Saudi Aramco and BYD have signed a joint development agreement to advance new energy vehicle (NEV) technologies. The partnership will leverage both companies’ R&D capabilities to foster breakthroughs in the sector, aligning with Saudi Arabia’s vision for 30% electrification by 2030 and supporting sustainable transportation innovations.
stc Group has partnered with Kyndryl to enhance its digital services with advanced multicloud management capabilities. This collaboration, in line with Saudi Vision 2030, aims to simplify cloud adoption and provide secure, scalable solutions, benefiting both stc and its customers through innovative digital offerings, AI capabilities, and integrated platforms.
ITHCA Group and Yango Group have acquired Otaxi, a leading Omani ride-hailing platform, to accelerate digital transformation in Oman. The partnership aims to enhance Otaxi’s services, expand operations, and introduce new features like home delivery and vehicle rentals, supporting Oman’s Vision 2040 for technological innovation and economic diversification.
Algeria has launched a plan to develop renewable energy and green hydrogen projects, aiming to reduce reliance on conventional electricity and save fossil fuels for export. Funded by the EU and Germany, the initiative seeks to increase renewable energy to 27% of the energy mix by 2026, alongside green hydrogen development.
Jordan’s mobile phone imports in Q1 2025 totaled 306,000 units worth JD38.6 million, a slight increase in value compared to the previous year. However, the quantity dropped significantly due to rising global smartphone prices. Pricing variations were influenced by consumer demand, with high-end models dominating in markets like the US.
The Middle East’s telecommunications market is forecast to experience moderate growth from 2024 to 2035, with a 0.9% CAGR for market volume and 1.8% CAGR for market value. Iran, Turkey, and Saudi Arabia lead consumption, while Israel dominates exports. The region’s market is set to reach $2.4 billion by 2035.
Engro Holdings, led by CEO Abdul Samad Dawood, expressed interest in expanding investments in Bangladesh’s telecommunications and energy sectors during a meeting with Chief Advisor Muhammad Yunus. Engro aims to partner in the distribution of gas from Bhola and contribute to transformative, long-term industrial projects in the country.
AI-powered marketing is now essential for GCC telecom operators to remain competitive. By utilizing advanced data and AI-driven personalization, they can drive customer engagement, reduce churn, and boost revenues. Immediate action is needed to harness these capabilities and stay ahead in the rapidly evolving telecom market.
Prepaid mobile users in Qatar are urging authorities to extend credit validity periods and introduce more flexible packages, citing frustration over the current short validity of prepaid balances. Industry experts and customers alike are calling for changes to improve customer satisfaction and align services with modern usage patterns.
The second SaudiFood Manufacturing show, set for April 13-15 in Riyadh, will spotlight industry innovation, sustainability, and emerging business models in the Kingdom’s food sector. With over 550 international brands and thought leaders, the event aligns with Saudi Arabia’s Vision 2030, driving growth and local food production.
