Latest news with #AIWeek
Zawya
20-05-2025
- Business
- Zawya
Emirates NBD GenAI Summit brings together industry leaders to discuss the future of GenAI-powered finance
Dubai, UAE: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, hosted the second edition of its flagship event, Emirates NBD GenAI Summit at the Ritz Carlton DIFC. The event convened global technology experts, industry leaders and innovators from OpenAI, Amazon Web Services, McKinsey & Co, and others to explore the transformative potential of Generative AI (GenAI) in financial services and its growing impact on Emirates NBD. Held during Dubai AI Week, the summit served as a platform for in-depth discussions, knowledge sharing, and collaborative exploration of GenAI's role in elevating customer experience, driving operational efficiency, strengthening risk management, and enabling innovation at scale. The event also underscored the bank's ongoing efforts to embed GenAI capabilities and fluency across its workforce. Miguel Rio-Tinto, Group Chief Digital and Information Officer at Emirates NBD said: 'We are proud to host our second annual Emirates NBD GenAI Summit, which highlights the growing importance of Generative AI and the immense possibilities it holds. As GenAI becomes increasingly embedded in Emirates NBD's operations, we remain focused on further developing our infrastructure and forming strategic partnerships with leading hyperscalers to truly unlock the value of GenAI and stay at the forefront of this dynamic evolution.' The summit featured keynotes and panel discussions led by Emirates NBD executives and global industry experts. These offered insights into responsible GenAI development, ethical considerations, and emerging trends redefining the financial landscape. The summit also showcased how GenAI is being embedded into the bank's digital DNA, inspiring employees to explore scalable use-cases and accelerate the adoption of GenAI within the bank. Emirates NBD has made significant investments in GenAI technologies to enhance its customer service, employee support, and business operations. These investments aim to deliver more personalised and responsive customer services, enable better tools and workflows for employees, strengthen risk and compliance capabilities, and improve overall operational efficiency through automation. Since 2024, Emirates NBD has implemented several GenAI-powered solutions across its operations, guided by its AI governance framework and guardrails. These include intelligent call assistants for frontline staff, smart legal document summarisation tools, and advanced capabilities to support customer interactions and ESG stakeholder conversations. These implementations reflect the bank's approach to moving beyond generic applications by tailoring the technology to solve deeper role-specific problems, unlock better decision-making insights and drive unprecedented efficiency. Neeraj Makin, Group Head of Strategy, Analytics & Venture Capital at Emirates NBD, said: 'We are thrilled to embark on this exciting journey as part of our ongoing organisation-wide transformation. Specifically, the integration of Generative AI into our traditional AI models represents a pivotal advancement for our organisation. By harnessing the power of GenAI, we are poised to revolutionize our decision-making processes and significantly enhance the performance of our AI models. Embedding Gen AI will lead to unlocking new levels of intelligence, agility and customer centricity which will help us drive unprecedented levels of efficiency and innovation, positioning us at the forefront of our industry.' As part of the bank's broader adoption strategy, Emirates NBD is embedding GenAI fluency across its workforce. This involves building knowledge and fostering a GenAI-driven decision-making culture at all levels of the organisation. By democratising access to the latest GenAI tools and insights, Emirates NBD is equipping its employees with the capabilities to leverage these technologies in their day-to-day roles. The Emirates NBD GenAI Summit reinforced the bank's commitment to embracing cutting-edge technologies and offered a glimpse into the bank's strategic approach to value identification and implementation of use cases through interactive demonstrations. Looking ahead, Emirates NBD will continue to invest in its AI ecosystem, expand use cases, and strengthen internal capabilities to adapt to rapid technological changes. About Emirates NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
Zawya
15-05-2025
- Business
- Zawya
LEOS Developments pioneers AI innovation in $1.17bln market
