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Technology alone won't solve AI health care's biggest challenges

Technology alone won't solve AI health care's biggest challenges

The National08-05-2025

Dr Farah Shamout is an assistant professor of computer engineering at NYU Abu Dhabi
May 08, 2025

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Dubai: DFSA begins engagement with firms selected for Tokenisation Regulatory Sandbox
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Dubai: DFSA begins engagement with firms selected for Tokenisation Regulatory Sandbox

The Dubai Financial Services Authority (DFSA) on Monday said it has begun engagement with firms selected for its Tokenisation Regulatory Sandbox in the next phase to test financial products and services under a controlled environment. The regulator of the Dubai International Financial Centre (DIFC) will work with the firms selected for the Innovation Testing Licence to co-develop bespoke testing plans. Sandbox participants will begin trials within a controlled environment in the coming weeks. The outcomes from this cohort will help inform future regulatory policy and potential refinements to the DFSA's evolving digital assets and broader innovation frameworks. It received 96 expressions of interest from the UAE, the UK, the European Union, Canada, Singapore, and Hong Kong. Applications included proposals to tokenise financial assets and instruments, such as bonds (including Islamic bonds, or sukuk), units in a fund (including money market funds and property funds), and the trading and safe custody of those assets – reflecting the broad potential of tokenisation across the financial ecosystem. The Dubai International Financial Centre is a community of more than 900 regulated entities. It is home to 27 out of the 29 global systemically important banks, the top 5 Chinese banks, 260 banking and capital market companies, 410 wealth and asset management firms, 70 brokerage firms, 125 insurance and reinsurance-related companies and 75 authorised hedge fund businesses, positioning as a regional and global financial centre. Charlotte Robins, managing director of policy and legal at DFSA, said this strong interest reflects a growing appetite for responsible innovation and DFSA's appeal to innovation as a regulator. 'Our role is to support innovation and its positive contribution to the financial markets in ways that maintain market integrity and protect the public interest within the DIFC. By working closely with local and global firms through the sandbox, we are encouraging responsible innovation and helping to ensure that new ideas are tested against regulatory expectations,' she said. In 2021, the Dubai regulator introduced an Investment Token regime to regulate tokens used as investment instruments and implemented an enhanced Crypto Token regime in 2022 as a second-phase framework for classifying, recognising, and governing crypto tokens. This was followed in June 2024, when the DFSA further refined its approach with amendments – including streamlined token-recognition criteria and the first approvals of stablecoins – underscoring its commitment to adaptive, responsible innovation.

UAE launches Phase 2 of Zero Bureaucracy Programme as it slashes red tape and boosts efficiency
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The UAE has launched Phase 2 of the Zero Bureaucracy Programme as it aims to create the world's most efficient government. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, officially launched the project. Speaking at a high-level event attended by over 200 ministers and federal directors, Sheikh Mohammed reaffirmed the UAE's commitment to becoming a global model for efficient, citizen-centric governance under the leadership of President His Mohamed bin Zayed Al Nahyan. UAE Zero Bureaucracy Programme Phase 2 Sheikh Mohammed said: 'Today we launch the second phase of the Zero Government Bureaucracy programme, a national project designed to create simpler, faster, and more impactful government services. In its first phase, the programme reduced service delivery time by over 70 per cent, eliminated more than 4,000 unnecessary procedures, and saved customers over 12 million hours. 'We are grateful to the over 30 government entities and 690 teams involved in streamlining government procedures. Today we expand these efforts, focusing on eliminating digital bureaucracy to realize our goal: a government without complexity, services without waiting times, and results that tangibly improve people's lives.' Launched in November 2023, the Zero Bureaucracy Programme has already delivered significant impact: Over 4,000 unnecessary procedures eliminated Service delivery times cut by more than 70% 12 million hours saved annually for customers and businesses AED1.12bn ($305m) saved each year 200 million government transactions streamlined 30 government entities and 690 teams involved AED7m ($1.9m) in awards given to top-performing entities The programme's first phase also introduced major changes in how government teams re-engineer internal processes, making services more responsive, citizen-friendly, and digitally integrated. What's new in Phase 2? The second phase of the Zero Bureaucracy programme will focus on: Eradicating digital bureaucracy by streamlining online processes Ensuring 24/7 uptime for all government digital platforms Modernising and integrating all digital systems using AI Removing redundancies between government entities Enhancing digital customer experience through better data sharing and joint innovations Adopting international best practices for service delivery Mohammad Al Gergawi, Minister of Cabinet Affairs, said: 'The results of the previous phase represent a new, more effective model for government operations, by leveraging internal teams to re-engineer processes and enhance service efficiency. 'More importantly, this translated to over 12 million hours and AED 1.12 billion saved annually for the public, customers, businesses, and investors.' Mohammed bin Taliah, Chief of Government Services in the UAE Government, outlined the second phase of the programme, which aims to further eliminate unnecessary procedures and requirements, eradicate digital bureaucracy, and remove redundant or unnecessary requirements. He explained that the next phase will focus on enhancing government integration, data sharing, developing innovative joint solutions, and adopting leading business practices. During a panel session titled 'Zero Bureaucracy and the Private Sector,' leaders from Tadawi Healthcare Group and MAF Properties discussed the direct benefits of streamlined government procedures on efficiency, service quality, and business performance. The Zero Bureaucracy initiative is part of the UAE's wider transformation agenda, supporting national strategies to create a pro-business, talent-friendly, and globally competitive society. It aligns with long-term goals to boost non-oil GDP, attract innovation, and make the UAE a global benchmark for smart governance.

