Sheikh Sultan Bin Ahmed Hosts Delegations from e& UAE and the Ministry of Justice to Discuss Collaboration and Future Developments

Sheikh Sultan Bin Ahmed met with delegations from e& UAE and the Ministry of Justice to discuss collaboration in digital infrastructure and judicial services. The discussions focused on enhancing Sharjah’s telecommunications sector, supporting e&’s advancements in AI and fibre-optic networks, and modernizing the judicial system in the UAE.

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Bahrain Leads in Cryptocurrency Regulation and Economic Innovation, Minister Says

Bahrain’s Finance Minister Shaikh Salman bin Khalifa Al Khalifa discussed the country’s pioneering role in cryptocurrency regulation and economic development in a recent parliamentary session. The government is enhancing its legal framework to support cryptocurrency, attract investment, and streamline procedures to boost economic growth and private sector participation.

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Oman Telecommunications Company Group Reports Robust Growth in 2023

Oman Telecommunications Company Group reported a notable financial performance for the first nine months of 2023, with a 28.7% increase in net profit to RO251 million and a 10.6% growth in revenue to RO2.19 billion. Key growth drivers included increased transit voice revenue and device sales, alongside strong mobile postpaid and fixed broadband revenue. Subsidiary Zain Group also showed significant growth in both revenue and net profit.

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Al Baraka Islamic Bank Implements SafeNet AI Fraud Prevention Solution in Partnership with GPS

Al Baraka Islamic Bank has successfully implemented SafeNet, an AI-driven fraud prevention solution, in collaboration with Global Payment Services (GPS). The solution enhances the security of digital payment channels, ensuring real-time transaction analysis and compliance with Central Bank of Bahrain regulations, while boosting customer trust in the bank’s services.

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Krafters Partners with IDEA to Empower Youth and Promote Sustainable Entrepreneurship

Krafters has partnered with IDEA to empower youth through sustainable entrepreneurship and livelihood development. The collaboration will offer specialized training in financial inclusion, digital marketing, and business development, with a focus on skills training for marginalized communities, including transgender individuals, to foster economic growth and inclusion.

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