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Zawya
36 minutes ago
- Zawya
MENA IT spending to reach $169bln next year: Gartner
IT spending in the Middle East and North Africa (MENA) is projected to total $169 billion in 2026, an increase of 8.9% from 2025, according to the latest forecast by Gartner. 'The MENA region is rapidly emerging as a global tech powerhouse, with the Gulf Cooperation Council (GCC) leveraging its stability, infrastructure and forward-looking policies to attract global partners and build digital skills that empower innovation and support resilient AI-driven economies,' said Mim Burt, Practice VP at Gartner. 'Even amid global economic and geopolitical uncertainty, chief information officers (CIOs) in MENA are making strategic investments in AI, intelligent automation and multi-cloud strategies, while strengthening cyber defenses and advancing talent upskilling. These efforts are not only driving innovation and economic diversification but also contributing to the region's projected IT spending growth in 2026.' Data center systems remain highest-growth segment Growth in data center systems spending in MENA is expected to remain strong in 2026, though the pace will ease compared to 2025. Spending is projected to increase 37.3% in 2026, making it the highest-growing IT segment, but at a slower rate than this year as the market shifts from rapid build-out to incremental and sustained investment. 'Data center system spending is expected to accelerate as MENA CIOs and technology leaders invest in AI-enabled software and AI-optimized infrastructure,' said Eyad Tachwali, VP, Advisory at Gartner. 'This surge is largely fueled by pent-up demand for generative AI (GenAI) and advanced machine learning, which depend on robust computing power for large-scale data processing. Most of this demand is being driven by governments, hyperscalers, technology providers and organizations focused on developing and deploying AI models, rather than traditional enterprises or consumers.' AI integration reshapes IT spending Software spending in MENA is expected to grow 13.9% to $20.4 billion in 2026, as organisations accelerate adoption of GenAI capabilities. Gartner predicts that by 2028, 75% of global software spend will be on solutions with GenAI functionality. 'CIOs will increasingly be offered embedded GenAI capabilities in enterprise applications, productivity and developer tools, more advanced large language models as well as AI-optimized servers to support AI-as-a-service,' said Burt. 'Providers are also exploring new pricing models across software and hardware to drive revenue.' As AI becomes central to innovation, its integration into software and IT services is fundamentally reshaping spending priorities across the region, with IT services spending in MENA projected to grow 8.3% in 2026. 'With the rapid acceleration of AI infrastructure and adoption in MENA, CIOs must move beyond GenAI as a productivity tool and embed it into the heart of their business strategy,' said Tachwali. 'The real competitive edge will come from building strong data foundations, composable technology platforms and cultivating AI-fluent talent—core enablers for unlocking differentiated value from AI.' Gartner's IT spending forecast methodology relies heavily on rigorous analysis of the sales by over a thousand vendors across the entire range of IT products and services. Gartner uses primary research techniques, complemented by secondary research sources, to build a comprehensive database of market size data on which to base its forecast. The Gartner quarterly IT spending forecast delivers a unique perspective on IT spending across the hardware, software, IT services and telecommunications segments. These reports help Gartner clients understand market opportunities and challenges. The most recent IT spending forecast research is available to Gartner clients in Gartner Market Databook, 2Q25 Update. Gartner CIO & IT Executive Conference Gartner analysts will provide additional analysis on insights and trends shaping the future of IT and business, including accelerating business transformation, application modernisation, infrastructure and operations at the Gartner CIO & IT Executive Conference, taking place from September 22 to 24 in São Paulo and from October 6 to 8 in Dubai. -TradeArabia News Service Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (


Fintech News ME
an hour ago
- Fintech News ME
Qatar Central Bank Approves TrustIn Limited for Fintech Sandbox
Qatar Central Bank (QCB) has granted TrustIn Limited approval to join its fintech Regulatory Sandbox, supporting efforts to develop a modern, secure financial services landscape. TrustIn Limited is a UAE-based fintech company offering a digital escrow platform intended to facilitate secure and transparent transactions across various sectors. The platform seeks to build confidence in online business transactions while contributing to the broader digital transformation of Qatar's economy, according to IBS Intelligence. With this approval, TrustIn Limited becomes an authorised participant in the fintech Sandbox, allowing it to test its services within a regulated, controlled environment under QCB supervision. Although sandbox participation does not equate to full regulatory licensing, it is a key step in the process towards market readiness and compliance. A spokesperson for Qatar Central Bank said: 'QCB remains steadfast in its commitment to enabling a robust and secure FinTech environment that fuels economic diversification and aligns with Qatar's vision for financial sector advancement. By supporting initiatives like TrustIn's Digital Escrow Platform, we aim to nurture solutions that prioritise customer protection, transparency, and sustainable growth.' The platform is expected to help reduce transaction-related risks and increase confidence in digital payment and contracting systems. TrustIn Limited notes that its solution has been developed with regulatory compliance and user safeguards in mind, incorporating both local requirements and global standards. During the sandbox phase, TrustIn Limited will continue working with QCB and other stakeholders to further refine its services. The company also aims to support Qatar's ambition to become a regional fintech hub by offering secure, innovative, and Shariah-compliant digital financial solutions.


Zawya
an hour ago
- Zawya
Saudi's e-commerce start-up Salasa secures $30mln to scale business
Saudi Arabian start-up Salasa has secured $30 million from various investors, including Aramco's venture capital fund, to scale operations. The Series B funding round was led by Artal Capital, with participation from Saudi Venture Capital Company, Wa'ed Ventures, 500 Global and Alsulaiman Group. Salasa is an e-commerce fulfillment platform catering to more than 1,000 merchants, including major businesses like Noon and Amazon. The company intends to use the fresh capital to further leverage artificial intelligence (AI) in creating a more predictive and automated logistics system. It also looks to expand its cross-border reach. (Writing by Cleofe Maceda; editing by Brinda Darasha)