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Dubai’s DMCC Gaming Centre Adds To A $1.8B Industry
The popularity of gaming has exploded across the MENA region, with Dubai aiming to become the regional capital for talented developers and startups.
Dubai’s DMCC (a flagship free trade zone at the center of the Jumeirah Lakes Towers district) has announced the opening of the DMCC Gaming Centre. The move comes as MENA gaming revenues are predicted to top $5 billion by 2025, with Dubai’s own economy increasingly benefiting from a thriving Esports and gaming scene, as well as a concerted push to bring VR and Metaverse startups to the region.
The DMCC is already home to over 50 games companies, with developers, producers, and Esports teams flocking to this increasingly popular destination. Dubai’s world-class infrastructure and unparalleled economic opportunities make the new DMCC gaming center an enticing proposition for startups. Members will gain access to the Esports community through regular networking events, tournaments, and more, along with support from Esports organization YaLLa , and tech ecosystem builder Astrolabs.
Earlier this year, DMCC joined global VC firm Brinc to open up $150 million in accelerator program funding — known as ZK Advancer and The Sandbox Metaverse — as developers continue experimenting with the massive potential of blockchain and web3 technologies.
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“As our roster of gaming companies expands rapidly and we see more DMCC Crypto Centre members enter the blockchain gaming space, there is no better time to formalize our efforts by opening the DMCC Gaming Centre. Through this facility, we will solidify Dubai’s position as a global hub for all gaming and Esports,” says Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC.
Gaming is now the most popular form of digital entertainment worldwide, and research undertaken by DMCC shows that 8 out of 10 people from gen Z and the millennial demographic are gamers. Enthusiasts spend upwards of seven hours each week on their hobby, and 10% of the entire online population now enjoys Esports tournaments.
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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.
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.
