Technology News and insights in the Middle East, South Asia, and Africa
Bangladesh’s e-commerce sector is set for significant growth, with the “Digital Bangladesh” initiative driving increased adoption of digital payments. However, challenges remain, including a heavy reliance on cash-on-delivery payments and low financial literacy. Addressing these issues will unlock the full potential of the sector and integrate Bangladesh into the global market.
Saudi Arabia’s HUMAIN Chat, powered by the ALLAM 34B model, has been launched by PIF-backed HUMAIN to enrich Arabic digital content. SDAIA President Dr. Abdullah Alghamdi praised the initiative as a step toward positioning the Kingdom as a global leader in AI and preserving the Arabic language online.
Artefact will host a one-day summit in Riyadh on October 8, 2024, bringing together over 150 global thought leaders to discuss advancements in data and AI. The event will showcase cutting-edge innovations and offer insights into driving business growth through AI.
CITRA in Kuwait has introduced draft regulations for licensing wireless and internet service providers, setting annual license fees at KD 75,000 and KD 98,000, respectively. The regulations include requirements for bank guarantees, blocking harmful content, and approval processes. These new rules aim to regulate and enhance the local internet service sector.
stc has signed an SR32.64 billion ($8.71 billion) contract to build and operate telecom infrastructure in Saudi Arabia. The deal spans 18 months for preparation and execution, followed by 15 years of operational management. This move aligns with Saudi Arabia’s Vision 2030 goals and supports the country’s growing telecom sector.
du has partnered with Workvivo by Zoom to transform its internal communications and employee engagement. The platform aims to foster a transparent, connected work environment, enhancing team collaboration, celebrating achievements, and strengthening company culture. This initiative supports du’s goal of creating a more inclusive and dynamic workplace.
Sri Lanka plans to launch a national data exchange and digital ID system to drive its digital economy. With a goal of implementing the national ID within 18-24 months, the country aims to integrate IoT, AI, and cloud computing across sectors. The data exchange will enhance efficiency and innovation.
Space42 raises $695.5M financing for advanced geostationary satellites Al Yah 4 and 5, boosting secure multi-orbit connectivity across key global regions.
Omani satellite manufacturer Spazers has partnered with Australia’s Southern Cross Space to enhance satellite imaging and analytics capabilities. The agreement aims to leverage advanced technologies, supporting Oman’s goal of becoming a regional hub for space activities and contributing to the digital economy’s growth by 10% by 2040.
ADIB, in collaboration with Emirati fintech company Lune, has launched the region’s first personal finance management tool, the ADIB Money Management Tracker. This tool offers users insights into their financial activities by tracking income and expenses, empowering them to make informed decisions and plan for short-term and long-term goals.