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Saudi Arabia signs 23 contracts worth $3.5bn at WDS

The Saudi Ministry of Defense (MoD) announced the closing of 23 deals worth more than SR13 billion ($3.46 billion) with local and international companies on the fourth day of the World Defense Show (WDS) 2022.
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MoD signs 23 contracts worth over SR13 billion at WDS 2022

The MoD signed five deals with the Saudi Arabian Military Industries (SAMI), two of which were closed with the Royal Saudi Land Forces (RSLF) and three with the Royal Saudi Naval Forces (RSNF). ....

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stc, Thales sign MoU to develop digital solutions for businesses

Stc and Thales have signed a memorandum of understanding for collaboration in various areas, such as ICT, AI, cybersecurity, smart cities, IoT, machine connectivity, identity solutions, payment solutions, and 5G satellite solutions. Through this partnership, stc aims to develop and enhance digital solutions in order to provide its customers with cybersecurity solutions, as ....

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STC Pay, Thales partner to boost contactless card payment

RIYADH: The Saudi Telecom Company (STC) mobile wallet app STC Pay has partnered with French technology provider Thales to introduce contactless cards into the Kingdom.
This will enable payments at point of sales (POS) machines, e-commerce transactions and cash withdrawals at local and international ATMs.
The digitized and fully customizable cards are compatible with Apple Pay and Mada Pay, providing secure payments for both iPhone and Android users. STC Pay customers will be able to order the card, activate, deactivate and set spending limits through their mobile application.
Ahmed Alenazi, STC Pay CEO, said that the cards would provide customers with digital payment solutions that were fast, convenient and, above all, secure. ....

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