News
Web Summit Expands With New Middle East Event In Qatar
Thousands of attendees from around the world will gather at the Doha Exhibition and Convention Center in March 2024.
Today, the world’s largest technology conference, Web Summit, announced the launch of a new event in the Middle East, titled Web Summit Qatar, to be held at the Doha Exhibition and Convention Center (DECC) in March 2024.
The tech expo will be the first of its kind in Qatar, and will bring together thousands of entrepreneurs and investors from around the globe, as well as the next generation of startups disrupting the tech landscape.
The Middle Eastern event is part of Web Summit’s ongoing strategy to widen its reach into new regions and economies, and will provide a wealth of opportunities to connect the global tech community.
After receiving bids from several regional cities, Web Summit chose Doha as the new event’s host. Web Summit plans to deepen existing relationships in the region through Web Summit Qatar, which will run for at least five years.
Also Read: A Guide To Digital Payment Methods In The Middle East
“Web Summit in Lisbon has become the world’s largest technology conference, and our ambition is to make Web Summit ever more global. Establishing a new event in the Middle East is part of that broader plan for Web Summit,” says CEO of Web Summit Paddy Cosgrave.
Qatar’s technology sector is evolving rapidly, with a thriving start-up scene supported by both the government and the private sector. The World Economic Forum’s Global Competitiveness Report 2021 ranks Qatar 28th globally for its capacity for innovation, ahead of other countries in the region. Qatar is a heavy investor in its technology infrastructure, with projects focusing on emerging technologies, including artificial intelligence, blockchain, and cybersecurity.
News
Lebanon Ministers Meet Visa Over National Digital Payment Platform
Finance and technology ministers say a comparative study and roadmap will follow before any decision on adopting a model.
Lebanon’s finance and technology ministers met representatives from Visa last week to discuss a proposed unified national digital payment platform for government services, according to a readout from the Ministry of Finance.
The meeting brought together Finance Minister Yassin Jaber, Minister of State for Technology and Artificial Intelligence Kamal Shehadeh, a Visa delegation, and experts from both ministries. Discussion focused on whether Lebanon could establish a single platform through which citizens and institutions would pay taxes, fees, fines and other official transactions electronically, using mobile phones and other digital channels.
The Visa delegation presented examples from countries that have adopted unified government payment platforms, including the United Arab Emirates, Singapore, Estonia and Jordan. According to the readout, the examples were presented as having increased collection rates and expanded financial inclusion.
Talks covered settlement mechanisms, direct transfer to the treasury account, financial reconciliation, risk management, cybersecurity, fees, and an operational model that would involve the private sector. The parties agreed to continue technical and institutional consultations, prepare a comparative study, and develop an implementation roadmap before any decision on adopting a model for Lebanon.
Jaber said the Ministry of Finance had already enabled citizens to pay using credit cards and e-wallets through transfer companies, but described the proposed platform as a further step. He framed the development of electronic payment and collection systems as a priority within the ministry’s modernization plan.
Also Read: Deezer Says AI Tracks Now Make Up 44% Of Uploads
Shehadeh outlined the citizen-facing concept as a single mobile application through which users could settle obligations to ministries, government institutions and other bodies.
“The idea, in short, is that any citizen downloads an application on their mobile phone, through which they can pay all service obligations for all ministries, government institutions, or those owned by the Lebanese state, and others as well, as the platform is not limited only to state institutions,” he said.
Shehadeh added that the platform would not displace banks and money transfer companies that currently provide collection services to the state, calling it complementary to their work.
