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Prominent Cyprus-US Businessman Dinos Iordanou Passes Away

Constantine (Dinos) P. Iordanou, a prominent Cyprus-US businessman, passed away suddenly on June 16 at the age of 71. Iordanou was a respected figure in both the Cypriot and American business communities. He served as an independent non-executive member of the Board of Directors of the Bank of Cyprus and chaired its Audit Committee. His illustrious career in the United States included senior positions at major insurance firms such as AIG, Berkshire Hathaway, and Zurich Financial Services. He was the chairman and CEO of Arch Capital Group until his retirement in 2019.

Iordanou’s career was marked by significant achievements and contributions to the insurance and finance industries. At Arch Capital Group, he played a crucial role in the company’s growth and success, establishing it as a leading global insurance and reinsurance provider. His leadership and strategic vision were instrumental in driving innovation and profitability.

In addition to his corporate roles, Iordanou was actively involved in philanthropic efforts and community development. Recently, he was engaged in the development of a new stadium for APOEL, a prominent football club in Cyprus, reflecting his commitment to supporting local initiatives and sports infrastructure.

Iordanou’s passing is a significant loss to the business world and the communities he served. His legacy is characterized by his dedication, leadership, and the positive impact he had on the organizations and people he worked with. He leaves behind a lasting influence on the insurance industry and a strong example of cross-continental business success.

Abu Dhabi Unveils Dh13-Billion Plan To Lead as the World’s First Fully AI-native Government by 2027

Abu Dhabi is setting ambitious goals for the future, announcing a Dh13-billion strategy that aims to make its government operations entirely powered by artificial intelligence (AI) by 2027. With this move, the emirate aspires to become the world’s first fully “AI-native” government, with automated processes and complete adoption of cloud computing technologies.

The Abu Dhabi Government Digital Strategy 2025-2027, led by the Department of Government Enablement – Abu Dhabi (DGE), is a transformative initiative to enhance public service delivery, optimize government functions, and drive sustainable economic growth. Along with technological advances, the strategy will create over 5,000 jobs, boosting the local economy and contributing more than Dh24 billion to Abu Dhabi’s GDP.

The core objective of this initiative is to embed AI, cloud technologies, and data-driven insights into the very DNA of the government. “By incorporating these cutting-edge technologies, we will optimize our operations, improve public services, and ultimately support sustainable economic growth,” said Ahmed Hisham Al Kuttab, Chairman of DGE.

Key aspects of the strategy include the establishment of a unified digital enterprise resource planning (ERP) platform, which will improve government efficiency and streamline processes. As part of the “AI for All” program, the initiative will also focus on empowering citizens by training them in AI applications, ensuring a highly skilled workforce ready to meet the demands of a rapidly evolving technological landscape.

Moreover, the government is committed to implementing over 200 AI-driven solutions across various public services, ensuring that these innovations reach all facets of governmental operations. Alongside the technological advancements, comprehensive cybersecurity measures will be introduced, with new digital guidelines aimed at maintaining the highest standards of security.

This move is not only a strategic shift towards a fully digital government but also a bold step towards positioning Abu Dhabi as a global leader in the adoption of artificial intelligence and advanced technologies in the public sector.

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