Technology
GITEX to unveil new Startup Movement
GITEX Technology Week will launch and host GITEX STARTUP MOVEMENT, one of the most global startup gatherings in the world with over 30 countries represented, as it brings together entrepreneurs, innovators, investors, mentors and buyers for the first time in Dubai.
The GITEX STARTUP MOVEMENT will convene over 400 startups and more than 1,000 entrepreneurs, investors and mentors from the global startup ecosystem. The exclusive set-up will highlight the most innovative startups around the world and provide them a platform to sell, form partnerships and attract investors. Participants will also be able to pitch for prizes, attend an interactive conference to address challenges faced by entrepreneurs and meet leading industry figures. The initiative has already garnered tremendous interest and momentum from supporters across the globe including Business France, Cross Trade agency in Singapore, Digi Robotics in the UAE, Egypt’s Information Technology Industry Development Agency (ITIDA), Japan’s Jetro agency, Marco Trade Export in Morocco, Star Systems agency in Iran and STC from KSA.
Amjad Shacker, Corporate Communication GM at STC, commented, “InspireU is an STC initiative to promote, support and develop digital startups and nurture and consolidate the startup ecosystem in the MENA region and create sustainable value. We believe that “to inspire is to empower” and we do that by providing the directions and tools to budding entrepreneurs to achieve their dreams. STC strongly supports the launch of the GITEX Startup Movement and is proud to co-present the top tier prize of the event to the best global startup.”
“The need for local and regional startup ecosystem consolidation, learning from global best practices, and exposure to global investment network, is imminently evident. STC considers GITEX Startup Movement addressing this need; it will help regional players to learn and mature as well as expose them to the global buyers and investors. STC will showcase the achievements of InspireU by showcasing its incubatees, connect them to the broader network, attract future deal flow and share the roadmap for the future. STC is participating in the Global Startup Movement to inspire and be inspired,” said Shacker.
Eric Morand, Director of Tech & Innovative Services Division at Business France, said, “Business France, as a loyal exhibitor of the GITEX Technology Week, is very happy to be part of the GITEX Startup Movement. We are certain that this new movement will gather regional startup ecosystem as well as well as the global startup ecosystem. This will be therefore, the perfect platform to introduce the French Tech initiative, which proved to be a success in events such as CES, Web summit, 4YFN, etc.”
The Arab world has a burgeoning youth demographic. More than 60 per cent of the 350 million population is under the age of 25. Young millennial Arabs are online, mobile, using technology and becoming entrepreneurs with the strong support of government initiatives. The UAE leads the way in the region on revolutionary smart cities transformation and diversification of economies. Across Middle East & Africa, entrepreneurs are at the heart of the digital revolution as ICT spending increases across the region.
“Startups from all over the globe, women, youth and Arab entrepreneurs are a very real force of change that is making a positive impact in our society. They need supportive ecosystems to nurture and enable their growth and success. GITEX Technology Week has a strong legacy as one of the leading international tech events and is uniquely positioned to turn the spotlight on startups. With a force of 146,000 technology professionals and 22,000 C-suite executives at GITEX, Startups gain immediate access to a powerful industry network and massive technology marketplace, entry into growth markets in Middle East & Africa, and can future-proof their business plans, products and services.” said Trixie LohMirmand, Senior Vice-President, Exhibitions and Events Management, Dubai World Trade Centre.
“The Tesla Foundation is proud to be a part of the GITEX Startup Movement. The foundation is focused on building the bridge between private and public organizations to create new technologies and companies and the Middle East & Africa presents a unique opportunity. We have been graced with the strength of government support and the burgeoning entrepreneur scene that is in the region. As a science and technology Foundation focused on robotics and automation, “Cyber-Physical Systems,” GITEX enables us to expand our network by connecting with innovators, entrepreneurs, and companies to include in the Tesla STEM (Science, Technology, Engineering, and Mathematics) Farm System,” said Keith Kaplan, CEO Tesla Foundation.
