GCC Countries Make Strides in Digital Transformation, Yet Face Challenges in Financial Inclusion and AI Readiness

The IMF report highlights significant digital progress in the GCC, with advancements in infrastructure, government services, and fintech. However, challenges remain in financial inclusion, corporate digital adoption, and AI readiness. Key recommendations include enhancing digital skills, strengthening fintech regulations, and addressing labor market disruptions to sustain growth.

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GCC Nations Set Ambitious Digital Transformation Goals to Boost Economic Growth

The IMF report outlines the GCC nations’ ambitious digital transformation plans, aiming to boost the digital economy’s share of GDP and enhance government service digitalization. Targets include significant growth in digital economy contributions, with the UAE aiming for full government digitalization by 2025 and other nations setting similar goals.

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International Textile Limited Adopts RISE with SAP for Digital Transformation and Operational Excellence

International Textile Limited (ITL) is enhancing its operations by adopting RISE with SAP, a cloud-based ERP solution. This move aims to improve efficiency, scalability, and real-time decision-making, while also integrating AI and sustainability features. ITL’s adoption of this technology will strengthen its competitive position in Pakistan’s textile sector.

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CDA Plans to Transform Islamabad into Pakistan’s First Fully Digital City

The CDA plans to transform Islamabad into Pakistan’s first fully digital city, focusing on advanced traffic management, cashless transactions, and high-speed internet. Key initiatives include AI-based congestion analysis, QR code digital payments, and phased free Wi-Fi. These steps aim to enhance transparency, convenience, and modernize city infrastructure.

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Oman Qatar Insurance CFO Mohamed Jawad on Industry Growth, Digital Transformation, and Future Trends

Mohamed Jawad, CFO of Oman Qatar Insurance Company, discusses growth drivers in Oman’s insurance sector, highlighting digital transformation, AI, and automation. He outlines how OQIC is leveraging technology for financial operations and claims management. Jawad also shares advice for aspiring CFOs and the importance of industry forums for knowledge sharing.

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