E-wallet usage in Jordan increased by 6%, reaching 2.17 million users, according to the Central Bank of Jordan. Eight payment companies and 19 banks facilitate digital transactions. E-wallets offer security and convenience, particularly popular among younger users, although some users find they spend more due to losing track of expenses.
ITIDA and Informatique Education for Technology signed an MoU to enhance software engineering competence in Egypt. The collaboration offers training, consultation, and certification services from ITIDA’s SECC, aiming to upskill employees, develop software products, and promote global standards. This initiative supports Egypt’s position as a leading hub for software development and technology services.
Zain Bahrain reported a 2.6% increase in Q2 2024 net profit to BD 1.35 million and a 7.6% rise in H1 2024 EBITDA to BD 11.79 million. Revenue for H1 2024 grew by 3.5% to BD 38.44 million. The company highlighted significant achievements in 5G innovation, sustainability, partnerships, and awards for excellence.
The Institute of Business Management (IoBM), New Horizon, and Huawei Technologies showcased their new IT infrastructure at an event in Karachi. The initiative aims to enhance digital transformation in education, improve data security, and support innovative teaching. Key speakers emphasized the importance of technology in modernizing education and driving Pakistan’s technological advancement.
The Communications, Space and Technology Commission (CST) held a one-month Aerospace Engineering Internship Program with Boeing for scholarship students. The program, featuring theoretical studies and practical projects, aims to develop national capabilities, enhance skills in space technologies, and prepare students for the job market, contributing to the nation’s growth in space sciences.
Ooredoo reported a 14% increase in normalised net profit to QR1.9 billion for H1 2024. Revenue grew by 3% to QR11.8 billion, and EBITDA rose by 6% to QR5.1 billion. The company completed the sale of Ooredoo Myanmar and launched several strategic initiatives, including the “walletii” mobile money app and MENA Digital hub.
Digital Dubai, in collaboration with government and private sector partners, is implementing the Strategic Vision for the Data Centre Economy. This initiative aims to position Dubai as a leading destination for sustainable, AI-driven data centres, enhancing digital transformation and economic productivity, and supporting next-generation technologies like Web 3.0, Metaverse, and Smart Cities.
Leading UAE telecom company e& reported a 6% increase in H1 2024 revenue, reaching AED28.3 billion ($7.7 billion), and a 17% rise in net profit to AED5.5 billion ($1.5 billion). The strong performance was driven by innovation and digital transformation, with the subscriber base growing to 175 million.
Synapse Analytics secured $2 million in funding to expand its AI technologies across the GCC and Africa. The investment, led by Silicon Badia and Hub 71, will enhance financial inclusion and decision-making for financial institutions. Synapse’s AI solutions include credit scoring, dynamic pricing, and eKYC, positioning it as a key player in digital finance transformation.
stc pay Bahrain achieved PCI DSS v4.0 certification, highlighting its commitment to secure digital payment transactions. The rigorous audit by a Qualified Security Assessor ensured compliance with global standards. This milestone reinforces stc pay’s position as a leader in the digital payment landscape, providing customers with a secure and reliable financial platform.
