Quincy Hunte

In Tahseen Consulting's #MENA+ #techpolicy insight, you'll read about the #UAE’s Network International enabling #UPI payments at 60,000 merchants, #SaudiArabia ▲ its retirement age to 65, #Egypt launching #eSim services, #Pakistan #privatizing 10 state-owned entities, CoinDCX entering the #MENA via its BitOasis acquisition, #Tunisia seeking #5G partners, Paxos partnering with #Singapore’s DBS Bank to launch its gold-backed #stablecoin PAXG, #Indonesia inaugurating its 1st #EV battery plant with LG Electronics and Hyundai Motor Company (현대자동차), and #China’s #smartphone makers seeking #India manufacturing, distribution partnerships. 🇦🇪 #UAE Lunate eyes $5B in fresh funds for acquisitions 🇸🇦 #KSA to host International Telecommunication Union's Global Symposium for Regulators 🇪🇬 #EGYPT New cabinet sworn in, rising pressure to address economic, diplomatic challenges 🇵🇰 #PAKISTAN #OTT providers to register, localize data under draft framework 🌍 #GCC #Space industry valued at $10B+, investments ▲ 🌍 #MENA e&, ADNOC Group planning 5G network for the #energy industry 🇹🇷 #TURKEY #Inflation ▲ ~72% YoY in June, slows for 1st time in 8 months 🇹🇷 #TURKEY Istanbul airport to boost capacity to 120M / year 🇹🇭 #THAILAND BYD opens #SoutheastAsia’s 1st #EV plant 🇮🇩 #INDONESIA's Superbank gets $73M from Grab, Singtel, 카카오뱅크 Kakaobank 🇮🇳 #INDIA-led GPAI may become global #AI body for under #OECD

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Reflecting on GITEX 2024: A Showcase of Innovation in the UAE This year at #GITEX, feeling blessed to be in the heart of it, I was reminded once again why the #UAE continues to stand out as a global leader in technology and innovation. From ground-breaking startups to industry giants, GITEX highlighted the vibrant ecosystem that the UAE has built to support technology companies from across the globe. At e&life, we demonstrated how our homegrown companies are driving transformation across sectors, especially in digital services and #AI based customer-centric innovations. evision , STARZ ON , STARZPLAY , Careem , e& money , and Wio Bank have demonstrated ground breaking launches from the forward looking #TVCommerce, to #AI based hyperpersonalization, personalized Dine out experiences, and innovative digital banking and investment solutions. GITEX is more than just a technology event—it’s a glimpse into the future. And the UAE? It’s the destination for any technology company looking to push the boundaries of innovation. #GITEX2024 #Innovation #UAE #Technology #DigitalTransformation #eandlife #FutureofTech #SmartCities #Sustainability

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Investment activity in MENA’s startup space slowed down in June 2024, as 38 tech startups raised $116 million, bringing the half-year total to $882 million. The amount raised in June declined 59% month-on-month, but rose 182% when compared to the same period last year. #Startups #Investments #Funding #Mena

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Have you heard of the Dubai Program for Gaming 2033 - DPG33? The Dubai Program for Gaming 2033 is an an initiative aimed at positioning Dubai as a leading global hub in the gaming industry. Launched under the oversight of the Dubai Future Foundation, this program focuses on three main areas: talent, content, and technology. The initiative aims to create a comprehensive ecosystem that supports developers, designers, programmers, entrepreneurs, and startups within the creative industries. Key objectives of the program include: • Establishing Dubai among the top 10 cities globally in the gaming industry. • Generating 30,000 new jobs in the gaming sector. • Increasing the contribution of the gaming sector to Dubai’s GDP by approximately $1 billion by 2033. • Providing extensive training and job opportunities in partnership with international companies, universities, and academic institutions. • Supporting local and international events and exhibitions to foster innovation and collaboration within the gaming community. Additionally, the program includes the Dubai Gaming Visa, designed to attract global talent in esports, gaming, and technology to conduct business in Dubai  . For more detailed information, you can visit the official Dubai Program for Gaming 2033 website here: https://lnkd.in/dJWJdyMn DUBAI FUTURE FOUNDATION Dubai Program for Gaming

