Kuwaiti fintech startup Kem has secured a $3 million investment from Tether, raising its total funding to $4.5 million. Kem’s platform enables QR code-based P2P payments, simplifying transactions. Tether’s investment aims to promote the adoption of USD₮ and expand digital financial services in the region.
Zain has approved a 35 fils cash dividend for 2024, amounting to KD151.4 million ($492 million), reflecting a 73% payout ratio. The company also extended its minimum 35 fils dividend policy through 2028. Zain’s 2024 results showed a 3% YoY revenue increase and a 15-year high in growth.
Zain has signed a Memorandum of Understanding (MoU) with Kuwait University to promote the knowledge economy in Kuwait. This partnership will focus on enhancing innovation and digital skills among youth, supporting various initiatives aimed at fostering collaboration in science and technology for workforce readiness.
Qatar Airways unveiled innovative technologies at Web Summit Qatar 2025, including Sama’s AI Booking, Dream Destination – The Pulse, and QVerse Multi-Sensory Experience. These advancements aim to enhance passenger experiences with AI-driven tools for booking, travel, and personalized services, supporting Qatar’s vision for technological growth.
Global Industry Leaders Gather in Cairo to Discuss the Future of SemiconductorsEgypt Strengthens Its Role as a Regional Hub for…
Qatar Central Bank has introduced the ‘Multiple Wallets per Mobile Number’ feature in the Qatar Mobile Payment system, enabling users to manage two wallets with different service providers. This feature enhances user experience, fosters competition, and supports financial inclusion, reinforcing QCB’s commitment to advancing mobile payments in the country.
Libya has entered into a significant agreement with the Medusa submarine cable project, connecting the nation to various Mediterranean countries and improving its telecommunications capabilities. The Libyan United International Company (LUIC), a consortium of private sector Libyan companies in the communications industry, signed the contract. This move will enable Libya to become a telecom and internet services exporter to African countries, enhancing its digital infrastructure, boosting economic prospects, and establishing the nation as a key digital gateway to Africa.
RIYADH, KSA, 13th March, 2025 – Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, hosted a successful edition of…
Ericsson has extended its managed services contract with e& Egypt for five years, focusing on AI integration to enhance network operations, service quality, and user experience. The partnership will support e& Egypt’s transformation into a technology-driven company, paving the way for future growth in telecommunications.
AI platforms are transforming businesses across the UAE, driving growth and innovation. Industry leaders emphasized the importance of generative AI in operations, customer engagement, and internal efficiencies. The focus on AI is a crucial part of strategies for companies like Modon, Abu Dhabi Airports, Etihad Rail, and Abu Dhabi Islamic Bank.
