Saudi Arabia’s e-commerce sector is experiencing rapid growth, driven by government support and digital innovation. The sector is projected to reach €12.222 billion by 2023, with significant contributions from SMEs. This expansion aligns with the country’s broader economic transformation goals, positioning Saudi businesses as key players in the global digital marketplace.
The Competition Commission of Pakistan (CCP) successfully recovered a Rs5 million penalty from Wateen Telecom after a prolonged legal battle. The penalty stemmed from an exclusive agreement between Wateen Telecom and DHA Lahore, which violated the Competition Act, 2010. The recovery was made under the CCP’s authority to enforce penalties on non-compliant entities.
Dubai AI Campus and Google Cloud have partnered to boost the growth of startups within the Dubai AI Campus. The collaboration will provide mentorship, resources, and access to Google Cloud’s AI innovations, supporting Dubai’s vision to become a global tech hub. This partnership aims to accelerate AI-driven innovation and entrepreneurship in the region.
The Global AI Summit 2024 in Riyadh will bring together over 300 global AI leaders to explore advancements in AI, including Generative AI, AI in urban life, and ethical governance. Hosted by SDAIA, the summit will feature high-profile discussions, international collaborations, and agreements aimed at advancing global AI innovation and responsible AI practices.
Saudi Arabia has launched the Digital Future Readiness Program, aiming to train 7,000 residents in generative AI. Led by the Ministry of Communications and Information Technology and Noon Education, the initiative seeks to strengthen the nation’s AI talent pool, supporting Saudi Arabia’s goal of becoming a global leader in AI innovation and education.
Riyadh Air, Saudi Arabia’s new airline, has partnered with noon Payments to offer secure and efficient digital payment solutions. This collaboration enhances the travel experience by providing multiple payment options and industry-leading features, reflecting Riyadh Air’s commitment to innovation and supporting Saudi Arabia’s broader economic and technological goals.
The UAE’s new Jaywan payment platform, backed by Al Etihad Payments, is set for a full rollout in Q4-2024, offering lower-cost debit and prepaid card options. Supported by banks, e& UAE, and du, Jaywan aims to provide significant savings and tailored rewards for UAE consumers, enhancing both online and in-store payment experiences.
Vodafone Qatar has launched the world’s first digital “Instant SIM,” allowing customers to easily purchase and activate SIM cards without visiting a store or using data. Available in both physical and eSIM formats, the Instant SIM supports prepaid and postpaid lines and can be obtained from over 2,600 locations across Qatar.
The government has approved Ncell’s request to pay its license renewal fee in four annual installments of Rs5 billion each, with interest applied to the second, third, and fourth installments. This decision comes despite legal concerns raised by the Office of the Attorney General, which advised against the installment option.
e& enterprise, the enterprise arm of UAE’s e& group, has acquired Turkey’s GlassHouse Bilgi Sistemleri for $60 million. The acquisition strengthens e&’s service portfolio, particularly in data backup, business continuity, and SAP infrastructure. GlassHouse’s financials will be consolidated into e&’s from September 1, with minimal impact on overall figures.
