National Bank of Kuwait (NBK) has introduced a new online payment confirmation service via its Mobile Banking App, eliminating the need for OTPs. Named NBK Secure Shopping, this service enhances the security and convenience of online transactions for cardholders, reinforcing NBK’s commitment to digital innovation and customer service.
KBW Ventures, founded by Saudi Prince Khaled bin Alwaleed, has invested in NoorNation, an Egyptian climatetech startup. NoorNation, which offers decentralized energy and water solutions, was recognized at the PepsiCo Greenhouse Accelerator Programme. This marks KBW’s first investment in Egypt, highlighting a commitment to sustainable technology in emerging markets.
Bahrain is gearing up for the second Fintech Forward event on October 2-3, focusing on key fintech topics like AI, blockchain, and cybercrime. Supported by Bahrain EDB and CBB, the event will highlight Bahrain’s role as a leading fintech hub in MENA, promoting innovation and strategic partnerships.
NTXT has expanded its partnership with Google Cloud to launch Sovereign Controls by CNTXT in Saudi Arabia. This cybersecurity solution helps local organizations meet stringent data sovereignty and security requirements, featuring an External Key Management service that enhances control and security for sensitive data migrated to the cloud.
Mubadala Investment Company has invested in Yondr Group, enhancing its global digital infrastructure portfolio. This partnership will support Yondr’s growth in hyperscale data centers, driven by increasing demands from AI, 5G, and IoT technologies. Yondr aims for net-zero emissions by 2030 through sustainable practices.
NADEC has successfully implemented SAP Signavio, aligning with Saudi Arabia’s Vision 2030 to enhance service efficiency and expand into new markets. The initiative has transformed 51 business processes, resulting in significant improvements in operational efficiency and customer service, supporting NADEC’s strategic expansion and food security goals.
BNET has launched the BNET E-Sourcing platform, a digital tool for supply chain management, in partnership with SAP and SEIDOR. This platform enhances procurement efficiency, streamlines supplier relations, and supports BNET’s operational goals with comprehensive training and resources for stakeholders.
Vox Solutions has partnered with Libyan mobile operator Almadar Aljadid to combat A2P SMS and flash call fraud. The exclusive agreement will see Vox manage international A2P SMS and voice traffic through its Vox-360 platform, which aims to mitigate fraud, protect against messaging bypass, and ensure high security and quality for Almadar’s network.
Industry experts are urging Sri Lanka to strengthen its digital presence to boost its tourism sector. Despite past crises, the country is well-positioned to capitalize on Asia’s growing hospitality market. Emphasizing coordinated efforts between authorities and private brands, stakeholders highlight the importance of enhancing digital tourism to attract more travelers and increase revenue.
The Competition Commission of Pakistan (CCP) is conducting a Phase II review of the proposed merger between PTCL and Telenor Pakistan. The review focuses on potential benefits, such as improved network coverage and service quality, while addressing concerns about reduced competition and capacity asymmetry in Pakistan’s telecom market.
