Posts From Company Announcement

His Excellency Wesam Lootah to Present Keynote at IDC Middle East CIO Summit 2019 in Dubai

International Data Corporation (IDC) is delighted to announce that His Excellency Wesam Lootah, CEO of Smart Dubai Government Establishment and founding member of IDC’s CIO Advisory Council for the Gulf region, will deliver an honorary keynote address at the upcoming

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Digital Transformation Spending in META to Reach $40 Billion by 2022

The Middle East, Turkey, and Africa (META) region will see annual spending on digital transformation (DX) initiatives cross the $20 billion mark by the end of this year, according to the latest insights from International Data Corporation. The global technology

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Brett King’s Moven and Almoayed Partner to Transform Digital Banking Across MENA

With the goal of empowering banks in the MENA region to lead the world in digital banking services, Almoayed Technologies, the Kingdom’s first officially confirmed Open Banking AISP/PISP, announced a strategic partnership with Moven Enterprise, the turnkey smart-banking technology platform

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Fintech and The Digital Banking Impact for Africa

The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are not only disrupting but also building it from the scratch which is bringing Financial inclusions and attracting other investments across the continent. New

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Saudi Customs Tracking via Blockchain Solution‬

As part of its blockchain pilot program, Saudi Customs, with its IT partner, Tabadul, oversaw the integration of FASAH with TradeLens, a blockchain-enabled global shipping solution jointly developed by Maersk and IBM. FASAH is Saudi Arabia’s national platform which connects

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Kuwait Bank is Using Ripple for Immediate Cross-Border Transactions

National Bank of Kuwait (NBK) continues to offer the latest technological solutions in the sector of money transfers and has become the first financial institution in the country to launch the “NBK Direct Remit” for cross-border live payments which uses

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Egypt’s new national card meeza Accepted now on PayFort’s Payment Gateway

PayFort, an Amazon company, has announced that merchants using its online payment gateway will now be able to accept payments from Egypt’s new national card, ‘meeza’, following the announcement of the Central Bank of Egypt (CBE) for the national payment

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FundedByMe Granted Approval to Start Operating in Dubai

Following the strategic growth of FundedByMe, aiming at becoming the most global crowdfunding platform, the platform announced today the final steps to launch its operations in Dubai for the UAE and the MENA region. An in-principle license has been granted conditional

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4-fold Increase in Cryptomining Attacks in the META Region

The past year has been extremely eventful in terms of the digital threats faced by financial institutions: cybercrime groups have used new infiltration techniques, and the geography of attacks has become more extensive. According to the KSN statistics by Kaspersky

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Blockchain-as-a-Service Launch In The Middle East

VeChain, a public blockchain platform focusing on enterprise adoption and BIOS Middle East, an UAE’s Managed Cloud Provider have signed a MoU to co-market and implement a framework of blockchain-as-a-service and blockchain-enabled cloud services. VeChain’s wide range of blockchain solutions

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