An AI Centre has been launched at the Dubai Multi Commodities Centre, the free zone focused on commodities and trade.
Announced in May, DMCC's AI Centre officially opened its doors at an event in Dubai’s Uptown Tower, the 79-floor high-rise developed by DMCC, where the AI Centre is also located.
According to DMCC, the AI Centre will provide access to capital and accelerator programmes, networking, education and training.
“We're not running an AI company, we're supporting an AI community,” said Ahmed bin Sulayem, executive chairman and chief executive of DMCC, at an inauguration ceremony for the AI Centre.
“This will create a multiplier effect on all of DMCC's entities,” he added.
Mr bin Sulayem said that DMCC hopes to attract the best AI companies and investors to create real-life, pragmatic AI use cases as AI adoption reaches a crescendo.
“Since AI is going to be part of your life and work, it's going to be important to keep the industry close by,” he explained.
Also in attendance at the AI Centre inauguration was Sachin Dev Duggal, chief executive of Builder.ai, an artificial intelligence-powered composable software platform, one of several partners of the centre.
“With this centre, we're helping to unveil a portal to global commerce,” he said, reflecting on why Builder.ai chose DMCC as an ecosystem partner.
“We didn't want to be a software company just surrounded by other software companies, we wanted to be surrounded by potential customers and peers,” Mr Duggal said, referring to DMCC's reach and partnerships with gold, diamond, tea, coffee, crypto and gaming entities, to name a few.
This is not DMCC’s first venture into technology-focused areas. Back in 2021, DMCC established Crypto Centre, a new space that to house companies developing crypto and blockchain technology.
The Crypto Centre was the result of a partnership with Switzerland’s CV Labs, the organisation behind the Swiss government-backed Crypto Valley.
It is part of the free zone’s own Crypto Valley – an ecosystem for cryptographic, blockchain and distributed ledger technology entities in the UAE.
Also in attendance at the inaugural event was Dubai Future Foundation chief executive Khalfan Belhoul, who spoke about the importance of continuing to harness the potential promise of artificial intelligence.
“How can you disregard this sector that is creating, potentially, $15 billion to the global economy by 2030?” he said.
“Fifty years ago, this was a desert behind us,” he added, pointing out the window of Uptown Tower to Dubai's skyline. “But we embraced new ideas and new economies, which is what we're doing with the AI Centre.”
Established in 2002, DMCC was created to bolster Dubai's aspirations to become a commodity trading and enterprise presence in the Middle East.
More than 24,000 companies are registered with it, says DMCC.
The specs
Engine: 6.2-litre V8
Power: 502hp at 7,600rpm
Torque: 637Nm at 5,150rpm
Transmission: 8-speed dual-clutch auto
Price: from Dh317,671
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Scores in brief:
Day 1
New Zealand (1st innings) 153 all out (66.3 overs) - Williamson 63, Nicholls 28, Yasir 3-54, Haris 2-11, Abbas 2-13, Hasan 2-38
Pakistan (1st innings) 59-2 (23 overs)
The specs: Macan Turbo
Engine: Dual synchronous electric motors
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Chef Nobu's advice for eating sushi
“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”
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Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
Killing of Qassem Suleimani
Asia Cup Qualifier
Venue: Kuala Lumpur
Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September
Fixtures:
Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore
Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman
Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal
Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore
Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong
Thu Sep 6: Final
Asia Cup
Venue: Dubai and Abu Dhabi
Schedule: Sep 15-28
Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier
Tips to stay safe during hot weather
- Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
- Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
- Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
- Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
- Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
- Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
- Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
The National selections
Al Ain
5pm: Bolereau
5.30pm: Rich And Famous
6pm: Duc De Faust
6.30pm: Al Thoura
7pm: AF Arrab
7.30pm: Al Jazi
8pm: Futoon
Jebel Ali
1.45pm: AF Kal Noor
2.15pm: Galaxy Road
2.45pm: Dark Thunder
3.15pm: Inverleigh
3.45pm: Bawaasil
4.15pm: Initial
4.45pm: Tafaakhor