Finnfund has invested €10 million in WorldLink Communications, Nepal’s largest internet service provider, to expand the country’s fiber network and build its first Tier III-standard data center. This investment will support digital inclusion, offering faster and more reliable internet services across Nepal’s rural and remote areas.
Entlaq has partnered with Informa Markets to launch Egypt’s Clean-Tech Landscape 2024 report, aimed at positioning Egypt as a regional leader in clean technology. The report highlights growth opportunities in renewable energy, waste management, and green hydrogen, offering actionable recommendations to drive investment and innovation in the sector.
Geidea is expanding its SoftPos service to Egypt after a successful launch in Saudi Arabia and the UAE. This solution enables merchants to accept secure, contactless payments via smartphones, eliminating the need for traditional POS devices. The launch marks a key step in Geidea’s strategy to transform the region’s digital payment landscape.
Viasat successfully demonstrated direct-to-device (D2D) satellite connectivity in Saudi Arabia, showcasing satellite-enabled two-way communication using a commercial Android smartphone. This milestone, part of Viasat’s ongoing innovation, could bridge connectivity gaps in regions with limited terrestrial services and support new opportunities in various industries.
e& Egypt has successfully begun manufacturing Egypt’s first fully local 5G router at the SICO factory in Assiut Governorate. This step is part of the company’s strategy to boost local production and meet customer demands, while also contributing to Egypt’s position as a regional technology and manufacturing hub.
BNET has successfully acquired Infonas’ fixed fiber assets, marking a key milestone in Bahrain’s National Telecommunications Plan (NTP5). This acquisition unifies the Kingdom’s broadband infrastructure, enhancing fiber-optic services. BNET is committed to creating a single network, improving coverage, and elevating service quality across Bahrain.
Khalifa University and Lockheed Martin have signed an MoU to expand collaboration in aerospace and defense technologies. The partnership will establish Lockheed Martin’s Center for Innovation and Security Solutions at Khalifa University’s campus, focusing on AI, simulation, and autonomous systems to enhance the UAE’s technological leadership.
Quantum.Tech is expanding into the Gulf region with an event in Qatar in January 2025. The conference, in partnership with Hamad Bin Khalifa University and Invest Qatar, will focus on quantum technologies such as cryptography and AI, attracting global industry leaders and fostering collaboration in the region’s growing digital ecosystem.
Saudi Telecom (STC Group) has received approval from the Spanish government to increase its stake in Telefonica to 9.97%. The decision follows an analysis to ensure compliance with Spanish legislation and national defense interests. STC has stated that it does not seek control or a majority stake in Telefonica.
Viasat has successfully demonstrated direct-to-device (D2D) satellite connectivity in Saudi Arabia, showcasing the potential of satellite-enabled communication for everyday devices. The demonstration highlighted the feasibility of satellite-to-cell phone connectivity and the future possibilities of seamless mobile and satellite integration, furthering the development of global connectivity solutions.
