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Dubai Sky Pod: the RTA’s Vision of Transport in the Future

Sky pod dubai

Dubai’s transport authority has unveiled its Sky Pod project, a futuristic mobility system which will require less power and infrastructure to operate.

Mattar Al Tayer, director-general and chairman of the RTA, said the futuristic mobility system would use an area of land that is 100 times less than conventional means of the same capacity, while the pods’ power efficiency is five times better than electric vehicles and the system requires infrastructure, which is 10 times less than conventional transit systems.

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Discover Eight Saudi Entrepreneurs Paving The Future

Ryiadh Saudi

This year’s Arabnet conference falls under the theme of “Rise of the Innovation Kingdom”.
The event will gather several high-profile Saudi entrepreneurs that will share their success stories, offer entrepreneurial tips, and reveal industry insights on different forums and/or initiatives.

Here are some of the Saudi entrepreneurs that are worth watching out for at the conference.

Read more about the 8 entrepreneurs paving the future

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Central Bank of Kuwait announce Fintech initiatives

Contactless Payment

The Central Bank of Kuwait has announced that it is embarking on a ‘long list’ of initiatives aiming to revamp and upgrade the IT infrastructure of the country’s financial systems.

One major initiative is the Kuwait National Payment System (KNPS), a strategic mega project being developed with local banks and payment gateways to be rolled out in two phases in 2019 and 2020.

Also, to prepare for the potential of issuing digital currency in the future, CBK says it will have the tools ready to go live. In addition to e-wallets, this includes a Digital Kuwaiti Dinar, which will facilitate exchange against tokenised assets.

Read more about Kuwait’s Fintech initiatives

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Digital Transformation Investments to Cross $40 Billion in Four Years in MENA

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