Tech Features
AI and Digital Currencies Transform MENA Into Rising Fintech Leader
By Naser Taher, Chairman of MultiBank Group

The Middle East and North Africa (MENA) region has become the leading laboratory for financial innovation, where artificial intelligence (AI), central bank digital currencies (CBDCs), and sovereign wealth fund (SWF) strategies converge to reshape global cash flows. According to the World Economic Forum, venture capital investments in MENA grew by about 33% a year from 2015 to 2023, with funding reaching $644 million in 2024. This surge reflects deliberate efforts to position the region as a fintech powerhouse for the new economy.
One of the most significant developments is the strategic collaboration between the Abu Dhabi Investment Office (ADIO) and the Trump Organization to establish an AI and Web3 Free Zone. The $6.6 billion initiative aims to attract global tech firms, AI researchers, and fintech ventures to the UAE, further cementing MENA’s leadership in next-generation digital infrastructure.
Machine learning algorithms now process trades worth billions on Saudi Arabia’s Tadawul exchange daily, while automated risk assessment systems evaluate loan applications in real time from Dubai to Riyadh. Saudi Arabia’s Financial Sector Development Program has embedded AI throughout its capital markets ecosystem as part of Vision 2030’s broader economic transformation. PwC analysis projects this technological integration will generate almost $135 billion for the country’s economy by 2030, fundamentally altering how banks manage liquidity, assess credit risk, and compete regionally.
Central banks across the Gulf have moved beyond theoretical frameworks into live testing of digital currencies. The UAE’s Digital Dirham is set to enter retail circulation through licensed banks and fintech companies by late 2025, enabling near-instant cross-border payments where traditional banking requires days and charges hefty fees. Meanwhile, Saudi Arabia and the UAE have jointly piloted Project Aber, issuing a single wholesale CBDC.
Gulf SWFs are reshaping the region’s infrastructure landscape, no longer content with simple portfolio plays. These institutions now control $4.9 trillion in assets, with projections reaching $7.3 trillion by 2030. In the first nine months of 2024, they accounted for 40% of all international SWF transactions, deploying $55 billion across 126 deals. Notably, Abu Dhabi’s Investment Authority and Saudi Arabia’s Public Investment Fund (PIF) are increasing allocations to blockchain and digital projects. In Qatar, the Qatar Investment Authority is working through the Qatar Financial Centre’s new Digital Asset Regulations 2024 to trial real-world asset tokenization.
Alongside these public sector moves; private institutions are also innovating on a scale. MultiBank’s new Electronic Communication Network (ECN) will introduce the Gulf’s first interbank trading and prime brokerage ecosystem, linking BRICS and GCC jurisdictions. Designed to compete with Western counterparts such as Bloomberg and Reuters, it connects conventional trading desks to machine-driven order routing and the MultiBank Chain’s tokenization layer. Cross-border deals become faster, safer, and more transparent, with settlements possible in gold or a mix of currencies instead of U.S. dollars alone. By opening the door to tokenized real-world assets and other decentralized products, the network sharpens the Gulf’s bid to serve as a global finance hub.
However, important challenges remain. Fintech ventures still need to navigate a maze of rules that shift from one border to the next; a single, region-wide framework would let ideas—and capital—move faster. As more money flows online, hackers gain fresh openings, and cybersecurity becomes even more critical. And while Gulf youth embrace tech with ease, the GCC needs far more specialists who can work with blockchains, train risk models, and secure CBDC payment rails. That calls for a push on everything from university courses to mid-career reskilling.
The next breakthrough won’t come from technology alone but from how well policymakers, entrepreneurs, and the sovereign heavyweights backing them work in sync. CBDC pilots are live, AI already guides trading desks, and deep pools of patient capital sit ready to fund new ideas. If the region’s key players keep pulling in the same direction, the Gulf won’t just join the digital finance conversation—it could end up leading it.
