Egypt is rapidly emerging as a key data centre hub in North Africa, driven by strategic investments in digital infrastructure and renewable energy. With its prime location connecting Africa, Europe, and Asia, and the launch of its first government data centre, Egypt is poised to become a major player in the global data economy.
Bitpanda Technology Solutions has partnered with CoinMENA to enhance crypto asset trading in the MENA region. This collaboration will improve trading efficiency on CoinMENA’s platform and expand the range of crypto assets available to users. Both companies will work closely with regulators to ensure compliance and deliver a seamless trading experience.
Sony has launched the MENA Hero Project, an incubator program designed to support game developers in the Middle East and North Africa. The initiative offers mentorship, training, and project-based investment to developers in several MENA countries, aiming to lower entry barriers and showcase emerging talent in the region’s gaming market.
Saudi Arabia’s e-commerce sector is experiencing rapid growth, driven by government support and digital innovation. The sector is projected to reach €12.222 billion by 2023, with significant contributions from SMEs. This expansion aligns with the country’s broader economic transformation goals, positioning Saudi businesses as key players in the global digital marketplace.
The Competition Commission of Pakistan (CCP) successfully recovered a Rs5 million penalty from Wateen Telecom after a prolonged legal battle. The penalty stemmed from an exclusive agreement between Wateen Telecom and DHA Lahore, which violated the Competition Act, 2010. The recovery was made under the CCP’s authority to enforce penalties on non-compliant entities.
Dubai AI Campus and Google Cloud have partnered to boost the growth of startups within the Dubai AI Campus. The collaboration will provide mentorship, resources, and access to Google Cloud’s AI innovations, supporting Dubai’s vision to become a global tech hub. This partnership aims to accelerate AI-driven innovation and entrepreneurship in the region.
The Global AI Summit 2024 in Riyadh will bring together over 300 global AI leaders to explore advancements in AI, including Generative AI, AI in urban life, and ethical governance. Hosted by SDAIA, the summit will feature high-profile discussions, international collaborations, and agreements aimed at advancing global AI innovation and responsible AI practices.
Saudi Arabia has launched the Digital Future Readiness Program, aiming to train 7,000 residents in generative AI. Led by the Ministry of Communications and Information Technology and Noon Education, the initiative seeks to strengthen the nation’s AI talent pool, supporting Saudi Arabia’s goal of becoming a global leader in AI innovation and education.
Riyadh Air, Saudi Arabia’s new airline, has partnered with noon Payments to offer secure and efficient digital payment solutions. This collaboration enhances the travel experience by providing multiple payment options and industry-leading features, reflecting Riyadh Air’s commitment to innovation and supporting Saudi Arabia’s broader economic and technological goals.
The UAE’s new Jaywan payment platform, backed by Al Etihad Payments, is set for a full rollout in Q4-2024, offering lower-cost debit and prepaid card options. Supported by banks, e& UAE, and du, Jaywan aims to provide significant savings and tailored rewards for UAE consumers, enhancing both online and in-store payment experiences.
