Zand Bank Teams Up with Alibaba Cloud and Ant Digital Technologies to Drive Fintech Innovation in the UAE
Key Giveaways: Dubai, UAE – Zand Bank, a digital challenger bank based in Dubai, has announced a strategic partnership with Alibaba…
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Tunisie Telecom Expands Fiber Optic Network in Tataouine Region
The project aims to improve fixed internet connectivity and service quality in the region.
Zain KSA Acquires 600 MHz Spectrum to Boost 5G and Support Saudi Vision 2030
Zain KSA has acquired the 600 MHz spectrum, enhancing its 5G Standalone (5G SA) services across Saudi Arabia. This expansion improves connectivity in urban and remote areas, supports smart city solutions and IoT, and aligns with Saudi Vision 2030, contributing to the Kingdom’s digital and economic transformation.
Saudi Music Commission Launches MusiqAI, a Digital Platform for Learning Music
MusiqAI, launched by the Saudi Music Commission, is the first self-learn digital platform for music in Saudi Arabia and the Arab region. The platform offers interactive music courses in Arabic and Western instruments, with self-paced learning and accredited certifications. It supports the Kingdom’s Vision 2030 goals for cultural growth.
Orange MEA and GIZ Launch “Master Repair” Initiative to Boost Youth Employability and Sustainability
Orange MEA and GIZ have launched the “Master Repair” initiative to enhance youth employability and foster entrepreneurship in Morocco, Tunisia, Senegal, and Egypt. The project offers training in electronics repair, solar tech, and fiber optics, targeting young women and people with disabilities, promoting self-employment and sustainable skills.
E-Commerce in Kuwait Expected to Reach KD 1.61 Billion in 2024, Says Expert
Kuwait’s e-commerce market is projected to reach KD 1.61 billion in 2024, showing a significant growth rate. The compound annual growth rate (CAGR) for e-commerce from 2024 to 2028 is expected to be 12.57%. The country’s robust digital infrastructure and consumer interest in online shopping are key drivers of this growth.
ITIDA and Flat6Labs Launch InvestIT Program to Support Egypt’s Tech Startups
ITIDA and Flat6Labs have launched InvestIT, a program designed to support Egyptian tech startups at the seed and pre-Series A stages. Over six to eight months, 12 startups will receive personalized consultancy, training, and connections to investors, helping them become investment-ready and scale within Egypt’s growing digital economy.
Telecom Egypt Reports 5.59% Drop in Net Profit for the First Nine Months of 2024
Telecom Egypt reported a 5.59% YoY decline in consolidated net profit for the first nine months of 2024, totaling EGP 8.637 billion. Operating revenues rose to EGP 58.43 billion. The company’s standalone profit also decreased during the same period, reflecting a challenging year for the telecom operator.
Saudi Arabia’s Public Investment Fund Completes $1.03 Billion Sale of Stake in Saudi Telecom Company
The Public Investment Fund (PIF) of Saudi Arabia completed the sale of 100 million shares in Saudi Telecom Company (stc), raising $1.03 billion. The oversubscribed offering marks the largest accelerated bookbuild in Saudi Arabia and the MENA region. PIF retains 62% of stc’s shares as part of its strategic capital recycling plan.
e& Enterprise Partners with Sergas Group to Enhance Safety and Sustainability in GCC Gas Networks
e& enterprise has partnered with Sergas Group to enhance the safety and sustainability of gas distribution networks in the GCC. This collaboration will develop digital solutions, including smart meters and IoT systems, to improve safety, enable early incident detection, and promote sustainability, all while adhering to regional regulations.
