Shailesh Sharma

Whilst the average is 3.83x, for the #financialservices sector, every fraudulent transaction costs an astounding 4.56x the lost transaction value in the KSA. Download our infographic which highlights main types of #fraud in Saudi Arabia along with the challenges & the largest contributors towards fraud losses.

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It's the list that we've been waiting for. Forbes Middle East has just revealed the Middle East’s top 100 CEOs for 2024. Find out who's spearheading the success of some of the most important companies and organisations in the region. #forbesmiddleeast #forbes #ceo #mena

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This collaboration with Emirates Institute of Finance (EIF) and Columbia University reaffirms our commitment to nurturing emerging talent and bridging the global talent gap in technological innovation in the finance sector SME10X

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Surrounded by brilliant minds and souls like Omar Al-Shabaan and Esam Al Thukair at the Global AI Summit, we can see firsthand how the future is unfolding before us. This event brings together global leaders in AI, driving discussions and showcasing innovations that are reshaping industries and societies. #ثامر_شاكر

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Commercial Bank of Dubai's Transformation with Azure: A Story of Innovation and Success 🌐 Commercial Bank of Dubai's evolution through Microsoft Azure demonstrates the impact of technological progression. Our recent achievements highlight how we've revolutionized banking by increasing our customer base fourfold and multiplying transaction volumes by ten in a short span of time. 🔧 Central to Innovation: Created a proprietary, low-code Corporate Internet Banking framework that supports swift deployment and digital innovation. Leveraged Azure’s advanced capabilities, such as Kubernetes, App Service, and DevOps tools, to refine our technological landscape. 🔐 Boosting Efficiency: Enhanced the visibility and control over transactions, delivering exceptional services to our clients. 💡 Looking Forward: Dedicated to persistent tech evolution, we’re establishing new standards in financial services with Azure’s cloud-native solutions. Read more about our journey towards a future, where cloud technology reshapes finance! #CommercialBankofDubai #CBD #Innovation #CloudJourney https://lnkd.in/gR7y35H5

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In our latest report, "Navigating the Path Back: Women Returners in KSA," we explore vital strategies for women looking to re-enter the workforce after a career break. 🎤 Join Hawazen Alhassoun in an enlightening conversation with Maha Taibah, where they delve into empowering tips and inspiring stories to help women in the Kingdom achieve a successful transition back to work. 👀 Watch the full interview here: https://bit.ly/3Uf2Ovs

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Learn how regulators can become partners in growth. This new report by Jad El Mir, Mahmoud Makki and Haidar Haidar explains how modern #ICTregulations can power a digital economy and move GCC countries closer to their bigger-picture economic ambitions. Download the report.

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As #SaudiArabia hosts the 8th Future Investment Initiative (FII) — known as “Davos in the Desert” — the world’s finance, business, and tech leaders gather to discuss significant investments and the kingdom's Vision 2030. The Public Investment Fund (PIF), now a $1 trillion powerhouse, is reorienting foreign firms to invest within Saudi borders, a strategic shift that strengthens Riyadh's influence and ambitions in the global financial landscape. Key areas include housing, technology (with a $40B AI partnership in talks with Andreessen Horowitz), and giga-projects like Neom and the monumental Murabba skyscraper. Amid fluctuating oil revenues, Saudi Arabia's fiscal demands intensify, compelling increased international partnerships, and bond issuance to support its expansive goals. Yet, even with local focus, the kingdom remains globally invested, expanding ties with China and key Western assets. From tourism to sports, Saudi's transformative Vision 2030 includes a drive for 150M tourists by 2030, $800B in sector investments, and a heightened profile in sports, including the upcoming 2034 FIFA World Cup. As the Middle East emerges as a financial epicenter, the FII illustrates the blend of ambition, economic strategy, and bold nation-building reshaping Saudi’s role on the global stage.

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🔝Where does the🕌Middle East stand in the global 🦾AI funding race❓ The #UAE and 🇸🇦Saudi Arabia are at the forefront of attracting more #capital to power their #AI ambitions 🕌Middle East #investment funds have the potential to become global players in the booming #artificialintelligence space, given their vigorous push in the advanced #technology sector, according to experts. International investors are particularly taking notice as the region targets untapped markets, clarifies government policies to create advanced tech-friendly environments and integrate AI into all aspects of the private and public sector, industry experts say. Consultancy PwC had estimated the region’s future slice of the world’s AI market at 2 per cent – $320 billion – by 2030. Yet this was predicted about six years ago, before the region attracted billions and sealed partnerships with major western tech leaders such as #Oracle and #Amazon. Most recently, in April, Microsoft entered a $1.5 investment and #partnership with the UAE’s leading AI entity G42. The UAE and Saudi Arabia are at the forefront, as the Arab world's two biggest economies that have focused on diverting away from oil and gas reliance, in pursuit of being recognised as global hubs for tech entrepreneurship and innovation. Global corporations seeking to tap into the region’s anticipated future influence are acting on the offerings. “Compared to global counterparts, Middle Eastern AI funds are still nascent … [but] the growth is expected to be significant,” Mohammed Soliman, director of the strategic technologies and cybersecurity programme at the Washington-based Middle East Institute think tank, told The National. He said that “the region offers a compelling case for AI investors”, as “governments are actively supporting AI development through funds and initiatives”. This is shifting the gaze of global tech heads who are looking to connect to the Middle East and further, said Mr Soliman. Read More…

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As per Rohini Nilekani: " We cannot be mere #consumers of good #governance, we must be #participants; we must be #cocreators."  Sharing my latest interview at Al Bayan Magazine issue 631 #egovernance #ESG #digitalera #arabworld #participation #economy

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Credit #ratings reaffirmed: S&P reaffirms' #Bahrain's ‘B+/B’ rating with a stable outlook; Fitch affirmed a “BB+” credit rating for #Oman with a stable outlook Nasser SAIDI https://t.co/hJFMLx4NSa

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"Exploring P2P Sandbox Solutions for SMEs,” which took place at I4.0 Capability Center today aimed to foster innovation and enhance collaboration among SMEs and their partners, covering challenges and opportunities as well as the benefits, risks, and potential impact of P2P sandboxes.

