UAE plans center for the future with World Economic Forum

UAE Minister of State for Artificial Intelligence Omar bin Sultan Al Olama talking. (Screengrab)
Updated 24 January 2018
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UAE plans center for the future with World Economic Forum

DUBAI: The UAE will co-launch and host a center for the “fourth industrial revolution” with the World Economic Forum (WEF), according to the Emirati news agency WAM.
Mohammad Al-Gergawi, the UAE minister of cabinet affairs and the future, is expected to sign the deal with Klaus Schwab, founder and executive chairman of WEF, during the annual gathering in Davos, Switzerland.
The new center will provide technical support to government authorities in the field of transforming “industrial revolution principles into real applications,” WAM said.
Al-Gergawi and Schwab are also expected to also sign a cooperation agreement concerning the fourth industrial revolution protocol that will focus on building a legal and organizational framework for overseeing information.
This agreement will relate “to the various sectors of the industrial change which includes artificial intelligence, robotics, Internet of things, drones and autonomous vehicles,” said the report.
In 2017, Dubai launched the Smart Dubai 2021 e-governance scheme, which aimed to eliminate all paperwork at government institutions by 2021. Dubai also introduced the world’s first robo-cop, which entered public service in May last year, according to the Xinhua news service.
UAE government ministers spoke at WEF today at a forum titled “Pioneering the Future of Governance in the Arab World.” UAE Minister of State for Artificial Intelligence Omar bin Sultan Al Olama said during the talk the regional plan for artificial intelligence (AI) was to ensure that no jobs were replaced by AI, and that there are no autonomous weapons created using AI.
Also speaking was UAE Minister of State for Advanced Sciences Sarah Al Amiri, who told the audience that Arab youth must be involved and included in the decision-making process of governments in the Middle East.
The World Economic Forum runs until Jan. 26.


Saudi Arabia and UAE launch a new joint cryptocurrency

Updated 20 January 2019
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Saudi Arabia and UAE launch a new joint cryptocurrency

  • The cryptocurrency will be limited to banks during its first stages
  • The program will also help the two countries evaluate the monetary policies of a centralized currency

Saudi Arabia and the UAE have launched a joint cryptocurrency during the first meeting of the Saudi-Emirati Coordination council Saturday in Abu Dhabi, UAE’s national press agency WAM said.

The cryptocurrency will be limited to banks during its first stages, until the governments have a better understanding of how Blockchain technology operates cross-borders.

The currency operates on the use of a “distributed database between the central banks and the participating banks from both sides,” aiming to protect customer interests, set technology standards and assess cybersecurity risks. The new program will also help evaluate the impacts of a central currency on monetary policies.

During the meeting, representatives of Saudi Arabia and the UAE also signed the Joint Supply Chained Security Cooperation program, which tests the two countries abilities to provide vital supplies during times of crisis and national emergencies, as well as share expertise and knowledge in the field.

All 16 members of the executive committee of the council followed up on the execution of the initiatives mentioned in the Strategy of Resolve.

Representatives also set five other initiatives to enhance the cooperation between the two countries, such as facilitating the traffic between ports, improving airports to make it easier for people with disabilities to travel, creating a financial awareness program for children aged 7-18, starting a joint platform to support local SMEs, and the integration of civil aviation markets,

The committee was headed by Mohammad bin Abdullah Al-Gergawi, minister of cabinet of affairs and the future of UAE, and Mohammed bin Mazyad Al-Twaijri, minister of economy and planning in Saudi. The committee will also monitor the implementation of the initiatives.