Latest news with #AIforGoodSummit2025
Daily Tribune
2 days ago
- Business
- Daily Tribune
DCO Launches New Tool to Promote Ethical Use of AI
The Digital Cooperation Organization (DCO) has launched a new policy tool called the DCO AI Ethics Evaluator, designed to help governments, companies, and developers use artificial intelligence (AI) in a more ethical and responsible way. The launch took place during the AI for Good Summit 2025 and WSIS+20 in Geneva, with representatives from across the globe attending. The DCO, which includes 16 member countries, says the tool will help identify and manage risks in AI systems—especially those related to human rights, privacy, fairness, and transparency. The tool offers users a visual report with practical suggestions and is based on a self-assessment across six key risk areas. Speaking at the launch, Omar Saud Al-Omar, Kuwait's Minister of State for Communication Affairs and current Chair of the DCO Council, said the tool would guide developers and users in making AI technologies safer and more aligned with ethical standards. He called it 'a real step forward' in turning DCO's ethical principles into action. Deemah AlYahya, Secretary-General of the DCO, stressed that ethical AI is essential: 'AI without ethics isn't progress—it's a danger to our dignity and trust. This tool isn't just for governments; it's for everyone involved in building the digital world.' She added that the Evaluator tackles major concerns such as algorithmic bias, data misuse, and accountability gaps, giving developers and regulators a way to make sure their AI systems are fair and responsible. Alaa Abdulaal, DCO's Chief of Digital Economy Intelligence, described the tool as a 'compass' that helps countries and tech teams stay focused on human-centered AI development. The launch event brought together ministers, tech leaders, and global experts, many of whom praised the initiative and expressed interest in using the tool in their own countries. The DCO hopes this new tool will encourage greater international cooperation to ensure AI serves people first—helping societies grow in a fair, inclusive, and sustainable way.
TECHx
5 days ago
- Business
- TECHx
UAE Ministry of Finance Wins AI Impact Award in Geneva
Home » Emerging technologies » Artificial Intelligence » UAE Ministry of Finance Wins AI Impact Award in Geneva The UAE Ministry of Finance has won the Innovating for Impact Award at the AI for Good Summit 2025. The award was given in the category of AI applications in the financial sector. The event took place at the Geneva International Conference Centre (CICG). It was organised by the International Telecommunication Union (ITU) in collaboration with several United Nations agencies. The Ministry was recognised for its efforts in applying artificial intelligence across various financial functions. These include fraud detection, risk assessment, algorithmic trading, and customer service. Officials stated that these initiatives have improved system efficiency and supported sustainable development goals. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, announced that the award reflects the UAE's progress in integrating AI into government operations. He added that these efforts have helped boost efficiency and global competitiveness in the financial sector. Al Hussaini revealed that the Ministry follows an institutional innovation approach. It focuses on digital transformation and operates on a flexible technical infrastructure. This supports risk management, operational efficiency, and transparency in public financial resources. He emphasized that the recognition will encourage teams to continue building a data-driven, balanced financial system aligned with the UAE's 50-year vision. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, said the award affirms the UAE's leadership in artificial intelligence. He highlighted innovation as a key to driving efficiency and transparency in government financial management. He added that the Ministry has launched initiatives powered by predictive analytics. These include a smart budget management system that monitors economic indicators in real time. Key highlights: UAE honoured for AI use in finance at UN's AI for Good Summit Recognised for AI-based fraud detection, trading, and budgeting Ministry aims to promote innovation and international partnerships The AI for Good Summit is the official UN platform for AI. It is organised by the ITU with support from 47 UN agencies and the Swiss Government. The summit explores AI's global impact and supports knowledge exchange to address development challenges.
Al Etihad
5 days ago
- Business
- Al Etihad
Ministry of Finance wins global award for AI innovation in financial sector
11 July 2025 13:16 GENEVA (WAM) The Ministry of Finance has clinched the Innovating for Impact Awards in the category of AI applications in the financial sector at the AI for Good Summit 2025, held at the Geneva International Conference Centre (CICG).The event was organised by the International Telecommunication Union (ITU) in partnership with several United Nations agencies. The award was presented in recognition of the Ministry's leadership in leveraging AI across a wide range of financial functions, including fraud detection, risk assessment, algorithmic trading, and customer efforts have significantly improved the efficiency of financial systems while supporting the nation's broader sustainable development bin Hadi Al Hussaini, Minister of State for Financial Affairs, said that winning the award demonstrates how the UAE leadership has successfully integrated advanced technologies, particularly artificial intelligence, into the fabric of government operations to strengthen efficiency and global competitiveness in the financial sector.'The Ministry has adopted an institutional approach that focuses on promoting innovation and fuelling sustainable digital transformation,' Al Hussaini said. 'We have invested in a flexible and integrated technical infrastructure that can adapt to evolving challenges and deliver added value in public financial resource management. This award is a testament to our success in embedding AI tools into our strategies for risk management, operational efficiency, and financial transparency.'He added that the recognition will further motivate the Ministry's teams to continue, with greater determination, the journey toward building a balanced, data-driven government financial system that supports the UAE's long-term vision for the next 50 years.'We look forward to strengthening our partnerships with regional and international entities to exchange expertise and best practices, support sustainable development goals, and reinforce the UAE's position as a global model for smart governance,' the Minister his remarks while receiving the award, Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, said, 'This achievement reaffirms the UAE's commitment to strengthening its global leadership in artificial intelligence and deploying it to build a leading government financial system that drives sustainable development.'He added, 'We believe that innovation is the engine of effective government operations, and artificial intelligence is the key tool for achieving efficiency, transparency, and predictive capabilities in public financial management. The Ministry has invested in strengthening its technological capacities to effectively respond to shifting economic landscapes.'AlKhoori further added that the Ministry will spare no effort to institutionalise a culture of innovation by empowering national talent and fostering an environment conducive to creativity. This approach has led to the successful launch of several high-impact initiatives, demonstrably improving government financial performance. These include an AI-powered smart budget management system, which leverages predictive analytics to monitor economic and financial indicators in real concluded, 'We value this recognition as a global acknowledgment of the UAE's leadership in harnessing advanced technologies to support sustainable development. We are committed to working hand in hand with our local and international partners to exchange knowledge and drive measurable impact.'The AI for Good Global Summit is the United Nations' official platform for artificial intelligence, organised by the ITU in collaboration with 47 UN agencies and with the support of the Government of Switzerland. The summit aims to explore the potential of AI, identify transformative applications, develop skills and standards, and strengthen international partnerships to address global development challenges.
