News

Tech Brand Nothing Enters Saudi Market At Jarir Bookstore

The award-winning Nothing Phone (1) sports a premium aluminum frame and a distinctive LED Glyph Interface.

Published

1 year ago

March 23, 2023

Jarir Bookstore, the Kingdom of Saudi Arabia’s leading consumer tech retailer, has announced an exclusive partnership with UK-based technology brand Nothing, bringing the company’s innovative Phone (1) to the Saudi Arabian market.

The Nothing Phone (1) goes on sale across all Jarir stores from the 1st of March 2023 and will also be available on the company’s website. Through the collaboration, Jarir Bookstore will also offer repair and warranty solutions for all Phone (1) purchases.

“Jarir is excited to partner with another quick-rising tech company offering something unique and different to the Saudi Arabian market. We look forward to bringing the iconic and highly regarded, Nothing tech products to Saudi Arabia,” says Nasser Abdulaziz Alaqeel, COO of Jarir Marketing Co.

The Nothing Phone (1) has received critical acclaim for its innovative design while also scooping a “Best Inventions of 2022” award from TIME magazine for its unique “Glyph Interface” notification system, which uses 900 LED lights to create light patterns for highly-personalized notification alerts.

Nothing Phone (1) Specs

The Nothing Phone (1) is powered by a custom Qualcomm Snapdragon 778G+ processor and sports a 50 MP dual camera, 120Hz OLED display, plus Nothing’s custom version of Android.

There’s a strong and light 100% recycled aluminum frame on the outside, while over 50% of the device’s plastic components are made with recycled materials.

Adding Phone (1) to Jarir’s lineup will help the company stay at the forefront of consumer technology and shows a commitment to providing the latest solutions to Saudi customers. The Nothing Phone (1) is available now at all Jarir branches and online at Jarir.com.

News

du Considers Adding Crypto & Investment Tools To New Service

The company plans to bridge gaps in one of the financial market’s most underserved demographics, according to its CEO.

Published

16 hours ago

April 23, 2024

Nour Nasir

du considers adding crypto and investment tools to new service

The Emirates Integrated Telecommunications Company, better known as Dubai-based du, is contemplating incorporating cryptocurrency and investment tools into its recently launched financial technology platform, according to CEO Nicolas Levi.

According to Levi, the potential enhancements would enable improved portfolio management for investors. The new tools and features would be realized through future partnerships while continuing to adhere to strict UAE regulations.

“Cryptocurrencies are being used as an investment. Will we have an investment product one day potentially? I’m not saying no to that. Will we use crypto for our own transactions? There are some plans with the [UAE] central bank to work on that,” Levi said in a recent interview.

The UAE Central Bank does not currently recognize cryptocurrencies as legal tender. However, the regulator began implementing its own form of digital currency back in March 2023, known as Digital Dirham. Additionally, the UAE Central Bank’s endorsement of legitimate crypto enterprises for banking services underscores the Emirates’ commitment to addressing real-world financial needs.

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du Pay, the company’s inaugural venture into the FinTech sector, had a soft launch earlier this month after UAE Central Bank authorization. Offering an array of financial services like domestic and international transfers, bill payments, recharges, and salary receipts through a unique IBAN, du Pay marks a significant strategic move by the telecom firm into the digital finance space.

The rising trend of mobile-based financial services in the UAE, including digital wallets and online payments, mirrors global trends. Statista projects the digital payments market to balloon to $16.7 trillion by 2028, at a CAGR exceeding 9.5% from 2024’s estimated $11.53 trillion.