Zain Saudi Arabia reported a net profit of 150 million riyals for Q3 2024, a 114.3% increase from the previous year. However, net profits for the first nine months declined by 75.6% to 322 million riyals. The company also faced rising operating and credit loss expenses.
Silvina Moschini, CEO of Unicorns Inc., stated that Qatar is poised to become a global hub for innovation, driven by digital transformation and strategic geolocation. The country’s initiatives, including government incentives for startups and partnerships, aim to enhance its economy and attract international businesses.
Oman’s Ministry of Transport, Communications, and Information Technology has signed a cooperation agreement with the University of Technology and Applied Sciences to enhance digital transformation efforts. This partnership will launch a Master of Science program in Digital Transformation and Innovation, equipping future leaders with essential skills for the digital landscape.
As Pakistan advances in digitalization, the importance of strategic supply chain management grows. Companies are leveraging digital tools and data analytics to enhance efficiency and customer satisfaction. Initiatives in industries like textiles and e-commerce are paving the way for a robust digital economy, fostering innovation and competitiveness.
Ooredoo will participate in Milipol Qatar 2024, showcasing advanced ICT solutions focused on national security and business continuity. The company will highlight its managed security and IoT services, aligning with Qatar’s National Vision 2030. The event runs from October 29 to 31, 2024, at the Doha Exhibition Center.
Port City Colombo is working to establish Sri Lanka as a leading tech hub in South Asia, with 40 global IT companies already onboarded. The initiative supports the government’s goal of creating a $15 billion digital economy by 2030, fostering innovation and investment in the country’s tech sector.
Qatar’s Ministry of Communications and Information Technology has announced a strategic partnership between the Digital Incubation Center and Startup Grind to enhance the technology startup ecosystem. This collaboration focuses on empowering Qatari entrepreneurs through mentorship, workshops, and networking, supporting Qatar’s digital transformation and global market access goals.
Oman is enhancing its cybersecurity capabilities with new initiatives announced during the Regional Cybersecurity Week. Key developments include the CREST CAMP program, the Hadatha Center for the Cybersecurity Industry, and the Cybersecurity Industry Monitoring Centre, aimed at fostering local talent and addressing evolving cyber threats in the nation.
Telenor Pakistan and ZTE Corporation have achieved a new data transmission record of 1.9 Gbps over a distance of 11.6 kilometers. This trial utilized advanced MIMO technology and aims to enhance Pakistan’s telecom infrastructure, improving network capacity and expanding high-speed Internet services across the country.
The Ministry of Higher Education, Research, and Innovation (MoHERI) in Oman will celebrate the graduation of 56 trainees from the Mobile Phone and Tablet Repair Programme. This initiative, supported by the Oman LNG Development Foundation, aims to equip youth with technical skills for the smart device maintenance sector.
