
High-level sessions on smart cities, innovation, digital economy, and sustainability during AIM Congress 2025
Parallelly, Leaders in technology and innovation gathered for a powerful session on 'Leadership in Scaling Digital Economies – Reimagining Economic Creativity, Connected Industries, and Sustainable Societies.' Held under the Digital Economy portfolio, the discussion was moderated by Paul Hamilton (Ibtikar) and emceed by Zulf Hyatt-Khan (Council of Slovak Exporters) and the panelists explored AI's role in shaping inclusive, sustainable economies.
Key themes included the ethical use of AI, the urgency of upskilling, and the need for emotional intelligence in tech leadership. 'AI enables personalization at scale,' said Mohamed Emad (IBM MEA) while Charles Austen Angell (EPIRA.ai) added, 'We're not trying to create standardized intelligence—no two people think the same.'
Ajibola Odukoya (AfriLabs)urged, 'We must invest in ourselves and unlearn what we know,' highlighting agility as a path forward. Joseph Musolino (SAS Institute) called the current wave an 'AI renaissance,' cautioning against unchecked advancement. Nicola Bettio (Sharjah RTI Park) emphasized AI's power to democratize education, while Zulf Hyatt-Khan closed with a call for emotional intelligence and gender equity in tech. The message was clear that innovation must be human-centered to build a truly connected and sustainable digital future.
A Panel on Innovation and Entrepreneurship was also held discussing building Ecosystems for Impact. Moderated by Dr. Hashim Suleiman Hussein Mohamed, of UNIDO-ITPO Bahrain, this dynamic session spotlighted strategies to foster entrepreneurial success globally. Dr. Hussein introduced the Global Entrepreneurial Alliance, launched in January 2025, now active in 54 countries, and announced UNIDO's Global Call 2025, focused on youth-led, eco-friendly and digital innovations.
Dalal Alqais, CEO of Bahrain Development Bank, highlighted Bahrain's SME-friendly policies, including interest-free loans, women-focused programs like Riyadat, and the BHD 100 million Estimya Fund to help startups scale while Mohamed Aboud of the University of Dubai promoted the Triple Helix model and shared examples of university-to-startup transformations, including Saudi Arabia's billion-riyal Hajj innovation fund. Dr. Muhammad Sharif of ICESCO presented the 3A Model (Awareness, Acceptance, Action) and entrepreneurship programs reaching over 1,800 youth in 30+ countries, with a focus on clean tech and education and Fadi El-Din El-Maqboul, Plants Co. GM, emphasized four ecosystem pillars—infrastructure, policy, support, and culture—urging investment in local innovation with global potential.
On the other hand, a Fireside Chat titled 'Sustainability in Startups: Green Startups – A Cross Cutting Topic with Investing Perspective' brought critical attention to the role of startups in advancing environmental and social impact.
Moderated by Liz Krymalowski of Orbillion Bio, the session featured insights from Gilbert Ewehmeh, Continental Coordinator at Accelerate Africa, and Lindsay Miller, Managing Partner at MENA Moonshots. Both speakers emphasized the importance of green startups in emerging economies, particularly in Africa and the MENA region, where sustainable innovation directly addresses local challenges such as waste management, pollution, and economic inclusion.
'Sustainability is not just a buzzword—it's about building businesses that last, create real value, and benefit both people and the planet,' said Miller. Ewehmeh highlighted the need for cross-border collaboration to scale impact, stating, 'When Africa and MENA work together, we create a more resilient, interconnected innovation ecosystem.'
The discussion underscored that founders need supportive communities, inclusive policies, and investor backing to bridge the gap between long-term sustainability goals and short-term business pressures. With growing momentum, sustainable startups are poised to shape the future of regional economies.