Tech Features
HOW WOMEN SCIENTISTS CAN ACCELERATE NATIONAL INNOVATION GOALS
Dr Heba El-Shimy, Assistant Professor (Data and AI), Mathematical and Computer Sciences, Heriot-Watt University Dubai

Healthy societies, institutions, or teams operate best when comprising a healthy balance between males and females. A landmark study by Boston Consulting Group (BCG) with the Technical University of Munich uncovered that companies with above-average gender diversity generated around 45% of their revenues from innovative products, compared to only 26% as innovative revenues for companies with below-average gender diversity. These findings are echoed in the scientific field. A 2025 study by Nature analyzing 3.7 million US patents revealed that inventing teams with higher participation of women are associated with increased novelty in patents. Research by the Massachusetts Institute of Technology confirms that teams with more women exhibit significantly higher collective intelligence and are more effective at solving difficult problems. These studies tell one clear story: that participation of women in innovative and scientific fields is not only desirable — it is a strategic national asset.
UAE Women In STEM
The UAE holds one of the world’s most striking gender profiles in STEM education. According to UNESCO data, 61% of graduates in STEM fields are Emirati women, surpassing the Arab world average of 57% and nearly doubling the global average of 35%. At government universities, 56% of graduates are women, and they represent over 80% of graduates in natural sciences, mathematics, and statistics.
These numbers have translated into accomplishments that have captured global attention. The Emirates Mars Mission — the Hope Probe — was developed by a team of scientists that was 80% women, selected based on merit. Noora Al Matrooshi became the first Arab woman to complete NASA astronaut training in 2024. The Chair of the UAE Space Agency and the mission’s Deputy Project Manager is a woman: H.E. Sarah Al Amiri. At Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), female enrolment reached 28% within five years and continues to grow. Women’s talents are being recognised — this is not a mere future ambition, but a present reality.
Scientific Research As An Engine For National Strategy
The ‘We the UAE 2031’ vision sets ambitious goals: doubling GDP to AED 3 trillion, generating AED 800 billion in non-oil exports, and positioning the country as a global hub for innovation, artificial intelligence, and entrepreneurship. The UAE’s rise to the 30th place in WIPO Global Innovation Index 2025 signals a steady pace towards achieving the UAE 2031 vision. Sustaining this ascent requires continued investment into human capital to produce research output, intellectual property, and commercial innovation at a pace matching the ambition. This is precisely where women scientists become indispensable.
Women scientists are already major contributors to the seven priority sectors identified in the UAE National Innovation Strategy: renewable energy, transport, education, health, technology, water, and space. UAE women scientists are research-active in climate science, sustainable materials, clean energy systems, AI-driven diagnostics in healthcare, and environmental monitoring — all crucial sciences that the national development commitments depend on.
Knowledge economies are built on the ability to generate, apply, and commercialize research locally — reducing the dependence on imported technologies and creating self-sustaining innovation ecosystems. When a researcher at UAEU develops patented computational methods for drug design, as Dr. Alya Arabi recently did with four patents spanning AI-driven pharmaceutical development and medical devices, that is intellectual property created on UAE soil, addressing healthcare challenges that would otherwise require imported solutions. When women scientists at Masdar City and Khalifa University advance research in solar energy systems, carbon captured materials, or sustainable desalination, they are producing foundational science that the UAE’s Net-Zero 2050 Strategy depends upon.
Masdar’s WiSER (Women in Sustainability, Environment and Renewable Energy) programme has graduated professional young women from over 30 nationalities, closing the gap in the global sustainability workforce. In healthcare, women scientists are active in the areas where AI, genomics, and precision medicine converge. The Emirati Genome Programme, M42’s Omics Center of Excellence, and the Abu Dhabi Stem Cells Center all represent domains where locally produced research can reduce the country’s reliance on imported diagnostics and therapeutics.
From these examples, it is clear that women scientists’ and researchers’ contributions are a central pillar of the national R&D ecosystem.
A Regional And Global Perspective
The UAE’s experience is instructive for the wider region. Across the Arab world, up to 57% of STEM graduates are women, yet the MENA region maintains one of the lowest female workforce participation rates globally at 19%. Saudi Arabia’s Vision 2030 has made notable progress, with women’s workforce participation reaching 36.2% and women now comprising 40.9% of the Kingdom’s researchers. The challenge across the GCC and MENA is consistent: converting educational attainment into sustained professional participation and research output. Globally, only one in three researchers is a woman, and parity in engineering, mathematics, and computer science is not projected until 2052. UNESCO’s 2026 International Day of Women and Girls in Science theme — “From Vision to Impact” — captures this urgency well.
