UAE’s BLOOVO, Egypt’s CI Capital sign agreement on streamline recruitment using AI

This comes as BLOOVO pushes forward with efforts to expand across Egypt

  
Image used for illustrative purpose. Portrait of woman operating digital interface technology.

Image used for illustrative purpose. Portrait of woman operating digital interface technology.

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RIYADH: UAE-based BLOOVO announced the signing of a partnership agreement with Egypt’s investment banking company CI Capital Holdings to supply it with an artificial intelligence recruitment tool.

The technology company, a specialist provider of AI-powered recruitment solution, HYRDD will be supplying the AI-powered Applicant Tracking System.

This comes as BLOOVO pushes forward with efforts to expand across Egypt by using Artificial Intelligence and Machine Learning to transform the HR industry.

“This partnership comes at a time when Egypt’s digital transformation soars as more firms recognise the importance of AI in improving the way firms run their business processes,” CEO of BLOOVO, Ahmad Khamis, said.

CI Capital Holding, listed on the Egyptian Exchange, offers diversified financial services, including investment banking, leasing, and microfinance products and services.

The deployment of HYRRD will equip the investment bank’s hiring teams with tools and resources to streamline their recruitment process and eliminate inefficiencies.

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