Jordan has launched a strategic partnership with the Arab Fund for Economic and Social Development to finance development projects from 2025 to 2029. The initiative will target key sectors like water, energy, and digital transformation, and is expected to boost private sector growth and enhance Jordan’s economic infrastructure.
Prime Minister Shehbaz Sharif discussed efforts to improve telecommunication services and internet access in remote areas during a meeting with the Economic Advisory Council. He highlighted plans to boost IT exports and freelancer growth, despite facing criticism over government actions that opponents claim are aimed at stifling dissent.
The National Lab for Local Content was inaugurated in Muscat to enhance Oman’s local industries and economic sustainability. Discussions focus on boosting local production, creating jobs, and promoting national resources across critical sectors like energy, construction, and health. A National Content Strategy Guide will be launched in March.
Egypt has seen a remarkable 181% increase in financial inclusion over the past eight years, with 71.5% of eligible citizens gaining access to banking services. Key initiatives, including targeted events and programs for underserved groups, have contributed to this growth, fostering economic development and access to financial services across the nation.
Bahrain partners with Amazon Web Services to launch an AI upskilling program for local talent, announced at the Gateway Gulf Investment Forum. This initiative aims to enhance Bahrain’s innovative capabilities and strengthen its economy through advanced AI training.
PayerMax and Saudi Awwal Bank have partnered to revolutionize Saudi Arabia’s digital payments landscape. This strategic alliance aims to enhance merchant onboarding and facilitate global transactions, supporting the goals of Saudi Vision 2030.
Algeria’s e-commerce market has reached $1.5 billion, driven by an increase in payment cards to over 18 million. This growth underscores e-commerce’s role in fostering economic development, digital transformation, and financial inclusion, despite ongoing challenges with cash payments.
The Arewa Tech Fest introduces a $50 million Arewa Tech Fund to support innovation in Northern Nigeria. This initiative aims to empower young entrepreneurs and stimulate economic growth by providing necessary capital, amidst a global downturn in tech investments.
Iraq has launched its first locally-produced Android smartphone in Erbil, marking a major stride towards technological independence. This milestone enhances Iraq’s capacity for high-tech manufacturing and supports its goal of becoming a regional leader in technology.
The Digital Cooperation Organization (DCO) has launched the Digital Economy Navigator (DEN) to help countries assess and enhance their digital economy maturity. This tool aligns with global sustainability goals and is set to empower nations with data-driven insights for digital advancement.
