Sector
Gold’s price is consolidating Thursday’s impressive rebound from near $1940, having fluctuated within a $30…
Recep Tayyip Erdogan has appointed a former U.S. banker as head of the country’s central…
Gulf states on Thursday celebrated the electricity connection pact between the Gulf Interconnection Authority and…
ADNOC Logistics and Services (ADNOC L&S) has been awarded a $975 million artificial island construction…
Dubai’s urban master developer, Dubai South, has announced plans for the Al Maktoum International Airport…
The survey of more than 21,000 people in 12 countries, including 1,000 respondents from the…
Economy
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Features

Sources, advantages and drawbacks of renewable energy towards a sustainable future
There are now better ways of harnessing renewable energy

Enhance customer experience to boost your business
Follow these simple steps to achieve a positive customer experience to ensure business success
Lifestyle
Quick, affordable UK ETA scheme available to GCC, Jordanian nationals
Affordable scheme offers a two-year multiple-entry visa
Gulf carriers shine in Airline Ratings’ Global Rankings
Etihad Airways flies high as a sustainability leader
Videos
The most powerful Ranger Raptor ever
The Ford Raptor is the most aggressive off-road vehicle that the Ford brand produces and there are many iterations of it but the Raptor is the most rugged one. It hides a beast under the bonnet with a 3-Liter V6, producing 392 brake horsepower.
Take a look at how it drives in equally rugged conditions by watching the video here.

The most powerful Ranger Raptor ever
Ferrari 296 GTS redefines the supercar with hybrid innovation
The Ferrari 296 GTS is the first road-going spider with a V6 to have the Ferrari badge. The 3-litre, turbocharged internal combustion engine produces 663 bhp while the plug-in hybrid system another 167 bhp, totaling a staggering 830 bhp 0 to 100 km/h takes just 2.9 seconds, and 0 to 200 km/h in a mere 7.6 seconds. It tops out at a whopping 330 km/h.
Watch the video here for more on the Ferrari 296 GTS.

Ferrari 296 GTS redefines the supercar with hybrid innovation
Ali Abulhasan, Co-Founder and CEO of Tap Payments-Unifying and connecting fragmented markets
During an exclusive interview at Seamless, Ali Abulhasan, Co-Founder and CEO of Tap Payments, said the company is in the business of simplifying online payment acceptance in the Middle East and North Africa.
“What we try to do is bridge the markets together since they are very much fragmented when it comes to the region,” Ali said.
“What we focus on is helping businesses grow in emerging markets by unifying the region together and connecting the region to the world with a focus on payments.”
There is more to know about how this unification happens with technology by watching the video here.

Ali Abulhasan, Co-Founder and CEO of Tap Payments-Unifying and connecting fragmented markets
Khalil Alami, CEO of Telr- Propriety tech provides merchants customized experiences
An Interview at Seamless with Khalil Alami, CEO of Telr, revealed that payment gateways are the choice for merchants and consumers alike because they connect and enable merchants to accept payments online from their customers and provide a certain level of convenience for customers allowing them to purchase services or goods from beloved brands, websites or mobile apps.
“We provide a certain level of comfort and security while also focusing on enhancing the technology and customer experience for such consumers,” Khalil said.
“So, it’s very important for merchants who want to transact in e-commerce or online to select a proper gateway that provides security, comfort, and great customer experiences and that’s what we try to achieve here at Telr.”
In terms of what separates Telr from the competition, Khalil added: “Various payment gateway players around the world are all good, but what’s different about Telr is that since we built our own propriety technology (back in 2014), and we were the first to be PCI DSS certified in all the MENA region, which is the highest level of security standards in our industry, we are able to provide a customized experience for merchants.”
Learn more about how Telr excels in this business by watching the video here.

Khalil Alami, CEO of Telr- Propriety tech provides merchants customized experiences
Jayesh Patel, CEO of Wio Bank-Banks need to do more for customers
During an Interview at Seamless with Economy Middle East, Jayesh Patel, CEO of Wio Bank, explained that economies were changing drastically today with digital becoming ever so important.
“We differentiate ourselves in two main ways. The first is our operating model, shifting from being a traditional bank to being a platform player,” Jayesh said. By that, he meant that the bank has 3 main core businesses.
“We give out apps to consumers and businesses, we work with digital platforms to build embedded finance solutions, and then with all the tech we build, we work with third-party companies to provide banking as a service,” Jayesh explained, clarifying how Wio broadens the horizon of what a traditional bank does.
The second differentiator he said was that banking was always about transactions, having an account, and paying bills. “But banks need to do more for our customers.”
Know more about what Jayesh means on this and more by watching the video here.

Jayesh Patel, CEO of Wio Bank-Banks need to do more for customers
Renier Lemmens, Group CEO of Geidea: POS, customer service, key company USPs
Asked by Economy Middle East about what the company was showcasing at Seamless, Renier Lemmens, Group CEO of Geidea said that they had two main reveals: One was a new suite of payment products and the other a POS (Point of sale)Â system by which retail and F&B businesses can manage the front office, and connect it to the kitchen and inventory.
He said that two things separated Geidea products from others on the market. “The first is the Integration between the payments side of things and the POS or cash register system, and the second is our customer service where we just know we are better than others,” Renier said.
Know more about how these products are shaping up for the future by watching the video here.

Renier Lemmens, Group CEO of Geidea: POS, customer service, key company USPs
Seamless Special: Interview with Charles Matta, Chief Strategy & Partnerships Officer at MyMonty
Present at Seamless, Economy Middle East conducted an exclusive interview with Charles Matta, Chief Strategy & Partnerships Officer at MyMonty, a technology company.
“We proudly call ourselves fintech enablers, enabling different spectrum of target segments, starting with banks to mobile network operators, moving into fintechs playing the B2C aspect, targeting end users and at the same time fintechs on the B2B side, where we complement each other to offer convenient services to end users,” Charles said.
The company is part of a larger Monty Mobile Group servicing mobile operators for over 25 years.
As to how the company differentiates itself from the market, Charles said that “Differentiating factors are numerous, depending on the line of service, but we do leverage on the latest technologies to differentiate ourselves, starting with Artificial Intelligence and building an integrated AI on all technologies we operate with, whether that service tackles mobile operators or banks, and on the agility of the services, given the technology is built on blockchain to ensure security measures, safe international money transfers at high speeds, and so on.”
To find out how MyMonty enters into joint commercial collaborations with their clients, and more, watch the video here.

Seamless Special: Interview with Charles Matta, Chief Strategy & Partnerships Officer at MyMonty
Interview with Issam Abousleiman, GCC Country Director at the World Bank on non-communicable diseases
Issam Abousleiman, GCC Country Director at the World Bank, discussed with Economy Middle East, in a recent interview, the issue of non-communicable diseases.
“It’s one of the major killers today in the 6 countries of the GCC. This doesn’t only have a cost on the health treatment but also a big cost on the economic front. The GCC has already done a lot of work on that issue, with some drawing strategies,” Abousleiman said.
He said that these are preventable diseases, and that the sooner we attack them at a younger age, creating the right habits in terms of eating, and sports, then the better chance at reducing their effects.
Abousleiman added that the cost, based on 2019 data for the GCC, was almost more than 5 percent of the GDP, and “This is a big cost in terms of how this is affecting their economies.”
Know more about the steps GCC nations can take to improve on this situation, by watching the video here.
