Saudi Arabia’s General Entertainment Authority (GEA) has launched a digital platform through the Saudi Business Center to streamline key entertainment services, boosting business activity and investment. The initiative supports the Kingdom’s entertainment sector, part of Vision 2030, which saw a 130% rise in visitor numbers and increased licensing activity in 2024.
Arab Financial Services (AFS) and Samsung Gulf Electronics have launched Samsung Pay in Oman, marking a key step in the country’s digital transformation. This partnership combines AFS’s expertise in digital payments with Samsung’s technology, offering Omani consumers secure, convenient contactless payments and supporting Oman’s financial ecosystem and regulatory goals.
Qatar’s esports industry is set for significant growth, with projected revenue reaching $125.70 million in 2024 and expected to rise to $152.90 million by 2027. The Qatar Esports Federation (QESF) is driving this expansion through strategic investments, government support, and a robust gaming ecosystem, positioning Qatar as a regional esports hub.
ICAEW and UAE Banks Federation have partnered to guide companies through the UAE’s evolving digital assets landscape, with a focus on Central Bank Digital Currencies (CBDCs). The collaboration emphasizes the UAE’s leadership in financial innovation, the importance of cybersecurity, and the need for standardized accounting practices to ensure secure, compliant digital integration.
EFG Hermes ONE, the flagship trading app from EFG Hermes, has launched its revamped platform with a new brand identity and advanced features. The app offers a user-friendly experience, pioneering e-KYC digital onboarding, diverse trading options, and comprehensive portfolio management tools. It aims to make investing accessible and seamless for users in Egypt, Kuwait, and the UAE.
Batelco has partnered with Brave Combat Federation to make premium martial arts content more accessible and affordable. This partnership integrates Brave TV subscriptions with Batelco services, allowing customers to subscribe to Brave CF’s premium content at a reduced rate and enjoy top-tier martial arts action.
Egypt will launch a digital platform to engage diaspora academics in national higher education and research strategies. The JESOR-D Initiative will facilitate collaboration with experts abroad, addressing local development challenges and promoting sustainable growth. This platform aims to turn brain drain into brain gain, enhancing Egypt’s academic and research capabilities.
Bahrain TV has launched the Middle East’s first broadcast IP playout system with Grass Valley and First Gulf Company. The upgrade includes a UHD news studio and advanced IP-capable systems, enhancing efficiency, scalability, and viewer experience. This positions Bahrain TV as a technological leader in the region.
Abu Dhabi Customs reported a 27% increase in digital transactions and a 28% rise in proactive automated transactions in the first half of 2024. Customs declarations grew by 2%, and clearance times dropped to 13.86 minutes. The organization scored 94% in customer satisfaction, reflecting significant progress in digital transformation and service efficiency.
STC Bahrain has launched its exclusive blockchain network, Intersect, on Avalanche, promoting digital transformation and Web3 innovation. The initiative includes a 30-day “Makeathon + Hackathon” event from August 12 to September 11, engaging developers and artists to showcase Intersect’s potential in revolutionizing various industries and enhancing digital services.
