Telecom Egypt has clinched an EGP 18 billion syndicated loan led by 13 banks to refine its financial structure and support expansion. This strategic financial maneuver is set to enhance the company’s liquidity and align its long-term growth strategies with improved financial management practices.
Deloitte has launched the Deloitte Innovation Hub in Cairo with a $30 million investment over three years, recognizing Egypt’s talent in technology fields. The hub aims to foster local talent and provide services in AI, data analysis, and cybersecurity, with plans to expand its workforce to 5,000.
Dialog Axiata has partnered with Barista to enhance its Metaverse platform, Dialog Futureverse, by introducing a virtual Barista Café. Users can socialize, enjoy virtual coffee, and earn vouchers redeemable at Barista outlets. This collaboration marks Barista as the first Quick Service Restaurant partner on Futureverse.
Orange Jordan has expanded its 5G services nationwide and launched the “Subscribe & Win” campaign, encouraging adoption through exciting prizes, including a 2024 BYD ATTO 3 GL500 electric car. The campaign aims to enhance digital transformation and boost subscriber numbers across all Jordanian governorates.
Telecom experts suggest that Teletalk, Bangladesh’s state-owned mobile operator, can revitalize its services through significant investment and innovative strategies. Recommendations include a joint venture with BTCL and a focus on data services to improve customer engagement and operational efficiency, addressing current challenges and enhancing competitiveness in the telecom market.
Verofax, a leading provider of innovative customer service solutions, has announced the signing of a Memorandum of Understanding (MoU) with…
Cloudflare’s Q3 2024 report highlights significant increases in internet traffic and cyber threats in the UAE and Saudi Arabia. The UAE experienced a 3% rise in traffic, while Saudi Arabia saw a 65% increase. Both countries face growing cybersecurity challenges, necessitating enhanced measures to protect their digital landscapes.
Pakistan’s fintech industry is experiencing rapid growth, with branchless banking accounts increasing significantly. However, low financial literacy remains a challenge, leaving many vulnerable to fraud. Initiatives like the National Financial Literacy Program aim to address these issues, ensuring that the benefits of fintech are accessible to all citizens.
Ooredoo has launched SDN Connect, a high-speed private connectivity solution offering speeds up to 100Gbps, aimed at meeting the needs of businesses in Qatar. This innovative service includes features like robust SLAs, software-defined control, and enhanced security measures, supporting digital transformation and scalable infrastructure for organizations.
Moroccan prop-tech startup Agenz has secured an undisclosed investment from Renew Capital to expand its services across Morocco and Africa. Founded in 2020, Agenz uses data intelligence for property valuations and market insights, enhancing transparency in the real estate sector and enabling informed decision-making for buyers and sellers.