AI-driven tools can increase property valuation accuracy by as much as 7.7% and reduce the need for manual inspections by up to 50% Dubai , United Arab Emirates - LEOS Developments, an award-winning international property and lifestyle developer, is revolutionising the real estate market by embedding artificial intelligence across every stage of its development and customer journey. With the UAE's AI market projected to reach US $1.17 Billion in 2025 [1], LEOS is placing technology at the heart of its strategy to deliver smarter, faster and more emotionally engaging experiences. Dubai is fast emerging as a global leader in the AI revolution. The recent Dubai AI Week highlights the city's ambitious vision for the future of artificial intelligence. In property development, AI is transforming how homes are designed, visualised, and assessed. According to Forbes Global, AI-driven tools can increase property valuation accuracy by as much as 7.7% and reduce the need for manual inspections by up to 50%, demonstrating the technology's growing impact and potential [2]. One of the most powerful AI tools LEOS is pioneering is the creation of AI-generated, fully animated project presentations that give prospective buyers and partners a vivid, emotionally compelling experience of what LEOS projects will look like in real life. Through AI-enhanced 3D animation, LEOS creates high-definition walk-through videos that showcase not just the architecture, but the ambiance and lifestyle offered within each home. These animated renders allow potential homeowners to explore future residences – walking through living rooms, gazing out from balconies, and experiencing amenities in real-time. This approach eliminates guesswork, replacing static brochures and blueprints with a dynamic and emotionally engaging visualisation of future living. 'Our mission is to help our clients fall in love with their home before they even buy it,' said Marwan El Kady, Marketing Director at LEOS Developments. 'With AI-powered animation and customisation, we're turning imagination into reality, with greater beauty, and in more personalised ways than ever before.' Elevating the customer experience and epitomising luxury in today's market, LEOS has introduced an AI-powered home customisation platform, allowing buyers to visualise and personalise properties before they even step foot inside. From selecting interior design themes, to experimenting with different materials, textures and colour palettes through AI rendering, the highly interactive platform allows buyers to envision a home down to the last detail. AI generated broker kits are now available, by simplifying the content creation process and automating updates, brokers are able to focus on building relationships and closing deals faster with more impactful tools at their fingertips. As LEOS Developments accelerates its expansion across the UAE and beyond, its commitment to technology-driven excellence ensures that every step of the real estate journey, from discovery to design to delivery, is seamless, smart, and deeply customer-centric. To know more about LEOS Developments, visit Press contact: Selena Abu-Ras, Account Executive, selena@ About LEOS Development s LEOS Developments is an award-winning international property and lifestyle developer. Born in the UK in 2013, LEOS has been expanding its presence in the Middle East with the release of world-class residential communities in Meydan, Jumeirah Village Circle, Jumeirah Village Triangle, Dubailand & Greenwood. The company is renowned for its innovative British designs and specialises in residential, commercial, and mixed-use real estate, offering services ranging from land sourcing to asset management. With nine projects currently underway in the UAE, LEOS continues to solidify its reputation for delivering exceptional developments. With a proven track record in delivering quality developments, LEOS has transformed old courthouses and built premium residential properties in sought-after locations like Mayfair, London. Its mission is to create an exemplary standard of living for residents by delivering quality properties that integrate successfully with the environment and community, bringing British and European quality standards to the UAE real estate market. [1] [2]
Arabian Business
28-04-2025
- Business
- Arabian Business
Dubai's dubizzle launches new ‘Sell with AI' feature
Dubai-based online marketplace dubizzle has introduced 'Sell with AI,' a new artificial intelligence tool designed to enhance the user experience on its platform. The launch aligns with the vision of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, to establish Dubai as a global leader in AI innovation. dubizzle launches AI tool supporting Dubai's D33 Economic Agenda The initiative supports the Dubai Economic Agenda 'D33,' introduced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, which aims to accelerate innovation, digital transformation, and economic growth. 'At dubizzle, our mission is to continually elevate the experience for our users, keeping innovation at our core by leveraging the use of the latest tech and AI solutions, build products and features that address key pain points. Our new AI-based posting experience not only automates the ad creation process, but it also simplifies the interactions on our platform, setting a new standard for efficiency and quality,' Haider Khan, CEO of dubizzle and Dubizzle Group MENA and Board Member of the Dubai Chamber of Digital Economy said. 'This tool allows us to empower our users—whether individuals or businesses—with a seamless, highly intuitive experience, ensuring they can reach their audience faster and more effectively. We are proud to take this next step in our journey to making dubizzle the most trusted and efficient marketplace in the region,' Khan added. The new feature came during Dubai's AI Week and represents dubizzle's commitment to using advanced technology to improve convenience, trust, and efficiency across what it describes as the UAE's most trusted online marketplace.
