Saudi investment firm Batic Investments and Logistics Company (BATIC) announced that it signed an agreement with China's Huawei to provide smart cities solutions in the Kingdom, through a $320mln multi-city smart parking project in the Eastern Region.
Facebook’s investments in infrastructure and connectivity across the region are set to deliver over us$57 billion in economic benefits over the next five years (2020–2024).
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, is investing about $1.5bn (Dh5.48bn/113.67bn Indian rupees) in Reliance Industries' Jio Platforms in return for a 2.32 per cent stake.
Abu Dhabi Digital Authority (ADDA) signed an agreement with America's biggest chip maker, Intel, to speed up the pace of digital transformation in the emirate.
U.K. fintech attracted $1.84 billion of investment in the first half of 2020, a 39% drop on the same period the previous year, according to data from Innovate Finance, an industry body for fintech.
The Abu Dhabi Global Market (ADGM) and China's Sunline Holding signed a preliminary agreement to support financial technology (FinTech) companies in the financial free zone.
South Africa is on the verge of becoming one of the notable adopters of Bitcoin. The adoption of Bitcoin in the last five years deemed South Africa to be quite an appropriate spot for Bitcoin trading, mining, as well as making payment using Bitcoin.
FinTech has spurred the evolution of the Islamic finance industry over the last year. It helps to address a need for simplification and innovation in the sector, which will support longer term acceptance and growth.
Findings showed that many Nigerian retail businesses introduced online orders and doorstep delivery of goods and services to customers during the total lockdown that was introduced to contain the virus.
American financial services corporation Mastercard declared that more than 70% of its clients in the Middle East and Africa are now using contactless payment methods.
Dubai Police, Dubai Economy (DED), and Visa have released data regarding shifts in the UAE-based consumers’ payment behaviour amid COVID-19. According to the press release, 68% of respondents surveyed in the UAE have reduced shopping in-store since the outbreak of the pandemic, while 49% are shopping online more.
Eighty-two per cent of the Middle East banking customers are willing to start using FinTech products, but lenders are not yet integrating many of the products on offer into their networks, according to a new survey.
Majority of employees are worried that sharing personal health data with an employer could lead to it being used as a criteria for promotion or as a means of establishing salary.
The application’s launch comes as part of the country's Vision 2030 and the Egyptian government’s steps towards digital transformation of businesses and citizen services.
The number of African e-health startups operating across the continent has hit an all-time high at 180 active companies, while investment into the space continues to snowball, reaching record levels in the first half of 2020 despite the COVID-19 pandemic.
From autonomous machines, to disinfectant drones and developing apparatus that will facilitate the world’s fight against the COVID-19 pandemic, Dubai has been at the forefront of the global fight thanks to the city’s innovation led response in medicine, mobile technology and sanitization.
The cost of a data breach in Saudi Arabia and the UAE – the Arab world’s two largest economies – has increased 9.4 per cent over the past year costing companies $6.53 million (Dh23.98m) per breach on average, according to the latest report from IBM Security.
Business organizations in Nigeria have been identified as one of the hardest hit by public cloud cyber security breaches, as more than eight out of ten Nigerian organizations experienced a public cloud security incident in the last one year.
As the Middle East data storage market will top $8.5 billion by 2027, organizations need to modernize their IT infrastructure to drive their digital business competitiveness in the COVID-19 coronavirus era and beyond.
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, launched the Dubai Cyber Index – an initiative aimed at encouraging government entities to adopt the highest standards of cyber security.
The DFSA has observed an increase in attacks leveraging known and new malware and a soaring number of newly registered malicious domains referencing COVID-19 since March.
When dealing with the COVID-19 crisis many people struggle to find the best sources of information. As a contribution to the business community, Infomineo has put together a repository of the best sources of information which we will keep updating during the COVID-19 crisis.
After months of necessary WFH implementation, business executives as well as workers are assessing its long-term potential and shaping their opinions on it. Will it last, once the public health emergency is over?
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