Orange MEA and GIZ have launched the “Master Repair” initiative to enhance youth employability and foster entrepreneurship in Morocco, Tunisia, Senegal, and Egypt. The project offers training in electronics repair, solar tech, and fiber optics, targeting young women and people with disabilities, promoting self-employment and sustainable skills.
Telecom Egypt reported a 5.59% YoY decline in consolidated net profit for the first nine months of 2024, totaling EGP 8.637 billion. Operating revenues rose to EGP 58.43 billion. The company’s standalone profit also decreased during the same period, reflecting a challenging year for the telecom operator.
The Public Investment Fund (PIF) of Saudi Arabia completed the sale of 100 million shares in Saudi Telecom Company (stc), raising $1.03 billion. The oversubscribed offering marks the largest accelerated bookbuild in Saudi Arabia and the MENA region. PIF retains 62% of stc’s shares as part of its strategic capital recycling plan.
STC Group, through its subsidiaries STC Bahrain and Center3, has invested $300 million to construct a new data center park and inaugurate the 2Africa Pearl subsea cable in Bahrain. These initiatives aim to expand STC’s global footprint, supporting Bahrain’s 2030 Economic Vision with enhanced digital infrastructure and sustainability goals.
Zong, in collaboration with ZTE, has launched the industry-first Omni 12T12R UBR Site in Pakistan. This innovation reduces RRU costs by 67% and tower space requirements while boosting data traffic and throughput. Zong remains committed to advancing network capabilities and enhancing the user experience with cutting-edge wireless technologies.
Key Giveaways: Riyadh, Saudi Arabia – Red Bull MOBILE in Saudi Arabia, powered by Future Network Telecommunications, has partnered with Jahez…
This new AI policy signals Pakistan’s commitment to leveraging advanced technologies to enhance cybersecurity and foster a secure and thriving digital economy.
The collaboration aims to advance technological infrastructure and fuel digital transformation initiatives in Sharjah.
Zain KSA has secured the 600 MHz spectrum band in the latest spectrum auction, enhancing its 5G network coverage across cities, villages, and remote areas. This acquisition strengthens its ability to provide advanced 5G services, including IoT and smart city solutions, further supporting the goals of Saudi Vision 2030.
Space42, the UAE-based space tech company, reported a 17.5% increase in profit for the first nine months of 2024, totaling $118.8 million. The company’s performance was boosted by the merger with Bayanat and Yahsat. Despite a revenue decline, Space42 remains focused on profitable growth and innovation in tech solutions.
