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Oman’s digital economy gains momentum as cashless transactions skyrocket - ZAWYA

Oman AI · Apr 30

Oman's digital economy is experiencing significant growth, driven by a substantial increase in cashless transactions. This trend reflects a strong momentum towards digital transformation within the Omani market. The nation is actively advancing its digital infrastructure to support these modern financial systems. Why it matters: The expansion of the digital economy and digital payment infrastructure creates a foundational environment for the future adoption and integration of AI technologies across various sectors in the region.

Formal Methods for Modern Payment Protocols

MBZUAI · Invalid Date

Researchers at ETH Zurich have formalized models of the EMV payment protocol using the Tamarin model checker. They discovered flaws allowing attackers to bypass PIN requirements for high-value purchases on EMV cards like Mastercard and Visa. The team also collaborated with an EMV consortium member to verify the improved EMV Kernel C-8 protocol. Why it matters: This research highlights the importance of formal methods in identifying critical vulnerabilities in widely used payment systems, potentially impacting financial security for consumers in the GCC region and worldwide.

Agentic commerce: The quiet revolution in how we buy - Gulf News

Gulf News · Apr 8

Agentic commerce leverages artificial intelligence agents to automate and personalize the buying experience for consumers, marking a significant shift in retail. This 'quiet revolution' is transforming traditional e-commerce by streamlining purchasing decisions and enhancing user convenience. The article likely discusses the implications and adoption of such AI-driven buying methods within the Middle East's consumer market. Why it matters: The integration of AI agents into commerce has the potential to reshape consumer expectations and business strategies across the GCC retail sector.

The new way we do things

KAUST · Feb 8

Christopher Fabian, co-founder of UNICEF’s Innovation Unit, spoke at KAUST about using data and technology to improve lives. He highlighted how IoT and wearables can connect remote populations in developing countries with their governments. The talk emphasized using data to include unaccounted populations. Why it matters: The discussion reinforces KAUST's commitment to leveraging technology for global development and aligns with Saudi Arabia's broader goals for digital transformation.