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Qatar’s Capital Aims To Become A Regional Technology Hub
With next year’s Web Summit, Doha hopes to energize its budding startup ecosystem.

On May 4-7, 2024, Qatar will become the first Middle Eastern country to host one of the world’s largest technology conferences. Web Summit, founded in 2009, is among the most popular expos on emerging digital technology and venture capitalism and is expected to draw 7,500 participants, as well as legions of journalists and investors.
Hosting the Web Summit event is highly significant for Qatar, as digital transformation and technology are at the center of the country’s national and global ambitions, with the sector contributing over $3 billion annually to GDP. Officials and investors alike hope that the conference will help to cement Qatar’s position as an important Middle Eastern startup and tech hub.
“Qatar has proved during the World Cup that it can host world-class events. The world now sees Qatar as a sports and tech powerhouse that is not only interested in investing in technology externally but also to accelerate digitization locally,” says Jamal Bdeir, Small and Medium Business Lead, Middle East Cluster, at Microsoft.
The summit should open up an array of opportunities for local startups. At the same time, the Qatar Science & Technology Park will allow international tech firms to learn more about the country’s wide-ranging entrepreneurship ecosystem that supports new businesses using a mixture of tax reductions and modern legislation.
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Besides attracting big tech firms, the upcoming Web Summit has created a considerable buzz in Qatar’s local startup space. Many Doha-based startups that haven’t had the opportunity to showcase their solutions on the global stage will now gain a worldwide platform without having to worry about physical travel.
Ramzan Al Naimi, the founder of local startup hub the Innovation Café, is an enthusiastic supporter of the event, noting: “The conference provides Arab youth and local talent the opportunity to connect with global companies and experts in the technology field, learn from them, and access job and training opportunities”.
The widespread optimism surrounding the event seems to be well-founded. Lisbon has greatly benefited from being a host city and local technology hub, drawing several investors and upcoming startups to Portugal due to the buzz created by the Summit conference.
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Checkout.com Brings Visa Direct Push-To-Card To The UAE
The payment company is the first acquirer in the UAE to launch Visa Direct’s solution, enabling safe, instant money transfers.

Checkout.com has taken the UAE a step closer to its goal of a fully digital economy by becoming the first acquirer in the country to offer Visa Direct’s Push-to-Card solution. The new service will streamline money transfers for both businesses and consumers, enabling near-instant transactions across local and international markets.
Visa Direct connects over 190 markets and supports over 8.5 billion endpoints, including cards, bank accounts, and digital wallets. Push-to-Card transactions enhance efficiency for business users and consumers by allowing money to be sent quickly and easily to eligible Visa cards while leveraging the company’s secure network for reliability.
“Visa Direct is transforming the way money moves globally, and we are excited to see Checkout.com leverage this technology to meet the evolving demands of businesses and individuals alike by offering them a faster, more convenient, and secure way to send and receive funds,” said Shahebaz Khan, Senior Vice President and Head of Commercial and Money Movement Solutions, CEMEA.
The UAE has been at the forefront of digital payment adoption, driven by a national push toward a cashless economy. Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, emphasized this shift: “By providing seamless, secure, and real-time payout capabilities, we’re empowering merchants with the agility to thrive in this fast-evolving landscape, while effectively meeting the growing consumer demand for speed and convenience. The Push-to-Card solution not only reinforces our commitment to powering payment performance but also showcases our agility in bringing yet another innovation to the UAE market.”
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Checkout.com’s latest MENA eCommerce data highlights the region’s increasing engagement with financial technologies, with around 80% of consumers participating in activities beyond basic online payments, such as money transfers and personal wealth management. The growing demand for real-time financial transactions has made fast, seamless payment solutions a priority.
To meet this demand, Account Funding Transactions (AFTs) have gained traction in the UAE. By integrating AFTs with Visa’s Push-to-Card services, Checkout.com is helping merchants offer secure, real-time account top-ups. Currently processing over one million AFTs per month with Visa, Checkout.com is now playing a leading role in modernizing financial transactions in the region.
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