Telecom Egypt has secured a $200 million medium-term loan from Banque Misr UAE to refinance short-term facilities. The five-year loan will be repaid using foreign currency revenues, enhancing the company’s liquidity and aligning with its proactive capital expenditure strategy to mitigate forex risks.
Core42 and Microsoft Azure have launched JAIS 30B Chat, an advanced Arabic AI model. This collaboration aims to enhance AI accessibility for 422 million Arabic speakers, providing transformative solutions across industries. JAIS 30B Chat excels in cross-lingual conversations, content generation, and reasoning, fostering innovation and improving service delivery globally.
The Moroccan government has announced a new program to extend high-speed internet to 1,800 rural areas, part of its National Plan for the Development of High and Very High Speed Broadband. This initiative, aligned with the National Digital Development Strategy 2030, aims to boost economic growth, improve public services, and foster digital inclusion.
Morocco plans to launch 5G internet service by 2030, aligning with its 2030 digital strategy and in preparation for co-hosting the World Cup with Spain and Portugal. The initiative aims to enhance online data speed and expand rural internet coverage, recognizing digital connectivity as essential for various sectors post-pandemic.
e-finance has acquired stakes in Al Ahly Momken (25%) and EasyCash (13%) to expand its digital payments presence in Egypt, supporting Vision 2030. This partnership aims to leverage e-finance’s technology to develop innovative payment solutions, enhancing services for over 90,000 merchants and 5 million customers.
Ooredoo has partnered with Nutanix to develop a hybrid multi-cloud environment for Qatar Airways, enhancing customer experience and operational efficiency. Additionally, Ooredoo is extending its partnership with Netcracker to improve CRM and revenue management, supporting various services and industries, including ICT, IoT, fintech, and entertainment.
Arabsat is partnering with ST Engineering iDirect to integrate cloud technologies into its gateway infrastructure, expanding satellite connectivity in the Middle East, Africa, and Asia. This initiative will enhance Arabsat’s coverage, provide vital managed services, and support Saudi Arabia’s broader space investment and efforts to deliver satellite internet to underserved regions.
The Telecommunications Regulatory Authority (TRA) has launched a public consultation to gather feedback on draft regulations for last-mile delivery services in Oman. This initiative aims to improve postal services, enhance e-commerce, and integrate postal operations with the broader transport sector through the Ministry’s Naql platform. Submissions close on June 3.
Edgnex Data Centres by Damac has announced a new state-of-the-art data centre in Jakarta, Indonesia, to support the region’s growing digital economy. Scheduled for completion in late 2025, this facility will enhance service reliability and meet the rising demand for cloud services, AI deployments, and internet usage in Southeast Asia.
Shaffra, a deep tech company in the Middle East, has launched its AI Trainer, utilizing Large Action Models (LAM) technology. This AI solution personalizes avatars for tasks like customer service and data analysis, enhancing productivity across sectors. Supported by significant investments, Shaffra aims to revolutionize workforces and drive economic growth in the region.
