Gulf Capital has reportedly acquired a strategic stake in Saudi Geidea, a provider of electronic payment solutions and financial technologies in the Kingdom of Saudi Arabia.
Editor's Picks, Technology, UAE
Telecom subscribers in UAE rise to 24 million: TRA
The number of subscribers to telecommunications services in the UAE, whether through mobile phones, landlines and the internet, rose to around 24 million during the first five months of 2018.1 6370
Transit travellers can now take virtual tours of Dubai
Dubai Airports, in cooperation with Dubai Future Foundation (DFF), has developed the ‘Microcosm of Dubai’, a new initiative that aims to give passengers transiting through the emirate’s airports a unique experience of the city.
Smart Dubai supports “robot-assisted therapy” for children with autism
In line with the values of the ‘Year of Zayed’, Smart Dubai donated a robot to the Dubai Autism Center in attempt to support the Center’s expanded efforts after the opening of its new premises – the largest purpose-built in the region.
Vodafone Qatar rolls out 1Gbps fibre network in new areas
Vodafone Qatar has recently announced that it will be supplying New Salata and the Industrial Area with full-fibre network to handle speeds of up to 1 Gigabit per second (1Gbps).
Homegrown 2-for-1 app The Entertainer acquired for “nine-figure” sum
The Entertainer founder and CEO Donna Benton has confirmed that Bahrain’s GFH Financial Group has acquired the Dubai-based two-for-one offers app for a “nine-figure” sum.
Over 1M UAE consumers fell victim to online shopping scams
More than 1 million UAE consumers were victims of online shopping scams alone in 2017, losing a total of AED 321 million according to the 2017 Norton Cyber Security Insights Report, released by Norton by Symantec.
AUH gets 450 smart sensors to boost passenger satisfaction
Abu Dhabi International Airport has implemented smart Passenger Flow and Queue Management technologies, to boost efficiency in day-to-day operations across check-in, security, immigration and baggage-claim in Terminals 1 and 3.
UAE to combat fraud with new digital tax system
The Federal Tax Authority (FTA) has announced a new electronic tracking system, which uses digital tax stamps to ensure Excise Tax on tobacco products has been paid at an awareness meeting held in Dubai.
DEWA selects finalists for energy accelerator programme
Dubai Electricity and Water Authority (DEWA) has participated in selecting 15 start-ups in the energy sector out of 515 companies from 65 countries that applied for the 2nd Free Electrons Programme.
DIFC to expand FinTech Hive’s global presence with new partnership
Dubai International Financial Centre, DIFC has signed a Memorandum of Understanding with professional services company Accenture to foster innovation in the financial services industry globally.