Gulf News ·
According to Gulf News, geopolitical tensions between Iran and the US can create opportunities for UAE investors. Market dips caused by such tensions provide a chance to buy stocks at lower prices. The article suggests that investors should focus on fundamentally strong companies during these periods.
KAUST ·
KAUST's Stochastic Numerics Research Group is developing methods for pricing European options. Their approach, detailed in an upcoming Journal of Computational Finance article, focuses on systematically tuning parameters to achieve accuracy while minimizing computational effort. The goal is to enable automated computation of fair prices for options contracts, similar to how insurance companies determine premiums. Why it matters: This research advances computational finance in the region, potentially improving risk management and investment strategies.
KAUST ·
This article discusses conscious investing and its potential in the Middle East, particularly in light of unprecedented market conditions. It argues that investments should align with values and aim for positive global impact, moving beyond solely maximizing shareholder value. Conscious investing can be as profitable as traditional investing while addressing social and environmental challenges. Why it matters: The piece advocates for integrating ethical considerations into investment strategies within the region, which could lead to more sustainable and socially responsible economic development.
TII ·
Marcus Engsig from DERC will present a paper at the MATLAB User Group Meeting in Abu Dhabi on October 6. The paper, titled ‘Generalization of Higher Order Methods For Fast Iterative Matrix Inversion Compatible With GPU Acceleration’, discusses a novel approach to matrix inversion using GPUs. The method, named Nested Neumann, achieves 4-100x acceleration compared to standard MATLAB methods for large matrices. Why it matters: This research contributes to faster computation in numerical and physical modeling, crucial for processing large datasets in various scientific and engineering applications in the region.
KAUST ·
KAUST, VentureSouq, startAD, and Tamkeen have partnered to launch the first Conscious Investor Fellowship in the GCC. The six-week virtual program aims to enable regional investors to create sustainable change through high-impact investments. The fellowship will host 25 investors from family offices, corporations, and government entities. Why it matters: The program aims to empower mission-driven investors in the region and accelerate investment in technology-driven startups addressing societal, economic, and environmental challenges.
KAUST ·
KAUST held its 7th annual Career Fair, featuring preparation workshops and an alumni panel. The panel included engineers, innovators, and entrepreneurs from Saudi Aramco, SABIC, Taibah University, and Dow Chemical. Panelists emphasized pursuing passions, professional conduct, and demonstrating value to prospective employers. Why it matters: Such events help connect KAUST graduates with leading companies in Saudi Arabia, fostering local talent development and contributing to the Kingdom's knowledge economy.
Zawya ·
The UAE's Artificial Intelligence Office is partnering with Samsung Gulf Electronics to promote AI literacy among young Emiratis. The collaboration aims to equip the youth with essential AI skills through various educational initiatives and workshops. The initiative will focus on increasing awareness and understanding of AI technologies and their potential applications. Why it matters: This partnership highlights the UAE's commitment to fostering AI talent and driving technological innovation by empowering its youth with crucial skills for the future.
MBZUAI ·
Munther Dahleh from MIT gave a talk on information design under uncertainty, focusing on the challenges of creating an information marketplace. The talk addressed the externality faced by firms when information is allocated to competitors, and considered two models for this externality. The presentation included mechanisms for both models and highlighted the impact of competition on the revenue collected by the seller. Why it matters: The research advances understanding of information markets and mechanism design, relevant to the growing data economy in the GCC region.