News
Google Launches Largest AI Initiative In The MENA Region
Introduced in Dubai, the program focuses on AI skill-building, funding, and infrastructure, aiming to unlock $320 billion in growth.
At the AI Connect event in Dubai, which saw participation from Omar Sultan Al Olama, UAE Minister of State for AI, as well as other regional leaders and entrepreneurs, Google introduced its AI Opportunity Initiative for the Middle East and North Africa (MENA).
The program is the most extensive AI endeavor in the region and is aimed at expanding access to essential AI skills, research funding, and AI-driven products.
Google.org, the company’s philanthropic division, will allocate $15 million from this year through to 2027 to regional organizations. The funding is intended to broaden AI’s reach, ensuring it supports diverse communities across MENA and includes resources in skill development, research, infrastructure, and product launches in Arabic:
- AI Skill Development: Google is committed to making AI education inclusive and widely available. New educational programs are being launched, focusing on providing an AI Curriculum in Arabic, along with support for underserved communities. In addition, an AI safety education program for young people (ages 11-14) will be funded via a grant to the Raspberry Pi Foundation.
- AI Research & Local Solutions: Since 2005, Google has invested over $400 million globally in research. In the MENA region, Google is supporting local institutions through the startup accelerator startAD to develop AI applications supporting healthcare, education, and climate.
- AI-Powered Tools In Arabic: Google’s Gemini, an AI-powered assistant that understands over 16 Arabic dialects, launched in July 2023. New Arabic features include personalized guidance in learning and career advice, plus language-specific conversational and image-generation tools.
- Infrastructure Investment: Google has reasserted its commitment to cloud infrastructure in MENA, with data regions in Saudi Arabia, Qatar, and Kuwait. A partnership with Saudi Arabia’s Public Investment Fund (PIF) will support this effort with an AI hub to expand AI research and to boost digital skills for regional job growth.
Also Read: Wa’ed Ventures Pledges $100M For Early-Stage AI Startup Funding
Commenting on the project, Ruth Porat, President of Alphabet and Google, stated, “Google’s long-standing investments in the Middle East and North Africa have helped equip people and organizations with the connectivity, innovation, and skills required to thrive in the global digital economy”.
News
NEOPAY Wants To Follow Merchants Across Channels And Borders
A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.
It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.
The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.
For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.
“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.
Also Read: In Kuwait, Your Surgeon Might Be Operating From Another Country
NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.
The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.
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