Author: Akin Naphtal

ZainTech, the one-stop digital solutions powerhouse of Zain Group, has signed a memorandum of understanding (MoU) with Mastercard to create unique data-driven and innovative solutions for businesses across Middle East and North Africa (MENA). The partnership will help streamline clients’ operations, including enhancing productivity and cost savings. ZainTech and Zain B2B teams across the region are revolutionizing day-to-day business by streamlining their digital transformation journey, making it simpler and more seamless than ever before. The company is offering cutting-edge data solutions, facilitating digital and data-driven decision-making, to achieve clients’ corporate goals and drive growth. According to Andrew Hanna, CEO, ZainTech,…

The Qatar Central Bank (QCB) has granted Paywise (Dibsy) a licence to provide digital payment services in a continuation of the efforts to develop and reinforce the financial technology sector (Fintech). READ ALSO:Indian Navy Partners with QNu Labs to Deploy Quantum-Based Encryption Systems for Enhanced Data Security Bybit Forms Strategic Partnership with Dubai Multi Commodities Centre (DMCC) to Drive Crypto Adoption in Dubai Siemens Unveils Egypt’s First Smart Cities Experience Center for Sustainable Urban Development In a tweet, QCB said that the number of companies under QCB’s supervision in the Fintech sector has reached nine companies.

The Indian Navy has announced its decision to utilize large-scale quantum-based encryption systems to bolster data and communication security. QNu Labs, a quantum cybersecurity provider, has been selected as the partner for procuring and deploying quantum key distribution (QKD) systems. QKD is a secure communication technique that leverages principles of quantum mechanics. QNu Labs will supply the Indian Navy with QKD-based Hub & Spokes systems, according to a recent statement by the company. The procurement order was signed by the Indian Navy in May. This collaboration aims to safeguard the communication network against potential threats and establish the Indian Navy…

Bybit, the third most visited cryptocurrency exchange globally, has announced a strategic collaboration with the Dubai Multi Commodities Centre (DMCC), a leading global business district. The partnership aims to accelerate the mass adoption of cryptocurrencies in Dubai and fulfill Bybit’s commitment to investing in the Web3 ecosystem within the emirate. As part of the collaboration, Bybit will become an official Ecosystem Partner for the DMCC Crypto Centre, the MENA region’s largest concentration of crypto and Web3 businesses. READ ALSO:Siemens Unveils Egypt’s First Smart Cities Experience Center for Sustainable Urban Development UAE’s Cloud Adoption Could Unlock $181 Billion in Economic Value…

Siemens has launched Egypt’s inaugural Smart Cities Experience Center, situated at its headquarters in Cairo. The center serves as a platform for customers to explore cutting-edge technologies and solutions for creating sustainable and efficient smart city infrastructure, buildings and industries. It offers visitors an immersive experience that combines real-world and digital elements, showcasing the benefits of transforming communities into smart cities. The Smart Cities Experience Center emphasizes Siemens’ commitment to successful smart city implementation through its wealth of project experience. It provides insights into various aspects of smart infrastructure, including low-voltage to medium-voltage electrification, energy management, intelligent power distribution and…

A study commissioned by Amazon Web Services reveals that the United Arab Emirates (UAE) has the potential to generate an additional $181 billion in economic value over the next decade (2023-2033) by accelerating the adoption of cloud services. This amount accounts for approximately 2.5 percent of the UAE’s cumulative gross domestic product (GDP) during that period. Among countries in the Middle East and North Africa (MENA) region, the UAE stands out as the leader in driving economic growth through cloud adoption. The study indicates that a one percent increase in cloud adoption by UAE organizations translates to an average GDP…

Ericsson and Zain Group have entered into a memorandum of understanding (MoU) to collaborate on sustainability initiatives aimed at developing more energy-efficient networks. The partnership will focus on reducing the carbon footprint of both companies and supporting their transition to Net Zero. With a strong existing relationship, Ericsson and Zain Group will explore ways to minimize energy consumption and waste generation in Zain Group’s networks. Ericsson, drawing on its global expertise, will conduct workshop sessions to share knowledge on sustainable network practices. READ ALSO:India’s Tata Consulting Services to Provide Digital-First Administration for UK Teachers’ Pension Scheme stc Bahrain Commits to…

Tata Consulting Services (TCS), India’s largest IT service provider, has been chosen by the UK government to deliver digital-first administration and customer experience for the Teachers’ Pension Scheme in England and Wales. This scheme is the second largest public sector pension scheme in the UK, with more than 2 million members. As part of the partnership with the Department of Education, TCS will establish a service hub in Darlington to expand its presence in the UK. Under a ten-year contract awarded by the Department of Education, TCS will be responsible for managing various aspects of the scheme administration, including pension…

stc Bahrain, a leading digital enabler, has reaffirmed its dedication to consumer protection by signing a set of Undertakings with the Telecommunications Regulatory Authority (TRA). These Undertakings serve as a testament to stc Bahrain’s commitment to providing clear and understandable information, promoting billing transparency and accuracy, responsible promotion of services and products and maintaining high service quality standards. By entering into these Undertakings, stc Bahrain solidifies its position as a customer-centric organization that values transparency and places consumer protection at the forefront. The company’s focus on building trust and delivering exceptional customer experiences is exemplified through these commitments, which are…

Google has announced its compliance with Egyptian laws by imposing a 14% value-added tax (VAT) on its services in Egypt. According to a letter by Google on June 2nd, the multinational technology company will begin implementing the VAT starting July 1st. The move aligns with the Egyptian Ministry of Finance’s efforts to levy taxes on online services and platforms in recent years. To ensure compliance, Google has requested users of its services in Egypt to provide their tax identification number (TIN). This requirement allows Google to track and monitor users’ tax obligations as per local regulations. READ ALSO:OpenAI Website Close…