight (64kg): Milana Safronova (KAZ) beat Lalbuatsaihi (IND) 3-2.

Welterweight (69kg): Valentina Khalzova (KAZ) beat Navbakhor Khamidova (UZB) 5-0

Middleweight (75kg): Pooja Rani (IND) beat Mavluda Movlonova (UZB) 5-0.

Light Heavyweight (81kg): Farida Sholtay (KAZ) beat Ruzmetova Sokhiba (UZB) 5-0.

Heavyweight (81 kg): Lazzat Kungeibayeva (KAZ) beat Anupama (IND) 3-2.

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

UAE currency: the story behind the money in your pockets
Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

MATCH INFO

Champions League quarter-final, first leg

Ajax v Juventus, Wednesday, 11pm (UAE)

Match on BeIN Sports

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Fight Night

FIGHT NIGHT

Four title fights:

Amir Khan v Billy Dib - WBC International title
Hughie Fury v Samuel Peter - Heavyweight co-main event  
Dave Penalosa v Lerato Dlamini - WBC Silver title
Prince Patel v Michell Banquiz - IBO World title

Six undercard bouts:

Michael Hennessy Jr v Abdul Julaidan Fatah
Amandeep Singh v Shakhobidin Zoirov
Zuhayr Al Qahtani v Farhad Hazratzada
Lolito Sonsona v Isack Junior
Rodrigo Caraballo v Sajid Abid
Ali Kiydin v Hemi Ahio

'The Woman in the House Across the Street from the Girl in the Window'

Director:Michael Lehmann

Stars:Kristen Bell

Rating: 1/5

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Silkhaus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Aahan%20Bhojani%20and%20Ashmin%20Varma%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Property%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%247.75%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Nuwa%20Capital%2C%20VentureSouq%2C%20Nordstar%2C%20Global%20Founders%20Capital%2C%20Yuj%20Ventures%20and%20Whiteboard%20Capital%3C%2Fp%3E%0A
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

COMPANY%20PROFILE
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The specs

Engine: 5.0-litre supercharged V8

Transmission: Eight-speed auto

Power: 575bhp

Torque: 700Nm

Price: Dh554,000

On sale: now

MATCH INFO

World Cup qualifier

Thailand 2 (Dangda 26', Panya 51')

UAE 1 (Mabkhout 45 2')

The 100 Best Novels in Translation
Boyd Tonkin, Galileo Press

Disturbing%20facts%20and%20figures
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Updated: June 13, 2024, 7:18 AM