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.
Ursula von der Leyen, re-elected European Commission president, plans to focus her next term on the Mediterranean, emphasizing digital transformation. The new portfolio will strengthen various sectors through initiatives like the MEDUSA project, enhancing connectivity and fostering economic stability, job creation, and regional cooperation in digital development.
Bayanat and Yahsat have successfully launched their first LEO SAR satellite, developed in collaboration with ICEYE. This satellite, part of a larger SAR constellation, will enhance geospatial monitoring across the Middle East, offering near real-time imaging for disaster management, maritime surveillance, and smart mobility, underpinning the upcoming merger into Space42.
The ‘Digital Sharjah’ platform, launched in 2021 by the Sharjah Digital Department, has processed over 952,000 transactions and attracted more than 95,000 users. It offers over 60 digital services and has seen significant growth in user engagement and downloads, demonstrating its impact on digital transformation in Sharjah.
Du, also known as Emirates Integrated Telecommunications Company (EITC), has received licences from the UAE Central Bank to offer digital financial services. This move positions Du at the forefront of the fintech sector, supporting the UAE’s vision for innovation and financial inclusion, and enabling the company to provide secure, customer-centric financial solutions.
The UAE’s Telecommunications and Digital Government Regulatory Authority has launched the ICT Regulatory Sandbox to test new tech products and services. This initiative allows for a controlled environment to assess impacts before market release, fostering innovation and enhancing legal frameworks to support rapid technological advancements.
