Data monetization offers organizations a way to transform their data into economic value through direct or indirect strategies. As the global market grows, Saudi Arabia and other regions are investing in data technologies to optimize business processes, overcome challenges like data quality, and create new revenue streams.
Bayanat, a leading AI-powered geospatial solutions provider, and South Korean autonomous technology firm Autonomous a2z, have announced a joint venture to develop and deploy autonomous systems in the UAE and the wider MENA region. This partnership was launched at the DRIFTx event in Abu Dhabi, showcasing a teleoperated vehicle from South Korea, and aligns with UAE’s technological innovation goals.
Kaspersky has partnered with iPoint in Bahrain to distribute its consumer cybersecurity products, including Kaspersky Standard, Plus, and Premium, along with tools like Kaspersky Safe Kids and Password Manager. This collaboration strengthens Kaspersky’s presence in Bahrain, addressing the growing cybersecurity needs in the region’s rapidly digitizing market.
The Asia-Pacific telecommunications instruments market is expected to grow steadily, reaching 4.9 million units and $12.3 billion by 2035. Despite a decline in consumption and market value in 2024, key countries like China, India, and Japan continue to lead the market in both production and consumption, with long-term growth projections.
F1Soft, Nepal’s leading fintech company, celebrates its 21st anniversary and announces a leadership transition, with Siddhant Thakuri becoming the new President. F1Soft has been a pioneer in digital financial solutions, including mobile banking and digital wallets. Thakuri aims to accelerate the company’s next phase of growth and innovation.
The MENA ICT Forum 2024, held at the Dead Sea, concluded with key recommendations focused on advancing regional technology innovation. The forum emphasized areas like financial technology, cybersecurity, and AI, while also stressing the importance of entrepreneurship, education, and workforce development. These steps aim to enhance global competitiveness in the tech sector.
Vodafone Egypt launched a digital platform for journalists to enhance communication and support Egypt’s digital transformation. The platform offers real-time information, interview requests, and press releases, improving media interactions. The launch event featured prominent media figures and discussions on the impact of digital transformation on Egypt’s media landscape.
Pakistan’s IT sector has grown significantly, with 20,000 registered companies and $2.283 billion in exports. The federal government proposed a 357% budget increase for 2024-25, allocating funds for new projects, digital economy initiatives, and IT parks in Islamabad and Karachi, reflecting the sector’s expanding role in the economy.
Tunisia’s Ministry of Communication Technologies and INT are cracking down on unregistered SIM cards to combat cybercrime and fraud. Telecom operators must deactivate improperly registered SIM cards until valid ID verification is completed. This initiative aims to update subscriber data, curb unauthorized SIM sales, and address inflated mobile subscriber figures in the country.
Oman is making strides in AI innovation, with numerous startups leading the charge across various sectors. From marine sustainability to FinTech, these AI-driven companies are shaping the future of industries in the Sultanate. The government’s National AI Program supports the goal of boosting digital economy contributions to 10% by 2040.
