The first phase of CBUAE’s CBDC strategy is expected to complete over the next 12 to 15 months and comprises three major pillars
The alliance is expected to help organisations achieve meaningful business outcomes while leveraging cross-functional capabilities
The two companies will work together across various areas including private cloud solutions, as well as consulting, residency and managed services
PwC estimates, the Middle East is expected to accrue 2 per cent of total global benefits of AI in 2030 – equivalent to $320bn
The agreement will allow for automation of governance, risk management and compliance tasks, helping the government and private entities to become more secure
The platform, which allows real-time payments and fund transfers round the clock, will support SMEs, larger companies and financial institutions