PTCL Group achieved 17% revenue growth in 2024, driven by strong performance in broadband, mobile data, and business solutions. Key highlights include Ufone’s 25% revenue growth, Flash Fiber’s market leadership, and PTCL’s innovative services. The company also focused on social impact through initiatives like ‘Dil Se’ and women’s empowerment programs.
France, Morocco, and other international partners have launched the ‘Current AI’ initiative, aiming to raise $2.5 billion to develop AI systems focused on social and environmental impact. This project strengthens Morocco’s commitment to AI adoption in key sectors like education and healthcare, fostering global innovation and collaboration.
Algeria showcased its growing entrepreneurial ecosystem at the LEAP 2025 Tech Conference in Riyadh through Algeria Venture, featuring startups in sectors like AI, energy, and e-commerce. The initiative highlights Algeria’s commitment to innovation, supports networking with global investors, and aims to position the country as a leading innovation hub.
Madica has invested $800,000 in four African startups, providing $200,000 to each. The startups focus on healthtech, femtech, e-mobility, and AI. With this round of funding, Madica aims to support high-growth businesses, emphasizing gender diversity in leadership and expansion into North Africa, targeting profitable exits.
Pakistan’s government plans to launch 5G services by mid-2025, aiming to resolve internet speed issues. Despite financial concerns highlighted in the PTA’s 2024 report, the government remains committed to overcoming challenges in transitioning to 5G, with an emphasis on improving connectivity and telecom industry growth.
Iran’s TIC, Omantel, and Pishgaman have partnered to create a data transit corridor between Iran and Oman. This collaboration aims to increase data capacity to 4.5 Gbps, enhance international connectivity, and position Iran as a regional data hub, reducing data transfer costs and time between Asia, the Middle East, and Europe.
Dubai Future Foundation and IBM have partnered to position Dubai as a global AI hub. The collaboration supports the Dubai Economic Agenda (D33) and the Dubai Universal Blueprint for AI, aiming to accelerate AI adoption and technological development. It includes establishing an AI innovation center and participating in Dubai AI Week.
The DXB Female Founders event series, sponsored by Google Cloud, aims to empower women entrepreneurs in the UAE. Hosted at Google Cloud’s Dubai office, the series offers workshops, expert sessions, and mentorship to support women in scaling their businesses and achieving success in a competitive landscape.
Merak Capital has partnered with Microsoft to support gaming startups in Saudi Arabia, leveraging Microsoft’s resources, including Azure cloud and advanced tools. This collaboration aims to accelerate innovation, provide mentorship, and expand global market access. The partnership aligns with Saudi Vision 2030, fostering growth in the gaming industry.
Diriyah Company has partnered with IBM to implement the IBM Maximo Application Suite for asset management in its City of Earth project. The collaboration leverages AI-powered solutions for predictive maintenance and real-time monitoring to enhance performance, sustainability, and operational efficiency, positioning Diriyah as a smart city leader.
