Kuwaiti FinTech Kem has secured a $3 million investment from digital asset leader Tether to enhance P2P payments in the Gulf. The funds will drive the regional adoption of USD₮ and expand Kem’s real-time payment services, supporting economic stability in the Middle East and reflecting a growing trend towards digital financial frameworks.
Yahsat has signed an MoU with South Africa’s Department of Communications and Digital Technologies to enhance collaboration in satellite and ICT services. The agreement includes satellite broadband, IoT, geospatial applications, and more. This partnership aims to develop infrastructure, skills, and communications capabilities in South Africa.
The Saudi Data and AI Authority has launched new technical infrastructure projects and data centers in Riyadh. These state-of-the-art centers, built to UPTIME Institute standards, aim to boost capacity and efficiency. The initiative supports SDAIA’s strategy for sustainable data centers with advanced electrical and mechanical systems.
Space42, the UAE-based space tech company, reported a 17.5% increase in profit for the first nine months of 2024, totaling $118.8 million. The company’s performance was boosted by the merger with Bayanat and Yahsat. Despite a revenue decline, Space42 remains focused on profitable growth and innovation in tech solutions.
Oman has launched a Postal Sector Policy and Executive Programme (2025-2029) to modernize and regulate the expanding postal sector, improve service quality, and support e-commerce and logistics. The programme aligns with national goals and includes initiatives like postal service liberalization, a national addressing system, and e-commerce delivery guidelines.
Zbyte and Doha Design District have introduced a groundbreaking NFT ticketing system for the TEFFA AI R evolution event in Doha, merging blockchain technology with the arts. This innovative approach enhances ticket security and transforms them into unique digital collectibles, advancing Qatar’s position as a hub for digital innovation.
Algerie Télécom is optimizing its BaridiMob platform to enhance user experience following recent disruptions. The company has apologized for transaction delays and assured users that updates are aimed at improving service efficiency. A significant rise in user adoption underscores the need for these improvements to meet growing demand.
Qareeb Data Centres and Gcore have signed a Memorandum of Understanding (MoU) to enhance digital infrastructure in the GCC. This collaboration focuses on leveraging edge AI and cloud solutions, supporting the region’s digital transformation. The partnership aims to provide secure, innovative solutions to businesses and public sectors across the GCC.
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.
Core42 and Microsoft Azure have launched JAIS 30B Chat, an advanced Arabic AI model. This collaboration aims to enhance AI accessibility for 422 million Arabic speakers, providing transformative solutions across industries. JAIS 30B Chat excels in cross-lingual conversations, content generation, and reasoning, fostering innovation and improving service delivery globally.
