Latest news with #digitalEconomy
Zawya
an hour ago
- Business
- Zawya
Dubizzle's ‘Sell with AI' surpasses 100,000 listings
Dubai, UAE – dubizzle, the UAE's favourite classifieds platform and part of Dubizzle Group, has announced a major milestone for its revolutionary 'Sell with AI' feature, which has empowered over 50,000 users to create and publish close to 100,000 ads since its recent launch just one month ago. As the UAE pushes forward with its vision of becoming a digital-first economy, the milestone marks another step forward in dubizzle's continued commitment to leverage advanced technology to enhance convenience, trust and efficiency across the UAE's most trusted online marketplace, in line with the broader objectives of the Dubai Economic Agenda 'D33' to accelerate innovation, digital transformation and economic growth. dubizzle's continued innovation supports this agenda by helping shape a future where technology reduces friction, improves trust and brings communities closer together through smarter interactions. This achievement underscores a growing trend in user behavior: people want to move faster, transact smarter, and save time in a world where convenience is everything. In an age defined by speed and simplicity, 'Sell with AI' addresses a real need — giving users the ability to list items in seconds without the hassle of filling in every detail manually. Powered by artificial intelligence, the industry-first feature allows users to list items — from electronics and furniture to fashion and more — in just a few clicks. By simply uploading a photo, the system automatically generates a title, description, category and price suggestion, dramatically simplifying the listing process. Commenting on this milestone, Haider Khan, CEO of dubizzle and Dubizzle Group MENA and Board Member of the Dubai Chamber of Digital Economy, said: 'Artificial intelligence must go beyond novelty — it must be meaningful, practical and sustainable to truly serve people. With 'Sell with AI', we've taken a purposeful step in that direction. This is not just about speeding up a process; it's about reimagining how technology can simplify everyday transactions and reduce friction in people's lives. As a platform at the heart of digital commerce in the UAE, we are proud to align with the national vision of building a smarter and more connected future. Our aim is to continuously develop intelligent tools that not only reflect innovation, but also deliver real, lasting value to users. 'Sell with AI' is just the beginning — we will continue to build and refine solutions that make digital participation more accessible, intuitive and impactful for everyone.' The rapid adoption of this tool also signals a cultural shift in how people interact with digital platforms. Listing an item for sale used to be time-consuming. Today, users expect that technology will do the heavy lifting and with tools like 'Sell with AI,' dubizzle is delivering just that. As the UAE continues to invest in emerging technologies, dubizzle remains at the forefront of digital transformation, creating intuitive, AI-powered tools that empower users and reshape the future of peer-to-peer commerce. For more information on dubizzle's new AI-powered ad posting tool, visit 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.
Arab News
5 days ago
- Business
- Arab News
Sky's the limit when it comes to AI in the Arab world, Dubai Future Foundation chief says
DUBAI: When it comes to ambition to cultivate artificial intelligence in the Arab world, the sky is the only limit, the head of Dubai Future Foundation said on Monday night. 'I think there's an abundance of talent around the Arab world. It's just a matter of enabling the talent and creating the right ecosystem for talent to thrive,' said Khalfan Belhoul, CEO of the DFF. On the sidelines of the Arab Media Summit in Dubai, a high-profile Arab News-Google event brought together executives, editors, policymakers and more to discuss the future of media in the region. 'The digital economy requires specific skill sets. And I think we're seeing so many success stories that are happening, whether it's on the entrepreneurial side or whether it's on the coding front. 'The sky's the limit on where the Arab world can reach. The numbers are rising on the digital economy point of view and we are very optimistic.' Belhoul outlined several key predictions for media over the next year, from the shift in how people consume media, to its duration. During the event, which was part of a series of celebrations for the newspaper's 50th anniversary, Arab News unveiled a new podcast series exploring five decades of pivotal events that have shaped the Middle East. The project, powered by Google's AI research tool NotebookLM, features artificial hosts and AI-generated voices, show how emerging technologies can enhance storytelling, research, and historical reflection in journalism. Each episode highlights a different decade, tracing key moments from 1975 to the present day.
