Qetaat’s Chief Business Officer, Mr. Sadeq Abdulrasool, highlighted the significant e-commerce growth potential in Bahrain’s construction sector at Seamless Middle East 2024, emphasizing increased transparency, regional market opportunities, and the benefits of digital trade.
Telecom Egypt has secured a $200 million medium-term loan from Banque Misr UAE to refinance short-term facilities. The five-year loan will be repaid using foreign currency revenues, enhancing the company’s liquidity and aligning with its proactive capital expenditure strategy to mitigate forex risks.
The Moroccan government has announced a new program to extend high-speed internet to 1,800 rural areas, part of its National Plan for the Development of High and Very High Speed Broadband. This initiative, aligned with the National Digital Development Strategy 2030, aims to boost economic growth, improve public services, and foster digital inclusion.
e-finance has acquired stakes in Al Ahly Momken (25%) and EasyCash (13%) to expand its digital payments presence in Egypt, supporting Vision 2030. This partnership aims to leverage e-finance’s technology to develop innovative payment solutions, enhancing services for over 90,000 merchants and 5 million customers.
Ooredoo has partnered with Nutanix to develop a hybrid multi-cloud environment for Qatar Airways, enhancing customer experience and operational efficiency. Additionally, Ooredoo is extending its partnership with Netcracker to improve CRM and revenue management, supporting various services and industries, including ICT, IoT, fintech, and entertainment.
Arabsat is partnering with ST Engineering iDirect to integrate cloud technologies into its gateway infrastructure, expanding satellite connectivity in the Middle East, Africa, and Asia. This initiative will enhance Arabsat’s coverage, provide vital managed services, and support Saudi Arabia’s broader space investment and efforts to deliver satellite internet to underserved regions.
Microsoft and G42 announced a $1 billion digital investment in Kenya, including a state-of-the-art green data centre to support Microsoft Azure. This initiative aims to enhance Kenya’s digital infrastructure, develop local AI models, expand connectivity, and ensure secure cloud services, fostering digital transformation and economic growth across East Africa.
Pakistan is launching the MM1 communication satellite on May 30 to enhance its communication infrastructure. The satellite will address the increasing demand for high-speed internet and connectivity. This follows the successful ICUBE-Q lunar mission, highlighting the crucial role of satellites in disaster management, environmental monitoring, and technological advancement.
The US Trade and Development Agency (USTDA) awarded a feasibility study grant to CdNet Communications Ltd for the Bangladesh International Submarine Cable (Bagha-1). This project aims to boost internet capacity and quality across Bangladesh, enhancing digital infrastructure and connectivity for advanced services like 5G and international data centers.
Orange Jordan has launched Fiber to the Room (FTTR) and Wi-Fi 6 technologies, providing customers with high-speed, reliable internet. Covering 1 million households across main cities and governorates, these advancements ensure strong, stable connections for all family members, revolutionizing internet services in Jordan.
