New Abu Dhabi R&D centre; G42's Bayanat.AI to IPO this month

Middle East AI News digest...

Good morning!

Here’s your weekly roundup of Middle East AI News!

It's another short one, due to work pressures, but I have some big Abu Dhabi news stories to share nevertheless!

• Geospatial intelligence company Bayanat's is to IPO on the Abu Dhabi Securities Exchange this month;

• another new R&D centre is being established in the UAE capital;

• Abu Dhabi's long awaited drone delivery trial may be about to start; and

• the UAE reportedly invests in Israeli anti-drone systems.

ADIA's new R&D centre really is big news. The Technology Innovation Institute (TII), set up by the government in 2020, now employs 500 people. So, the new 'ADIA Lab' could well add hundreds more people to the capital's R&D talent pool.

When you add together the resources of academic research facilities, specialised R&D labs owned by various organisations together with TII and ADIA Lab, it's shaping up to become quite a significant ecosystem. And I'm sure that there is more to come!

Have a great day!

/Carrington

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R&D

ADIA to set up R&D centre

#UAE #R&D - Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) has announced a new R&D centre for basic and applied research in data and computational sciences. The investment underscores Abu Dhabi's commitment to establish itself as a global research and development hub and the new ADIA Lab could help significantly bolster the pool of R&D talent in the emirate. (Linkedin)

IPO

Abu Dhabi G42-owned Bayanat seeks to raise $171 mln from IPO

#UAE #ADX - Bayanat.AI PLC, part Abu Dhabi-based AI and #cloud computing group G42 (Group 42) and a public limited company incorporated in the Abu Dhabi Global Market (ADGM), has announced its intention to IPO, offering about 22% of its shares for public subscription on Abu Dhabi Securities Exchange (ADX) on Monday 31 October 2022. (Al Arabiya)

Drones

Abu Dhabi to trial drone delivery programme

#UAE #dronedelivery - A drone delivery trial will start soon in Abu Dhabi, run by by Maqta Gateway, the digital arm of AD Ports Group, Emirates Post and SkyGo, an aerial logistics provider. The drones will work drop off medical supplies, fresh food and documents to specified Emirates Post sites. (The National)

Defence

US military eyes counter-drone experimentation in Saudi Arabia

#Saudi #antidrone - The US Central Command (CENTCOM) has recently been discussing a proposal to set up a 'Red Sands Integrated Experimentation Center' in Saudi Arabia to experiment with new and existing counter-drone technologies. (Al Monitor)

First Israeli Barak air defense system deploys to UAE, bigger deals expected: sources

#Israel #UAE #antidrone - A version of the Israeli-made Barak air defense system has been deployed to the United Arab Emirates to combat potential missile and drone attacks, according to Breaking Defense. (Breaking Defense)

First published via Revue.