Alongside the numerous insightful sessions and discussions held, The "AIM" Global Foundation concluded a series of high-level Memorandums of Understanding, reflecting their status as a catalyst for enhancing joint efforts among global partnerships and strategic economic cooperation. This affirms the success of the Summit and its ability to achieve its strategic objectives in enabling cross-border cooperation and shaping the future of global investment. Among the most prominent international entities and institutions with which Memorandums of Understanding were signed are: the American Chambers of Commerce, the Chamber of Commerce and Industry of St. Petersburg, the Business Support Foundation in the Sverdlovsk Region, the Eurasian Business Alliance, the International Chamber of Commerce in Kazakhstan (Atameken), the TMK Research and Development Foundation, the UAE-Russia Business Council, the Chambers of Commerce and Industry of the Ryazan and Tula regions, the Community Development Center in Armenia, the Chamber of Commerce and Industry of the Amur Region, the Chamber of Commerce and Industry of the Khabarovsk Region, the Investment Promotion Agency in the Krasnodar Region, and the Cheung Kong Graduate School of Business.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Gulf Today
5 hours ago
- Gulf Today
Manufacturers turn to artificial intelligence to weather tariff storm
Mark Bendeich, Reuters Manufacturers like US lawnmower maker The Toro Company are not panicking at the prospect of US President Donald Trump's global trade tariffs. Despite five years of dramatic supply disruptions, from the COVID pandemic to today's trade wars, Toro is resisting any temptation to stack its warehouses to the rafters. "We are at probably pre-pandemic inventory levels," says its chief supply-chain manager, Kevin Carpenter, looking relaxed in front of a whiteboard at his office in Minneapolis. "I mean 2019. I think everybody will be at a 2019 level." Among US manufacturers, inventories have roller-coasted this year as they rushed to beat Trump's deadlines for tariff hikes, only to see them repeatedly delayed. But since their post-pandemic expansion, inventories have mostly contracted, according to US Institute for Supply Management data. Instead, "just in time" inventory management - which aims to increase efficiency and reduce waste by ordering goods only as they are needed - is back. But how can firms run lean inventories even as tariffs fluctuate, export bans come out of the blue, and conflict rages? One of the answers, they say, is artificial intelligence. Carpenter says he uses AI to digest the daily stream of news that could impact Toro's business, from Trump's latest social media posts to steel prices, into a custom-made podcast that he listens to each morning. His team also uses generative AI to sieve an ocean of data and to suggest when and how many components to buy from whom. It is a boom industry. Spending on software that includes generative AI for supply chains, capable of learning and even performing tasks on its own, could hit $55 billion by 2029, up from $2.7 billion now, according to U.S. research firm Gartner, driven in part by global uncertainties. "The tool just puts up in front of you: 'I think you can take 100 tonnes of this product from this plant to transfer it to that plant. And you just hit accept if that makes sense (to you)," McKinsey supply chain consultant Matt Jochim said. The biggest providers of overall supply chain software by revenue are Germany's SAP, US firms Oracle, Coupa and Microsoft and Blue Yonder, a unit of Panasonic, according to Gartner. Generative AI is in its infancy, with most firms still piloting it spending modest amounts, industry experts say. Those investments can climb to tens of millions of dollars when deployed at scale, including the use of tools known as AI agents, which make their own decisions and often need costly upgrades to data management and other IT systems, they said. In commenting for this article, SAP, Oracle, Coupa, Microsoft and Blue Yonder described strong growth for generative AI solutions for supply chains without giving numbers. At US supply chain consultancy GEP, which sells AI tools like this, Trump's tariffs are helping to drive demand. "The tariff volatility has been big," says GEP consultant Mukund Acharya, an expert in retail industry supply chains. SAP said the uncertainty was driving technology take-up. "That's how it was during the financial crisis, Brexit and COVID. And it's what we're seeing now," Richard Howells, SAP vice president and supply chain specialist, said in a statement. An AI agent can sift real-time news feeds on changing tariff scenarios, assess contract renewal dates and a myriad of other data points and come up with a suggested plan of action. But supply chain experts