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IDC Saudi Arabia CIO Summit 2022 Will Explore KSA’s Digital Transformation

The two-day event will explore the Kingdom’s accelerated pace of innovation, its evolving technology landscape, and present-day strategies.

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idc saudi arabia cio summit 2022 will explore ksa's digital transformation

Saudi Arabia is undergoing a remarkable digital transformation guided by its Saudi Vision 2030 strategic framework, whose overarching goal is to lessen the country’s dependence on oil by diversifying its economy and enhancing innovation. The IDC Saudi Arabia CIO Summit 2022 edition will explore the Kingdom’s digital transformation over the course of two days filled with discussions, panel sessions, and keynote presentations from regional and global technology experts alike.

“This event will explore the Kingdom’s accelerated pace of innovation, its evolving technology landscape, and present-day strategies that the country’s organizations are implementing to transform into digitally resilient future enterprises,” states International Data Corporation (IDC) on its website.

The in-person event will be hosted on September 19 & 20, 2022 at the Fairmont Hotel Riyadh, a luxurious five-star hotel located in the Business Gate Complex, and those who would like to attend it can register free of charge to learn how the Kingdom’s CIOs and their international partners are building resilient digital infrastructures to make Saudi Arabia a leading ICT nation within the next decade.

Hamza Naqshbandi, Associate Vice President (Saudi Arabia & Bahrain) at IDC, will kick off the event with a welcome address, and his speech will be followed by a talk about tech strategies for a digital-first world given by Steven Frantzen, IDC’s Senior Vice President & Regional Managing Director (EMEA).

The long list of confirmed speakers who will share their valuable experience with the attendees of the IDC Saudi Arabia CIO Summit 2022 edition includes experts in the field, respected practitioners, and leaders from the industry, including:

  • Jason Roos, CIO of King Abdullah University of Science and Technology (KAUST).
  • Phil Andrews, Regional Vice President of Northern and Eastern Europe for Red Hat.
  • Stephane Monboisset, Business Development Manager at Fortinet.
  • Zaid Ghattas, Senior Commercial Lead at AMD.
  • Turki Aldahmash, Executive Director of Business Technology (CTO) at National Center for Performance Measurement (Adaa).
  • Neil Harbisson, the world’s first officially recognized human cyborg.

In addition to its main agenda, the IDC Saudi Arabia CIO Summit 2022 edition will also play host to the IDC Excellence Awards to recognize the efforts of the country’s leading technology executives across 3 categories (CISO of the Year, CIO of the Year, and Women in Technology & Business), with a winner and 10 finalists named in each. A live awards ceremony will be held on Day 2 and hosted on a virtual platform.

As a premier global provider of market intelligence, advisory services, and events for the information technology sector, IDC is deeply familiar with the impact of technology on the world around us. Its worldwide network of 1,300 analysts spans 110 countries, helping public and private sector decision-makers alike make fact-based technology decisions to achieve their key business objectives.

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Dirham-Backed Stablecoin DDSC Enters Live Phase In UAE

Central Bank approval moves the dirham-backed token into deployment, targeting regulated payments and settlement flows.

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dirham-backed stablecoin ddsc enters live phase in uae

The UAE has cleared the launch of DDSC, a dirham-backed stablecoin now entering live operation after approval from the Central Bank. The move pushes the project beyond its pilot phase and into the country’s regulated financial system.

The token is backed by a consortium led by IHC, Sirius International Holding and First Abu Dhabi Bank (FAB), framing it as an institutional instrument rather than a consumer crypto product. DDSC was first announced in April 2025, but regulatory clearance now allows deployment and integration across approved channels.

DDSC runs on ADI Chain, a Layer 2 blockchain built by the Abu Dhabi-based ADI Foundation. The infrastructure is designed for governance and performance requirements expected by large institutions, linking blockchain settlement with existing compliance and oversight frameworks.

The focus is practical, targeting treasury settlements, high-value payments, trade and supply-chain transactions, and programmable financial flows for regulated entities. FAB plans to offer access to the token through approved platforms for its clients, keeping the rollout inside controlled banking environments.

“DDSC marks a defining milestone in the UAE’s digital finance journey,” said Syed Basar Shueb, CEO of IHC. “With the Central Bank’s approval and our transition into live operation, we are delivering trusted, institutional-grade infrastructure that strengthens resilience, accelerates innovation, and expands what is possible in regulated digital payments”.

Also Read: Basatne Debuts ORBT Platform For Digital Refunds In UAE

FAB says the project reflects how stablecoins can sit within traditional finance when risk controls are built in from the outset. “This milestone underscores that stablecoins can be integrated responsibly into the financial system when built to meet rigorous regulatory and risk requirements,” said Futoon Hamdan AlMazrouei, Group Head of Personal, Business, Wealth and Privileged Client Banking Group at FAB.

The launch reinforces the UAE’s strategy of pushing digital finance through regulation instead of open-ended crypto experimentation. Stablecoins in this model are positioned less as trading assets and more as programmable extensions of national currency, aimed at institutional scale and government use cases.

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