October 25, 2024
MoBagel participated in GITEX Global 2024, the world’s largest IT exhibition held in Dubai, where AI was the focal point of this year’s event. The exhibition drew over 6,500 tech companies and more than 200,000 attendees from over 180 countries, highlighting the growing global interest in AI-driven solutions.
MoBagel’s AI Financial Platform Impresses UAE Ministers
As a key hub connecting the Middle East, Africa, and Asia, the UAE has a strong demand for “Sovereign AI,” with a potential market valued at tens of billions of dollars. The commercial AI applications in financial services and business management are among the most crucial areas of growth.
Recognizing this opportunity, MoBagel selected Dubai as the next major market for its global expansion. At GITEX, MoBagel showcased its latest financial analysis AI platform, “Design AI,” along with its AI financial assistant, “Hyper-Agent” (see Figure 1). This platform helps businesses establish more than 500 financial risk management indicators across six key areas: sales management, procurement management, inventory management, working capital management, expense management, and information security. Additionally, the AI financial assistant provides real-time access to visual reports, monitors for anomalies, and alerts users to potential risks.
The presentation attracted significant attention from two UAE ministers—the Minister of AI and Minister of State for Entrepreneurship and SMEs (see Figure 2). Both ministers invited MoBagel to VIP meetings to explore collaborative opportunities for expanding AI development across the Middle East.
Figure 1: MoBagel showcasing its latest Financial Analysis AI platform, “Design AI,” at GITEX Global 2024, demonstrating cutting-edge solutions for financial risk management and AI-driven insights.
Figure 2: MoBagel CEO Adms Chung with H.E. Alia Abdulla Al Mazrouei, UAE Minister of State for Entrepreneurship and SMEs, at GITEX Global 2024.
Leveraging Middle Eastern Experience to Create a Global Future
The exhibition also featured the “Expand North Star” zone, designed to bring together startups and investors. The event attracted global investment firms, with a focus on the Middle East and Africa. Investors highlighted the AI industry’s current explosive growth, noting that in addition to funding, startups often require support in market entry and industry integration.
MoBagel was also approached by several investment firms from the Middle East and Africa, with discussions underway to sign Memorandums of Understanding (MOUs) to collaborate on expanding AI’s vast commercial potential in these regions.
