Sehat Kahani has partnered with Neem to enhance its digital payment solutions, optimizing financial operations and improving the payment experience for patients. The collaboration focuses on digital wellness, seamless transactions, and the introduction of a tailored wallet system, benefiting both patients and corporate clients, especially in rural areas.
Bahrain’s iGA, in collaboration with Beyon Connect, has launched eKey 2.0, a biometric authentication system to streamline access to services. This upgrade enhances security, user experience, and data privacy while supporting Bahrain’s digital transformation goals under Economic Vision 2030, providing benefits across various sectors including banking, telecommunications, and healthcare.
Basata has increased its stake in MadfoatCom to 25%, strengthening its role in advancing digital payments and financial inclusion in Jordan. The partnership, backed by Jordan Kuwait Bank and the Social Security Investment Fund, focuses on enhancing digital payment solutions, money transfers, and supporting SMEs through financial tools.
A Hays survey reveals that the Middle East leads Europe in AI adoption, with 68% of GCC tech professionals citing increased productivity from AI. Despite this, only 24% have received AI training, highlighting a regional advantage in tech talent. The UAE is at the forefront, embracing AI and other advanced technologies.
EdfaPay, a Riyadh-based fintech platform, has successfully closed a $5 million pre-Series A funding round. The investment will support its expansion across the MENA region and Pakistan, enhancing its digital payment solutions for SMEs. The platform’s SoftPOS technology and payment gateway services continue to attract regional and global partners.
Saudi Arabia, Indonesia, Malaysia, and the UAE account for more than half of the global Islamic fintech firms. The market, valued at $161 billion in 2023/24, is projected to grow to $306 billion by 2028. Saudi Arabia leads as the dominant hub, with challenges like capital access impacting growth.
H.E. Dr. Mohammed bin Saud Al-Tamimi met with Telebras officials in Brazil to discuss advancements in telecommunications and space technology. The meetings aimed to foster collaboration, improve satellite operations, and support sustainable development in both nations.
The Communications, Space and Technology Commission (CST) has released the 3rd edition of the “Digital and Space Sustainability in Saudi Arabia” report. It highlights key initiatives and 13 success stories in environmental, economic, and social sustainability, showcasing the pivotal role of IT and space technologies in achieving sustainable development goals.
Al Munther, Bahrain’s first national satellite, has successfully entered its operational phase. Launched on March 15 aboard a SpaceX Falcon 9 rocket, the satellite’s core systems are functioning as expected. Testing continues on critical systems, including communication and orientation, paving the way for its scientific and technical missions.
Salam has partnered with CDNetworks to enhance internet service quality in Saudi Arabia, providing low-latency, high-quality internet solutions. The collaboration targets the growing demand for digital services in gaming and video streaming markets, aiming to position Saudi Arabia as a hub for digital content consumption and creation.
