Artificial intelligence to add $182bln to UAE's economy by 2035

"The level of growth that AI stands to bring to the UAE's economy is unparalleled. The nation's leaders already understand the impact of this powerful technology, evidenced by the appointment of the first Minister of AI last year. While AI-led growth will be felt across a wide variety of industries, the financial services sector has the most to gain -- which isn't surprising, given that many of its jobs can be significantly augmented with AI and machine learning. In addition, Accenture reports have already shown that banking executives globally are taking action to transform their businesses through the use of AI," said Amr El Saadani, managing director of Accenture's Financial Services practice in the Middle East and Turkey. The report identifies five key strategies for policy makers to consider when looking to implement AI: growing the local talent pipeline using AI; advocating for a code of ethics for AI; becoming the global testbed for social AI; preparing the next generation of workers for the AI future; and minimising the impact of labour market dislocation.