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4Sale Launches New Realty Platform In Kuwait

The premium digital experience will offer commercial and residential property to buy or rent, shaking up Kuwait’s $12 billion real estate market.

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4sale launches new realty platform in kuwait

4Sale, Kuwait’s largest online classifieds platform, has announced the launch of a new real estate experience, 4Sale Realty.

The new realty portal aims to shake up Kuwait’s property sector and revolutionize buying, renting, and selling commercial and residential property.

4Sale Realty will feature immersive interactive 3D tours and an accurate measurement tool to explore the exact dimensions of every listed property. Meanwhile, a team of dedicated agents will manage property listings from end to end, making the platform not just engaging but offering genuine on-the-ground experience of the country’s local markets.

Before the launch of its dedicated Realty platform, 4Sale was already a significant real estate advertiser in Kuwait, hosting over 60,000 listings across the country during 2022 alone.

“We are delighted to launch 4Sale Realty to our customers in Kuwait. Housing demand is projected to rise continuously, and the sector is ripe for technological disruption. We have developed a digital real estate experience to transform the process of buying, selling, and renting property in Kuwait. Part of 4Sale’s rapid growth is driven by a deeper expansion into key verticals – such as real estate, where we already had a strong market position – and I am very excited for consumers to experience it,” said Tarek Sakr, Chief Executive Officer of 4Sale.

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Kuwait continues to invest heavily in cutting-edge technology, and platforms like 4Sale Realty contribute considerably to the growth of the digital economy. The website is already hugely popular, with over 2 million registered users listing 12 million items since its inception.

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Lebanon Ministers Meet Visa Over National Digital Payment Platform

Finance and technology ministers say a comparative study and roadmap will follow before any decision on adopting a model.

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lebanon ministers meet visa over national digital payment platform

Lebanon’s finance and technology ministers met representatives from Visa last week to discuss a proposed unified national digital payment platform for government services, according to a readout from the Ministry of Finance.

The meeting brought together Finance Minister Yassin Jaber, Minister of State for Technology and Artificial Intelligence Kamal Shehadeh, a Visa delegation, and experts from both ministries. Discussion focused on whether Lebanon could establish a single platform through which citizens and institutions would pay taxes, fees, fines and other official transactions electronically, using mobile phones and other digital channels.

The Visa delegation presented examples from countries that have adopted unified government payment platforms, including the United Arab Emirates, Singapore, Estonia and Jordan. According to the readout, the examples were presented as having increased collection rates and expanded financial inclusion.

Talks covered settlement mechanisms, direct transfer to the treasury account, financial reconciliation, risk management, cybersecurity, fees, and an operational model that would involve the private sector. The parties agreed to continue technical and institutional consultations, prepare a comparative study, and develop an implementation roadmap before any decision on adopting a model for Lebanon.

Jaber said the Ministry of Finance had already enabled citizens to pay using credit cards and e-wallets through transfer companies, but described the proposed platform as a further step. He framed the development of electronic payment and collection systems as a priority within the ministry’s modernization plan.

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Shehadeh outlined the citizen-facing concept as a single mobile application through which users could settle obligations to ministries, government institutions and other bodies.

“The idea, in short, is that any citizen downloads an application on their mobile phone, through which they can pay all service obligations for all ministries, government institutions, or those owned by the Lebanese state, and others as well, as the platform is not limited only to state institutions,” he said.

Shehadeh added that the platform would not displace banks and money transfer companies that currently provide collection services to the state, calling it complementary to their work.

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