The UAE is one of the leaders of the 5G revolution and is listed among the fastest countries to deploy the network.
Making the point, Mohammed Ibrahim Al Zarooni, Deputy Director of the Information and Digital Government Sector at the Telecommunications and Digital Government Regulatory Authority (TDRA), affirmed the importance of 5G networks in accelerating the deployment of tech solutions and establishment of smart cities that include smart transportation, self-driving vehicles, and crewless aircraft.
Using drones in cargo and mail shipment, and for remote surgery, and enabling AI solutions to analyse big data and developing smart services are crucial in this journey, he added.
It also paves the way for UAE's digital transformation in the next two years.
Meanwhile, digitisation of over 6,000 government services and setting up solid e-commerce infrastructure across all sectors enabled a smooth transition to remote working and distance learning, especially at a time when the country was tackling the challenges put forth by the pandemic.
The Dubai Gold and Commodities Exchange (DGCX) is set to launch a new same-day gold trading contract on Monday, June 22, in a move aimed at making physical gold transactions faster and more efficient.
AD Ports Group has launched integrated logistics services connecting Khalifa Port with Umm Qasr Port in Iraq, reinforcing commitment to enhancing regional connectivity and supporting existing trade corridors.
Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.
In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".