Coin Geek
5 days ago
- Business
- Coin Geek
BSV and tokenizing IP: A new paradigm for creators
Getting your Trinity Audio player ready... In an era where creators struggle to protect and monetize their intellectual property (IP), BSV emerges as a transformative platform for tokenizing IP assets. By leveraging its scalable blockchain, low-cost transactions, and immutable data storage, BSV enables artists, writers, inventors, and creators to secure, manage, and monetize their work without relying on costly intermediaries. From fractional ownership of patents to micropayments for digital content, BSV offers a new paradigm for IP management that empowers creators and redefines the creative economy. This article explores how BSV addresses longstanding IP challenges and its potential to reshape the creator landscape. The IP crisis in the digital age Creators face significant hurdles in protecting and profiting from their IP. Traditional systems like copyright offices and patent registries are slow, expensive, and often inaccessible to independent artists or small-scale inventors. Digital platforms, while democratizing distribution, frequently exploit creators through unfavorable revenue splits or fail to prevent piracy. For instance, musicians earn fractions of a cent per stream on platforms like Spotify, while authors battle unauthorized e-book distribution. This is why we need a system where creators control their own IP. Tokenization—the process of representing assets as digital tokens on a blockchain—offers a solution, but most blockchains lack the scalability or affordability to support widespread IP applications. BSV, with its unbounded block size and high transaction throughput, fills this gap, enabling creators to tokenize everything from songs to scientific patents in a secure, cost-effective manner. BSV's technical advantages for IP tokenization BSV's blockchain is uniquely suited for IP management. Its ability to process 1,000,000 transactions per second (TPS), as demonstrated by the Teranode upgrade, supports global-scale tokenization without network congestion. Transaction fees, often below $0.00011, make it feasible to issue and trade tokens for small-value assets, such as a single poem or a 3D-printed design. The blockchain's immutable ledger ensures that tokenized IP records—such as proof of authorship or licensing agreements—are tamper-proof and verifiable. BSV's smart contract capabilities enable complex IP management workflows. For example, a musician could tokenize a song, embedding royalty splits that automatically distribute micropayments to collaborators each time it's streamed. Fractional ownership is another key feature: a patent for a new technology could be tokenized into 1,000 shares, allowing inventors to raise capital by selling stakes to investors. BSV's timestamping functionality provides a definitive record of creation dates, helping creators prove originality in disputes. Think of it as unhackable timestamping. Niche applications: Empowering creators BSV's IP tokenization shines in niche use cases that traditional systems overlook. Independent authors can tokenize e-books, offering readers exclusive access or limited-edition digital copies as non-fungible tokens (NFTs). Unlike Ethereum-based NFTs, which incur high gas fees, BSV's low costs make this viable for small creators. Visual artists can tokenize digital artworks, embedding resale royalty clauses to earn a percentage of future sales, addressing the 'starving artist' problem. Inventors, particularly in open-source or collaborative fields, benefit from BSV's fractional ownership model. A team developing a new biotech patent could tokenize it, allowing global investors to fund research in exchange for equity-like tokens. This democratizes innovation, enabling small-scale inventors to compete with corporate giants. Additionally, BSV's data storage capabilities allow creators to embed metadata—such as licensing terms or creative commons agreements—directly into tokens, streamlining IP management. The future: A creator-centric economy BSV's potential to transform IP management extends beyond individual creators. Applications are building BSV-based tools that integrate tokenization into creative workflows, from music production to patent filing. These tools could disrupt centralized platforms, giving creators direct access to global markets and simultaneously removing the middleman. Challenges remain, including regulatory hurdles and the need for user-friendly interfaces. However, BSV's regulation-friendly design, built to comply with legal frameworks, positions it to gain institutional adoption. As creators demand fairer systems, BSV's scalable, transparent approach could become the standard for IP tokenization, fostering a creator-centric economy. Conclusion BSV's ability to tokenize IP offers creators unprecedented control over their work. Its scalable blockchain, low fees, and smart contract functionality enable niche applications like fractional patents, royalty micropayments, and timestamped authorship records. By bypassing traditional intermediaries, BSV empowers artists, authors, and inventors to monetize their IP securely and transparently. As the creative economy evolves, BSV stands poised to redefine how intellectual property is managed, proving that blockchain can deliver tangible benefits for creators worldwide. Watch: Small casual payments transforms content creation business title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Trade Arabia