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In Tahseen Consulting's #MENA+ #techpolicy insight, you'll read about the #UAE’s Parkin moving into #vertiports, #SaudiArabia’s EVIQ partnering with Ceer on #EV infrastructure, #Egypt’s ELSEWEDY ELECTRIC and Vodafone making #telecom equipment, #Pakistan developing skills centers to boost #GCC employment, the UAE and #Jordan signing a #freetrade agreement, #Oman’s Omran Group OM promoting local products, #Singapore tightening its real estate #AML rules, #Indonesia’s new #AI regulations, and Hyundai Motor Company (현대자동차) planning #India’s biggest #IPO at a $19B valuation. 🇦🇪 #UAE Wynn Resorts gets 1st gaming operator's license 🇸🇦 #KSA Public Investment Fund (PIF) may▲ stakes in Nintendo, other #Japanese firms 🇪🇬 #EGYPT Egypt Post, AXA launch #microinsurance company 🇵🇰 #PAKISTAN delays Pakistan International Airlines #privatization - again   🌍 #MENA NIO and CYVN Holdings form EV JV 🌍 #MENA KSA accounts for 50%+ of September #VC funding 🇹🇷 #TURKEY Trendyol Group hosts TEKNOFEST #ecommerce hackathon 🇹🇷 #TURKEY Germany approves €336M arms deal, 1st big sale since 2019 🇸🇬 #SINGAPORE PowerCred processing 40,000 loans / day, expands to# Philippines, #Malaysia 🇹🇭 #THAILAND LINE MAN Wongnai revenue ▲ 20% 🇮🇳 #INDIA #HNWIs shifted $130B to Singapore in 2023

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“Dubai 🇦🇪 is run like a tech startup”, tweeted by @balajis (a serial entrepreneur) during his meeting with world’s first AI minister His Excellency Omar Al Olama and Bryan Johnson. If you run a company, learn from these principles as they drive mindset towards- Growth, Prosperity, Technological Advancement and obviously Success. 🔴 The union is the foundation :: Collaboration, togetherness, and unity in diversification. 🔴 No one is above the law :: Discrimination does exist in the dictionary. Injustice anywhere is a threat to justice everywhere. Justice delayed is justice denied. 🔴 We are a business capital :: Politically neutral; business-friendly global hub that focuses on creating economic opportunities. 🔴 Three factors drive growth :: (a) credible, resilient, and excellent government (b) active, fair, and open private sector (c) generate profitability, resources, and future-proof avenues. 🔴 Our society has a unique personality :: Respectfulness, openness & tolerance. Away from discrimination and bias. 🔴 We believe in economic diversification :: Create productive new economic sector every three years, create jobs, contribute to GDP and prevailing productivity everywhere. 🔴 A land for talent :: Attract skilled and talented people; nurture the brightest minds to generate innovative ideas. Continually review and renew policies & procedures to ensure appeal to talented individuals. 🔴 We care about future generations :: Invest and create valuable assets for future generation. Focus today on ensuring the prosperity of our future generations. Comprehend these principles here - https://lnkd.in/dNPztxiz #Dubai #UAE #Startup #Entrepreneurship #ArtificialIntelligence #AI #Technology

