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AspenTech to focus on Industrial AI and sustainable solutions at ADIPEC 2024

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AspenTech

AspenTech has announced its participation in ADIPEC 2024, one of the world’s largest and most influential energy industry events. Taking place from 4th to 7th November 2024 in Abu Dhabi, AspenTech will showcase its latest Industrial AI innovations and sustainability solutions in Hall 14 at Stand 14350.

The company will demonstrate how Industrial AI and digital technologies are revolutionizing energy infrastructure, helping companies across asset-intensive sectors achieve operational excellence while meeting sustainability goals.

Industrial AI to Drive Energy Transition

AspenTech’s presence at ADIPEC will highlight how its Industrial AI innovations provide agility, automation, and guidance, helping energy companies to adapt to fluctuating market demands, address supply chain complexities, and make data-driven decisions faster. These technologies are already delivering tangible value by optimizing asset performance, reducing emissions, and driving sustainable practices across the oil, gas, and chemical sectors.

“We believe that Industrial AI holds the key to solving some of the most pressing challenges faced by the energy industry today,” said Vikas Dhole, SVP Product Management at AspenTech. “We will demonstrate how industrial AI is transforming operations and enabling energy companies to meet decarbonization goals while maintaining efficiency and operational performance.”

Visitors to AspenTech stand in Hall 14 Stand #14350 will get a first-hand look at its latest Industrial AI-driven solutions designed to optimize operations, enhance safety, and unlock new levels of productivity, all while reducing the carbon footprint. Attendees can explore how AI is enabling autonomous production systems, allowing industries to scale rapidly, lower energy consumption, and drive profitability while empowering workers to focus on more strategic tasks. AspenTech’s solutions are already being used by the top 20 energy companies such as Sabic, OMV, Saudi Aramco and Repsol among others, to achieve a new era of autonomy in manufacturing and energy production.

Cross-Sector Partnerships for Decarbonization

Dhole added: “We’ve focused heavily on building lasting partnerships and delivering advanced technology solutions that help our customers adapt to the new energy landscape and seize opportunities. AspenTech has a legacy of over 40 years of innovation, and we remain committed to driving further progress in Industrial AI, which plays a pivotal role in supporting our customers’ sustainability targets and long-term growth. As the energy sector embraces digital transformation, we are excited to help businesses navigate this transition and move toward a more sustainable, low-carbon future.”

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Rentify Introduces the First AI Workforce for Property Managers, Expanding Earn AI with Renewal Command Center

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Earn AI grows into a team of specialised AI agents that help property managers scale operations, automate renewals and embed financial services while keeping people in control of every decision.

Dubai, United Arab Emirates: Rentify, a cutting-edge fintech & proptech startup, announced the launch of Renewal Command Center, the third specialised AI agent within Earn AI, its AI-native operating system for rental operations.

Today, Earn AI supports property portfolios representing more than AED 22 billion (USD 6 billion) in real estate assets and over AED 1.3 billion in annual rental value, demonstrating how some of the region’s largest property portfolios are already adopting AI-native rental operations.

Unlike traditional software that only records information, Earn AI detects what needs attention, prepares the required work and coordinates execution. Property managers can upload spreadsheets, lease agreements and fragmented portfolio information and see it transformed into a live, structured portfolio view in under 60 seconds.

Each specialised Earn AI agent has a clearly defined responsibility while operating within approval workflows that ensure property managers remain in complete control of every important decision.

AgentCore Responsibility
Intelligence AgentTransforms spreadsheets, lease agreements and fragmented property data into a structured intelligence layer across an entire portfolio.
Collections AgentAutomated rent collection, payment coordination & portfolio-wide management
Renewal Command Center (NEW)End-to-end renewal workflow that includes lease generation, prepares tenancy agreements accommodating tenant intel, insurance, Open Banking & payments across all Emirates

Nearly 80% residential tenants renew their tenancy agreements each year, making renewals one of the largest recurring operational responsibilities for property managers. Across the real estate industry in the UAE, experienced property managers are expected to oversee larger portfolios while managing renewals, collections, tenant onboarding, documentation, compliance and financial coordination across multiple disconnected systems. As portfolios grow, operational work grows faster than teams.

