KNETCO achieved remarkable growth in 2024, surpassing sales targets, strengthening its leadership in telecom and infrastructure, and advancing next-generation technologies like 5G. The company also launched innovative digital services and fostered a positive workplace culture, positioning itself as a key player in Kuwait’s digital transformation.
Oracle plans to train and certify 350,000 individuals across the Middle East to address the growing demand for Oracle Cloud. The initiative will focus on skills in cloud technologies, AI, DevOps, and more. The program will support the region’s AI economy and create a local pool of certified professionals.
Insight Terra, a South African climate tech platform, has secured $5.7 million in funding to scale its operations. The investment will support the expansion of its commercial and technical teams and enhance the platform’s capabilities in environmental risk management. Insight Terra focuses on providing actionable insights to mitigate environmental impacts.
Fincart, an Egyptian startup helping e-commerce SMBs with shipping and working capital, has secured an undisclosed pre-seed funding round led by Plus VC and other regional investors. The funds will enhance its tech platform and courier network, supporting the growing e-commerce markets in Africa and the Middle East.
EDGE Group has acquired a 30% stake in Israeli defense firm ThirdEye Systems, marking a significant step in UAE-Israel defense cooperation. The $10 million investment will establish a joint venture focusing on electro-optical object recognition systems. Despite political differences, economic and defense ties between the two countries remain strong.
X, formerly known as Twitter, is preparing to launch its payments service, X Money, with Visa as its first partner. The service will support secure, instant funding of X Wallets and enable peer-to-peer payments. This move aligns with X’s goal to become an “everything app.”
Grameenphone, in partnership with itel, has launched a co-branded affordable smartphone designed to enhance connectivity. The phone comes with exclusive data offers like free internet and discounted data packages. This initiative supports a digitally inclusive future by providing more accessible mobile solutions to Grameenphone’s customers.
EDOTCO Bangladesh has launched a 5G-ready Tower Operation Centre in Dhaka, aimed at enhancing the management of telecom towers nationwide. The facility offers real-time monitoring, improved connectivity, and energy optimization. This development sets a new benchmark for operational efficiency in the telecommunications industry.
Bahrain has partnered with Wego to promote its cultural and modern attractions, highlighting landmarks like Qal’at al-Bahrain and the Bahrain International Circuit. The collaboration focuses on digital innovations, sustainable tourism, and luxury investments, positioning Bahrain as a dynamic and forward-thinking destination for global travelers.
Zain Business has partnered with Aramex to enhance fleet management in Bahrain through advanced Smart Vehicle Surveillance solutions. The technology offers real-time fleet monitoring, video backup, and remote access, improving security and efficiency. This collaboration aims to support innovation and operational excellence, benefiting customers with enhanced service delivery.
