SLT-Mobitel showcased resilience and growth in the first half of 2024, achieving a revenue increase and significant operational efficiency gains. Strategic cost management and lower finance costs helped narrow net losses, while investments in network infrastructure are set to enhance customer experience and drive future growth.
The Tawakkalna app, developed by SDAIA, topped Saudi Arabia’s Digital Experience Maturity Index for 2024 with a 91.29% rating. Recognized for integrating government services and enhancing user satisfaction, it supports over 32 million users globally, affirming Saudi Arabia’s leadership in digital transformation and artificial intelligence utilization.
Zain KSA has been upgraded to an AA rating in the MSCI ESG Index, establishing it as a leader among global telecom companies. This advancement highlights Zain KSA’s effective integration of sustainability into its operations, aligning with Saudi Vision 2030 and reflecting its commitment to environmental, social, and governance excellence.
TallyMarks Consulting (TMC) introduces SAP Business Technology Platform (SAP BTP) in Pakistan, offering advanced digital solutions for enhanced business operations. This initiative aims to revolutionize workflows, facilitate data-driven decisions, and propel economic growth by improving productivity, creating jobs, and enhancing global competitiveness for Pakistani businesses.
The Spain Oman Private Equity Fund (SOPEF) is investing up to €40 million in Making Science Marketing & AdTech, aiming to boost its digital marketing capabilities. This strategic investment fosters Spanish-Omani economic ties and supports Making Science’s expansion into the Middle East, enhancing its global competitiveness.
e& Egypt has partnered with Kuwaiti firm Urbnlanes Developments to upgrade ICT and data infrastructure for projects in New Cairo and the New Administrative Capital. The collaboration will introduce advanced digital solutions and expand fiber-optic networks to provide Triple Play services, enhancing connectivity for residents.
Kuwaiti fintech startup Kem has secured a $3 million investment from Tether, raising its total funding to $4.5 million. Kem’s platform enables QR code-based P2P payments, simplifying transactions. Tether’s investment aims to promote the adoption of USD₮ and expand digital financial services in the region.
Telecom Egypt plans to secure a $150 million loan for debt restructuring, separate from another EGP 18 billion needed due to recent interest rate hikes. This financial strategy follows a report of a 35% increase in annual revenue and significant profit, illustrating the company’s proactive management in a volatile economy.
Teams from Kuwait and the UAE secured the top spots at the Tech4Good regional semifinals in Tashkent, part of Huawei’s Seeds for the Future 2024 program. Celebrated for innovative solutions aiding stroke patients, these teams will advance to the finals in China, showcasing significant advancements in ICT for healthcare.
RakBank has partnered with Bitpanda Technology Solutions to launch a platform allowing UAE residents to manage digital assets efficiently. Pending regulatory approval, this collaboration aims to transform the UAE’s digital financial landscape, providing RakBank customers with access to a wide range of digital assets and fostering sector growth.
