Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Dubai International Financial Center launches AI, UAE’s first coding license

DIFC aims to attract AI companies and coders from around the world.
  • The license is expected to advance the country's Artificial Intelligence Strategy 2031.
  • The license provides an opportunity to obtain the UAE Golden Visas for employees.

Dubai International Financial Center (DIFC) has launched Artificial Intelligence (AI) and UAE’s first coding license in cooperation with the UAE AI Office.

The license will advance the country’s Artificial Intelligence Strategy 2031.

It aims to enhance the UAE’s reputation in this field by attracting AI companies and coders from around the world.

Companies holding the license will be able to work within a stimulating environment at the DIFC Innovation Hub.

The hub is the largest cluster of FinTech and innovation companies in the region and hosts more than 500 firms, ranging from start-ups to global unicorns.

This represents over 60 percent of GCC FinTechs.

The license provides an opportunity to obtain the UAE Golden Visas for employees working in those companies.

Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, commented, “This is being achieved by developing digital activities and providing innovative solutions that improve governments’ performance and the lives of communities.”