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Redington Value will enable partners to reduce Technology Friction – the widening gap between the rate of innovation and the rate of adoption – with cutting-edge solutions and bespoke services.
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Zawya
an hour ago
- Zawya
Dubai Media City and Dubai Science Park to spotlight innovation pathways at Europe's largest start-up and tech event, VivaTech
VivaTech's thematic focus this year includes sustainability, climate & mobility; health & longevity; and creative industries & gaming TECOM Group's in5 entrepreneurship incubator will also highlight AI-powered innovation from its ecosystem at VivaTech, taking place in Paris on 11-14 June Dubai, UAE: Dubai Media City and Dubai Science Park will demonstrate pathways to nurture innovation at Viva Technology (VivaTech), Europe's largest start-up and tech event, taking place in Paris on 11-14 June 2025 with a thematic focus on areas including sustainability, climate & mobility; health & longevity; and creative industries & gaming. Dubai Media City is the cornerstone of the Middle East's media landscape, while Dubai Science Park is the region's leading science-focused hub. The districts, part of TECOM Group PJSC, will attend VivaTech as part of the Dubai stand led by Dubai Department of Economy and Tourism. Dubai Media City and Dubai Science Park will be joined at VivaTech by in5, TECOM Group's start-up incubator, showcasing their contributions to nurturing innovation in line with Dubai Economic Agenda 'D33', Dubai Research and Development Programme, and UAE Digital Economy Strategy. The UAE ranks first in the North Africa and Western Asia region in the Global Innovation Index (GII), which captures innovation ecosystem performance across levers such as human capital and research; infrastructure; market sophistication; and knowledge and technology outputs. TECOM Group's portfolio of 10 business districts and services such as in5 enriches Dubai's and the UAE's innovation landscape by enabling innovation and attracting global companies and skilled talent through specialised sector-focused ecosystems, world-class infrastructure, and added value services. in5 has supported more than 1,000 start-ups that have collectively raised more than AED 7.8 billion in funding since its inception 2013. Operating through dedicated verticals across the technology, media, design, and science sectors, in5 will spotlight its innovators at VivaTech, including Coralytics, a marketing platform tailored for the real estate sector that leverages artificial intelligence (AI) to enhance real estate listings and attract buyers, tenants, and sellers. Suppy, providing fully customisable and branded mobile and web e-commerce solutions for retailers, wholesalers, and marketplaces, will also join in5 at VivaTech, alongside Aire, which uses big data, AI, and automation tech to prepare real estate feasibility studies. Dubai Media City has fuelled the region's creative sector since its inception more than two decades ago. Alongside Dubai Production City and Dubai Studio City, the district forms TECOM Group's Media Cluster, home to more than 4,000 businesses including CNN, Reuters, Discovery Networks, and Epson, and 40,000+ creative professionals. Dubai Science Park strengthens Dubai's position as a hub for scientific knowledge, and is home to more than 500 industry leaders, including AstraZeneca, Pfizer, Bayer, and BeiGene, in addition to 6,500 professionals. TECOM Group has contributed to Dubai's economic ambitions for more than two decades through sector-focused districts including Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Science Park, Dubai Design District (d3) and Dubai Industrial City. About TECOM Group PJSC TECOM Group has been developing strategic, sector-focused business districts across the emirate of Dubai since 1999. TECOM Group is well-positioned to continue playing an integral role in cementing Dubai's status as a global business and talent hub. The TECOM Group portfolio consists of 10 business districts catering to 6 vital knowledge-based economic sectors, including design, education, manufacturing, media, science, and technology. The Group provides a varied and tailor-made leasing portfolio – which includes offices, co-working spaces, warehouses, and land – to over 12,000 customers and more than 137,000 professionals. TECOM Group offers additional value-added services to deliver a competitive and attractive environment for businesses and entrepreneurs to thrive in and to facilitate engagement between the districts' community members. Government and corporate services are made available through an integrated smart services platform, 'axs', which enhances ease of doing business and provides community members with a seamless experience. TECOM Group also provides industry specialised facilities, including media production studios, laboratories, and higher education campuses. in5, its enabling platform for entrepreneurs and start-ups, offers innovation centres supporting tech, media, and design start-ups and SMEs. Its future-focused co-working spaces D/Quarters deliver stimulating work environments for tenants, and the 'GoFreelance' package serves freelance talents.
