Discover more from Middle East AI News
$7.9 billion in deals signed at WDS 2022; Insider closes $121m Series D
Here’s your weekly roundup of Middle East AI News!
Saudi Arabia's inaugural World Defense Show stole the headlines this week, with nearly $8 billion in defence deals and a number of new drones and drone production plans introduced during the event.
Among the products announced, was a new AI-enabled interceptor UAV from Monaco-headquartered defence technology firm MARSS. The UAV has been developed to counter hostile drone attacks in urban areas. At a cost of $30,000 to $40,000, the UAV comes at a fraction of the cost of the surface-to-air missiles that have been used by Saudi Arabia over the past year to shoot down Houthi drones.
Scroll down for more stories below.
Meanwhile, the Riyadh Global Summit for AI in Healthcare & Biotech took place virtually this week. You can still register to view videos of the presentations and discussions here.
Stay safe and have a great day!
#UAE #funding - Turkey-founded and Singapore-based AI-powered marketing platform Insider, has closed a $121 million Series D funding round led by Qatar Investment Authority, with participation from Sequoia, Riverwood Capital, 212, Wamda, Esas Private Equity, and Endeavor Catalyst. (Wamda)
#Norway #UAE #startups - Waste management technology company Cycled Technologies AS has been selected for PepsiCo’s UAE-based Greenhouse Accelerator, which is run in partnership with the UAE Ministry of Climate Change and Environment. (Al Arabiya)
#UAE #foodsecurity - Two students of Mohamed Bin Zayed University of Artificial Intelligence (MBZUAI) have developed an algorithm that could revolutionise the UAE’s agriculture industry while reducing food waste and enhancing food security. The AI model attempts to create a two-way conversation between farmers and supermarkets. (Khaleej Times)
#UAE #education - Mohamed Bin Zayed University of Artificial Intelligence has announced the second edition of its Executive Program, which will begin at the end of March. The programme aims to enhance the capacity of executives AI capacity. (Zawya)
#Egypt #Saudi #DX - Egypt’s National Telecom Regulatory Authority has signed an MoU for digital transformation with the Saudi Communications and Information Technology Commission. The MoU serves to work on cooperation and exchange of experiences in the field of smart cities, frequency spectrum management and human capacity building. (Arab News)
#UAE #smartsecurity - Dubai Police Force’s lost and found smart system has returned more than 80,000 lost items to owners at home and abroad. Developed by the force's General Department of AI, the system is integrated with government, public and private entities across the emirate. (Gulf News)
World Defence Show
#Saudi #FDI - Lockheed Martin will invest more than $1 billion in manufacturing in Saudi Arabia, a senior executive said on Tuesday, as the kingdom looks to use its clout as a major arms buyer to help diversify its economy away from oil. (Reuters)
#Saudi #UAVs - Leading Saudi technology and infrastructure group Advanced Communications & Electronics Systems Company (ACES) announced an agreement with China's biggest defence electronics conglomerate, state-owned CETC (China Electronics Technology Group Corporation). (Defense World)
#Saudi #WDS2022 - The Ministry of Investment of Saudi Arabia (MISA) signed 12 MoUs with a range of defence industry leaders from around the world at this week's World Defense Show (6-9 March) in Riyadh. (The National)
#Saudi #UAVs - Saudi Arabian UAS company INTRA Defense Technologies has unveiled the design of its new Samoom medium-altitude, long-endurance UAV, displaying a half-scale model at this week's World Defense Show. (Flight Global)
#Saudi #WDS2022 #USVs - French group CMN NAVAL has unveiled the fastest autonomous interceptor in the world, the UHSI32, at the World Defense Show. The autonomous abilities and features have been developed by CMN in cooperation with Sea Machines Robotics. (Sea News)
#Oman #forestry - Oman's Environment Authority (EA) has carried out a project to sow 250,000 wild tree seeds using drones in Al Amerat, in the capital area of Muscat. The EA launched an initiative in January 2020 to plant 10 million wild trees over a ten year period. (Muscat Daily)