Ooredoo reported a 14% increase in normalised net profit to QR1.9 billion for H1 2024. Revenue grew by 3% to QR11.8 billion, and EBITDA rose by 6% to QR5.1 billion. The company completed the sale of Ooredoo Myanmar and launched several strategic initiatives, including the “walletii” mobile money app and MENA Digital hub.
Digital Dubai, in collaboration with government and private sector partners, is implementing the Strategic Vision for the Data Centre Economy. This initiative aims to position Dubai as a leading destination for sustainable, AI-driven data centres, enhancing digital transformation and economic productivity, and supporting next-generation technologies like Web 3.0, Metaverse, and Smart Cities.
Leading UAE telecom company e& reported a 6% increase in H1 2024 revenue, reaching AED28.3 billion ($7.7 billion), and a 17% rise in net profit to AED5.5 billion ($1.5 billion). The strong performance was driven by innovation and digital transformation, with the subscriber base growing to 175 million.
Synapse Analytics secured $2 million in funding to expand its AI technologies across the GCC and Africa. The investment, led by Silicon Badia and Hub 71, will enhance financial inclusion and decision-making for financial institutions. Synapse’s AI solutions include credit scoring, dynamic pricing, and eKYC, positioning it as a key player in digital finance transformation.
stc pay Bahrain achieved PCI DSS v4.0 certification, highlighting its commitment to secure digital payment transactions. The rigorous audit by a Qualified Security Assessor ensured compliance with global standards. This milestone reinforces stc pay’s position as a leader in the digital payment landscape, providing customers with a secure and reliable financial platform.
Du, in collaboration with Nokia and MediaTek, achieved a 70% boost in uplink performance on its 5G Advanced network in the MEA region. This trial, a first in the region, utilized advanced 5G technologies to enhance connectivity and indoor coverage, supporting high-demand applications like video conferencing and live streaming.
United Arab Emirates: The Telecommunications and Digital Government Regulatory Authority (TDRA) has launched the Knowledge Hub program designed to train employees…
The FAO launched the Digital Agriculture Consortium (DAC) in Islamabad, aiming to transform Pakistan’s agriculture through digital means. The event showcased advanced technologies and discussed strategies to enhance productivity and efficiency. The DAC will integrate key stakeholders to drive the digital transformation of agriculture, fostering collaboration and sustainable development across Pakistan.
Cartona, a B2B platform digitizing Egypt’s traditional trade market, raised $8.1 million in a Series A extension. The funds will accelerate growth, expand market share, and support regional expansion. The company’s asset-light model and strong unit economics have driven substantial growth, now serving over 188,000 retailers across 17 Egyptian cities.
UNESCO Kathmandu organized a consultation on AI in Education, uniting over eighty stakeholders to explore AI’s transformative potential in Nepal’s education system. Discussions focused on integrating AI to enhance learning, promote inclusivity, and develop robust policies. This initiative aims to prepare students for a tech-driven future and improve educational outcomes.
