assessing digital payments in the Middle East

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As the global face of financial technology changes beyond all recognition, the need for the right kinds of payments solutions to be in place has never been greater. Built to cater for a predominantly card-based society, the payments systems of old are now in danger of potentially missing a trick when it comes to keeping up with the latest innovations.

Life beyond legacy: assessing digital payments in the Middle East

2020 has undoubtedly seen the acceleration of digital payments globally and, alongside this, the need to ensure that your payments system can handle not only this shift, but also the

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Online grocery sales ‘soaring’ in the Middle East, trend may continue

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Online demand for groceries has seen a “fantastic surge” in the Middle East during the coronavirus pandemic, and the trend may be here to stay, a United Arab Emirates-based retail executive told CNBC this week.

Supermarket operator Carrefour’s online orders spiked by 917% in Saudi Arabia from January to June this year, while the United Arab Emirates and Egypt saw jumps of 257% and 747% respectively over the same period.

“Online has been … soaring since the start of Covid, although we have been growing before,” said Alain Bejjani, CEO of retail giant Majid Al Futtaim. The company is the

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Tropical storm could form off the East Coast this weekend

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Bill Olesner walks down South Battery St. while cleaning debris from storm drains on September 5, 2019 in Charleston, South Carolina. Hurricane Dorian is just off the coast of South Carolina.

Sean Rayford | Getty Images

The Atlantic hurricane season’s first tropical storm could develop near Florida and the Bahamas this weekend, according to forecasting from the National Hurricane Center, continuing a trend toward more preseason storms in the Atlantic in recent years.¬†

There’s about a 50% chance the area of pressure will form into a depression or storm off the East Coast within the next few days. If

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Middle East countries ease restrictions

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Women wearing masks for protection against the coronavirus, walk in the Mall of Dubai on April 28, 2020, after the shopping center was reopened as part of moves in the Gulf emirate to ease lockdown restrictions imposed last month.

Karim Sahib | AFP | Getty Images

The coronavirus outbreak in the Middle East is likely to remain under control despite the easing of restrictions in recent weeks, as long as social distancing continues to be enforced, experts told CNBC.

“If isolation of foreign workers works well and if the population respects social distancing and safe measures, I do not think

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