Yuze, a UAE-based FinTech, raised $30 million in a funding round led by Osten Investments to expand its financial services for SMEs, e-traders, and freelancers. The investment will support Yuze’s growth into new markets, aiming to reach one million customers in five years, and advance financial inclusion for SMEs.
Smart Vision, a leading Saudi telecom infrastructure company, is revolutionizing the industry with innovative solutions and a commitment to quality. Offering comprehensive services, from network planning to turnkey solutions, the company leverages cutting-edge technology and sustainable practices. With a growing presence in the GCC, Smart Vision is positioned to lead the future of telecom infrastructure.
Ooredoo has committed QAR 2.8 million to support Hamad Bin Khalifa University’s Qatar Centre for Quantum Computing in developing Qatar’s first quantum communication testbed. This initiative aims to establish a secure quantum communication system, positioning Qatar as a leader in quantum technology and strengthening its role in the global tech landscape.
Qatar’s Communications Regulatory Authority (CRA) has opened public consultations on draft postal service licenses, inviting stakeholders to provide feedback. This initiative aims to enhance the postal sector, promote competition, and improve service quality. The consultations align with Qatar National Vision 2030 and will help CRA regulate the sector and protect consumer rights.
Oman will launch its Open Data Platform by the end of the year, a major step in its digital transformation strategy. The platform will enhance public access to government data, fostering transparency and innovation. Aligned with Oman’s Vision 2040, it aims to support economic growth and position Oman as a leader in data transparency.
Experts at a cybersecurity event in Kathmandu emphasized the need for enhanced education, awareness, and a robust policy framework to combat rising cyber threats in Nepal. They highlighted the importance of practical skill development, grassroots cyber literacy, and a comprehensive National Cybersecurity Policy to protect the nation’s digital infrastructure and ensure long-term resilience.
Tether has invested $3 million in Kuwait’s Kem App to expand digital financial services in the Middle East. This partnership aims to boost regional adoption of USD₮ and enhance access to decentralized finance. The collaboration marks a significant step in transitioning the Gulf region into a digital cash economy, promoting financial inclusion and stability.
Nepal Telecom (NT) reported a 16.44% decline in net profit for Q4 FY 2080/81, dropping to Rs. 6.62 billion. The decrease was driven by a 4.99% reduction in revenue and significant declines in investments and finance income. However, the company saw a slight increase in reserves and reduced operating expenses by 12.98%.
Gulf Bank has introduced the “WAMD” service, allowing customers to transfer money quickly and securely using a phone number via the bank’s mobile app. This new feature, implemented by KNET under the Central Bank of Kuwait’s supervision, enhances Gulf Bank’s digital services, making banking more convenient and accessible for its customers.
Ooredoo Kuwait has launched “Home Internet,” a cutting-edge home networking solution offering reliable, high-speed internet tailored to meet diverse household needs. With packages like MESH, FIBER+, and ProPing for gamers, Ooredoo integrates 5G technology to enhance connectivity, supporting smart homes, remote work, and entertainment. This launch positions Ooredoo as a leader in Kuwait’s digital transformation.