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Bitcoin.com establishes first MENA office at Dubai's DMCC Crypto Center

In a major boost to Dubai's status as a global leader in blockchain and Web3 innovation, a globally recognized platform for crypto news, education, and self-custodial products, has announced the opening of its first Middle East and North Africa (MENA) office at the DMCC Crypto Center. This strategic expansion marks a significant milestone for both and the Dubai Multi Commodities Center (DMCC). The move not only strengthens DMCC's position as a premier destination for blockchain and digital asset companies but also signals growing confidence in Dubai's rapidly evolving digital economy. The DMCC Crypto Center has quickly become the largest cluster of crypto and blockchain businesses in the region DMCC Crypto Center: A thriving blockchain ecosystem The DMCC Crypto Center has quickly become the largest cluster of crypto and blockchain businesses in the region. With over 650 companies now part of the ecosystem, the center spans the entire digital asset value chain — from blockchain infrastructure and decentralized finance (DeFi) projects to metaverse technologies and tokenization platforms. DMCC offers a robust support system for emerging and established Web3 firms, including a full-spectrum business setup services; access to capital and investor networks; bespoke accelerator programs; and strategic partnerships with leading global Web3 entities. This holistic environment has positioned the DMCC Crypto Center as a cornerstone of innovation for blockchain entrepreneurs and investors alike. regional debut which has introduced millions to the digital asset space through its intuitive education platforms and global news site, is now turning its focus to the MENA region. Its presence in Dubai will enable deeper engagement with the region's rapidly expanding crypto community, while also contributing its extensive global expertise to help shape the local ecosystem. Belal Jassoma, director of ecosystems, DMCC, said: 'The DMCC Crypto Center is designed to bring together the brightest minds and most ambitious blockchain companies to build the future digital economy, right here in Dubai. decision to establish its regional headquarters within our community highlights the global pull of the Crypto Center and the scale of opportunity that Dubai represents today.' 'With our continued focus on driving innovation, enabling collaboration and connecting our members to new markets, DMCC remains the partner of choice for Web3 companies looking to thrive,' he added. Corbin Fraser, CEO of said: 'The UAE is leading by example when it comes to pioneering crypto solutions. With clear and progressive regulations, a fast-track licensing process and a genuine appetite for innovation, Dubai has created one of the most welcoming environments in the world for Web3 companies.' 'DMCC, in particular, stands out not only for its world-class infrastructure but also for the strength and depth of its crypto ecosystem. We are proud to establish our first MENA office here in Dubai and look forward to building strong partnerships across the region from our new home in DMCC,' Fraser added. presence in Dubai will enable deeper engagement with the region's rapidly expanding crypto community Dubai's rise as a global digital asset hub Dubai's emergence as a world leader in digital assets has been fueled by a progressive regulatory framework and an entrepreneur-friendly business environment. The creation of the Virtual Assets Regulatory Authority (VARA) — the world's first independent regulator dedicated to virtual assets — has provided companies with the regulatory clarity and security needed to innovate and scale. Combined with Dubai's tax-efficient regime and global connectivity, the emirate has become a natural choice for Web3 companies seeking growth in a stable and supportive jurisdiction. A growing tech ecosystem at DMCC Today, DMCC hosts over 25,000 businesses, including more than 3,200 tech-focused companies. Its integrated innovation ecosystem spans the DMCC Crypto Center, the DMCC Gaming Center, and the DMCC AI Center, creating a dynamic environment for companies at the intersection of emerging technologies. With now part of this fast-growing community, Dubai continues to cement its status as one of the world's foremost destinations for digital innovation and Web3 enterprise. For more news, click here

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