Expands Digital Ecosystem Across MENA Region

Sharjah-based digital ecosystem announces its expansion across the MENA region, with new offices in Saudi Arabia, Egypt, Jordan, and Turkey. The company operates ‘ market’ for recyclable trading and ‘ collect’ for logistics services. This expansion follows significant growth in 2023, with a substantial increase in transactions and user engagement on both platforms.

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Telecom Egypt Reports 48% Surge in Net Profit for First Nine Months of 2023

Telecom Egypt (ETEL) reported a 48.26% year-on-year increase in net profit for the first nine months of 2023, reaching EGP 9.148 billion. This growth is reflected in both its consolidated and standalone financial statements, with significant rises in operating revenues and net profits, underscoring the company’s strong position in the telecommunications sector.

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Banglalink IPO

Banglalink Delays IPO Amid Market Uncertainty, Optimistic for 2024

Banglalink, Bangladesh’s third-largest mobile operator, is postponing its IPO launch due to current market conditions, including political uncertainties and underperformance of telecom stocks. The company, optimistic about a 2024 IPO, has also explored partnerships with digital banks and recently initiated a national roaming field trial with Teletalk. Challenges include non-implementation of SMP restrictions and unfeasible regulations for SIM-locked handsets.

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Cybersecurity Solutions

Kaspersky to Showcase New Cybersecurity Solutions at Black Hat 2023 in Riyadh

Kaspersky announces its participation in the Black Hat 2023 conference in Riyadh, showcasing its new Managed Detection and Response (MDR) solution and Threat Intelligence service. These solutions, designed to enhance cybersecurity for organizations in Saudi Arabia, align with the country’s data sovereignty and privacy standards. Mohamad Hashem, General Manager of Kaspersky in KSA & Bahrain, highlights the company’s growth and commitment to supporting digital transformation security.

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