Through Rentify’s product Rent Shield in partnership with YallaCompare, landlords and tenants can seamlessly access rental insurance during the renewal process. Integration with Spare, a leading open finance provider, enables Open Finance-powered affordability assessments and Pay-by-Bank payment orchestration that supports Rentify’s existing digital payment infrastructure. The platform will also make rent renewal seamless with embedded financial services.

Rajneel Kumar, Co-founder, Rentify, said, “We built Earn AI around a simple idea that technology should handle the operational heavy lifting so property managers can focus on outcomes for landlords and tenants. For decades, the only way to scale was to hire more people, but AI changes that. Renewal Command Center takes that idea into one of the most repetitive workflows in property management, connecting renewals, tenant intelligence, Open Banking, embedded insurance and payments in a single flow, with every critical decision still made by a person.”

Rashed Hareb, Co-founder & CEO, Rentify, said, “Property managers don’t need more dashboards. They need greater operational capacity. Over the next decade, every major operational function  within the property management business will gain a specialised AI counterpart. Our role is to build an operating system that enables those teams to work together seamlessly.”

Rentify believes the future of property management is not about replacing people with artificial intelligence. It is about giving every property manager a specialised AI workforce that quietly handles repetitive operational work, allowing people to focus on relationships, judgement and portfolio growth.

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Tax Star Raises $1.75m Seed Round to Scale as a Pre-Approved Accredited Service Provider for UAE E-Invoicing

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Tax Star, the UAE’s first AI-powered corporate tax software platform, announced it has closed a $1.75 million seed funding round. The raise comes as Tax Star positions itself around one of its most significant regulatory milestones to date, its status as a pre-approved Accredited Service Provider (ASP) for UAE e-invoicing. The round was backed primarily by angel investors.     

Tax Star built its reputation as the first AI-powered corporate tax compliance software in the UAE, helping businesses navigate the country’s evolving tax landscape with automation and intelligence at the core of its product. This new funding builds directly on that foundation, with the company now doubling down on its role in the UAE’s e-invoicing rollout, a mandate will require businesses across the UAE to appoint an ASP and implement a compliant e-invoicing process connected to the UAE Electronic Invoicing System.

As a pre-approved ASP, Tax Star is positioned to serve as a trusted bridge between businesses and the UAE’s e-invoicing infrastructure. Being pre-approved validates Tax Star’s technical readiness ahead of key regulatory deadlines, and signals to the market that the company is positioned to capture demand as UAE businesses work to become compliant.

Proceeds from the round will be directed toward three core areas: go-to-market expansion, product development, and simplifying compliance for businesses navigating the UAE’s e-invoicing requirements. Rather than allocating the raise narrowly toward specific accounting-software integrations or new-market entry alone, Tax Star said the funding is designed to strengthen the of what businesses need to become, and stay, compliant.

The raise also supports Tax Star’s broader regional ambitions. The company has stated plans to expand into the GCC     as part of its longer-term roadmap. The UAE’s e-invoicing framework, and Tax Star’s early positioning within it, is expected to serve as proof as the company pursues similar opportunities in other markets undergoing their own digital tax transformations.

Tax Star also acknowledges that being part of the Plug and Play and Dubai Founders HQ (DFHQ) start-up program helped Tax Star to prepare themselves for this investment round and helped refine its future expansion plans. The company is also part of the Microsoft for Startups Program and is aspiring to join Dubai’s D33 initiative.

The timing of the raise aligns with a fast-approaching regulatory calendar. Businesses in the UAE with annual revenue of AED 50 million or more      face an ASP- appointment deadline of October 30, 2026, ahead of the first mandatory implementation phase for businesses with annual revenue of AED 50 million or more in January 2027. Tax Star said the new funding is intended to help ensure UAE businesses, regardless of size, are equipped to meet these deadlines without disruption to their operations.

