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"We're building a platform where AI detects what matters, surfaces it in context, and lets you act — all within the analytics environment itself".
Learn more about @qlik's plans below.
https://www.tahawultech.com/industry/technology/qlik-announces-new-embedded-ai-features/
#Qlik #tahawultech
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Khaleej Times
2 hours ago
- Khaleej Times
NMDC LTS concludes acquisition of 70% equity stake in Emdad
NMDC LTS, a wholly owned subsidiary of the NMDC Group, has completed the acquisition of a 70 per cent stake of the share capital and voting rights in Emdad, an integrated service provider specialising in the oil and gas, utilities, and industrial sectors. The transaction was financed through debt and equity. This acquisition enables NMDC Group to expand into the OPEX segment of recurring revenues in the oilfield services, further diversifying its portfolio and strengthening its competitive advantage. In parallel, this acquisition will provide NMDC Group with a broader range of services and additional avenues for revenue growth, with Emdad's offering spanning over an array of different services, including well intervention, waste management, shutdown/ turnaround, coil tubing, valves, among other services. Emdad reported revenues in excess of Dh600 million in 2024 and its equity stood at Dh217 million. Eng. Yasser Zaghloul, CEO of NMDC Group, commented: 'We are happy to complete this landmark acquisition which marks the beginning of an exciting new chapter for both organizations. Emdad stands out as an industry leader with robust capabilities and deep sector expertise. By combining its strengths with NMDC's scale and commitment to innovation, we now have a powerful platform to unlock long-term value. With diversification at its core, this integration enhances our ability to deliver broader service offerings, create greater value, and drive sustainable growth for our clients, partners, and stakeholders across the dynamic energy landscape.' Mohammed Juma Al Bawardi, CEO of Emdad, commented: 'This milestone transaction underscores the sophistication and attractiveness of the UAE's energy sector as well as the trust that NMDC has in Emdad's position as a leading service provider in the market. We are confident that through this compelling partnership, where we are now plugged into the wider NMDC platform, we will be able to chart an exciting new journey of growth. Ultimately, this collaboration will unlock deeper value for our customers and help us to achieve our shared goals for sustainable success.' The update is another further step in NMDC's strategy to drive value creation, strengthen its regional presence, and support revenue growth. It marks a leap in NMDC Group's broader expansion and diversification goals, paving the way for future innovation and leadership in the energy sector.
Khaleej Times
2 hours ago
- Khaleej Times
UAE: Student develops AI system to help police detect crimes before they happen
A member of Dubai Police, and inspired researcher, has developed a homegrown system that could take crime prevention one step further — by detecting it before it happens. Dr Salem AlMarri, the first Emirati to earn a Ph.D. from the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), has designed a video anomaly detection (VAD) system capable of identifying unusual behaviour in real-time. The technology could, in theory, alert authorities to suspicious or harmful activity before a formal complaint is ever made, or even before a crime is committed. 'Today, we understand how a human or object looks and moves. But how do we understand something that breaks the pattern, [like] an anomaly?' AlMarri said in an interview with Khaleej Times. 'A person walking in a very weird manner could mean something is going on. It could be an accident, or a hazard, or a fight unfolding. Anomalies have different meanings in real life; and we're training AI to recognise them.' While the field of anomaly detection has existed for decades, AlMarri's research brings the concept into the realm of video and audio. Using AI, his model is trained to distinguish between normal and abnormal footage. For example, learning to identify when an incident like a robbery or assault is taking place, even if it unfolds in a subtle or non-violent manner. As an example, he cited a hypothetical scene where a man walks up to a cashier and asks for money, politely. 'A normal camera won't know what's happening, it will just see a generous cashier handing money to somebody.' But beneath the surface, the AI model may detect subtle cues like body posture, tone, micro-behaviours — that point to coercion or threat. The model must first 'understand what is normal and what is abnormal,' by being trained on large amounts of labelled footage, he explained. 'We need to show it footage of people just handling money in the normal fashion. And then we tell it, okay, this is where something bad happens — robbery, burglary, or whatever. It learns to tell the differences, like a human child. And if it predicts correctly, it gets rewarded.' Thousands of experiments AlMarri's research, carried out during his secondment from Dubai Police, involved thousands of training experiments using real-world datasets. To overcome a key challenge — that many videos don't clearly indicate when an abnormal event begins, he designed a new approach. 'I shuffled different segments of videos to create a custom dataset, one moment showing a road accident, the next showing people walking normally in a mall, then a street fight,' he explained, 'this way, the model learned to recognise when something shifted from normal to abnormal.' His work also tackled real-world obstacles that could hinder performance. He developed a benchmark that allows the model to function even when one input, audio or video, is corrupted. This has major implications in the UAE, where weather conditions like fog can obstruct video clarity. 'If there's heavy fog or noise distortion, many models fail. So we trained ours to rely on one modality if the other is compromised. This is crucial for environments like autonomous driving or surveillance during poor visibility,' he pointed. The flagship findings are part of his Ph.D. thesis at MBZUAI, conducted under the supervision of Professor Karthik Nandakumar in the Sprint AI lab, which focuses on security, privacy, and preservation technologies. Like father, like son AlMarri's journey is rooted in a childhood filled with invention. His father, an engineer, built a screw-free wind turbine in the 1990s, a computer interface for people with no limbs, and a digital attendance system for police officers — long before such technologies were mainstream. 