Bangladesh’s e-commerce sector is growing rapidly, but the transition to digital payments remains slow due to the country’s strong reliance on cash. To foster growth, efforts are needed to educate consumers, improve infrastructure, and increase merchant adoption of electronic payments, ultimately driving the shift towards a cashless economy.
The forum aimed to discuss global logistics developments and strategies to enhance supply chains and trade.
Dubai, UAE, 28 April (NYSE “DAVA”) Endava, the technology-driven business transformation group whose AI-native approach combines cutting edge technology with…
Saudi Arabia’s Public Investment Fund (PIF) has partnered with Google Cloud to establish a global AI hub near Dammam. This collaboration aims to enhance the local workforce with AI programs and improve digital payment solutions. The initiative underscores Saudi Arabia’s commitment to becoming a leading player in the AI sector.
Foundation Ventures, a Cairo-based venture capital firm, has secured the first close of its $25 million fund, “FVFII.” The fund will support startups in Egypt and Africa, focusing on driving innovation, regional expansion, and global competitiveness. Investors include the Egyptian American Enterprise Fund and MSMEDA.
Bahrain’s Taqyeem Committee reviewed the results of its 5th evaluation round, which assessed 64 service centres and 13 virtual service centres across 21 government entities. The meeting highlighted efforts in adopting digital transformation, innovation, and customer satisfaction, emphasizing the importance of collaboration to improve government service delivery.
Deliveroo achieved its first annual profit, posting £2.9 million after tax for the year. Despite exiting markets like Hong Kong and Spain, the company saw a two percent increase in revenue and orders. Moving forward, Deliveroo plans to expand grocery and retail offerings, while supporting restaurant partners’ growth.
Tech leaders met in Ras Al Khaimah for the ‘Re: Sustainable IT Summit’ to discuss sustainable hardware practices. Organized by Circular Computing, the event emphasized remanufacturing as key to reducing e-waste and CO2 emissions. Circular Computing’s $33 million contract with the Irish Government underscores the viability of sustainable IT solutions.
In 2024, Algeria’s FGAR funded 386 SMEs with a total of USD 427 million, creating over 8,000 jobs. The fund provided loans and financial guarantees across various sectors and regions, supporting business growth. Additionally, it recently expanded loan offerings to include both investment and operating loans.
ADGM has launched its all-in-one mobile app, designed to improve connectivity and engagement within Abu Dhabi’s financial district. The app provides real-time regulatory updates, networking features, and services for both businesses and residents, underscoring ADGM’s commitment to fostering innovation and collaboration in the region.