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We're delighted to feature Salvador Anglada, CEO of e& enterprise, on the cover of October's edition of Intelligent CXO. Anglada speaks about how Middle East’s surge of investment in AI is a tremendous opportunity for growth and innovation. He explains how the future of the Middle East is closely intertwined with AI and fuelling innovation across industries. According to a G-P report, nearly three-quarters of leaders are eager to hire international talent, but many often struggle with getting expansion right. The new series on Netflix of Emily in Paris serves as a timely reminder for these businesses to understand the significance of cultural differences, cross-collaboration and strategic planning for successful international expansion. Laura Maffucci, Head of HR at G-P, explores top tips for hiring and managing a global workforce. Companies can be quick to implement a new technology but are not always as quick to provide training. Travel managers have faced more challenging conditions over the last 12 months with travel disruptions commonplace. In this issue, Paul Dear, Regional Vice President – Supplier Services EMEA from SAP Concur, outlines how important upskilling is in the travel industry That's just a snippet of what we have to offer in this month's magazine. Want to get ahead in your industry? Read the full magazine in the link https://lnkd.in/ersjNk7w If you'd like to feature in the next issue of Intelligent CXO, contact our Managing Editor, Rebecca Miles at [email protected]

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In Saudi Arabia, we’re witnessing a surge in fintech startups, driven by a young, tech-savvy population and a supportive regulatory environment. The future of fintech in Saudi Arabia holds huge potential to be truly transformative. As part of #Vision2030, the country wants to establish at least 525 fintech companies and create 18,000 fintech job opportunities. Last year the number of people estimated to be working in the Kingdom’s fintech sector amounted to 5,400. One of the most significant developments in this space is the rise of Buy Now, Pay Later (BNPL) services. These fintech solutions are gaining popularity in Saudi Arabia, offering consumers more flexibility in managing their finances. #BNPL services are particularly appealing to younger generations who prefer cashless transactions and are looking for convenient, interest-free payment options. This shift in consumer behavior is pushing traditional financial institutions to adapt and innovate, ensuring they remain relevant in a market that is increasingly dynamic. Many start-ups are emerging in the sector offering solutions which enhance customer experience and also offer traditional banking solutions. It’s an exciting space to watch and be part of. https://lnkd.in/dVCAHhzt #Fintech #FinancialInnovation #SaudiArabia #DigitalEconomy #Vision2030

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In Tahseen Consulting's #MENA+ #techpolicy insight, you'll read about the #UAE’s DUBAI FUTURE FOUNDATION launching the One Million Prompters initiative, IBM working with #SaudiArabia’s SDAIA | سدايا on an #opensource Arabic LLM, #Egypt’s EFG Holding buying a stake in #Denmark’s KENZI, Punjab’s social media defamation law facing pushback in #Pakistan, Apparel Group opening 200 R&B Fashion stores in the #GCC and India, #MENA startups raising #VC funding despite push for profitability, #Vietnam asking manufacturers like Foxconn to reduce power use, #SoutheastAsia Q1 #PE deal value ▲ 31%, and #India developing an AI #foundationalmodel. 🇦🇪 #UAE First Abu Dhabi Bank (FAB) in talks to acquire Koç Holding's stake in Yapı Kredi 🇸🇦 #KSA   Principal Buyer | Saudi Power Procurement Company to set record for lowest cost wind power 🇪🇬 #EGYPT Huawei launches Arabic #LLM, #datacenter for 28 countries in #Africa 🇵🇰 #PAKISTAN is considering a #startup tax exemption 🌍 #GCC UAE-listed banks lead with 5.6% QoQ growth 🇰🇼 #KUWAIT to pursue key reforms with National Assembly pause 🌏 #SoutheastAsia Temasek, Warburg Pincus LLC buy Specialist Risk Group for $1.3B 🇮🇩 #INDONESIA #OTT platforms oppose #broadcasting bill 🇮🇳 #INDIA $1T #digitaleconomy target pushed to FY28

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China's Telecommunications Rise: Strengthening Ties with the UAE Sheikh Zayed’s historic visit to China in 1990 laid the foundation for a longstanding relationship between China and the UAE, focused on economic collaboration and mutual respect. This diplomatic outreach was a forward-looking strategy, creating a framework for partnerships that have since strengthened both nations. Today, Chinese influence is especially visible in telecommunications and private mobile radio (PMR) technologies. Shenzhen leads as a hub for PMR innovation, with companies like Hytera, Kirisun, and Inrico. Now, Dubai has emerged as the second most significant city globally for the PMR industry, driven by its international business environment, advanced infrastructure, and strategic location as a business hub. As noted in a recent analysis, Dubai’s hospitality sector alone invests over $44 million annually in PMR communication systems to support its booming tourism and business travel industries. Chinese PMR companies, having established offices in Dubai, serve a range of industries, including hospitality, highlighting the UAE’s strategic significance as both a destination and a global player in communication solutions.