An automotive company founded in 2003 by a group of engineers in Silicon Valley who wanted to prove that electric cars could be better than gasoline-powered cars, Tesla is also -a technology and design company with a focus on energy innovation.
The public sector in the UAE is already committed to facilitating a conducive environment for entrepreneurship through its AED 2 billion knowledge fund, which is part of the country’s National Innovation Strategy, and aims to accelerate the startup movement towards a sustainable knowledge-based economy.
Further positive announcements such as the establishment of venture firm 500 Startups’ US$30 million fund in the Middle East and North Africa, Uber’s US$ 250 million investment in the region and home grown UAE startup, Souq.com who recently secured US$ 275 million investment to be the highest valued internet company in the Middle East, are testaments to rising MENA entrepreneurship scene where vibrant and growing economies present untapped and unchartered opportunities.
The rise in the number of exits in the region has also garnered the attention and interest of serious venture capitalists, proving that the savvy investor stands to gain by investing in the region. In 2015, high-profile exits include Turkey’s food delivery startup Yemeksepti that sold for US$589 million, Kuwait’s Talabat.com that sold for US$170 million and Fawry, an electronic payment platform that sold for US$100 million.
GITEX STARTUP MOVEMENT will form the centrepiece of the 2016 edition with emerging technologies sectors in the region equally set to benefit, as the event will showcase IoT applications, next-gen technologies and digital marketing solutions that are expected to revolutionise the global economy by 2025.
The Middle East, through its early adoption of emerging and next-gen technologies is poised to benefit from the global industrial shift and startup organisations in the region are well positioned to become innovators and leaders. The region is already projected to spend around US$60 billion on 3D Printing, Robotics, Drones, Digital Marketing and Smart Living/Wearables by 2020.
As the Middle East embarks upon rapid transformations towards Smart Cities, the demand for innovative solutions is ever increasing. GITEX STARTUP MOVEMENT will connect entrepreneurs with key government buyers, VCs, angel investors, seed capital and mentors from around the world.
“The marketplace is wide open for disruption and innovation by both established technology providers and startups. Technology buyers are hungry to differentiate themselves from their competition. They are open to be early adopters of technology that can revolutionize their customer experience or open up new market possibilities in key industries such as retail, healthcare, education, finance, travel and energy. GITEX STARTUP MOVEMENT will provide that breadth and depth of technology and services for all our trade visitors invested in innovation and enterprise,” LohMirmand said.
Delegates will be have the opportunity to visit country zones and showcase pods that will feature the most exciting startups offering drones & robotics; IoT, AR, VR & AI; finance; retail; healthcare; education; energy; travel & hospitality; media & marketing; and transport & logistics, to name a few.
GITEX Technology Week will feature dedicated zones that will showcase exhibitors and live demonstrations of emerging solutions and providers from 3D Printing, Robotics, Drones, Digital Marketing, Wearables and IoT and Smart Living, as well as industry Vertical Days to streamline the visitor experience looking for specialist knowledge. GITEX brings together, leaders, influencers and innovators from the industry and a compelling programme of networking sessions.
GITEX Technology Week is expected to attract more than 146,000 visitors from over 140 countries, including 22,000 C-suite executives and 3,500 exhibitors from 55 countries.
GITEX Technology Week runs from 16-20 October 2016 at Dubai World Trade Centre (DWTC).
Tech News
Samsung Galaxy Watch8 Series: Ultra Comfort, from Sleep to Workout

Samsung Electronics Co., Ltd. has introduced the Galaxy Watch8 and Galaxy Watch8 Classic, establishing an iconic design identity across the entire Galaxy Watch lineup. Building on the Galaxy Watch Ultra’s cushion design, this new series features the thinnest, most comfortable Galaxy Watch ever for continuous health tracking. The Galaxy Watch8 series caters to diverse lifestyles and introduces advanced capabilities, setting a new benchmark for style and personalized health experiences.
