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Khaleej Times
23-05-2025
- Business
- Khaleej Times
The Regulatory Intelligence Office: Breaking ground in the UAE's legal processes
The ambition represents more than the drive for operational excellence; it represents a strategic turning point towards forward-thinking, evidence-based government The UAE's reputation as a world leader in innovation was again strengthened by the announcement of the world's first 'Regulatory Intelligence Office'. The new initiative will use artificial intelligence (AI) to craft, monitor and evolve the country's legislation in real time. The step was termed as a breakthrough not just for the UAE but as a model for legislative procedures around the world by legal experts. How the UAE is redefining legislative innovation The creation of the Regulatory Intelligence Office represents a historic milestone in the development of the government. Unveiled by Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, the initiative underlines the UAE's commitment to bringing the country's fast development in line with the world's best practices. "This new artificial intelligence-based legislative system will revolutionise the way we develop legislation, making the process quicker and more accurate," said Sheikh Mohammed. The ambition represents more than the drive for operational excellence; it represents a strategic turning point towards forward-thinking, evidence-based government. Through the use of AI, the UAE seeks to make its legal environment for lawyers in Dubai and across the country responsive, adaptable and world-leading - a world first on the international stage set to drive governments and legal professionals around the world towards changing traditional methods of legislation. Real-time lawmaking One of the most innovative features of the Regulatory Intelligence Office is its capacity to monitor the impact of legislation on the economy and society in real time. Through the analysis of large datasets from a variety of sources, the AI platform will be constantly examining the effectiveness of current legislation and making recommendations for timely adjustments. The feedback loop enables the UAE to rapidly align its legislation with new socioeconomic needs and realities, providing a dynamic model for evidence-based government that could do away with the long timelines generally tied to legislative reform. In addition to monitoring alone, the AI will examine trends, anticipate social developments and provide economic impact projections, empowering lawmakers to be more responsive and proactive than they have ever been before in the country's history. Speed and efficiency Historically, the process of drafting, researching and implementing new legislation has taken a painstakingly slow period of time, underpinned by human fallibility and resource limitations. The UAE's AI-driven model holds the promise of shortening this timeline drastically. Officials anticipate legislative procedures shortening by as much as 70% due to the capacity of AI to automate research, cross-reference judicial decisions and executive steps, as well as government services. There will then be less manual work for lawmakers to attend to, allowing for more decision-making on a macro level and less on administrative tasks. The end result will be a streamlined legal environment able to respond timely to domestic needs and global developments alike while keeping the UAE at the pinnacle of the world of innovation. It is a potent blend of speed, precision and responsiveness that may revitalize the nexus between government and the lawmaking process. Aligning legislation with international best practices Staying aligned with the international standards of the global world is key to economic competitiveness and diplomacy. The UAE's Regulatory Intelligence Office aims to close the UAE's federal and local legislation's gap against global research centres by ensuring legislative development benefits from the best international practices. The plan includes continuous exchange of information on a real-time basis with the world's leading academic institutions, think tanks and policy forums. The system is designed to be uniquely adaptable, though. It enables the UAE to incorporate international perspectives while adapting them according to its unique cultural and economic environment. The dual approach makes the country more competitive, propels innovation and supports its vision of charting the future of technology-led governance while protecting national identity and priorities. A roadmap for the future The legal community has received the UAE's initiative positively and optimistically. UAE-based lawyer and legaltech expert Taimur Malik referred to the development as "groundbreaking," where the application of AI would be able to overcome capacity and data limitations that have previously bogged legislative work down around the world. He noted that such a model would do away with archaic systems where legislation was slow to catch up with the needs of the times. Essam Al Tamimi, chairman and co-founder of Al Tamimi & Company, commended the move as a bold step that 'emphasises the country's continued commitment towards adopting future-oriented solutions.' The two experts opined that the UAE's bold experimentation with AI in lawmaking would be a model for the world's countries, changing the way people expect legislation to be responsive and adaptive in the 21st century. In sum, the establishment of the Regulatory Intelligence Office signifies not merely a bureaucratic development, but a forward-thinking step towards the governance of the future. By integrating cutting-edge technology based on AI and a forward-looking legislative mindset, the UAE not only becomes a model for updating its own legal framework but sets a milestone that might redefine the way legislation is formulated, regulated and adapted throughout the world.
Associated Press
08-05-2025
- Business
- Associated Press
CUBE OPENS NEW GLOBAL HQ AND AI CENTRE OF EXCELLENCE IN CITY OF LONDON
LONDON, May 8, 2025 /CNW/ -- CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has officially opened its new global headquarters located at the iconic City of London building, Tower 42, and confirmed the impressive growth trajectory of the company over the last year - doubling of revenue, employees and the number of countries CUBE now operates in. The new cutting-edge AI Centre of Excellence, RegBrain AI Lab, signals the multi-million pound investment CUBE is making to advance the role of innovation and AI in regulatory intelligence, compliance and risk across the financial services sector and adjacent regulated industries. Alongside the unveiling of its new headquarters, CUBE has made a commitment to create 200 jobs over the next 12 months, half of which are expected to be based in the UK. The opening of CUBE's new headquarters follows a transformative year of strong growth, supported by its strategic partnership with Hg, a leading investor in European and Transatlantic software and services businesses. CUBE has increased its revenue by over 200% in the last year and now serves 1,000 customers globally, and has significantly grown its global team footprint – which now stands at 700 employees across 20 countries. In the year CUBE also completed two landmark US-based acquisitions acquiring three regulatory intelligence businesses. Commenting at the launch of CUBE's new global headquarters, CUBE's Founder & CEO Ben Richmond, said: 'We chose an iconic City of London location for our new global headquarters as we believe it's the perfect place to continue CUBE's growth. London is unquestionably a world-class tech hub and a global leader for AI and innovation. We're proud to further build out our global operations and investment from the UK and aim to be a benchmark for building successful global tech businesses here. Our performance in the last year highlights the progress we have made so far.' Since launching in 2011, CUBE has become a leading global regulatory technology company partnering with some of the largest financial institutions globally who leverage CUBE's platform to streamline their complex regulatory intelligence and change management processes. In addition, CUBE recently launched RegPlatform™ Intel, its latest purpose-built solution to help financial services firms in the mid-market remain compliant in today's ever-changing global regulatory landscape. Richmond continued: 'We've experienced considerable growth over the past year and we wanted a global HQ that reflects the ambition and scale of our expanding team. We want to reimagine the future of work and how we collaborate with customers, which is why we created a space that fosters partnership and drives continuous technological innovation. Our new AI Centre of Excellence – RegBrain AI Lab – will be at the forefront of AI innovation. We will continue to deliver smart, agile solutions for our customers in response to the rapid pace of global regulatory change.' CUBE's base of strategic and long-term customers will benefit from open access to the facilities in its new global headquarters, which not only includes the RegBrain AI Lab but also an innovative RegTheatre and RegCinema. These have been purposefully designed to drive collaboration with industry participants across the financial services sector to progress the role of innovation and AI in compliance and risk. Photo - View original content to download multimedia: SOURCE CUBE