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Saeed Al Gergawi, Vice President of the Dubai Chamber of Digital Economy, talks about the importance of our participation today at the Global Prompt Engineering Championship, the world's biggest AI prompt challenge, as the Strategic Partner. Learn more in this video. 
#DubaiChamberOfDigitalEconomy #FutureInFocus DUBAI FUTURE FOUNDATION

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Aramco Digital is in talks to invest about $1 billion in Mavenir and a deal is likely to be signed before the end of the year, the sources said, cautioning that a transaction is not guaranteed. The deal by Aramco Digital, the wholly-owned technology subsidiary of the oil giant, would be its first major transaction in the telecommunications industry as part of Saudi Arabia's Vision 2030 plan, which focuses on technological advancements and economic diversification. The telecom equipment industry, which has long been dominated by vendors such as Sweden's Ericssono, Finland's Nokia and China's Huawei, is one of the few critical areas where U.S. companies do not have a significant presence. https://lnkd.in/d4_afV4f

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In Tahseen Consulting's #MENA+ #techpolicy insight, you'll read about the #UAE’s ADNOC Distribution targeting 200 #EV #fastchargers by the EOY, #SaudiArabia’s MIS - Al Moammar Information Systems Co. investing in xAI, #Egypt’s The Sovereign Fund of Egypt planning a #telecom subfund, #Pakistan’s Pakistan Telecommunication Authority (PTA) delaying its decision on #mobilephone import taxes, Gulf Islamic Investments (GII) and LogiPoint investing $300M in a GCC logistics JV, the AMEDA - Africa and Middle East Depositories Association establishing a #MENA #datacenter, #Singapore helping 50,000 #SMEs adopt #AI through the Digital Enterprise Blueprint initiative, Apple opening a store in #Malaysia, and #India’s Ministry of Electronics and Information Technology studying time, spending limits for #gaming by children. 🇦🇪 #UAE MBZ meets Samsung Electronics, SK Group, Hanwha Group ahead of #Korea summit 🇸🇦 #KSA Public Investment Fund (PIF) to invest $2B in Lenovo via Alat convertible issue 🇪🇬 #EGYPT, UAE continue #RasElHekma talks on an additional $150B investment 🇵🇰 #PAKISTAN New 5-year #ecommerce roadmap under development 🌍 #GCC healthcare market to ▲ to $135B by 2027 🇴🇲 #OMAN to launch a new low-cost airline 🇲🇾 #MALAYSIA targets $107B in #semiconductor investments, 10 local companies 🇮🇩 #INDONESIA revives plan for #socialmedia council 🇮🇳 #INDIA Exports to hit $835B+ by 2030 due to China + 1 policy

