Grameenphone and Robi Axiata have secured an additional 20 MHz of spectrum each in Bangladesh’s 2.6 GHz band after two years of negotiations with the BTRC. The 15-year contracts, priced at BDT11.6 billion (US$98.6 million), will help improve service quality. The BTRC agreed to payment in local currency to address exchange rate concerns.
Smartphone shipments in the Middle East (excluding Turkey) grew by 20% in Q2 2024, reaching 11.5 million units. Samsung led with a 28% market share, followed by Xiaomi with 20%, and TRANSSION with 16%. The region saw strong growth in key markets, with significant contributions from affordable models and strategic pricing.
Mastercard has partnered with Scale to accelerate fintech growth across Africa and the Middle East. The collaboration aims to eliminate technical and commercial barriers for fintechs, PSPs, and telcos, enabling them to focus on core business and launch new products efficiently. The partnership benefits financial institutions, merchants, governments, and consumers by enhancing financial inclusion and access to digital services.
Yuze, a UAE-based FinTech, raised $30 million in a funding round led by Osten Investments to expand its financial services for SMEs, e-traders, and freelancers. The investment will support Yuze’s growth into new markets, aiming to reach one million customers in five years, and advance financial inclusion for SMEs.
Smart Vision, a leading Saudi telecom infrastructure company, is revolutionizing the industry with innovative solutions and a commitment to quality. Offering comprehensive services, from network planning to turnkey solutions, the company leverages cutting-edge technology and sustainable practices. With a growing presence in the GCC, Smart Vision is positioned to lead the future of telecom infrastructure.
Ooredoo has committed QAR 2.8 million to support Hamad Bin Khalifa University’s Qatar Centre for Quantum Computing in developing Qatar’s first quantum communication testbed. This initiative aims to establish a secure quantum communication system, positioning Qatar as a leader in quantum technology and strengthening its role in the global tech landscape.
Qatar’s Communications Regulatory Authority (CRA) has opened public consultations on draft postal service licenses, inviting stakeholders to provide feedback. This initiative aims to enhance the postal sector, promote competition, and improve service quality. The consultations align with Qatar National Vision 2030 and will help CRA regulate the sector and protect consumer rights.
Oman will launch its Open Data Platform by the end of the year, a major step in its digital transformation strategy. The platform will enhance public access to government data, fostering transparency and innovation. Aligned with Oman’s Vision 2040, it aims to support economic growth and position Oman as a leader in data transparency.
Experts at a cybersecurity event in Kathmandu emphasized the need for enhanced education, awareness, and a robust policy framework to combat rising cyber threats in Nepal. They highlighted the importance of practical skill development, grassroots cyber literacy, and a comprehensive National Cybersecurity Policy to protect the nation’s digital infrastructure and ensure long-term resilience.
Tether has invested $3 million in Kuwait’s Kem App to expand digital financial services in the Middle East. This partnership aims to boost regional adoption of USD₮ and enhance access to decentralized finance. The collaboration marks a significant step in transitioning the Gulf region into a digital cash economy, promoting financial inclusion and stability.
