News

Oracle Plans Dubai Expansion And Cloud Infrastructure Upgrade

The company is working to meet surging worldwide demand and is set to expand its presence across the wider region.

Published

1 year ago

January 23, 2024

Nour Nasir

Oracle

Oracle is set to expand its presence in Dubai as part of a broader strategy to bolster its cloud infrastructure in the Middle East in the midst of the region’s ongoing digital transformation.

The forthcoming expansion of Oracle’s Dubai office aims to provide customers with the opportunity to explore the future of their businesses through cutting-edge AI and cloud technologies.

A pivotal aspect of the expansion entails the development of a state-of-the-art customer experience center within Oracle’s Dubai facility. This center will not only serve as a showcase for innovative AI and cloud technologies but also feature futuristic workspaces designed to enhance employee productivity.

Presently, Oracle operates three live cloud regions in the Middle East, distributed across Abu Dhabi, Dubai, and Jeddah. Additionally, they have plans to establish two more in Riyadh and Neom, Saudi Arabia’s emerging high-tech city, to meet escalating demand.

While no specific timeline was provided for the launch of these upcoming cloud regions, it is evident that cloud adoption in the Middle East is thriving. A tech-savvy younger generation and government efforts to shape the digital future of their economies have spurred global cloud providers, including Oracle, Microsoft, Amazon, IBM, and Alibaba Cloud, to invest in the region.

Also Read: Saudi Arabia Plans Huge Adventure Tourism Oil Rig Facility

Although Oracle refrains from disclosing market share figures, recent industry data suggests Oracle has a 2% global market share, ranking eighth. Notably, Amazon Web Services leads with 32%, followed by Microsoft Azure with 22%, and Google Cloud with 11%.

As part of its commitment to fostering AI skills, Oracle has also partnered with the Dubai Business Women Council to launch the sAIdaty initiative, designed to empower women professionals and entrepreneurs. The year-long program aims to equip 500 council members with AI skills, contributing not only to their professional growth but also to the UAE’s digital economy objectives.

Related Topics:Cloud Computing Dubai Oracle

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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.

Published

1 day ago

June 19, 2025

Nour Nasir

stake powers instant payouts with checkout.com pay to card

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.

Also Read: Binance Enters Syrian Market As Sanctions Lifted

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.