The world finds itself at an interesting juncture, as AI develops rapidly and transforms industries at a pace not witnessed before. This has been further catalysed following the introduction of generative AI, which is projected to make an economic impact of $23.5 billion in the Gulf by 2030, according to recently published research by PwC.
All six Gulf countries have been proactive in seeking investments and building strategic partnerships, demonstrating commitment to technological innovation as a whole. In fact, governments across the region have placed AI at the heart of their broader national visions. AI is a crucial component of Saudi Arabia’s Vision 2030 economic diversification strategy. The UAE’s Artificial Intelligence Strategy 2031 and Oman’s National Programme for Artificial Intelligence and Advanced Digital Technologies are other powerful examples.
Countries in the region been committed to incorporating AI in their smart city plans. The highly anticipated Neom city in Saudi Arabia, for example, is poised to be a futuristic city with AI-powered solutions in optimising transportation, utilities and various public services.
However, even though AI has been adopted in a number of areas and continues to expand in the region, there is room for further investment that will empower countries to be able to capitalise on opportunities set to emerge from the upcoming technological revolution.
Citizens’ trust is a key driver in implementing AI. Gulf countries report high levels of trust between citizens and governments, and paired with widespread digitalisation, this helps to set the stage for the region to adopt AI products in myriad spaces. However, there are risks associated with this new realm, presenting the need for an elaborate ecosystem and processes that ensure safe and optimal use of these technologies across all sectors.
The first step would be to further strengthen the institutions that are in place to regulate the use of AI in various domains. This is particularly challenging given the rapid speed at which AI is evolving. At the Gulf Co-operation Council’s Prosecutors Meeting in October, Bahrain’s attorney general, Ali bin Fadhel Al Buainain, proposed unified AI laws for the region. This could very well be the best way forward.
The EU’s AI Act, the world’s first legal framework that addresses risks that could stem from the AI revolution, follows a risk-based approach. This means that all AI systems that present clear threats to safety, livelihood and rights of humans are banned, whereas high-risk systems are subject to scrutiny before they are put in use. Limited-risk AI applications are allowed as long as there is transparency, while low or minimal-risk systems are free to be used.
This legal framework serves as a useful benchmark. However, it is important to consider the nuances of the socio-cultural and political environments in the region in order to ensure that AI is being used ethically and safely in the region.
The mitigation of risks associated with AI is an area that can be looked at. One way for Gulf countries to establish relevant laws and ethical guidelines would be to appoint regional and local committees of experts that can follow the industry and reduce possibilities of any harm. In this regard, it would help for the region’s governments to nurture relationships with global leaders in the field as well as regulatory boards in other parts of the world.
Gulf countries have come a long way in embracing AI in a short span of time. They now need to use the resources wisely to mitigate risks
Second, it is crucial for the Gulf to continue investing in infrastructure to meet the burgeoning demand for AI. The need for more data centres as well as specialised chips – which are now in short supply – is especially high.
Data centres have been described as “nerve centres of the digital economy”. It is, therefore, imperative for countries to continue investing in them and ensuring that they support national economic growth. Furthermore, it is important to keep an eye on sustainability in this realm of development, given that data centres are energy-intensive structures, such as seeking green solutions.
Khazna Data Centres, a telecommunications contractor in the UAE, is addressing this specific aspect by investing in a plant that will use solar energy for its data centre extension in Masdar City. There is immense scope for other companies to use such strategies; given the many interesting renewable projects under way across the region, and the potential to reap benefits such as optimum levels of solar energy, there is capacity to ensure that the growth of these data centres is environmentally sustainable.
Third, Gulf countries will fully embrace the AI revolution with ever closer engagement with youth and the broader workforce. In order to seamlessly and safely integrate AI in businesses, there will always be a need for specialised and ongoing training.
This involves already existing educational institutions working in conjunction with market leaders to ensure that graduates are prepared to enter the rapidly transforming job market. The establishment of the Mohamed Bin Zayed University of Artificial Intelligence in Abu Dhabi in 2019 is an example of the kind of forward thinking that is required to prepare the next generation of AI talent, be it entrepreneurs or professionals.
Gulf countries have come a long way in embracing a phenomenon as transformative as AI in such a short span of time. The next would be for them to use the available resources wisely and proactively to mitigate any associated risks.
I don’t doubt that the region will fare well in this new era of the digital age, and I look forward to witnessing continued innovation and growth resulting from the combined efforts of our wise leaders, hardworking governments and dedicated citizens.
Types of bank fraud
1) Phishing
Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
2) Smishing
The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
3) Vishing
The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
4) SIM swap
Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
5) Identity theft
Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
6) Prize scams
Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
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THE RESULTS
5pm: Maiden (PA) Dh80,000 1,400m
Winner: Alnawar, Connor Beasley (jockey), Helal Al Alawi (trainer)
5.30pm: Maiden (PA) Dh80,000 1,400m
Winner: Raniah, Noel Garbutt, Ernst Oertel
6pm: Handicap (PA) Dh90,000 2,200m
Winner: Saarookh, Richard Mullen, Ana Mendez
6.30pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Rated Conditions Dh125,000 1,600m
Winner: RB Torch, Tadhg O’Shea, Eric Lemartinel
7pm: Al Wathba Stallions Cup Handicap Dh70,000 1,600m
Winner: MH Wari, Antonio Fresu, Elise Jeane
7.30pm: Handicap Dh90,000 1,600m
Winner: Mailshot, Royston Ffrench, Salem bin Ghadayer
Company%20profile
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
How being social media savvy can improve your well being
Next time when procastinating online remember that you can save thousands on paying for a personal trainer and a gym membership simply by watching YouTube videos and keeping up with the latest health tips and trends.
As social media apps are becoming more and more consumed by health experts and nutritionists who are using it to awareness and encourage patients to engage in physical activity.
Elizabeth Watson, a personal trainer from Stay Fit gym in Abu Dhabi suggests that “individuals can use social media as a means of keeping fit, there are a lot of great exercises you can do and train from experts at home just by watching videos on YouTube”.
Norlyn Torrena, a clinical nutritionist from Burjeel Hospital advises her clients to be more technologically active “most of my clients are so engaged with their phones that I advise them to download applications that offer health related services”.
Torrena said that “most people believe that dieting and keeping fit is boring”.
However, by using social media apps keeping fit means that people are “modern and are kept up to date with the latest heath tips and trends”.
“It can be a guide to a healthy lifestyle and exercise if used in the correct way, so I really encourage my clients to download health applications” said Mrs Torrena.
People can also connect with each other and exchange “tips and notes, it’s extremely healthy and fun”.
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
The five pillars of Islam
MATCH INFO
Uefa Champions League, semi-final result:
Liverpool 4-0 Barcelona
Liverpool win 4-3 on aggregate
Champions Legaue final: June 1, Madrid
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
Profile of MoneyFellows
Founder: Ahmed Wadi
Launched: 2016
Employees: 76
Financing stage: Series A ($4 million)
Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund
How to donate
Text the following numbers:
2289 - Dh10
6025 - Dh 20
2252 - Dh 50
2208 - Dh 100
6020 - Dh 200
*numbers work for both Etisalat and du