Thunes has integrated PayPal’s Hyperwallet into its Direct Global Network, enabling real-time fund transfers to over 450 million mobile wallets and bank accounts across six APAC countries. This partnership enhances Hyperwallet’s ability to support cross-border payments through Thunes’ extensive network and payment capabilities.
The UAE’s Mohammed Bin Rashid Space Centre (MBRSC) successfully launched MBZ-SAT, the region’s most advanced satellite. Developed by Emirati engineers, the satellite boasts cutting-edge technology for Earth observation. This achievement marks a significant step in the UAE’s space exploration goals and its growing capabilities in global space technology.
Lenovo and Alat, a Saudi PIF company, have completed a $2 billion investment deal, establishing a regional headquarters and sustainable manufacturing facility in Saudi Arabia. This partnership will enhance Lenovo’s presence in the Middle East and Africa, support job creation, and align with Saudi Arabia’s Vision 2030 goals.
Jordan’s ICT market is projected to grow from $3.73 billion in 2025 to $5.10 billion by 2030, driven by digitalisation, 5G adoption, and advancements in technologies like AI and robotics. Investments in cloud infrastructure and government initiatives are also fueling growth, especially in the e-commerce sector.
Sigma Capital has launched a $100 million fund to invest in web3 sectors, focusing on decentralized finance, blockchain infrastructure, tokenization, gaming, and the metaverse. The firm aims to invest in 100 early-stage startups and 25 liquid tokens over three years, optimizing portfolio performance and supporting emerging web3 innovations.
The World Future Energy Summit 2025 in Abu Dhabi highlights innovations in clean energy and sustainability. Key discussions include the role of women in decarbonization, the need for ambitious NDCs, and advancements in water management and electric vehicles. The summit also features a new global investment fund in renewable energy.
Dubai has launched the Creators HQ at Emirates Towers, supported by an AED 150 million ($40.8 million) Content Creators Support Fund, to attract 10,000 influencers. The initiative, unveiled during the 1 Billion Followers Summit, offers comprehensive services to creators, including UAE Golden Visa support, training, and strategic partnerships with Meta.
Huawei Cloud has been officially enrolled in Saudi Arabia’s EXPRO Cloud National Framework Agreement, enabling the provision of IaaS and PaaS solutions to government entities. This strategic collaboration will enhance the Kingdom’s digital transformation efforts, improving operational efficiency while maintaining data sovereignty and security within the public sector.
The 24th Sheikh Salem Al-Ali Al-Sabah Informatics Award has announced its winners for 2024, recognizing digital excellence from Kuwait, Saudi Arabia, and Tunisia. The winners include SACGC and Bleems Company from Kuwait, the Saudi Ministry of Municipalities and Housing, and Dr. Farouk bin Nouri Kamoun from Tunisia.
Qatar’s e-services market is expected to grow significantly, driven by digital transformation and increased online usage. The online service market is forecasted to generate $1.628 billion by 2025, with steady growth through 2029. The online food delivery sector is also projected to see significant revenue growth in the coming years.