Zawya
28-04-2025
- Business
- Zawya
Dubizzle introduces ‘Sell with AI' during Dubai AI Week, guaranteeing a hassle-free Ad posting experience
Dubai, UAE – In line with the vision of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, to position Dubai as a global leader in artificial intelligence innovation - and as part of the ongoing momentum of Dubai's AI Week - dubizzle has launched 'Sell with AI', a new AI-powered feature aimed at transforming the user experience on the platform. This milestone also supports the broader objectives of the Dubai Economic Agenda 'D33,' introduced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, aimed at accelerating innovation, digital transformation, and economic growth. The innovative new tool reflects dubizzle's continued commitment to leveraging advanced technology to enhance convenience, trust, and efficiency across the UAE's most trusted online marketplace. The new AI tool is designed to be intuitive and user-friendly, enabling users to effortlessly post ads once they upload an image. Based on the image, the AI-based solution automatically suggests key details such as category, price, and other attributes, significantly reducing manual input and saving users time and effort. This streamlined process not only accelerates ad posting but also ensures consistency and high-quality standards, enhancing the efficiency of the moderation process and improving the overall marketplace experience on dubizzle. Commenting on this launch, Haider Khan, CEO of dubizzle and Dubizzle Group MENA and Board Member of the Dubai Chamber of Digital Economy, stated: 'At dubizzle, our mission is to continually elevate the experience for our users, keeping innovation at our core by leveraging the use of the latest tech and AI solutions, build products and features that address key pain points. Our new AI-based posting experience not only automates the ad creation process, but it also simplifies the interactions on our platform, setting a new standard for efficiency and quality. This tool allows us to empower our users—whether individuals or businesses—with a seamless, highly intuitive experience, ensuring they can reach their audience faster and more effectively. We are proud to take this next step in our journey to making dubizzle the most trusted and efficient marketplace in the region.' About dubizzle: dubizzle, the well-known online classifieds giant in the UAE, is an integral part of homegrown unicorn, Dubizzle Group Holdings Limited. As the UAE's largest classifieds site, dubizzle plays a pivotal role in connecting buyers and sellers across diverse categories such as properties, cars, jobs, and various goods. The user-friendly platform, coupled with innovative features, has solidified dubizzle as the go-to destination for both buyers and sellers to effortlessly connect and transact. dubizzle takes pride in the unwavering commitment to values of transparency, authenticity and consumer protection, positioning dubizzle as a preeminent platform for ethical online commerce in the UAE.
TECHx
26-04-2025
- Business
- TECHx
Dubai to Host AI@70 Summit During AI Week 2026
Home » Latest news » Dubai to Host AI@70 Summit During AI Week 2026 In 2026, Dubai will host a major global event titled AI@70, as part of Dubai AI Week. The event will bring together experts from academia, business, technology, philosophy, art, and science. Its goal is to shape the direction of artificial intelligence for the next 70 years. The AI@70 summit marks the 70th anniversary of the Dartmouth Workshop, which introduced AI as a field in 1956. Dartmouth College, the original host, will officially support the event. H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, announced the initiative. He emphasized Dubai's commitment to global cooperation and the responsible development of AI. 'AI can transform how we live, work, and understand humanity,' said Sheikh Hamdan. 'Dubai will bring the best minds together to ensure AI benefits everyone.' The event will also introduce the Humanity Lab, an eight-week incubator at the Dubai AI Campus. It will focus on combining philosophy, art, and technology to develop innovative AI solutions. AI@70 will explore major scientific, ethical, and societal questions. It aims to connect technological progress with deep philosophical insight. This will help build a clear vision for AI's future. Organized by DIFC in collaboration with APCO, the summit will gather experts and advisors from around the world. The goal is to generate fresh ideas and set a new global AI agenda. Dubai continues to position itself as a key player in AI innovation. The AI@70 event is another step toward shaping a future where technology serves humanity.
