The National Incubation Center has announced that its alumni startup, Xylexa, has raised a pre-seed round of investment. Xylexa is using Artificial Intelligence and Machine Learning to develop a computer-aided diagnostics platform, for automated, accurate, timely, and cost-effective medical image diagnosis. Using pathology-verified data, Xylexa’s computer vision and ML algorithms analyze and interpret a patient’s […]

Jazz, Pakistan’s leading digital communications company, has further cemented its position as the undisputed telecom industry leader with a massive on-net family of more than 62 million subscribers including 18.2 million Super 4G users. Ever since the launch of Jazz Super 4G in February 2018, the company has recorded phenomenal growth in its 4G user […]

 Virgin Mobile UAE has announced the appointment of Rob Beswick as the new Managing Director. Rob’s vision for Virgin Mobile UAE is to build on Virgin Mobile UAE’s position as the customer champion by creating a benchmark digital model for the mobile industry. By embracing next-generation technology, such as 5G, he is committed to leading […]

Abu Dhabi Islamic Bank, a leading financial institution, announces the appointment of Mohamed Abdel Bary as Group Chief Financial Officer. Mohamed Abdel Bary joins ADIB from Standard Chartered Bank, where his most recent role was as Regional CFO for Africa & the Middle East.  He has over 24 years’ experience working with a range of […]

UnionPay International, Wemsol Private Limited and Bank AL Habib jointly announce today the launch of UnionPay QuickPass (NFC/Contactless and HCE) acceptance on Keenu POS terminals in Pakistan, where consumers can make safe and quick payments by tapping their UnionPay cards at KEENU POS terminals at more than 7,000 merchant locations in Pakistan. This is the […]

HSBC launched today Hong Kong’s first remote business account opening solution targeting small and medium enterprises (SMEs). Business owners can now open an account anytime and anywhere, without having to schedule face-to-face or video meetings with the Bank or submitting physical documents and signature. The application process is completely digitized and paperless. The innovation builds […]

Wavetec, global leaders in customer experience and journey management solutions has officially announced the release of WhatsApp Enabled Virtual Queuing Solution.  The solution is fully integrated with Whatsapp, the most popular app for instant messaging. WhatsApp queuing is a fully integrated experience enabling users with an option to join a queue with real-time queue information.  […]

The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to […]

QNB Group, the largest financial institution in the Middle East and Africa, becomes the first bank in Sudan to have successfully performed an international payment card transaction in partnership with Mastercard, a global technology company in the payments industry. The transaction was performed using a Mastercard virtual prepaid card product. QNB is also the first […]

Visa and CPI Card Group Inc, a leading provider of credit, debit, and prepaid solutions introduced the Earthwise High Content Card, which is made with up to 98 percent upcycled plastic, dependent on design, for a more sustainably produced card. This global launch is an exclusive offering for Visa clients and cardholders. CPI created the Earthwise […]