The Way Forward: From Vision To Impact
As an academic working at the intersection of artificial intelligence and healthcare research in Dubai, I witness this potential daily — in students who arrive with rigour and ambition, in researchers producing work that stands alongside the best globally, and in a national ecosystem that increasingly treats women’s scientific participation as a strategic priority rather than a social courtesy. But policies alone do not produce innovation. What produces innovation is funding, access to facilities, clear pathways from research to commercialisation, and the recognition that a woman scientist publishing a patent in the UAE is building national capability in exactly the same way as the infrastructure projects that make headlines.
Sustained commitment is key — from governments, institutions, and the private sector — to ensure that every woman scientist in this region has the funding, the platforms, and the pathways to convert her research into national impact. When women scientists thrive, nations innovate faster. The UAE understands this. Now it must ensure the rest of the ecosystem does too.
Tech Features
WOMEN IN AI AND DATA SCIENCE: WHO IS BUILDING THE ALGORITHMS THAT SHAPE OUR FUTURE?
Dr Maheen Hasib, Global Programme Director for BSc Data Sciences, School of Mathematical and Computer Sciences, Heriot-Watt University Dubai

Artificial intelligence (AI) and data science are no longer distant or experimental ideas. They quietly sit behind many of the decisions that shape our everyday lives: how patients are diagnosed, how job applications are filtered, how loans are approved etc. These systems increasingly influence who gets opportunities and who does not. That reality makes one question impossible to ignore: who is building the algorithms that shape our future?
As a Programme Director for the Data Sciences programme at Heriot-Watt University, this question is not just academic for me, it is deeply personal. Every year, I meet capable, curious, and motivated young women who are genuinely interested in data science. Yet many hesitate. Not because they lack ability, but because they are unsure whether they truly belong in the field. Too often, they do not see people (like themselves) reflected in AI research, technical teams, or leadership roles. And that absence matters.
When bias in AI feels uncomfortably familiar
AI systems are often described as objective or neutral, yet they are trained in data shaped by human history, something that is far from neutral. When training data reflects existing gender imbalances, AI systems can replicate and even magnify those patterns. This has led to technologies that perform less accurately for women, fail to capture women’s health needs, or disadvantage women in recruitment and evaluation processes.
For many women, these outcomes feel uncomfortably familiar. They echo everyday experiences of being overlooked, misunderstood, or underrepresented. In most cases, this is not the result of deliberate exclusion. It is the consequence of design choices made without diverse perspectives at the table.
Why representation goes beyond numbers
Representation in AI and data science is often discussed in terms of statistics or diversity targets. But at its core, representation is about perspective. When women are involved in developing AI systems, they help shape how problems are defined, what data are considered relevant, and which risks are taken seriously.
From an academic perspective, diverse teams produce more robust research and better-tested models. From a human perspective, they help ensure that AI systems work for the full range of people they are meant to serve. Inclusion improves both technical quality and social impact, it strengthens the science and the society it serves.
Women and the future of ethical AI
Many women working in AI are already at the forefront of discussions around fairness, transparency, explainability, and responsible data use. These are not peripheral concerns; they are central to building trustworthy AI. Ethical AI requires asking difficult questions: Who might be harmed when a system fails? Whose data is missing? Who is affected by design decisions that seem minor on the surface?
By advocating for human-centered approaches, women in AI are helping shift the field beyond purely performance-driven metrics toward systems that balance innovation with responsibility.
Education, encouragement, and visibility matter
At Heriot-Watt University Dubai, we make a deliberate effort to encourage women to pursue data science, not just as a degree, but as a long-term career. This means creating supportive learning environments, highlighting female role models, and openly discussing the wide range of paths that data science can lead to. Students need to see that success in AI does not follow a single template.
Equally important are spaces where women can connect, share experiences, and feel supported. As an ambassador for Women in Data Science, I have seen how such events play a vital role. They create visibility, build confidence, and remind women that they are not alone. We need more of these initiatives, not as one-off celebrations, but as sustained platforms for mentorship, networking, and growth.