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In Tahseen Consulting's #MENA+ #techpolicy insight, you'll read about the #UAE’s $8.2B rainwater collection project, #SaudiArabia signing a $1.5B power plant deal with Siemens Energy, #Egypt ▲ daily power cuts to 3 hours, #Pakistan's draft #drone regulations, #Oman investing $30M+ in a Film City, #Morocco and the US launching a new UN #AI development group, talent shortages and ecosystem gaps emerging in #SoutheastAsia's AI sector, #Thailand easing #ESG fund rules, and #India's #ONDC introducing transaction charges. 🇦🇪 #UAE SingAuto Pte Ltd to build world’s largest #EV industrial district 🇸🇦 #KSA to be the world’s largest construction market by 2028 🇪🇬 #EGYPT ratifies hospital privatization bill 🇵🇰 #PAKISTAN to focus on #semiconductors, #AI, #quantumtech 🇧🇭 #BAHRAIN, Egypt, #China partner on #lunar mission 🌍 #MENA #UAE makes up ~50% of #FDI inflows 🇹🇷 #TURKEY Google to testify before the Parliament Digital Services Committee 🇹🇷 #TURKEY Getir to restructure, Mubadala to lead a $250M financing to acquire its #qcommerce business 🌏 #SoutheastAsia #BigTech, Grab, Sea to see continued growth despite challenges 🇲🇾 #MALAYSIA's #Socialmedia licensing rules face pushback 🇮🇳 #INDIA 37 #IPOs in H1, highest in 17 years

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#TechcoInsights from FutureNet World MENA! 🌟 Franco Messori highlights in an executive interview how CSPs are leveraging B2B services to maximize the monetization potential of their 5G and advanced networks. Stay tuned for the full interview release in the coming days! #FuturenetWorldMENA #TelecomInnovation

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In Tahseen Consulting's #MENA+ #techpolicy insight, you'll read about DP World building the world’s biggest food #logistics zone in the #UAE, #China seeking more investment from #SaudiArabia's Public Investment Fund (PIF), #Egypt's #inflation easing for the 4th month in a row, #Pakistan considering shutting its #SWF to seal #IMF bailout, #EV maker VINFAST tapping the #MENA's green push for expansion, #Qatar enabling #UPI payments, #Malaysia amending its #PDPA, #SoutheastAsia getting its 1st cross-border #SEZ, and #India needing 1M engineers over the next 3 years. 🇦🇪 #UAE First Abu Dhabi Bank (FAB) denies $5B YES BANK acquisition talks 🇸🇦 #KSA to build world’s tallest sports tower 🇪🇬 #EGYPT Digital exports ▲to $6.2B, up 47% YoY 🇵🇰 #PAKISTAN #PITB to partner with MCB Bank Limited, Mastercard on #payments 🇧🇭 #BAHRAIN launches #cybersecurity campaign 🇲🇦 #MOROCCO to ramp up crackdown on unlicensed #ridehailing services 🇹🇷 #TURKEY Personal Data Protection Agency regulation sets global #personaldata transfer standards 🇹🇷 #TURKEY BytePlus - the enterprise tech arm of ByteDance - starts operations 🌏 #SEA #VC funding ▼ 11% in June 🇸🇬 #SINGAPORE regulatory scrutiny drives #HWNIs to return to Hong Kong 🇮🇳 #INDIA #Tech giants to pay news publishers under planned law

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UAE and UN at the Forefront of AI Enablement for Digital Transformation and Sustainable Development The UNDP and the UAE have launched the AI4SD platform, to accelerate progress toward the Sustainable Development Goals (SDGs) across the 22 Arab League member states. A key feature of the AI4SD platform is an open-source AI API, allowing developers and organizations to access AI models and tools for sustainable development projects. e& (formerly Etisalat) plays a crucial role in this partnership. They enhance initiatives like the Arab Knowledge Project, support financial inclusion projects in Egypt, and develop the Climate & Natural Disaster Crises (CNDC) Platform to improve climate resilience through AI. Together, this collaboration aims to empower policymakers and businesses while fostering sustainable development across the Arab states. Exciting times ahead for digital transformation! 🌍 This follows several other global initiatives, such as: . AI for the Global Goals by Google, providing $25m in grants to organizations leveraging AI for SDGs, . Cisco's AI Initiatives, which include a $1bn investment fund for developing secure AI solutions and launching the AI Unveiled series to empower organizations in crafting effective AI strategies. . The AI Hub for Sustainable Development, announced by the G7, promoting AI applications that address global challenges through collaboration, . Stream Ocean, employing AI for real-time monitoring of marine biodiversity, . Pano AI, utilizing AI technology to detect and classify wildfires in real time, All these initiatives highlight a growing commitment to harnessing AI for sustainable development and addressing pressing environmental challenges. #DigitalTransformation  #digitaleconomy #Telecom #AI #SustainableDevelopment #SDG https://www.ai4sd.org/