“We are committed to empowering billions of people to live healthier lives through our innovative technology,” said TM Roh, President and Acting Head of the Device eXperience (DX) Division at Samsung Electronics. “By combining purposeful design with advanced sensor technology and an intuitive AI-powered experience, the Galaxy Watch8 series serves as a starting point for a healthier, more connected life, making it easier than ever to take meaningful steps toward users’ well-being.”
Redesigned Inside and Out for Ultimate Wellness
Reimagined in both form and function, the Galaxy Watch8 series delivers unmatched comfort alongside industry-leading performance, making it the ultimate companion for everyday wellness. The distinctive cushion design, introduced with the Galaxy Watch Ultra, now defines the entire lineup. The internal structure of Galaxy Watch8 has been completely reengineered with a 30% improvement in component mounting capability, resulting in an 11% thinner design. Combined with the Dynamic Lug system, the watch moves naturally with the wrist for improved comfort, stability and health-tracking accuracy.
Despite its sleek profile, Galaxy Watch8 offers powerful performance. Outdoors in bright sunlight, the display is 50% brighter with a peak brightness of 3,000 nits for better visibility. Enhanced battery performance ensures it can keep pace with an active lifestyle. Dual-frequency GPS offers more detailed and precise location tracking, and a new 3nm processor delivers faster speeds and greater power efficiency. The upgraded BioActive Sensor allows deeper and more accurate health insights, offering users a holistic view of their well-being.

Motivation for Lasting Health Changes
Samsung continues to elevate sleep experiences by offering personalized coaching, optimizing sleep environments, and detecting moderate to severe signs of sleep apnea. The Galaxy Watch8 series introduces unique health features through the Samsung Health app to encourage healthy habits with instant, motivational insights across sleep, nutrition, and workouts.
Bedtime Guidance uses circadian rhythm measurements to suggest optimal sleep times for more refreshed mornings. Vascular Load tracks stress on the vascular system during sleep and provides insights across sleep, stress and activity metrics to support a well-rounded health approach.
In a first for smartwatches, Galaxy Watch8 introduces the Antioxidant Index. It allows users to measure carotenoid levels in just five seconds and empowers better lifestyle decisions for healthy aging.
Whether you’re a new or seasoned runner, the Galaxy Watch8’s Running Coach feature assesses your fitness level from 1 to 10 and develops personalized training plans with real-time guidance and motivation. The updated Together feature now supports running, allowing users to gamify their fitness journey by challenging friends and family.
To help manage stress, High Stress Alert notifies users of sustained stress levels, prompting timely breaks. The Mindfulness Tracker lets users log their mood and access guided breathing exercises, all directly from their wrist.
The AI-powered Energy Score provides a snapshot of both physical and mental energy levels, helping users better manage their day.
Easier Watch Interaction with Wear OS and Gemini
Developed in close collaboration with Google, the Galaxy Watch8 series is the first smartwatch to launch with Gemini, Google’s AI assistant, and is powered by Wear OS 6. Users can interact with Galaxy Watch apps like Samsung Health, Calendar, Reminder, and Clock through natural voice commands. For instance, you can ask Gemini to find a nearby café and text a friend to meet you there, or start a 30-minute workout simply by saying, “Start a 30-minute run.”
With the new One UI 8 Watch, the user interface is optimized for the size and shape of the watch face. Multi-Info Tiles offer quick access to health stats, weather, events and more at a glance. The Now Bar and depthless notifications place key activities front and center.
Tailored to Match Every Lifestyle
Galaxy Watch8, Galaxy Watch8 Classic and the new Galaxy Watch Ultra are available for pre-order in select markets now, with general availability beginning July 25.
The Galaxy Watch8 features a minimalist, everyday wellness-focused design. Available in 44mm and 40mm sizes and in Graphite or Silver, it combines comfort and style. The Galaxy Watch8 Classic offers a more traditional aesthetic with modern features like a rotating bezel and a quick-access button, and comes in 46mm sizes in Black or White. Both models support a wide range of stylish bands to suit different lifestyles.
