CBI Governor Ali Al-Alaq announced that Iraq is set to surpass its neighbors in digital banking. With applications from over 70 banks for digital operations, Iraq embraces AI and big data to enhance financial services, expecting transaction volumes to reach $7 trillion by 2027.
PayTabs Egypt partners with Souhoola to expand its BNPL offerings, enhancing e-commerce payment options and competitiveness. This strategic alliance aims to meet consumer demands for convenience and support Egypt’s progression towards a cashless society.
SAP is leading digital transformation in Pakistan, fostering job creation through AI integration. The company supports various sectors with AI solutions, enhancing decision-making and operational efficiency. SAP’s commitment extends across public sectors and SMEs, aligning with Pakistan’s vision for a digitally integrated economy.
Bahrain has attained Tier 1 status in the 2024 Global Cybersecurity Index, reflecting its strong cybersecurity framework and global leadership in digital security. The achievement highlights Bahrain’s commitment to robust digital infrastructure and strategic cybersecurity initiatives aligned with Bahrain Economic Vision 2030.
Polymatech Electronics is set to establish a $16 million semiconductor facility in Bahrain, focusing on 5G and 6G components. This initiative marks a key part of Polymatech’s global expansion and aims to meet the rising global demand for advanced semiconductor technology.
Pakistan has earned a top position in the ITU Global Cybersecurity Index 2024, ranking among the elite Tier 1 countries. This designation underscores Pakistan’s role as a model nation in cybersecurity, reflecting its comprehensive measures across legal, technical, and organizational domains.
stc Group has partnered with New Murabba to advance urban development in Riyadh through innovative digital solutions. This strategic collaboration aims to implement cutting-edge technologies like AI and IoT, enhancing infrastructure and quality of life in alignment with Saudi Arabia’s development goals.
Aramco Digital Company has teamed up with AI inference leader Groq to develop the world’s largest inferencing data center in…
Saudi Arabia launches the “One Million Saudi in AI” initiative, aiming to educate one million citizens about AI. Announced at the GAIN Summit 2024, this program focuses on integrating AI into business and daily life, promoting safe and ethical AI usage.
VeraViews, leveraging distributed ledger technology, will set up its global headquarters in the UAE under the NextGen FDI initiative. This strategic move aims to enhance the transparency and efficiency of the digital advertising ecosystem, supporting UAE’s goal of becoming a leader in secure digital advertising.
