The UAE’s new Jaywan payment platform, backed by Al Etihad Payments, is set for a full rollout in Q4-2024, offering lower-cost debit and prepaid card options. Supported by banks, e& UAE, and du, Jaywan aims to provide significant savings and tailored rewards for UAE consumers, enhancing both online and in-store payment experiences.
e& enterprise, the enterprise arm of UAE’s e& group, has acquired Turkey’s GlassHouse Bilgi Sistemleri for $60 million. The acquisition strengthens e&’s service portfolio, particularly in data backup, business continuity, and SAP infrastructure. GlassHouse’s financials will be consolidated into e&’s from September 1, with minimal impact on overall figures.
The UAE National Pavilion will participate in SOFEX 2024 in Jordan, showcasing advanced defence technologies from leading UAE companies. Supported by the Ministry of Defence and Tawazun Council, the pavilion aims to foster international cooperation, form strategic partnerships, and highlight the UAE’s role as a regional hub for defence innovation and manufacturing.
Web3 streaming platform myco has raised $10 million in its Series A funding round, securing a post-money valuation of $80 million. The funds will support its expansion into new markets and the relaunch of its utility token on the Aptos Blockchain. The company also reported its first profitable year with $7.5 million in revenue.
An undersea cable cut between Dubai and Oman has led to potential Internet service slowdowns for du network users in the UAE. Du is rerouting traffic through alternative systems to minimize impact and expects normal service levels to resume in a few days. The company is working on a swift resolution.
Klumi Ventures and Fuze have partnered to bridge traditional finance with digital assets in the UAE. This collaboration aims to accelerate Web3 adoption by enhancing cross-border payments, offering educational initiatives, and developing new digital asset solutions. The partnership aligns with Abu Dhabi’s Vision 2030 and is set to transform the region’s financial landscape.
Abu Dhabi’s Marlan Space has partnered with Loft Orbital to launch Orbitworks, the Middle East’s first private space infrastructure company. Orbitworks will produce LEO satellite constellations, with plans to launch the first platform by 2026, marking a significant milestone in the UAE’s space industry.
The UAE’s launch of the Foresight-1 SAR satellite marks a major step in its global space leadership. Bayanat and Yahsat’s collaboration on this project strengthens the UAE’s space capabilities, enhances geospatial solutions, and supports the National Space Strategy 2030. The upcoming merger will establish “Space42” as a key player in the global space sector.
Hewlett Packard Enterprise (HPE) has launched Wi-Fi 7 access points in the UAE, offering 30% more capacity and enhanced security for enterprise applications. Announced at HPE Discover Dubai, these APs support AI, IoT, and more, while HPE’s Digital Life Garage showcases their transformative impact on technology and society.
The ‘Digital Sharjah’ platform, launched by the Sharjah Digital Department in 2021, has processed over 952,000 transactions and attracted 95,000 users. The platform offers more than 60 services, demonstrating significant growth in user engagement and downloads. It continues to advance digital transformation in Sharjah, providing seamless, secure access to various services.