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Yet again some impactful insights on how we do banking in the region. I still think that the human factor is one of the most important elements of banking. We are always on the hunt for financial advisors to bridge the gap of financial literacy. No mater who you are, you always need someone to help you manage and take the right decision, i believe that the human factor in today's digital apps is missing and am on a mission to convert that into a reality. And that reality can only be done with strong #Engineering at EPAM Systems we are always looking to build the next big thing. #GenAI is at the core of what we are doing. Make sure to watch this space something big is happening. Checkout #EPAM #DIAL https://lnkd.in/dq8TyQZx CC : Chander Mishra, Dennis Joosten, Naief Jobsen, Siham Berrached, Anton Lashmanov #Banking #DigitalBanking #HumanFactor #KSA #GCC #Engineering

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How do I become carbon neutral? how do I become more 'sustainable'? Is a question asked by many businesses. I believe, it starts by understanding where you are today, so you can make informed decisions about tomorrow. Which is why we have developed a free tool for individuals and businesses to calculate their carbon footprint, visit kyogreen.com and create your free business profile. For more specialist advice and developing a bespoke strategy you can visit us at www.kyoto.network. #Kyogreen #CarbonFootprintCalculator #Sustainability #EcoFriendly #GreenTech #CarbonNeutral #ClimateAction #EnvironmentalImpact #GoGreen #SustainableLiving

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The financial technology sector (FinTech) in Saudi Arabia is witnessing tremendous growth, supported by strategic directions to enhance innovation and achieve digital transformation within the framework of “Saudi Vision 2030”. The Kingdom is currently one of the region's most prominent emerging financial centers, benefiting from developments in modern technology, especially artificial intelligence, to support the financial sector. In the following article, we discuss the importance of the FinTech sector, the revolution it is causing in the business world, and the challenges it faces with digital transformation expert Ramez Al kara and Professor Jihad Faitrouni . For the full article click on the link below: https://lnkd.in/gXCTYCx2

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What do we really acknowledge when we talk about 25 years of King Abdullah II reign, I believe there are three main things we can talk about; we definitely have to acknowledge resilience first, being in a region where countries with much more resources have turned into failed states, and we became the refuge for our brothers and sisters from those countries. We acknowledge a balanced approach and ability to mitigate global and regional risks, keeping the focus on the best interests of Jordanians maintaining our security, stability, maintaining wisdom at the toughest times. We also acknowledge being always forward-looking, but with revisions, admitting mistakes and taking action to correct them. This is what we acknowledge, appreciate, and celebrate. Looking forward to the next 25 years where we can be more self-dependent, sustainable, and competitive.

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As His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, meets with Brad Smith, Vice Chair and President of Microsoft, here's an opportunity to summarize the key technology and UAE announcements made since early 2024. ## Microsoft's Strategic Partnership with G42 - AI: Microsoft invested $1.5 bn in UAE-based AI firm G42 with plans to bring AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa. - Cloud: G42 will run its AI applications and services on Microsoft Azure, delivering advanced AI solutions to global public sector clients (Sovereign Cloud) and large enterprises via Khazna Data Centers, a JV company between G42 and e&. - Responsible AI Initiatives: 2 new research centers will be established in Abu Dhabi: an AI for Good Research Lab and a Responsible AI Centre. - Developer Support: a $1 bn fund will be established for developers, boosting AI skills. ## Cisco's Role in Enhancing Collaboration - Cisco announced a new Point of Presence (PoP) for cloud-delivered security services (Secure Service Edge) in the UAE aiming to enhance cyber protection for high-capacity users, infrastructure, and investments against cyber threats. - Microsoft and Cisco have strengthened their partnership, allowing for seamless interoperability between Microsoft Teams and Cisco’s Webex platform, enabling users to switch between Teams and Webex without rebooting or reconfiguration while maintaining access to features from both systems. The collaboration between these tech giants aligns perfectly with the UAE's digital transformation strategy, collectively reinforcing the UAE's position as a global tech and AI and cybersecurity hub in the UAE and broader region, empowering local organizations with cutting-edge AI capabilities and flexible security services. This Microsoft-G42 partnership was achieved despite intense scrutiny from U.S. lawmakers due to G42's previous connections with China, demonstrating the UAE's strong determination to advance its digital transformation strategy and solidify its position as a global tech hub, even in the face of geopolitical challenges. #MicrosoftInUAE #CiscoInUAE #G42 #e& #AbuDhabi #UAE #AIInnovation #DigitalTransformation #Cybersecurity #ResponsibleAI #AIForGood

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Good blog by Haris Imtiaz, CFA on the IPOs in the Saudi Market and the returns they have generated. There have been 84 IPOs in the Saudi Market since 2021. Last year, the IPOs generated a 3-month return of 84% on average, creating what KTrade Saudi calls, the Great Saudi IPO Trade. #SaudiArabia #IPOs #SaudiTadawul #SaudiStockExchange

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