Egypt Launches Tax-Free Startup Zones to Retain Tech Talent Amid Currency Challenges

Egypt introduces tax-free startup zones offering customs and tax exemptions, simplified registration, and support services to retain tech talent amid currency shortages. Inspired by Gulf models, the initiative targets AI, fintech, and software sectors, aiming to boost investment and growth while addressing challenges like funding and regulatory hurdles.

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Egypt and Algeria Explore Collaboration to Boost Renewable Energy and Modernize Electricity Grids

Egypt and Algeria held talks to enhance cooperation in renewable energy and electricity grid modernization. Discussions covered high-voltage transmission, distribution networks, and transformer stations, with a focus on clean energy manufacturing and reducing carbon emissions. Algeria aims to collaborate with Egyptian firms to support its energy transition and decarbonization efforts.

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NCC Mandates Telecom Operators to Notify Consumers of Major Service Outages and Enhance Transparency

The Nigerian Communications Commission (NCC) mandates telecom operators to notify consumers of major network outages, detailing causes, affected areas, and restoration times. Operators must report outages via a public portal and provide compensation for disruptions over 24 hours, promoting transparency and accountability to protect critical telecom infrastructure.

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Rakuten Symphony and Zain Kuwait Partner to Launch Kuwait’s First Cloud-Native Open RAN Pilot

Rakuten Symphony and Zain Kuwait have partnered to pilot Kuwait’s first cloud-native Open RAN deployment, utilizing advanced virtualized software to deliver 5G Standalone sites. This project marks a significant step toward network agility and scalability, supporting a wider Open RAN rollout across the Zain Group’s Middle East and North Africa operations.

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Turkcell’s Subsidiary TDC Secures EUR100 Million Murabaha Financing from Emirates NBD to Boost Data Center Expansion

Turkcell’s subsidiary TDC secured EUR100 million in interest-free murabaha financing from Emirates NBD to fund data center expansion and digital infrastructure projects. The agreement supports Turkcell’s growth strategy focused on eco-friendly, high-capacity data centers catering to cloud, AI, and big data demands in the MENAT region.

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Benefit Highlights Bahrain’s Financial Sector Role in Driving Economic Vision 2030 at Kuwait Conference

Benefit highlighted Bahrain’s financial sector as a key driver of Economic Vision 2030 at the Kuwait Public Relations Conference. Emphasizing digital transformation and fintech innovation, Benefit showcased its role in financial inclusion and attracting foreign investment, aligning with national strategies and advancing sustainable economic growth.

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