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Kateeb Among Top 50 Most Influential Leaders in Islamic Economy

Mohammed Kateeb, Group Chairman & CEO of Path Solutions, has been named one of the ‘World’s 50 Most Influential Leaders in Islamic Economy in 2018’ in ISLAMICA 500 Guide.
This is Kateeb’s fourth year being nominated for this honor in the most recent list featuring a competitive group of 500 powerful people from 45 different countries, reflecting those making the difference in the Islamic economy space.
Kateeb received his higher education in the United States. He has been the Chairman of Path Solutions since 2008. Under his leadership, the company has experienced exponential growth, and is regularly ranked the ‘World’s Number One Islamic Financial Software Provider’ by leading analyst firms.
Kateeb serves as member of the Board of Trustees of IRTI, an affiliate of the Islamic Development Bank Group (IsDB) that focuses on developing a technology-enabled Islamic financial services sector leveraging state-of-the-art technology to mainstream Islamic economics and finance knowledge.
Only last month, the UK-based leading consulting firm Edbiz Consulting named Kateeb as the 2018 recipient of the ‘Advocacy Award’, for his outstanding accomplishments in Islamic financial advocacy.
Furthermore, Kateeb was selected among the ‘Leaders of Islamic Economy in East Africa in 2018’ by GBS Africa, among other international recognitions. This prestigious nomination track record is unparalleled in this fast-growing industry.
“I’m honored and humbled to be four-time listed alongside such esteemed industry figures”, said Kateeb. “My mission and passion has always been to be an advocate for Islamic finance to help promote financial inclusion and support economic development. The biggest reward is seeing the industry moving forward with tech advancements; it makes it all worthwhile!”
ISLAMICA 500 Guide is a yearly publication of ISFIN, the world’s leading advisory firm for emerging markets. As an independent consultancy firm, ISFIN operates in 75 countries across five continents. The guide provides hard-to-find biographical details for 500 of the world’s most prominent and influential personalities in the Islamic world and economy.
From this list, the top 50 individuals (‘ISLAMICA TOP 50’) who had major impact on the industry were identified based on a set of criteria including innovation, substance, pioneering initiatives, global impact and footprint, ethics and sustainability.
“Again, Kateeb is on the ISLAMICA 500 list of the 50 most influential figures in 2018, for he contributes immensely to the improvement of the Islamic economy. His outstanding reference work records his achievements on a global scale.
“He earned the respect of his peers and become a role model and an inspiration in his field. Congratulations on this well-deserved recognition”, commented Prof. Laurent Marliere, President & CEO of ISFIN and publisher of ISLAMICA 500 Guide.
Kateeb was presented with a certificate during the ISLAMICA 500 Awards Reception on Wednesday 28 November at the Capital Club Bahrain. Earlier that day, Kateeb sat on a panel discussion entitled “How to go global in Islamic finance 2.0. The impact of fintech on the Islamic economy”.
News
Experts Reveal a Steady Decline of High-severity Incidents Over the Years

According to the ‘Anatomy of a Cyber World: Global Report by Kaspersky Security Services’, there has been a noticeable decline in the percentage of high-severity incidents over the past few years.

While 2021 recorded the highest proportion at 14.3%, 2025 experienced the lowest in six years at just 3.8%. This trend indicates that many attack attempts were quickly detected and effectively mitigated by Kaspersky MDR experts, preventing their severity from escalating beyond medium levels.
High-severity incidents are defined as attacks involving direct human involvement that result in a significant impact on the customer’s IT infrastructure. In 2025, the number of such incidents detected by Kaspersky MDR decreased by 19% compared to 2024, highlighting improvements in early detection capabilities and more effective remediation efforts among Kaspersky MDR clients.
A detailed analysis of the root causes of these incidents in 2025 reveals the following insights:
Human-driven attacks accounted for approximately 23% of high-severity incidents. Although this represents a slight decrease from 2024, they continue to be the primary cause of serious breaches.
Kaspersky detected such attacks in nearly 21% of customers, demonstrating that motivated adversaries persist in bypassing automated defences. Despite advancements in automated detection tools, these highly skilled attackers still find ways to evade security measures.
Confirmed cyber exercises like Red Teaming made up over 23% of incidents. When activity is verified as part of security testing, it’s often classified as infrastructure false positives, though customers frequently report them as incidents.
Social engineering ranked third, responsible for over 15% of high-severity attacks and affecting nearly 18% of organisations. These are classified as high-severity when successful and not automatically remediated, often leading to security awareness recommendations.
Security policy violations constituted just under 14% of all cases, involving legitimate accounts performing suspicious actions like data exfiltration. Malware incidents represented less than 12%, while artifacts from past attacks, or APT traces, were found in over 7% of cases. Vulnerability detection, though not core focus for Kaspersky MDR, was reported in fewer than 5% of incidents.
“The decline in high-severity incidents highlights the critical importance of adopting a proactive cybersecurity strategy. Human-led solutions such as Managed Detection and Response (MDR) and Incident Response remain essential in combating sophisticated, human-driven threats.
To further enhance the effectiveness and efficiency of in-house security teams, organisations should incorporate advanced, automated solutions like Extended Detection and Response (XDR), which provide improved visibility and enable faster responses.
Additionally, leveraging SOC consulting services can assist in building a robust Security Operations Center from the ground up or optimising an existing one for maximum performance.
An integrated approach to hybrid security operations empowers organisations to detect threats early, contain them swiftly, and ultimately prevent severe breaches from occurring,” comments Sergey Soldatov, Head of Security Operations at Kaspersky.
News
Google, UpSkill Universe Relaunch Hustle Academy to Bring Free AI Skills to Africans

Google and UpSkill Universe, Sub-Saharan Africa’s leading AI and business skills training partner, have announced a major redesign of the Google Hustle Academy programme.

For the first time, the free training initiative is open to everyone, not just business owners. The new curriculum is focused on equipping individuals and entrepreneurs with practical AI skills.
Small businesses are the engine of Africa’s economy, creating over 80% of jobs on the continent. To help them grow, the Hustle Academy was launched in 2022, providing bootcamp-style training on business strategy, digital skills, AI, and leadership. The program has since trained over 18,000 SMEs, with many reporting increased revenue and job creation.
Now, as AI reshapes the job market, the program is evolving. The 2026 edition is built for anyone in Sub-Saharan Africa, including employees, students, and jobseekers, who wants to use AI to advance their career.
To meet the needs of a diverse audience, the new format includes short, 60-minute webinars and more immersive, high-impact bootcamps. These sessions are laser-focused on putting AI to work immediately in areas like digital commerce, marketing, and growth strategy.
Speaking about the academy, Gori Yahaya, Founder & CEO UpSkill Universe said “The 2026 Hustle Academy is designed to close the AI Skills gap with hands-on training that is short, focused, and immediately useful. AI is reshaping how businesses win and how careers are built, right across this continent.
“We’re excited to renew our partnership, now in its fifth year with Google, combining their global AI leadership with our deep regional AI expertise. The next wave of AI leaders will come from this continent. We are making sure they are ready.”
The Hustle Academy initiative has strengthened digital competitiveness across emerging African economies by enabling SMEs to move beyond AI awareness to practical implementation, positioning them for sustained growth in an increasingly AI-driven business environment.
“We believe that the future of Africa’s digital economy lies in the hands of individuals and entrepreneurs alike. Our new strategy focuses on scaling reach by training individuals in the latest AI-centered tools and techniques,” said a Google representative.
News
Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt
Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.
GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.
Individuals owe N13.5 million to N35 million each.
Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.
More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.
Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.
Pedro urged prompt filings and payments.
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