The Algerian Stock Exchange experienced historic growth in 2024, with market capitalization reaching 518 billion dinars. The anticipated listing of telecom giant Djezzy in 2025 is expected to further boost the exchange’s profile. Ongoing modernization efforts aim to attract more investors and enhance market accessibility for SMEs.
Ooredoo has signed 10 memoranda of cooperation with 40 Omani SMEs to support their growth and sustainability. The partnership includes offering communication packages, training programs, and telecommunication services to improve business efficiency and provide additional revenue opportunities through reselling Ooredoo services.
Zain KSA has secured a license from the Digital Government Authority to provide digital authentication services, supporting Saudi Arabia’s digital transformation under Vision 2030. The services will enhance electronic transactions, ensuring security and compliance with regulations, and will be available to both government and private sector clients.
The UAE’s tech sector is on track for significant growth in 2025, driven by advancements in AI, cloud computing, and blockchain. With substantial investments in digital infrastructure and supportive policies, the UAE continues to attract emerging tech companies, positioning itself as a leading global hub for innovation and digital transformation.
SEALSQ Corp is expanding its presence in Saudi Arabia, collaborating with WISeKey and Juffali Group to support the Kingdom’s Vision 2030. Key initiatives include the deployment of WISeSat.Space, a quantum-resistant satellite solution for IoT data, and collaboration with Hedera to promote blockchain-based applications and innovation in emerging technologies.
Pakistan is exploring options for LEO satellite operators like Starlink to expand services, aiming to improve connectivity in rural areas. While HEO operators dominate the market, LEO satellites face regulatory challenges and infrastructure costs. The future of satellite internet in Pakistan hinges on aligning with legal and strategic requirements.
In 2024, Zain Kuwait continued its leadership in telecom and digital innovation, supporting sports, empowering youth, and promoting sustainability. The company launched the Zain Great Idea accelerator, achieved significant 5G breakthroughs, and spearheaded campaigns like Zain Alshuhoor Ramadan, all contributing to Kuwait’s growth and community well-being.
Space42, formed from Al Yah (YahSat) and Bayanat AI, launched its Thuraya 4 satellite to replace older units. The satellite supports a $799 million revenue backlog, with plans for Direct-to-Device services. The UAE government has committed $800 million over 15 years to support Space42’s ambitions in global non-terrestrial communications.
SAP has launched its Business Technology Platform (BTP) on Google Cloud in Saudi Arabia for regulated customers. The collaboration supports digital transformation within government and critical infrastructure sectors, providing secure cloud solutions that align with Saudi Vision 2030. The initiative enhances performance and scalability while ensuring compliance with local regulations.
Sheikh Sultan Bin Ahmed met with delegations from e& UAE and the Ministry of Justice to discuss collaboration in digital infrastructure and judicial services. The discussions focused on enhancing Sharjah’s telecommunications sector, supporting e&’s advancements in AI and fibre-optic networks, and modernizing the judicial system in the UAE.
