The World Economic Forum (WEF) on the Middle East and North Africa (Mena) concludes today, drawing more than 1000 government, business and civil society leaders from 50 countries. Its aim, according to the statement beneath its logo is “committed to improving the state of the world”. Whether one conference can achieve that is debatable, but the speeches and discussions that took place highlighted the region’s many problems. From conflict to unemployment, climate change and so
It fell to a mobile phone company more than a decade ago to financially empower tens of millions of Africans who found themselves passed over by the traditional banking sector. Now, some 12 years after Vodafone co-founded M-Pesa, the mobile payments venture that took east Africa by storm, banks are upping their game to improve financial inclusion rates across Africa and the Middle East, as technology widens their ability to deliver banking services at lower costs. The region’
The Dutch supplier’s solution will cover both customer and employee digital channels across institutional and retail banking. A key stated aim is faster time to market for new products. Capital Bank has signed for the full product stack based around Backbase CXS 6, which is the latest version, launched at the end of 2017, and comes with identity and access management capabilities. The deal includes the Backbase Entitlements component and DBS digital banking back-end services.
According to the Forum, 19 of the top 100 are already based in the UAE. Also on the list are Egypt's mass-transit platform Swvl, Palestinian FinTech company Receet and Moroccan environment app Clean City. The Arab start-ups were selected at the World Economic Forum on the Middle East and North Africa, held in Jordan, which started on Saturday. The UAE is a global incubator for emerging innovations. Our innovation-friendly legislative structure is essential for start-up compan
As hundreds of business and government leaders prepare to convene at the Dead Sea for the 10th World Economic Forum on the Middle East and Africa, host Jordan is confronting near-record unemployment and a debt crisis. To revive the kingdom’s sluggish economy and trigger growth, the nation is turning its efforts to start-ups. Investment in the sector in the past few years is already apparent: 27 out of the 100 most promising Arab start-ups being highlighted at this weekend’s W