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“Does Saudi Arabia’s massive tech investments mean anything for everyday entrepreneurs?” Ali Raza, Chief Investment Officer at Saudi Arabia Holding Co., recently tackled this question. While global giants like Microsoft and Google dominate the headlines, Saudi Arabia’s venture ecosystem is also fueling local innovation. Initiatives like SVC ($3.6B under management), Jada Fund of Funds ($1B), and Wa'ed Ventures ($7B by aramco) are channeling resources toward startups and SMEs. Recent successes, such as fintech startup Tamara achieving unicorn status, highlight this ecosystem’s growth. Raza emphasizes, “Talent, inspiration, knowledge, and capital are key. Saudi’s public vision is creating fertile ground for entrepreneurs to thrive.” With entrepreneurial intent at its highest in eight years, the Kingdom is shaping a vibrant future for local startups. https://smashi.tv/en/home

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Startup growth in the Middle East and Africa In May 2024, the Middle East and North Africa (MENA) region saw an unprecedented surge in startup investment, with 40 startups raising a total of $282 million. This remarkable achievement represents a 413% increase from April’s $55 million. This significant increase in funding underlines the growing importance of the region in the global startup ecosystem and signals strong investor confidence. However, it is important to note that despite this impressive month-on-month growth, the deal value has declined significantly year-over-year by 58% from $445 million in May 2023. Record deals and dominance of debt financing May’s investment landscape was dominated by large deals and debt financing. Leading Property Finder landed its biggest deal ever, worth $90 million. Other notable transactions include Huspy’s significant funding round, which topped $37 million in Series A funding since 2022, as well as Keyper’s $34 million pre-Series A funding, of which $30 million came from debt financing. UAE leads investment in the Middle East and North Africa In May 2024, the United Arab Emirates (UAE) became the undisputed leader in startup investment in the Middle East and North Africa region. UAE startups have amassed a staggering $189 million through 23 transactions, eclipsing other countries in the region. Saudi Arabia followed, raising $56 million across 10 deals, while Egyptian startups raised $24.5 million across four deals. A significant portion of Egypt’s total came from OneOrder’s $16 million Series A round, which combined both debt and equity financing. Bahrain’s Investcorp closed its Investcorp Technology Partners V (ITP V) fund at $570 million, while Shorooq Partners and Korea’s IMM Investment Global (IMMG) launched a $100 million fund. Singapore-based venture capital firm Golden Gate Ventures has also launched a $100 million MENA fund, while Saudi Arabia-based HRtech Qsalary has partnered with Itqan Capital to launch an $80 million investment fund. Golden Gate Ventures managers Vinnie Lauria Founding Partner Golden Gate Ventures | Tsinghua EMBA Candidate | Kauffman Fellow | Endeavor Mentor Jeffrey Paine Managing Partner & Cofounder, Golden Gate Ventures, interested in using Machine Learning to select investments Jeffrey Chua Principal at Golden Gate Ventures Justin Hall Partner at Golden Gate Ventures Michael Lintss Partner at Golden Gate Ventures Paul Bragiel enjoys working with creative people Golden Gate Ventures ranked 6988 by Crunchbase Saudi Arabia Startups Network Fund for Development What does the ministry think about this direction in the economy? #GoldenGateVentures #MENAFund1 #QatarStartups #InnovationInvestment #EntrepreneurialSpirit #uae #mena #fintech #Crunchbase #in5 #dic #DubaiInternetCity #technology #b2b #startups #software #Entrepreneurship #development https://lnkd.in/gdmGQuWk

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