Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
stc Group reported strong FY 2024 results, with an 85% surge in net profit reaching SAR24.7 billion. The company saw revenue growth of SAR75.8 billion and made significant strategic moves, including launching a digital bank, expanding in Telefónica, and enhancing its infrastructure offerings. Cash dividends of SAR3.75 per share were declared.
IBM has partnered with Riyadh Air to integrate AI-driven solutions, including watsonx and IBM Consulting’s services, to transform the airline’s operations. This collaboration will enhance guest and employee experiences, positioning Riyadh Air as the world’s first digital-native airline, aligning with Saudi Arabia’s Vision 2030.
Ncell has launched Renewal Packs that offer 30-day validity, large data volumes, and unlimited YouTube streaming. The packs aim to simplify user experience by removing the need for constant re-subscription. Available in various price categories, they provide long-term, affordable, and uninterrupted mobile connectivity.
Nepal Telecom has urged customers to use mobile data for digital payments instead of public WiFi, citing security risks. Public WiFi exposes users to fraud and hacking, while mobile data offers a more secure option. NTC also offers affordable data packs to encourage safer transactions.
Mohamed Benchâaboun has been appointed Chairman of the Management Board of Maroc Telecom, effective March 1, 2025. He replaces Abdeslam Ahizoune, who significantly contributed to the company’s growth. The board also renewed the terms of four other Management Board members for continued leadership until 2027.
Zain KSA and Dell Technologies have partnered to transform the cloud ecosystem in Saudi Arabia. Through this collaboration, Zain will leverage Dell’s expertise to offer automated cloud services, empowering businesses to seamlessly manage their cloud services and driving digital transformation across the region.
Egypt’s internet users have reached over 82 million, and the country has earned global recognition for its cybersecurity efforts, ranking among the top 12 nations in the Global Cybersecurity Index. Despite rising cyber risks, Egypt remains committed to enhancing digital security and supporting global cybersecurity initiatives.
Bangladesh’s mobile financial services transactions are projected to exceed Tk 25 lakh crore by 2025, reflecting the rapid growth of digital financial services. The Bangladesh Bank has upgraded its RTGS system and is working on a mobile interoperability platform to further enhance financial accessibility and security.
Robi Axiata reported its highest-ever profit for 2024, with a 119% increase in profit to Tk703 crore. The company also proposed a 15% cash dividend to shareholders, marking its largest payout since 2020. Despite challenges, Robi continues to invest in digital infrastructure and maintain a strong 4G network.
Algérie Telecom has launched a variety of Ramadan offers to enhance internet services, including discounts on modems, extra subscription days, and data packages for customers. The company also introduced the “IDOOM El Khir” solidarity caravan to distribute food to charity restaurants, reaffirming its commitment to digital access and social responsibility.