Smartphone shipments in the Middle East (excluding Turkey) grew by 20% in Q2 2024, reaching 11.5 million units. Samsung led with a 28% market share, followed by Xiaomi with 20%, and TRANSSION with 16%. The region saw strong growth in key markets, with significant contributions from affordable models and strategic pricing.
Yuze, a UAE-based FinTech, raised $30 million in a funding round led by Osten Investments to expand its financial services for SMEs, e-traders, and freelancers. The investment will support Yuze’s growth into new markets, aiming to reach one million customers in five years, and advance financial inclusion for SMEs.
Smart Vision, a leading Saudi telecom infrastructure company, is revolutionizing the industry with innovative solutions and a commitment to quality. Offering comprehensive services, from network planning to turnkey solutions, the company leverages cutting-edge technology and sustainable practices. With a growing presence in the GCC, Smart Vision is positioned to lead the future of telecom infrastructure.
Oman will launch its Open Data Platform by the end of the year, a major step in its digital transformation strategy. The platform will enhance public access to government data, fostering transparency and innovation. Aligned with Oman’s Vision 2040, it aims to support economic growth and position Oman as a leader in data transparency.
Nepal Telecom (NT) reported a 16.44% decline in net profit for Q4 FY 2080/81, dropping to Rs. 6.62 billion. The decrease was driven by a 4.99% reduction in revenue and significant declines in investments and finance income. However, the company saw a slight increase in reserves and reduced operating expenses by 12.98%.
Egypt has achieved the highest landline internet speeds in Africa and ranks second continentally, fifth globally, for affordable high-speed internet at $8.31 monthly. These advancements, reported by Speedtest and Business Insider, are due to infrastructure upgrades by the Ministry of Communications and the Egyptian Telecom Company using fiber optic technology.
Es’hailSat and Algérie Télécom Satellite (ATS) are exploring a partnership to enhance Algeria’s telecom services using satellite technology. Es’hailSat, with over 12 years of experience in the Middle East and North Africa, aims to support ATS’s efforts to modernize Algeria’s communication infrastructure, aligning with the country’s broader development goals.
GlobalTech Corporation has launched a Center of Excellence for Big Data and AI in Pakistan, marking a key milestone in its global expansion. Located within WorldCall Telecom, the facility will support product development and efficient project deployments. This initiative underscores GlobalTech’s commitment to technological innovation and growth in the tech sector.
Telecom Egypt reported a 35% revenue increase in H1 2024, reaching EGP 38 billion, driven by a surge in retail and data revenue. Despite economic challenges, the company achieved strong growth in customer base and international operations. Telecom Egypt remains focused on optimizing CapEx and positioning itself as a regional data hub.
e& UAE has launched a revolutionary Fibre-to-the-Room (FTTR) solution, delivering high-speed internet directly to each room in homes. This innovative service addresses Wi-Fi coverage issues in large residential spaces, ensuring seamless connectivity for smart homes, gamers, and tech users. It represents a significant step towards a digitally empowered future.
