Benjamin Hashim Haas

Yesterday, an entrepreneur told me something simple but devastating: “We didn't fail because it was a bad product. We had to shut down because we weren't paid on time.” And the numbers back him up. In the UAE, 58% of B2B invoice value is overdue - and SMEs, already operating on the thinnest margins, feel it most. Cash flow dries up. Energy shifts from building to chasing. Growth stalls before it even begins. This isn’t just an inconvenience. It’s a systemic drag on innovation, jobs, and national competitiveness. In the UK, where SMEs face a similar challenge, policymakers have just unveiled the toughest crackdown on late payments in 25 years: - Maximum payment terms of 60 days, reducing to 45 - Audit committees legally required to scrutinize payment practices - Fines worth millions for repeat late-payers - Mandatory interest charges on late payments Why? Because late payments cost the UK economy £11 billion a year and shut down 38 businesses every day. Now imagine the scale of impact in the UAE, where SMEs make up 94% of businesses and over half of non-oil GDP. Yes - invoice factoring, AI-powered receivables, and fintech solutions can help. But at its heart, this is about fairness and trust. When an SME delivers on time, they deserve to be paid on time. It’s time for us to follow suit: - Embed transparency into payment practices - Hold large firms and public entities accountable - Build a culture where “on-time payment” is as sacred as “on-time delivery” Because the real test of how much we value small businesses isn’t in speeches or strategies. It’s in whether we pay them what we owe, when we owe it. #UAE #SME #Payments

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🌐 From Capital to Catalyst: MGX Powers the AI Investment Future Under UAE Vision 🇦🇪🚀🤖 Under the wise leadership of H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Abu Dhabi is not just embracing the future — it’s building it. At the latest MGX Board Meeting, bold decisions were made to solidify the UAE’s position at the helm of the global AI investment wave 🌍📊. 💥 Strategic Moves: 💸 OpenAI: Backed at $300B valuation, driving exponential AI utility growth. 🔧 Altera: $8.7B deal (51% acquisition with Silver Lake) — now the world’s largest independent FPGA company. 📈 Databricks: Co-led the $1B Series K round to fuel advanced data + AI applications. 📈 Economic Impact: Local & Global Insights 🌍 Global AI Investment Landscape: 🌐 AI market value to exceed $1.8 trillion by 2030 (PwC). 💰 Over $100 billion invested in 2023 alone in AI and adjacent sectors (Statista). ⚡ AI expected to contribute $15.7 trillion to global GDP by 2030 (PwC). 📊 Generative AI alone may add $4.4 trillion annually to the world economy (McKinsey). 🇦🇪 UAE Economic Footprint: 🧠 UAE ranks in the Top 10 globally in AI readiness. 🇦🇪 AI projected to contribute $96 billion+ to UAE’s GDP by 2030. 🏗️ Abu Dhabi's AI & Advanced Tech investments now span semiconductors, robotics, life sciences, and beyond — with MGX as a keystone player. 💡 MGX’s Investment Philosophy: MGX, founded in 2024 under the Artificial Intelligence and Advanced Technology Council, is committed to: ✅ Building sovereign AI capabilities ✅ Scaling tech champions globally ✅ Enabling inclusive and sustainable digital economies As stated by Ahmed Yahia, MGX CEO: "We’re not just backing companies — we’re backing a future where AI boosts productivity, empowers industries, and unlocks global prosperity." 🌱📊🌐 Abu Dhabi is building — not just with capital, but with conviction, clarity, and global collaboration. Let’s invest where innovation meets impact. 💼📈🌏 🔗 Explore More: Here are a few strategic portals for those shaping the future: MGX: https://www.mgx.ae MBZUAI: https://mbzuai.ac.ae UAE AI Strategy: https://ai.gov.ae OpenAI: https://www.openai.com Databricks: https://www.databricks.com #MGX #AILeadership #UAEVision2031 #SheikhTahnoon #EconomicImpact

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🚀 The AI Revolution: Where MENA Stands and What’s Next for the World The global AI market is projected to reach $1.8 trillion by 2030, transforming industries at an unprecedented pace. But where does the MENA region stand in this revolution, and what can we expect in the coming years? 🔍 AI in MENA: Accelerating Growth The Middle East and North Africa are rapidly embracing AI, with governments and businesses investing heavily: The UAE’s National AI Strategy 2031 aims to make it a global leader in AI governance and adoption. Saudi Arabia’s NEOM and The Line are integrating AI into smart city infrastructure. Egypt and Morocco are emerging as key hubs for AI talent and startups. According to PwC, AI could contribute $320 billion to the MENA economy by 2030, with the UAE and KSA leading the charge. 🌍 Global AI Trends Shaping the Future Generative AI Boom – Tools like ChatGPT and Midjourney are redefining creativity and productivity. AI in Healthcare – Predictive diagnostics and personalized medicine are saving lives. Ethical AI & Regulation – The EU’s AI Act and global debates on bias, privacy, and job displacement are critical. AI-Driven Sustainability – Optimising energy, agriculture, and smart cities to combat climate change. 💡 What’s Next? The next decade will be defined by: ✔ Hyper-automation across industries ✔ AI-first policymaking in governments ✔ MENA as a key player in AI innovation #ArtificialIntelligence #MENA #FutureOfWork #Innovation #DigitalTransformation #AI

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