Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
EazyPay joins forces with Tamara to provide local payment gateway services, enhancing BNPL transaction processing and supporting digital commerce growth in the GCC. The partnership reflects a shared commitment to fintech innovation and financial inclusion in Bahrain and beyond.
Khaleeji Bank has launched Visa+, a service allowing users to send money to Visa cardholders across the GCC using only a mobile number. This innovation enhances security and convenience, eliminating the need for sensitive account details. Visa+ supports peer-to-peer payments, loan disbursements, and cross-border remittances.
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.
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.
The latest BCG survey reveals that AI is a key priority for business leaders in 2025. The GCC region is focusing on reshaping operations and creating new AI-powered business models, with significant investments planned. The region is committed to integrating AI into all roles while addressing data privacy and regulatory concerns.
Qareeb Data Centres and Gcore have signed a Memorandum of Understanding (MoU) to enhance digital infrastructure in the GCC. This collaboration focuses on leveraging edge AI and cloud solutions, supporting the region’s digital transformation. The partnership aims to provide secure, innovative solutions to businesses and public sectors across the GCC.
Kuwait secured third place globally and in the Arab world for mobile internet speed, achieving an average speed of 258.51 Mbps, according to the October 2024 Speed Test Global Index. This reflects significant advancements in telecommunications infrastructure, with GCC countries continuing to lead in digital connectivity and innovation.
The partnership will provide organizations with essential data and analytical tools to navigate complex market environments and optimize strategic decisions.
The funding will support Pemo’s expansion into new markets within the GCC, including Saudi Arabia.
A delegation from Bahrain, led by Bader Hood Al Mahmood, attended the 26th GCC Ministerial Committee Meeting on Transportation in Doha. The meeting focused on enhancing cooperation in land and maritime transport, discussing key topics such as the GCC Railway Authority and green corridor initiatives for ports.