Capestone, a division of OptConnect, has acquired Next Era, a French distributor specializing in 4G/5G and critical communications, expanding its presence in the EMEA region. This acquisition enhances Capestone’s IoT and 5G solutions, providing access to new growth opportunities in the fast-evolving 5G and IoT marketplace.
Worldline and Telr have partnered to launch an e-commerce payment solution tailored for the UAE market, simplifying online payments and offering global businesses optimized transactions. Meanwhile, MoneyGram and Comera Pay have teamed up to enable seamless cross-border remittances via the Comera app, boosting the UAE’s fintech ecosystem.
Telecom operators in Pakistan have set out key conditions for 5G rollout, including local currency payments, reduced taxes, and adequate spectrum in the 2600 MHz band. They are also pushing for a phased “4G for all” approach and a formal industry recognition to support sustainable growth and investment in the telecom sector.
Space42 and ICEYE have formed a joint venture to manufacture SAR satellites in the UAE, advancing the country’s Earth Observation capabilities. This partnership builds on the successful launch of the Foresight-1 satellite and will support local technology development, research, and the growing demand for high-resolution satellite imagery.
Engro Corp, in partnership with Veon, plans to expand telecom tower-sharing coverage in Pakistan. The collaboration aims to enhance telecom infrastructure, explore use cases like electric vehicle charging and drone landing, and capitalize on Pakistan’s improving economic conditions, positioning the country as a more attractive investment market.
Ericsson and Mobily have completed a successful trial of Ericsson’s AI-powered 5G Uplink Interference Optimiser, improving 5G uplink performance, spectral efficiency, and throughput. This collaboration enhances Mobily’s network, providing faster upload speeds and improved connectivity, contributing to Saudi Arabia’s digital infrastructure goals under Vision 2030.
Genesis Digital Assets (GDA) is expanding globally with a focus on sustainability. Their initiatives in Argentina and Sweden repurpose waste gases and heat for agricultural and community benefits, showcasing how bitcoin mining can contribute to environmental and technological progress.
Numou has launched in Abu Dhabi, offering a digital lending marketplace designed to streamline financing for SMEs. The platform allows businesses to apply for loans through a single online form, connecting them with multiple lenders and ensuring transparency. Numou aims to empower SMEs and boost Abu Dhabi’s digital economy.
The “Abikhdmh” app has raised SAR 3 million in Seed funding to enhance its e-transaction services and expand into areas such as flight bookings, business services, and recruitment solutions. This investment will strengthen its platform and contribute to Saudi Arabia’s Vision 2030 by advancing digital transformation in the country.
Saudi Arabia has launched Samsung Pay, integrated with the national mada payment network, offering a secure and seamless mobile payment solution. This move supports the country’s Vision 2030 goals of advancing digital infrastructure and financial inclusion. The service includes advanced security features and is part of broader fintech regulations by SAMA.
