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IBM Opens New Doha Office To Support Qatar’s Digital Growth

The move is a significant step for the company as it deepens its presence in a market with huge growth potential.

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ibm opens new doha office to support qatar's digital growth

IBM has officially opened its new office in Al Mana Tower, situated in Doha’s Corniche area. The inauguration ceremony was attended by key figures, including H.E. Mohammed bin Ali Al Mannai, Qatar’s Minister of Communications and Information Technology, U.S. Ambassador Timmy Davis, and IBM executives Shukri Eid and Wissam Shmait. Local business partners and clients also joined the event, which took place during the Qatar Global AI Summit.

This new office marks a significant step in IBM’s strategy to deepen its presence in Qatar — a market with tremendous potential for growth. With the goals of Qatar National Vision 2030 and the Digital Agenda 2030 shaping the country’s ambitions, IBM aims to contribute to Qatar’s ongoing digital transformation by delivering cutting-edge solutions and advisory services directly from its Doha base.

Speaking about this development, Sami Mohammed Al Shammari, Assistant Undersecretary for Infrastructure and Operations Affairs at Qatar’s Ministry of Communications and Information Technology, emphasized the importance of IBM’s role. “We are pleased to witness the expansion of IBM’s presence in the State of Qatar and its role in supporting our journey towards building an advanced digital future,” he said. He described the move as more than a commercial investment, highlighting its potential to empower key industries and foster stronger collaboration between Qatar’s public and private sectors. He added that this partnership aligns with the country’s vision of building a robust digital infrastructure and advancing a knowledge-based economy.

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IBM’s regional leader, Shukri Eid, echoed these sentiments. “The opening of our new office in Qatar reflects IBM’s commitment to supporting the country’s accelerated digital transformation journey,” he said. He underscored IBM’s focus on driving innovation and equipping clients with advanced technological solutions to help realize Qatar’s digital ambitions.

The new office not only strengthens IBM’s ties with local businesses and government entities but also positions the tech corporation as a key player in the ongoing development of Qatar’s digital ecosystem. By fostering innovation and driving technological adoption, IBM will be ideally poised to play a central role in the country’s broader goals for digital advancement.

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Daleel Expands To UAE, Tapping Into $44B Finance Market

The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.

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daleel expands to uae tapping into $44 billion finance market

Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.

The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.

daleel expands to uae

Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.

Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.

Also Read: How (And Why) To Start A Tech Business In Dubai

Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.

Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.

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