“This funding allows us to focus on what matters most right now: easing the compliance burden for businesses across the GCC as e-invoicing becomes a reality,” said Rayhan Aleem, Co-founder and CEO of Tax Star. “Being a pre-approved ASP puts us in a strong position to support businesses through this transition, and this raise lets us invest in the team, the product, and the go-to-market work needed to do that at scale.”

Tax Star is the UAE’s first AI-powered corporate tax software platform and a pre-approved Accredited Service Provider for UAE e-invoicing. The company is also the only Accredited Service Provider listed on the Xero and QuickBooks App Stores offering native integration with those accounting platforms, alongside smooth integrations with Zoho, Odoo, and Naqood. Tax Star helps businesses simplify tax and compliance obligations through automation and AI, with plans to expand its footprint across the GCC and into Europe.

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FIFA Selects Globant to Create a Continuous Fan Experience Ecosystem for Football Fans Using AI Pods Powered by Glob.AI

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FIFA has selected Globant (NYSE: GLOB) to redesign its global fan engagement, transforming how football is delivered to and experienced by billions worldwide.

Key FIFA digital platforms will now enable a more “joined-up” experience for fans where their preferences are recognized across platforms and competitions. Powered by AI Pods by Glob.AI, these platforms will continuously learn from real-time data and generate new experiences for fans all year round, growing FIFA’s influence beyond single tournaments.

This announcement marks an exciting evolution in how FIFA leverages technology within this partnership. FIFA is embracing an AI-native, consumption-based model. Glob.AI brings together human-supervised AI agents based on Globant’s proven processes, forged over 23 years of enterprise software experience. All institutional knowledge generated is secured within a proprietary token vault, granting FIFA complete ownership of its data and future AI-driven innovations. Initial pilots with FIFA have already demonstrated a 20% efficiency increase in throughput generation while maintaining or improving quality rates .

With this new advanced technology implementation, FIFA is working to create a centralized digital ecosystem that learns and will be able to adapt in real time to improve core pillars of the match day and fan experience including:

  • Unified Fan Identity: Strengthening FIFA ID as the connective tissue across all digital touchpoints, enabling the organization to recognize, reach and reward fans whether they’re watching from home or attending a match.
  • FIFA website: Evolving FIFA.com into a personalized hub for fans, leading to personally relevant content.
  • The FIFA Tournament App: Evolving a single, customizable platform that brings together schedules, real-time content and local host city insights for fans on the ground.

For the fan, this means a more human-centric experience: a single digital thread that connects their interaction with FIFA platforms and their attendance at FIFA tournaments, where their fandom is remembered and can be rewarded. Every touchpoint will be powered by specialized AI architectures, which will learn from each action in order to provide increasingly precise and efficient services.

For FIFA, this move will help to end the era of the “anonymous fan” by connecting disparate journeys through a single and actionable ecosystem. By consolidating first-party data and strengthening digital identity, FIFA will gain better insights about how global fans operate and how to enhance their football experience, applying this intelligence to future tournaments, content and commercial initiatives.

“Our goal is to ensure every fan experiences football in a personal way that deepens their emotional connection,” said Mattias Grafström, FIFA Secretary General. “With Globant’s continued innovation, we can hold our technology projects to a higher standard and develop a system that learns and adapts to the needs of our global audience. By keeping the needs of fans present at all times, we will create a more sustainable future for our game.”

“We’re working with FIFA to shape technology around the fan,” said Martin Migoya, Co-founder and CEO of Globant. “With our AI Pods powered by Glob.AI we are building on our five years of collaboration by implementing a whole new service delivery model that moves at the pace of fandom. Football is the world’s number one sport because it remains unpredictable and accessible to all; the human-assisted AI model is key for technology systems that scale quickly and deliver the always-on entertainment that fans expect.”

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