Encouraging women in AI is not about lowering standards or meeting quotas. It is about recognizing that inclusive participation leads to better research, more ethical technologies, and systems that genuinely reflect the societies they shape.
Conclusion
As AI and data science continue to influence our world, we must ask not only what these systems do, but who designs them. Supporting women to study data science, pursue AI careers, and step into leadership roles is essential to building technologies that are fair, responsible, and trustworthy. Through education, visibility, and initiatives, we can help ensure that the future of AI is shaped by many voices.
The future of AI should be one where women do not simply use technology but actively shape it.
Tech Features
INSIDE THE TECHNOLOGY THAT MAKES HUAWEI FREECLIP THE BEST OPEN-EAR EARBUDS!
It has been two years since the debut of the original HUAWEI FreeClip, Huawei’s first-ever open earbuds that took the market by storm. Its massive popularity proved that the world was ready for a new kind of listening experience. The new HUAWEI FreeClip 2 tackles the hard challenges of open-ear acoustics physics head-on, combining a powerful dual-diaphragm driver with computational audio. It delivers depth and clarity, which was once thought impossible with an open-ear design.
Solving the acoustic limitations of open-ear audio alone would have been sufficient to make the HUAWEI FreeClip 2 our pick for best open-ear audio. But it is way more than that.
Comfortable C-Bridge design
The HUAWEI FreeClip 2 earbuds weigh only 5.1 g per bud, a 9% reduction from the previous generation. This lightweight architecture ensures an effortless experience, perfect for long calls, workouts, and commutes, allowing you to wear them all day without fatigue. The comfort bean is 11% smaller than the previous model, yet the design provides a secure fit that prevents the earbuds from falling out, even during intense activity.
Constructed from a new skin-friendly liquid silicone and a shape-memory alloy, the C-bridge is 25% softer and significantly more flexible than its predecessor. Finished with a fine, textured surface, it ensures a comfortable, irritation-free wearing even after extended use.
Adaptive open-ear listening
The acoustic system has been significantly upgraded, featuring a dual-diaphragm driver and a multi-mic call noise cancellation system. This setup not only delivers powerful sound but also maximises space efficiency. That’s why, despite their small size, these earbuds can deliver substantial acoustic performance.
The Open-fit design of the earbuds demands high computing power to maintain sound quality and call clarity. The HUAWEI FreeClip 2 offers ten times the processing power of the previous generation, serving as Huawei’s first earbuds to feature an NPU AI processor for a truly adaptive experience. The new dual-diaphragm driver includes a single dynamic driver with two diaphragms, effectively doubling the sound output within a compact space to provide a significant boost in volume and bass response.
Furthermore, the earbuds dynamically detect surrounding noise and adjust volume and voice levels in real-time. If the environment is too noisy, the system uses adaptive voice enhancement to specifically boost human frequencies, ensuring you never miss a word of a podcast or audiobook. When you return to a quiet environment, the earbuds automatically settle back to a comfortable volume level.
Crystal clear calls
To ensure call quality in chaotic environments, the HUAWEI FreeClip 2 utilises a three-mic system combined with multi-channel DNN (Deep Neural Network) noise cancellation algorithms. This system intelligently identifies and filters out ambient noise. Thanks to the NPU AI processor, the earbuds automatically enhance voice clarity, ensuring your conversations remain crisp regardless of your surroundings.
Battery life and charging
With the charging case, the HUAWEI FreeClip 2 offers a total battery life of 38 hours, allowing users to enjoy music throughout a full week of commuting on a single charge. On their own, the earbuds last for 9 hours—enough for a full workday of uninterrupted calls. For those in a rush, just 10 minutes of fast charging in the case provides up to 3 hours of playback. For added convenience, they support wireless charging and are compatible with watch chargers.
Rated IP57, the earbuds are resistant to sweat and water. They can easily withstand intense workouts or even a downpour.
Connectivity
The earbuds support dual connections and seamless auto-switching across iOS, Android, and Windows. When connected to EMUI devices, you can even switch audio between more than two devices. Additionally, when connected to a PC, the earbuds allow you to answer an incoming call without disconnecting from or interrupting your conference setup.
It is, quite simply, a pair of earphones reliable enough for the gym, the office, and the commute.
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