The State Bank of Pakistan’s Q3 FY 2023-24 report shows digital transactions comprising 83% of total retail payments, with 844 million transactions worth PKR 128,470 billion processed by banks and EMIs. Mobile and internet banking saw significant growth, and Raast processed 140 million transactions worth PKR 3,437 billion, highlighting rapid digital adoption.
E-wallet usage in Jordan increased by 6%, reaching 2.17 million users, according to the Central Bank of Jordan. Eight payment companies and 19 banks facilitate digital transactions. E-wallets offer security and convenience, particularly popular among younger users, although some users find they spend more due to losing track of expenses.
UNESCO Kathmandu organized a consultation on AI in Education, uniting over eighty stakeholders to explore AI’s transformative potential in Nepal’s education system. Discussions focused on integrating AI to enhance learning, promote inclusivity, and develop robust policies. This initiative aims to prepare students for a tech-driven future and improve educational outcomes.
Dr. Shai Misan is expanding SaluberMD to Bahrain, merging global expertise with local talent to advance AI-driven healthcare. The new branch will provide top-tier AI training for local professionals, offer high-quality telemedicine services, and create high-tech jobs, positioning Bahrain as a leader in innovative healthcare solutions.
The Dubai Chamber of Digital Economy supported 215 digital startups worth $7 billion in H1 2024, achieving 212% YoY growth. They trained 243 Emiratis under the ‘Create Apps in Dubai’ initiative and organized 12 international roadshows. The chamber signed four MoUs to enhance Dubai’s digital business ecosystem and promote industry growth.
SLB and Aker BP have formed a long-term partnership to co-develop an AI-driven digital platform using the Delfi platform. This initiative aims to enhance Aker BP’s E&P operations by leveraging advanced AI and cloud technology, driving efficiency, production, and sustainability, and establishing a unified data environment for subsurface workflows.
Samsung Gulf Electronics has launched Samsung TV Plus in the UAE, a free ad-supported TV service available on 2022-2024 Samsung TV models. The platform offers diverse live channels and content, including news, sports, and entertainment, aiming to enhance customer experience with 24/7 access in both English and Arabic.
Arthur D. Little’s report highlights Bahrain’s potential in video games and renewable energy. The gaming sector is the second fastest-growing in the Gulf, while renewable energy investments are surging. Bahrain’s strategic position in cloud services, financial transparency, real estate, and manufacturing further enhances its investment appeal.
Sri Lanka has become the fastest adopter of digital payments in South Asia, with a 20% increase in digital transactions since 2019. Visa Corporation highlights significant growth, particularly in tap-and-pay transactions. Despite high consumer spending, there remains a need for education on cashless payments for merchants and consumers.
Mawhiba has partnered with UNESCO to enhance STEM education for 6th to 12th-grade students in Arab countries. The initiative focuses on empowering Arab girls and young women, training science teachers, and creating a global platform for science fairs, aiming to tackle global challenges and promote sustainable development.
