News
NVIDIA Teams With Ooredoo For Large-Scale Middle East Launch
The move will give local customers access to cutting-edge generative AI technology and comes amid US curbs on chip exports to the region.
NVIDIA has agreed to a deal with Qatari telecoms group Ooredoo that will see the computing corporation’s artificial intelligence technology deployed at data centers in five Middle Eastern locations.
The expansion plans are NVIDIA’s first large-scale foray into a region where Washington has curbed US chip exports to prevent Chinese firms using Middle Eastern countries to gain back door access to cutting-edge AI technology.
Once plans are complete, Ooredoo will be the first company in the region able to offer clients direct access to NVIDIA AI and graphics processing. The telecoms firm currently has data centers in Algeria, Tunisia, Qatar, Oman, Kuwait and the Maldives, though no details have been released on the exact technologies that will be available in individual locations.
In a recent statement, NVIDIA’s senior vice president of telecom, Ronnie Vasishta, explained that the company’s technology will soon allow Ooredoo customers to deploy the latest generative AI applications. Meanwhile, Ooredoo’s CEO, Aziz Aluthman Fakhroo, explained in a recent interview that “B2B clients, thanks to this agreement, will have access to services that probably their competitors (won’t) for another 18 to 24 months”.
Also Read: The Most AI-Proof Career Opportunities In The Middle East
Neither company has disclosed the value of the deal, which was signed at the TM Forum in Copenhagen, Denmark, on June 19. However, we do know that Ooredoo will invest $1 billion to upgrade its regional data center capacity in the near future, while also partitioning its large undersea cable and fiber networks into a separate commercial entity.
News
Stake Powers Instant Payouts With Checkout.com Pay To Card
The new feature lets investors in the UAE, KSA, and UK receive real estate returns in minutes — cutting withdrawal times to under 10 minutes.
Stake, a leading digital real estate investment platform, has unveiled Pay to Card, a next-generation withdrawal feature built on Checkout.com’s global payment infrastructure. The integration enables investors to have dividends and returns credited directly to their bank cards — often within minutes — dramatically reducing the traditional multi-day payout process.
After a successful pilot in May involving over 200 users, some investors reported receiving their funds in under 10 minutes. Ricardo Brizido, CPTO and Co-Founder of Stake, emphasized the importance of speed and reliability: “With Pay to Card, we’re eliminating unnecessary delays and putting returns in our investors’ hands almost instantly. This feature was built to directly solve one of the most common pain points in real estate investing, and it’s already driving strong results”.
The feature launch coincides with rapid growth in real-time finance across the Middle East. Checkout.com’s “State of Digital Commerce in MENA 2025” report highlights a 388% year-on-year surge in Account Funding Transactions (AFTs) in the UAE, reflecting strong demand for immediate payout solutions. The same study recorded a 176% increase in total processing volume from 2023 to 2024 and noted that daily online transactions have jumped 320% since 2020.
Since its 2021 debut, Stake has facilitated over AED 1 billion in property transactions, advancing its mission to democratize real estate investment in high-growth markets. By integrating Pay to Card, Stake reinforces its commitment to customer-centric innovation and operational transparency.
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Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, praised the collaboration: “Stake has always led with customer-first financial experiences. Together, we’re meeting the expectations of a region that is no longer just digital-first, but real-time-first. Pay to Card exemplifies how modern payment infrastructure can directly solve investor pain points”.
Pay to Card is now available to all Stake users in the United Arab Emirates, the Kingdom of Saudi Arabia, and the United Kingdom. By slashing withdrawal times from days to minutes, Stake and Checkout.com are setting a new standard for seamless, on-demand real estate investing.
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