6 days ago
- Business
- Trade Arabia
Malaysia granted sovereignty over Bahrain cloud subscriber data
As part of the official visit by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, to Malaysia, an announcement was made that Malaysia will be granted full sovereignty over subscriber data hosted in Bahrain cloud computing centers. Lauding the move, Information & eGovernment Authority (iGA) Chief Executive Mohammed Ali Al Qaed underscored the growing Bahraini-Malaysian relations, describing the cooperation between the two countries as a key milestone that fosters strategic collaboration in the digital economy, knowledge exchange, and digital infrastructure development. He reaffirmed Bahrain's commitment to strengthening international cooperation in Information and Communication Technology (ICT) and advancing the digital ecosystem toward becoming a competitive, future-ready nation. This initiative reflects global confidence in Bahrain's legal, technical, and operational expertise in cloud computing, reinforcing its role as a trusted regional digital hub, he stated. According to him this move highlights the strong partnership and mutual trust between the two nations, and affirms Bahrain's commitment to data sovereignty and transparency, aligning with the highest regulatory standards and its vision for digital transformation. Bahrain is committed to building secure digital infrastructure that protects rights and ensures privacy in line with national legislation and global best practices. Al Qaed said that this decision complies with Decree No. (56) of 2018 on the provision of cloud computing services to foreign entities, as well as all related ministerial regulations.
Forbes
6 days ago
- Business
- Forbes
From Oil To Technology: The UAE's Rise To Web3 And AI Leadership
ABU DHABI, UNITED ARAB EMIRATES - MAY 15: U.S. President Donald J. Trump signs the guestbook as UAE ... More President Sheikh Mohamed bin Zayed Al Nahyan looks on and gives a thumbs up gesture after a meeting at Qasr al Watan (Palace of the Nation) on May 15, 2025, in Abu Dhabi, United Arab Emirates. Trump is on the third day of his visit to the Gulf to underscore the strategic partnership between the United States and regional allies including the UAE, focusing on security and economic collaboration. (Photo by) I've spent a decent amount of springtime in Abu Dhabi this year, seeing the UAE orchestrate a remarkable transformation from a traditional oil giant to a competent leader in the global digital economy. The push? AI and crypto, leveraging the nation's favorable policies and strategic geographic location while the two biggest economies in this world are at odds. Despite their individual strengths, AI and blockchain are increasingly interlaced, both striving towards systems that offer better autonomy, transparency, and data-driven intelligence, reshaping industries through their combined innovative potential. This drive will largely help the UAE capitalize on their complementary advantages to rewrite the global economic and technological race during this time of uncertainty. To know how the UAE is playing their range, we must look differently through the lens of Dubai and Abu Dhabi, the two iconic sites that share responsibility for the nation's strategic ascent to leadership in Web3 and AI. Dubai's strategy is characterized by its emphasis on agility, a strong commercial focus, and a clear ambition to be a global hub for FinTech, AI, and Web3. It leverages its established reputation as a business-friendly environment with world-class infrastructure, together with its latest push to build supportive regulatory frameworks to attract innovation, talent, and capital. Abu Dhabi's strategy is more geared towards a top-down, institutional approach, emphasizing foundational research, advanced technology development, and the establishment of strategic, large-scale infrastructure projects. It aims to become a global leader in AI and institutional-grade digital assets through significant government investment and fostering deep partnerships. To conclude, this dual approach allows the UAE to capitalize on a broad spectrum of opportunities in the global digital economy. As for the long-term results, questions that remain to be asked include:
