Author: Akin Naphtal

Gulf Bank has opened registrations for the second Gulf Bank “Datathon” competition, following the success of the first edition last year. The event is set to take place on May 12, 2023, at Al Shaheed Park, Phase Two (Multi-Purpose Hall). Registrations will remain open until May 9 and mentoring and learning workshops will be held on May 11. The educational workshops will include three categories: Data Visualization with Tableau, Digital Analytics with Google Analytics and Data Analysis using Python with ChatGPT. The bank will offer three prizes to the winning projects. The Data Modeling and Visualization category winners will receive…

Nomo Bank, the digital arm of Bank of London and the Middle East (BLME), has partnered with Abu Dhabi Commercial Bank (ADCB) and Al Hilal Digital Bank to offer its services to customers in the United Arab Emirates (UAE). Under the agreement, Nomo’s digital services and products will be available to customers via the ADCB-Nomo and Al Hilal Nomo apps. The partnership is part of Nomo’s strategy to expand its customer base in the Gulf Cooperation Council (GCC) region and to offer innovative banking solutions backed by state-of-the-art technology. Adel Abdul Wahab Al-Majed, chairman of BLME and group CEO of…

Omantel, a telecom company based in Oman, is partnering with BankDhofar, one of Oman’s leading banks, to provide a hybrid cloud solution for the bank over the next five years. The partnership aims to streamline BankDhofar’s operations, enabling it to focus on strategic initiatives while avoiding capacity constraints and reducing operational expenses. The cloud solution will be delivered through Omantel’s subsidiary Oman Data Park, which will help BankDhofar migrate its operations to the cloud as part of its digital transformation journey. READ ALSO:DEWA launches its second nanosatellite to improve operations and maintenance of networks Qatar Financial Centre partners with R3…

The Dubai Electricity and Water Authority (DEWA) has successfully launched its second nanosatellite, DEWA SAT-2, via the Falcon 9 rocket of SpaceX from Vandenberg Space Force Base in California. Developed by Emiratis at DEWA’s Research and Development Centre in collaboration with NanoAvionics in Lithuania, the 6U nanosatellite is equipped with a high-resolution camera for Earth observation missions, providing continuous line-scan imaging in seven spectral bands from an orbit of approximately 500km. The satellite also features Infrared equipment to measure greenhouse gases. READ ALSO:Qatar Financial Centre partners with R3 to boost fintech industry and DLT deployment Qatar-Based Start-up SHIELDNXT Wins MENA…

The Qatar Financial Centre Authority (QFCA) has signed a Memorandum of Understanding (MoU) with R3 to collaborate on initiatives to accelerate the development of Qatar’s financial technology industry. Under the partnership, the two organisations will work together to create a potential lab environment catering to commercial banks and fintechs in Qatar. Additionally, the partnership aims to promote education and training on asset digitisation and the use of distributed ledger technology (DLT). The QFC and R3 will also establish working groups to observe new and emerging regulatory paradigms and support the QFC’s deployment of DLT at the national level. READ ALSO:Qatar-Based…

HIELDNXT, a Qatar-based start-up, has won the MENA InsurTech Competition – Qatar Edition. The competition was organized by the MENA Insurtech Association, which held the Insurtech Ghabga Night at the Microsoft office in Lusail, Qatar. The event aimed to select the top five startups from 11 remarkable participants who will join the MENA Insurtech Summit on May 20, 21 and 22, 2023. Christudas Dai, the founder and director of SHIELDNXT, expressed pride in the company’s victory and hopes that such competitions will bring more awareness to the market and startups looking to disrupt the traditional insurance industry. READ ALSO:TachyHealth Launches…

Healthcare technology startup TachyHealth has launched a new AI language model for its AiCode solution, which has been trained on the Saudi billing system published by the Council of Health Insurance (CHI). The new model is designed to significantly reduce the margin of error in medical coding and ensure that providers and payers in the Kingdom receive the correct reimbursement for their services, thus minimising the risk of financial losses. READ ALSO:XTREME DB SYSTEMS partners with Equinix in the UAE for datacenter transformation and cloud deployment support Cassava Technologies pledges R4.5 billion in investment into the South African economy Broadband…

XTREME DB SYSTEMS (XDS) is a company based in the UAE that helps financial services customers to transform their datacenters and shift to new colocation or cloud deployment models. As per conversations with CEOs in the UAE, the need for instant provisioning and fast go-to-market has emerged as a crucial driver for maintaining competitive advantages, which is not feasible with on-premise datacenters anymore. READ ALSO:Cassava Technologies pledges R4.5 billion in investment into the South African economy Broadband India Forum and Wireless Broadband Alliance partner to expand NextGen Wireless Ecosystem SpotQuest Launches Innovative Location Intelligence Platform for Hotels and Restaurants, Cutting…

Cassava Technologies has pledged a total of R4.5 billion in investment in South Africa through its business units – Liquid Intelligent Technologies, Africa Data Centres and Distributed Power Africa. The announcement was made during the fifth South Africa Investment Conference (SAIC) in support of SA President Cyril Ramaphosa’s initiative to drive investment into the country.Through this investment, Cassava, which has operations in Africa, the Middle East, Europe, the USA and Latin America, will continue to bring internationally recognised services and products to South Africa through the group’s renewable energy, cloud & cyber security, data centres and broadband connectivity business units.…

The Broadband India Forum and the Wireless Broadband Alliance have signed an MoU at an event focused on “Wi-Fi and Delicensing of 6GHz – The Driving Force of Broadband for All”. The collaboration aims to expand the NextGen Wireless Ecosystem and highlight the importance of the internationally harmonised unlicensed 6Ghz spectrum band in solving the Digital Divide. The event brought together policymakers, industry executives, subject matter experts and other stakeholders to explore new Wi-Fi technologies that operate only in the delicensed 6Ghz radio band that can complement 5G and bridge the connection gap while stimulating innovations and applications and service…