Zawya
an hour ago
- Zawya
Du Pay wins E-payment solution of the year at the Entrepreneur Leaders in E-Business Awards 2025
Dubai, UAE – du Pay, the advanced digital financial services arm of du, won "E-payment Solution of the Year" at the Entrepreneur Leaders in E-Business Awards 2025, presented by Entrepreneur Middle East, the region's leading platform for empowering entrepreneurship and innovation. The award highlighted du Pay's contribution to simplifying transactions and enhancing digital financial accessibility for consumers. du Pay aligns with the booming digital payment sector, projected to reach $3.3 trillion by 2037, by offering innovative, customer-centric services. Meeting high consumer demands in a market with $39.7 billion in annual outbound remittances, du Pay supports Arabic, English, Hindi, Bangla, Malayalam, and Tamil, ensuring inclusivity. Nicolas Levi, CEO at du Pay said: 'We are honoured to receive the E-payment Solution of the Year Award. This accolade is a reflection of our commitment to innovation, and our determination to provide our users with a seamless and secure payment experience. As we celebrate this milestone, we remain focused on pushing the boundaries of what is possible in digital payment solutions.' du Pay was celebrated for its innovative technology and substantial impact on the digital payment sector. Beyond international money transfers, du Pay offers peer-to-peer transfers, mobile top-ups, bill payments and card payments. Customers can easily add funds to their du Pay wallet with a card, cash in via kiosk or receive money directly through their unique IBAN, positioning du Pay as a comprehensive financial hub that prioritizes user convenience and trust. The Entrepreneur Leaders in E-Business Awards 2025 celebrated the achievements of companies and leaders who are at the forefront of the digital economy. This year, recognition went to those who have shown unparalleled excellence in e-commerce, fintech, digital transformation, SaaS, and online services. About du Pay: A part of the Emirates Integrated Telecommunications Company (EITC), du Pay is set to transform digital financial services following du's commitment to pushing the boundaries of economic, social, and digital evolution in the UAE. du Pay offers a wide array of financial services — from seamless online and offline payments within the UAE, to utility bill payments, mobile recharges, and competitive international money transfers. du Pay is licensed by the Central Bank of the UAE and leverages du's robust infrastructure and innovation. du Pay focuses on inclusivity and security, making comprehensive financial services within reach for every resident across the UAE.
Tahawul Tech
an hour ago
- Tahawul Tech
NVIDIA CEO says UK needs more computing power to develop AI
Britain lacks the computing infrastructure to deliver the full potential of its leading artificial intelligence research base, Nvidia's, CEO said on Monday, as the UK partners with the U.S. chipmaker for a new AI testing environment. Jensen Huang's comments came as the Financial Conduct Authority announced a new framework to allow financial firms to experiment with AI tools in a controlled environment from October, part of a government strategy to support innovation and economic growth. 'The UK is the largest AI ecosystem in the world without its own infrastructure', Huang told an audience at London Tech Week alongside Prime Minister Keir Starmer, citing the country's top universities, startups and third-largest AI venture capital market. He praised Starmer's plan to boost Britain's domestic computing capabilities by 20 times and provide 1 billion pounds ($1.36 billion) of investment. 'The ability to build these AI supercomputers here in the UK will naturally attract more startups, it will naturally enable all of the rich ecosystem of researchers here,' he added, saying Britain was 'an incredible place to invest'. The FCA has partnered with Nvidia to provide access to advanced computing power and bespoke AI. The programme is intended to help firms in the early stages of exploring AI, offering access to technical expertise, better datasets and regulatory support, the FCA said. It is open to all financial services companies experimenting with AI. Finance minister Rachel Reeves has urged Britain's regulators to remove barriers to economic growth, describing it as an 'absolute top priority' for the government. In April, she said she was pleased with how the FCA and the Prudential Regulation Authority, part of the Bank of England, were responding to her call to cut red tape. Starmer also said in a speech opening London Tech Week that Israeli fintech firm Liquidity Group would open its European headquarters in London, representing an investment of 1.5 billion pounds. Source: Reuters Image Credit: NVIDIA
