The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) entered into a cooperation and referrals agreement between the innovation teams of each authority. The agreement mainly echoes the commitment of both authorities to help design an environment that supports the sustainable development of financial services through emerging technology.

Read more: Dubai, Singapore partner on fintech development

The Next Generation Mobile Networks (NGMN) Alliance - which drives and guides the development of all future mobile broadband technology with a focus on 5G - published its V2X (cellular vehicle to everything) white paper containing the findings of two years of work by a task force of best in class industry specialists from across the world.

Read more: NGMN Alliance announces groundbreaking recommendations on C-V2X technology

Developments in the telecommunications industry in terms of fifth generation networks are happening at an accelerated pace now that we're getting closer to the end of 2018 - a deadline that some telcos gave for 5G deployment. The successful completion of the first implementable Release 15 5G New Radio (NR) specifications was announced in December 2017 at the 3GPP TSG RAN Plenary Meeting in Lisbon, Portugal, and last June, industry players announced the official approval of the "5G standalone" specifications.

Read more: Where do regulations stand in the journey towards 5G?

New digital scenarios have emerged since the development of the very first smartphone, with data being at their heart. Robotics, artificial intelligence and connected devices have introduced a whole new era that requires overhauled infrastructure and a digital shift for businesses to keep pace with emerging trends. A new approach capable of embedding businesses into the new world appears to be crucial with the sole purpose of driving intelligence everywhere. We introduce to you the internet of thinking.

Read more: Forget about internet of things, it’s about internet of thinking now

As the Middle East undergoes rapid digital transformation, the regional leadership is putting strategies in place to accelerate their digital agendas as a part of their national visions. The reason is simple: investing in digitalization pays. To cope with market demands and maintain a competitive edge, organizations are moving to the cloud and adopting machine learning and AI technologies to enhance their performance and are becoming smarter in the way they operate. All this requires a reliable, cost-effective and agile ICT infrastructure. This, perhaps, is the defining line between success and failure of a business or a country's economy in todays' world.

Read more: KunLun SAP HANA Appliance: the right tool for digitalization

The UAE Minister for Artificial Intelligence and Invest India have signed a Memorandum of Understanding for the India - UAE Artificial Intelligence Bridge which is dedicated to spur discussion and explore options for both countries to grow their artificial intelligence economies. This partnership will generate an estimated $20 billion USD in economic benefits during the next decade.

Read more: The UAE and India collaborate on Artificial Intelligence

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