For outdoor enthusiasts, the Galaxy Watch Ultra is Samsung’s most advanced and durable model yet. It is available in four titanium finishes, including the new Titanium Blue. It boasts the longest battery life and most rugged performance in the lineup.
For those seeking a discreet wearable with continuous health tracking, the Galaxy Ring offers superior comfort and up to seven days of battery life. It is available in Titanium Black, Titanium Silver, and Titanium Gold, and in sizes 5 through 15.
Galaxy Watch8 Series Specifications
Galaxy Watch8 | Galaxy Watch8 Classic | ||
Color | – 44mm: Graphite, Silver – 40mm: Graphite, Silver | 46mm: Black, White | |
Dimension & Weight | – 44mm: 43.7mm x 46mm x 8.6t (34.0g) – 40mm: 40.4mm x 42.7mm x 8.6t (30.0g) | 46mm: 46.4mm x 46mm x 10.6t (63.5g) | |
Display | Sapphire Crystal – 44mm: 1.47-inch (480×480) Super AMOLED, Full Color Always On Display – 40mm: 1.34-inch (438×438) Super AMOLED, Full Color Always On Display | Sapphire Crystal – 46mm: 1.34-inch (438×438) Super AMOLED, Full Color Always On Display | |
Processor | Exynos W1000 (5 Core, 3nm) | ||
Memory & Storage | 2GB memory + 32GB storage | 2GB memory + 64GB storage | |
Battery (typical) | – 44mm: 435mAh – 40mm: 325mAh | 445mAh | |
Charging | Fast Charging (WPC-based wireless charging) | ||
OS | Wear OS Powered by Samsung (Wear OS 6) | ||
UI | One UI 8 Watch | ||
Sensor | Samsung BioActive Sensor (Optical Bio-signal Sensor + Electrical Heart Signal + Bioelectrical Impedance Analysis), Temperature Sensor, Accelerometer, Barometer, Gyro Sensor, Geomagnetic Sensor, Light Sensor | Samsung BioActive Sensor (Optical Bio-signal Sensor + Electrical Heart Signal + Bioelectrical Impedance Analysis), Temperature Sensor, Accelerometer, Barometer, Gyro Sensor, Geomagnetic Sensor, Light Sensor, 3D Hall sensor | |
Connectivity | LTE, Bluetooth 5.3, Wi-Fi 2.4+5GHz, NFC, L1+L5 Dual-Frequency GPS (GPS, Glonass, Beidou, Galileo) | ||
Durability | 5ATM + IP68 / MIL-STD-810H | ||
Compatibility | Android 12.0 or higher and with more than 1.5GB of memory |
Tech Features
AI and Digital Currencies Transform MENA Into Rising Fintech Leader

By Naser Taher, Chairman of MultiBank Group

The Middle East and North Africa (MENA) region has become the leading laboratory for financial innovation, where artificial intelligence (AI), central bank digital currencies (CBDCs), and sovereign wealth fund (SWF) strategies converge to reshape global cash flows. According to the World Economic Forum, venture capital investments in MENA grew by about 33% a year from 2015 to 2023, with funding reaching $644 million in 2024. This surge reflects deliberate efforts to position the region as a fintech powerhouse for the new economy.
One of the most significant developments is the strategic collaboration between the Abu Dhabi Investment Office (ADIO) and the Trump Organization to establish an AI and Web3 Free Zone. The $6.6 billion initiative aims to attract global tech firms, AI researchers, and fintech ventures to the UAE, further cementing MENA’s leadership in next-generation digital infrastructure.
Machine learning algorithms now process trades worth billions on Saudi Arabia’s Tadawul exchange daily, while automated risk assessment systems evaluate loan applications in real time from Dubai to Riyadh. Saudi Arabia’s Financial Sector Development Program has embedded AI throughout its capital markets ecosystem as part of Vision 2030’s broader economic transformation. PwC analysis projects this technological integration will generate almost $135 billion for the country’s economy by 2030, fundamentally altering how banks manage liquidity, assess credit risk, and compete regionally.