warn of AI hype, saying a lot of money will be wasted on a vain hope that AI can work miracles. "AI is really a powerful enabler for supply chain resilience, but it's not a silver bullet," says Minna Aila, communications chief at Finnish crane-maker Konecranes and member of a business board that advises the OECD on issues including supply chain resilience. "I'm still looking forward to the day when AI can predict terrorist attacks that are at sea, for instance." Konecranes' logistics partners are deploying AI on more mundane data, like weather forecasts. The company makes port cranes that are up to 106 metres (348 ft) high when assembled. When shipping them, AI marries weather forecasts with data like bridge heights to optimise the route. "To ship those across oceans, you do have to take into consideration weather," Aila says. By keeping inventories low, firms can bolster profit margins that are under pressure from rising costs. Every component or finished product sitting on a shelf is capital tied up, incurring finance and storage costs and at risk of obsolescence. McKinsey has been surveying supply-chain executives since the pandemic. Its most recent survey showed that respondents relying on bigger inventory to cushion disruptions fell to 34% last year from 60% in 2022. Early responses from its upcoming 2025 survey suggest a similar picture, Jochim said. Gartner supply chain analyst Noha Tohamy says that without AI, companies would be slower to react and be more likely to be drawn into building up inventories. "When supply chain organisations don't have that visibility and don't really understand the uncertainty, we go for inventory buffering," Tohamy says. But AI agents won't put supply chain managers out of work, not yet, consultants say. Humans still need to make strategic and big tactical decisions, leaving AI agents to do more routine tasks like ordering and scheduling production maintenance. Toro supply chain chief Carpenter says that without AI, supply chain managers might need to run bigger teams as well. Is he worried that AI is coming for his job one day? "I hope it doesn't take it until my kids get through college!"


Campaign ME
17 hours ago
- Campaign ME
Amazon delivers tech-powered fan experiences at Esports World Cup
The Esports World Cup Foundation (EWCF) has partnered with Amazon and Amazon Web Services (AWS) to integrate retail, cloud technology and live entertainment during the Esports World Cup in Riyadh, running until 24 August. As the event's Exclusive Cloud Partner, AWS is delivering AI-powered match insights, win probabilities, player heat maps, automated highlight clips and real-time statistics dashboards for viewers. Amazon, as Global E-Commerce Partner, is creating a combined streaming, shopping and entertainment hub for esports fans in Saudi Arabia and the UAE via and 'At AWS, we're combining world-class compute and analytics services with creative storytelling and real-time engagement,' said Francois Desir, Head of Sponsorships at EWCF. 'It's a partnership that bridges performance and play, creating unforgettable moments for fans, whether they're stepping into the Amazon Arena in Riyadh or following the action at home.' The partnership is being brought to life through four main activations: Hero's Gate – an immersive on-ground and online experience where visitors create personalised avatars and cinematic trailers as part of a fantasy quest. Available at Riyadh Boulevard and digitally in KSA and UAE. Amazon Esports Arena – a live venue for tournament finals, where 2,000 elite players and 200 clubs from over 100 countries are competing across 25 tournaments for a record $70+ million prize pool. Amazon Post-Match Interviews, presented by AWS – broadcast content combining player reactions with expert analysis, supported by real-time match data. Exclusive Deals and Discounts – a curated shopping hub, Hero's Corner, featuring gaming gear, electronics, snacks, fashion and live tournament streaming, with Mastercard-linked offers for shoppers. Prime Video is also streaming EWC Level Up, a behind-the-scenes docuseries directed by R.J. Cutler, featuring esports stars and the high-stakes environment of competitive gaming. 'With over 23.5 million gamers and a gaming market valued at $2.3 bn, Saudi Arabia is one of the fastest-growing gaming markets globally,' said Fahad Bahdailah, Head of Communications at Amazon Saudi Arabia. 'We're excited to be part of Saudi's growing gaming ecosystem… bringing fans closer to the action than ever before.' View this post on Instagram A post shared by Campaign Middle East (@campaignmiddleeast) The Esports World Cup Festival, running alongside the tournaments, includes live music, retro arcades, anime cafés, cosplay and creator activations, drawing gaming communities from across the globe to Riyadh.


