Nepal Telecom’s net profit declined 48.6% to Rs 2.84 billion in the first nine months of FY 2024/25 due to a 46% drop in interest income. Customer service revenue remained steady, but overall total revenue fell. EPS dropped to Rs 21.05 from Rs 41.
Nindohost, Morocco’s leading web hosting provider, is expanding into 13 African countries to offer cloud and cybersecurity solutions tailored to local markets. The move supports Africa’s digital transformation with multilingual support, flexible payments, and partnerships fostering local innovation and digital sovereignty.
Maroc Telecom proposes replacing its dual-board governance structure with a unified board of directors led by a president-director general. The June 18 shareholders meeting will decide on this shift, aimed at consolidating decision-making and management authority.
TCS has partnered with Jazeera Airways to lead its digital transformation, upgrading its digital platforms and AI chatbot. The initiative aims to triple passenger capacity and boost digital revenue by 2029 while enhancing customer experience and operational excellence across Jazeera’s expanding global network.
Jordanian banks hired 2,613 new employees in 2024, half recent graduates, but face a skills mismatch amid digital transformation. The ABJ calls for education reforms and stronger academia-industry partnerships to equip graduates with skills in AI, cybersecurity, and fintech to meet evolving banking demands.
Omantel reported RO 3.03 billion in revenue for 2024, driven by strong domestic growth and regional performance through Zain Group. Its new “Portal to the Future” strategy focuses on AI, cloud, fintech, and sustainability, positioning the company as a key enabler of Oman Vision 2040 and regional digital transformation.
Iraq is advancing digital transformation by partnering with Nokia to build infrastructure for government and industry innovation. The Central Bank of Iraq is developing a digital currency and aiming to eliminate paper transactions, reflecting a broad national push towards a digital government and AI integration.
Jordan is strategically leveraging its location and stability to become a digital gateway from Asia to Europe, complementing Saudi Arabia’s AI ecosystem. With advanced digital infrastructure and growing connectivity projects, Jordan aims to attract investment despite regional challenges and trade hurdles, positioning itself as a hub for future AI and digital growth.
Thndr raised $15.7 million led by Prosus to expand its digital investment platform in the UAE and Saudi Arabia. It launched Thndr Alpha and ThndrX for beginners and professionals and seeks an asset management license in Egypt. Thndr continues to democratize investing for underserved MENA populations.
Thndr raised $15.7 million led by Prosus to expand its digital investment platform across MENA, focusing on the UAE and Saudi Arabia. The Cairo-based fintech leads retail investing in Egypt, onboarding 82% of new EGX investors and growing female participation. The funding supports regional growth and financial inclusion efforts.
