Economy

Tuwaiq Art Sculpture 202q Unveiled To DEWA Launching Services On ChatGPT; 5 GCC Updates For You

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If you find keeping up with the updates from the GCC region a tedious task, then you are probably not alone. The Gulf Cooperation Council countries are a hotbed of innovation, development, and cultural initiatives, making it challenging to keep pace with all the exciting news. But worry not, we’ve curated the top 5 essential updates you need to know from across the GCC!

1. Tuwaiq Art Sculpture 2026 Unveiled: A Vision for Public Art

Saudi Arabia continues its monumental transformation with the highly anticipated unveiling of the Tuwaiq Art Sculpture 2026. This ambitious project, part of the Riyadh Art program, aims to turn the capital into an open-air art gallery, fostering cultural exchange and enriching the urban landscape. The 2026 edition promises to be even grander, featuring works from leading international and local artists, further cementing Riyadh’s position as a global cultural hub. Get ready for breathtaking installations that blend heritage with modernity!

2. DEWA Launches Services on ChatGPT: AI-Powered Customer Experience

In a groundbreaking move, the Dubai Electricity and Water Authority (DEWA) has announced the integration of its services with ChatGPT. This pioneering initiative marks a significant leap in customer service, allowing residents to access information, make inquiries, and receive support through an AI-powered conversational interface. DEWA’s commitment to leveraging cutting-edge technology like generative AI ensures a more efficient, accessible, and user-friendly experience for all its customers, setting a new benchmark for public utilities globally.

3. UAE Green Visa Expansion: Attracting Global Talent and Investment

The UAE continues to enhance its residency schemes, with further expansions to its ‘Green Visa’ program. This initiative is designed to attract skilled professionals, entrepreneurs, and investors by offering extended self-sponsored residency options. The move aims to boost the nation’s talent pool, drive economic diversification, and reinforce the UAE’s position as a preferred destination for living and working in the region. Expect more clarity on new categories and relaxed requirements in the coming months.

4. Qatar’s Non-Oil Sector Sees Robust Growth: Economic Diversification Pays Off

Qatar’s efforts towards economic diversification are yielding impressive results, with its non-oil sector demonstrating robust growth. Recent reports indicate significant expansion in key sectors such as tourism, manufacturing, and financial services. This growth is largely driven by strategic investments in infrastructure, successful international events, and supportive government policies aimed at reducing reliance on hydrocarbon revenues. It’s a clear sign of a resilient and forward-looking economy.

5. Bahrain Launches New FinTech Sandbox Cohort: Fostering Innovation

Bahrain’s Central Bank has announced the latest cohort for its Regulatory Sandbox, attracting a new wave of FinTech startups. This initiative provides a controlled environment for innovative financial technology companies to test their products and services under relaxed regulatory conditions. By fostering a vibrant FinTech ecosystem, Bahrain aims to become a leading hub for financial innovation in the Middle East, drawing in international investment and creating high-value jobs.

Stay tuned for more updates as the GCC region continues its dynamic journey of growth and transformation!

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