Telr has expanded its services into Jordan and Bahrain, enhancing the MENA region’s e-commerce sector. This move enables businesses to accept online payments and manage transactions efficiently, supporting local enterprises in reaching both local and global markets while contributing to economic growth and digital transformation.
Qatar Central Bank (QCB) has launched the FAWRAN instant payment service through the national e-Commerce Gateway (QPay). This service enables merchants to accept payments without requiring bank cards, offering multiple payment options for customers while adhering to high security standards for local transactions.
Liferay has partnered with PwC Middle East to enhance digital experiences for businesses in the region. This collaboration combines Liferay’s DXP technology with PwC’s expertise in digital strategy and delivery, aiming to provide comprehensive digital services that drive customer engagement and growth across various sectors.
SLT-Mobitel is set to host Sri Lanka’s first-ever TM Forum event, TelcoNEXT, on October 29, 2024. The gathering will bring together telecom leaders and experts to discuss digital innovation, challenges, and strategies for growth. The event aims to strengthen collaboration within the industry and enhance Sri Lanka’s digital economy.
Tech Mahindra has launched a Centre of Excellence (CoE) powered by NVIDIA platforms to advance sovereign large language models (LLMs), agentic AI, and physical AI. The CoE will support customized AI applications and has introduced Project Indus 2.0, focusing on enhancing Hindi and regional dialect conversations.
Edge has signed a Cooperation Agreement with Baykar at SAHA Expo 2024 to integrate Edge’s guided munitions with Baykar’s UAS platforms. This partnership aims to enhance defense capabilities and market presence, ensuring swift responses to market demands while strengthening supply chain security for both companies.
The RAK Digital Assets Oasis (RAK DAO) Conference 2024 highlighted the importance of technological innovation in establishing Ras Al Khaimah as a global blockchain hub. The event unveiled the DAO Association Regime (DARe) to support decentralized organizations and featured discussions on the future of digital assets and regulatory frameworks.
Edarat Communication and Information Technology Company has secured a SAR8.62 million ($2.3 million) contract with NEOM for cloud services, including IaaS and PaaS. This contract extends an existing agreement and is expected to impact the company’s financial statements in Q4 2024.
Ooredoo Kuwait announces an 8% revenue growth to KD527 million and a 5% customer base increase for the first nine months of 2024. Despite a drop in net profit due to a previous regulatory case, the company continues to see profitability improvements and advancements in digital transformation.
SandboxAQ plans to leverage large quantitative AI models (LQMs) to enhance the UAE’s economic capabilities in sectors like biotechnology, finance, and energy. The company emphasizes the potential for LQMs to create intellectual property, improve patient outcomes, and support the UAE’s digital transformation goals.