Gulf Today
a day ago
- Gulf Today
India, China to resume direct flights in sign of closer ties
India and China are set to resume direct flight connections as soon as next month, people familiar with the negotiations said, as the world's two most populous countries seek to reset their political ties. Airlines in India have been asked by the government to prepare flights to China at short notice, with a possible official announcement as soon as the Shanghai Cooperation Organisation summit at the end of August in China, said the people, asking not to be identified because the negotiations are ongoing. Passenger flights between India and China were suspended after the Covid-19 pandemic, forcing travelers from the two neighboring countries to pass through hubs like through Hong Kong or Singapore. The renewed push to rebuild a direct link comes at a time when India's relations with the US have come under considerable strain, after US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil. On Monday, Air India announced it would suspend its direct link to Washington, DC, next month, citing 'operational factors' as the reason. The carrier still flies to New York and San Francisco. Diplomatic ties between the two Asian heavyweights hit a low point in 2020, when border clashes left 20 Indian fighters and an unknown number of Chinese soldiers dead. India recently allowed tourist visas for Chinese nationals after years of curbs. Prime Minister Narendra Modi will attend the SCO summit in Tianjin starting Aug. 31, where he may meet Chinese President Xi Jinping. India's aviation ministry, the Directorate General of Civil Aviation, and the country's press information bureau did not respond to requests for comment. The exact timing of any flight resumption remains fluid, and talks might still hit a snag, the people cautioned. Before the suspension, Indian carriers including Air India and IndiGo, as well as Chinese airlines such as Air China, China Southern and China Eastern ran services between key cities of the two countries. A resumption is likely to see both Air India and IndiGo restarting flights to China, the people said. Air India and IndiGo did not respond to emails seeking comment. India and China had first agreed in January to resume direct flights, before relations between the two countries cooled again amid India's limited war with Pakistan. The two countries then announced a takeup of direct connections once more in June, though without any visible progress. Plans to rebuild direct links only gained pace in the past two weeks, and the airlines involved have also been informed about the proposal, the people said. The number of direct flights between the US and China has dwindled by nearly three-quarters since 2019 to a scheduled 9,726 this year, based on data from Cirium. Airlines plan to offer just more than 3 million seats on such flights in 2025, up 15% from 2024 levels. In July, Chinese Foreign Minister Wang Yi said that Beijing and New Delhi should work towards mutual trust and "win-win" cooperation, after talks with his Indian counterpart Subrahmanyam Jaishankar, state news agency Xinhua reported. China and India should "adhere to the direction of good-neighborliness and friendship" and "find a way for mutual respect and trust, peaceful coexistence, common development and win-win cooperation", Wang said, according to Xinhua. The two foreign ministers met in Beijing as the two rivals seek to repair ties following a 2020 clash on their border. The world's two most populous nations are intense rivals competing for strategic influence across South Asia, and their 3,500-kilometre (2,200-mile) frontier has been a perennial source of tension. India's Prime Minister Narendra Modi and China's President Xi Jinping met for the first time in five years later that month, agreeing to work on improving relations. New Delhi is concerned over Beijing's increasing presence in the Indian Ocean, seeing the region as firmly within its sphere of influence. Another source of tension is the Dalai Lama, the Tibetan spiritual leader India has hosted since he and thousands of other Tibetans fled Chinese troops who crushed an uprising in their capital Lhasa in 1959. The 90-year-old Dalai Lama says only his India-based organisation has the right to identify his eventual successor. China insists that it would have final say on who succeeds the Tibetan spiritual leader. Agencies