Branex is All Set to Ignite Innovation at GITEX 2024 – Join Us to Shape the Future of Technology!
Branex is fueled with the desire to establish a strong foothold in the MENA region, and we are all fired…
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Kuwait Accelerates Tech and Telecom Growth to Build a Sustainable, Diversified Economy
Kuwait is advancing AI integration, 5G telecom infrastructure, and digital transformation initiatives to diversify its economy by 2035. Investments in smart cities and mega infrastructure support this growth, while cybersecurity programs safeguard critical systems. The cautious stance on online gambling highlights challenges in balancing innovation with societal values.
GCC Countries Make Strides in Digital Transformation, Yet Face Challenges in Financial Inclusion and AI Readiness
The IMF report highlights significant digital progress in the GCC, with advancements in infrastructure, government services, and fintech. However, challenges remain in financial inclusion, corporate digital adoption, and AI readiness. Key recommendations include enhancing digital skills, strengthening fintech regulations, and addressing labor market disruptions to sustain growth.
UAE and Bahrain Discuss Strengthening Bilateral Cooperation
UAE Ambassador Fahad Alameri met with Bahrain’s Minister Al Khalifa to discuss strengthening the strategic partnership between their countries. They focused on enhancing cooperation in transportation, communications, and logistics, as well as promoting knowledge exchange and joint investments to further the development of both nations.
DESC Launches Dubai AI Security Policy to Enhance Cybersecurity and Foster AI Growth
The Dubai Electronic Security Centre has launched the Dubai AI Security Policy to strengthen cybersecurity and support AI development, aiming to position the UAE as a global leader in artificial intelligence by 2031.
Akurateco Partners with DineroPay to Advance Mobile Payments in Saudi Arabia
Akurateco and DineroPay have partnered to advance mobile payments in Saudi Arabia. By implementing Apple Pay, Google Pay, and network tokenization technology, the collaboration aims to enhance security and scalability in mobile transactions, aligning with regulatory requirements and supporting the region’s transition toward digital-first financial solutions.
Klumi Ventures and Fuze Partner to Accelerate Web3 Adoption in the UAE
Klumi Ventures and Fuze have partnered to bridge traditional finance with digital assets in the UAE. This collaboration aims to accelerate Web3 adoption by enhancing cross-border payments, offering educational initiatives, and developing new digital asset solutions. The partnership aligns with Abu Dhabi’s Vision 2030 and is set to transform the region’s financial landscape.
Basata Holding Acquires Additional Stake in MadfoatCom to Boost Digital Payments in Jordan
Basata Holding has increased its stake in MadfoatCom to 25%, aiming to accelerate digital financial inclusion and enhance digital payments in Jordan. The partnership will focus on scaling digital payment services and supporting SMEs with financial tools. The collaboration involves key Jordanian financial institutions, including Jordan Kuwait Bank.
Bahrain’s TRA Elected Vice Chair of ITU Council Working Group on Child Online Protection
Bahrain’s Telecommunications Regulatory Authority (TRA) has achieved a significant milestone by being elected as the Vice Chair of the International…
Mal Bazaar Strengthens Market Position with New Acquisition and Digital Platform Launch
Mal Bazaar, an Egyptian insurtech startup, has acquired a licensed insurance brokerage and launched “My Policy,” a digital platform for corporate insurance management. With over 60,000 clients, the company aims to revolutionize the insurance industry through digital transformation and enhance customer experience.