'It was a personal challenge for me, to at least try to come close to his achievements, to carry on his legacy.' After joining Dubai Police in 2016 and working on robotics and drones, he pursued further education in AI to stay relevant as the department transformed into a data-driven force. 'Within the police, our department went from being a smart service department to an AI department. I felt like I was being outpaced,' he recalled. Following a master's in electrical engineering at Rochester Institute of Technology, he was selected for MBZUAI's first Ph.D. cohort in computer vision - a move he describes as transformative. "MBZUAI humbled me,' described the 30-year-old. 'I had won competitions and worked on great projects, but this was something different. I was challenged over and over. When I walked out the door, I thought I didn't know anything. But when I came into reality, I realised I had been equipped to face any challenge.' The road ahead AlMarri is now preparing to return to Dubai Police and hopes to present his work to senior leadership. While the system has not yet been implemented by the police, he believes it could have significant value.'They have done exceptionally,' he said, referring to the force's AI capabilities. '[The technology] works. It can be deployed. It's up to them how they want to use it.' He expressed confidence that Dubai Police, a recognised leader in smart policing, would be well-positioned to integrate the research. 'They've reached a high level of maturity in AI. I believe I'm returning to an entity that can make effective use of what I've worked on, and I hope to contribute to their development journey. If we have this conversation in a year, the impact will be evident,' he said confidently. As for what's next, AlMarri hopes to publish research regularly, mentor young talent, and continue innovating - always with the goal of giving back to his country. 'I've been blessed to be the first Emirati Ph.D. from MBZUAI,' he noted. 'That comes with responsibility. Research is one way to give back, not just to science, but to the UAE.'
Khaleej Times
2 hours ago
- Khaleej Times
UAE small businesses show steady optimism despite economic headwinds
The UAE's small and medium enterprises (SMEs) continue to build on the momentum of the resilience demonstrated in recent years. While challenges persist, including rising operational costs, corporate tax implementation, and high borrowing costs, the overall trajectory signals adaptability and optimism among SMEs in navigating the evolving business landscape, a study showed. RAKBank this week released its latest SME Confidence Index, highlighting a promising outlook for sector. Based on insights from over 1,200 UAE-based SMEs collected between October and December 2024, the report – done in partnership with RFI Global – reveals an SME Confidence Index score of 57, a marginal drop by four points from 61 in 2023. Measured against a base score of 50, the findings reflect a stable and optimistic sentiment against a dynamic economic environment. The findings show that optimism remains steady, with over two-thirds (68 per cent) of SMEs viewing the future business environment as favourable, and more than 60 per cent reporting revenue growth over the past two years. Among the SMEs, consumer and retail services remain the highest-performing sector, driven by a continued rise in consumer spending and successful adoption of new business channels. The report also highlights how SMEs across industries are prioritising product innovation and market expansion as key strategies for growth in a competitive landscape. While consumer and retail services SMEs achieved a sector confidence score of 60, construction and manufacturing (57), transport (57), and trading (58) remained steady in confidence, while public services and professional services saw more notable declines to 56, largely due to increased costs and lower confidence in debt servicing. More than three in five SMEs reported an increase in annual revenue over the last two financial years. SMEs with revenue up to Dh30 million posted the highest confidence score at 58, while larger SMEs (Dh30-100 million) dipped to 55. Raheel Ahmed, Group Chief Executive Officer of RAKBank, said: 'Small and medium enterprises are the backbone of every thriving economy, and in the UAE, they play a central role in driving diversification and sustainable development. At RAKBank, we continue to reinforce our commitment to be a trusted partner on their journey, providing the insights, tools and support they need to grow their businesses and contribute to the wider economy.' Over two-thirds of SMEs experienced higher operational costs, while only 39 per cent expressed confidence in meeting debt obligations, down from last year. Twenty two per cent of SMEs now sell their products or services online, and 45 per cent use digital banking channels monthly. Fifty five per cent of SMEs are either on or planning to begin a sustainability journey, with one in three citing it as a short-term business objective. While UAE SMEs remain optimistic, they are also navigating barriers such as increased costs of doing business, rising demand for credit, competitive pressures, and adapting to the corporate tax regime introduced in 2024. To address these issues, many SMEs are investing ambitiously in technology, operational efficiencies, and sustainability strategies aimed at long-term growth. 'SME confidence is still high however moderated slightly due to rising operational and borrowing costs, uncertainty surrounding corporate tax, and a slower growth outlook. While most of the SMEs remain bullish but SMEs, particularly in professional and public services, are cautious about their debt obligations amid ongoing cost pressures,' Vikas Suri, head of wholesale banking, RAKBank, told Khaleej Times. RAKBank is actively addressing SME challenges through digital onboarding, with 92 per cent of accounts opened digitally, as well as tailored solutions for startups and women-led businesses. It has also introduced enhanced services in business banking apps and seamless corporate tax payment integration to improve efficiency. The bank has over Dh10 billion exposure to the SME segment, which is expected to rise this year as well and has recently strengthened its SME lending through a Dh1 billion co-financing partnership with Emirates Development Bank, ensuring funding reaches priority sectors. 'UAE government initiatives like credit guarantee schemes and digital adoption programs further enhance accessibility,' Suri said.