Central banks across the Gulf have moved beyond theoretical frameworks into live testing of digital currencies. The UAE’s Digital Dirham is set to enter retail circulation through licensed banks and fintech companies by late 2025, enabling near-instant cross-border payments where traditional banking requires days and charges hefty fees. Meanwhile, Saudi Arabia and the UAE have jointly piloted Project Aber, issuing a single wholesale CBDC.
Gulf SWFs are reshaping the region’s infrastructure landscape, no longer content with simple portfolio plays. These institutions now control $4.9 trillion in assets, with projections reaching $7.3 trillion by 2030. In the first nine months of 2024, they accounted for 40% of all international SWF transactions, deploying $55 billion across 126 deals. Notably, Abu Dhabi’s Investment Authority and Saudi Arabia’s Public Investment Fund (PIF) are increasing allocations to blockchain and digital projects. In Qatar, the Qatar Investment Authority is working through the Qatar Financial Centre’s new Digital Asset Regulations 2024 to trial real-world asset tokenization.
Alongside these public sector moves; private institutions are also innovating on a scale. MultiBank’s new Electronic Communication Network (ECN) will introduce the Gulf’s first interbank trading and prime brokerage ecosystem, linking BRICS and GCC jurisdictions. Designed to compete with Western counterparts such as Bloomberg and Reuters, it connects conventional trading desks to machine-driven order routing and the MultiBank Chain’s tokenization layer. Cross-border deals become faster, safer, and more transparent, with settlements possible in gold or a mix of currencies instead of U.S. dollars alone. By opening the door to tokenized real-world assets and other decentralized products, the network sharpens the Gulf’s bid to serve as a global finance hub.
However, important challenges remain. Fintech ventures still need to navigate a maze of rules that shift from one border to the next; a single, region-wide framework would let ideas—and capital—move faster. As more money flows online, hackers gain fresh openings, and cybersecurity becomes even more critical. And while Gulf youth embrace tech with ease, the GCC needs far more specialists who can work with blockchains, train risk models, and secure CBDC payment rails. That calls for a push on everything from university courses to mid-career reskilling.
The next breakthrough won’t come from technology alone but from how well policymakers, entrepreneurs, and the sovereign heavyweights backing them work in sync. CBDC pilots are live, AI already guides trading desks, and deep pools of patient capital sit ready to fund new ideas. If the region’s key players keep pulling in the same direction, the Gulf won’t just join the digital finance conversation—it could end up leading it.
Tech News
PNY Restructures Middle East and Africa Operations to Support Growth of its Consumer and Professional Solutions
PNY Technologies today announced a strategic restructuring of its operations in the Middle East and Africa (MEA) region to support continued growth across its consumer and professional product lines.
As part of this transformation, PNY is creating two dedicated business divisions:


- * The Channel Division, led by Talus Arukalil, will focus on strengthening distribution channels for NVIDIA graphics products (NVIDIA GeForce and NVIDIA RTX Pro) and retail storage solutions, including SSDs, DRAM, flash cards, and USB drives.
- * The Compute Division, managed by Muhannad Hammad, will drive business development around AI infrastructure and professional services, aligning with the increasing demand for advanced NVIDIA-powered computing solutions across the region.
This reorganization follows the recent opening of a new regional office in Saudi Arabia, reinforcing PNY’s long-term commitment to the Middle East and Africa.
To further enhance regional coverage and ensure the best local support for its customers, PNY had recently assigned dedicated Key Account Managers to specific areas:
- Gader Muhsen for North Africa,
- Saqer Alanazi for Saudi Arabia,
- Kagiso Diteko for East and Southern Africa
PNY is also pleased to welcome Ahmed Gamal as Business Development Manager – AI Solutions, based in Dubai, UAE. His appointment reflects PNY’s dedication to delivering tailored AI solutions and supporting strategic partners across the region.
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