Egyptian fintech company MNT-Halan has secured US$157.5 million in funding to support its global expansion. Founded in 2018 to provide digital banking solutions for the unbanked, MNT-Halan’s ecosystem includes business lending, consumer finance, and e-commerce. With over 2.2 million active users, the company aims to extend its innovative financial services internationally.
President Abdel Fattah El-Sisi inaugurated Egypt’s Government Data and Cloud Computing Center, known as P1, along Ain El Sokhna Road. This center, focusing on big data analytics and AI, represents a pioneering initiative in Egypt and North Africa, enhancing the region’s technological infrastructure.
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.
Zain Bahrain has successfully reduced radio site energy consumption by 35% through a trial of Ericsson’s energy-efficient software, optimizing operations during low-traffic hours. This initiative highlights Zain’s commitment to sustainability and its strategic integration of environmental goals with digital transformation efforts.
Beyon has partnered with LigaData to develop a cutting-edge Data Lakehouse, integrating structured and unstructured data into a single platform. This initiative aims to enhance Beyon’s data infrastructure, drive innovation, and provide personalized services. The partnership will support Beyon’s data and AI plans, boosting agility and operational excellence across its companies.
BANK OF AFRICA has partnered with Mastercard to accelerate the digitalization of payments in Morocco. This collaboration aims to enhance the bank’s card portfolio, launch innovative solutions, and promote financial inclusion. The partnership leverages Mastercard’s expertise to support BANK OF AFRICA’s offerings and contribute to the growth of Morocco’s digital payments ecosystem.
Jordan’s NCSC launched the National Cyber Security Strategy 2024-2028, focusing on security, resilience, transformation, and partnerships. The strategy aims to create a secure digital environment, supporting national digital transformation and economic growth. Key initiatives include a new digital transformation unit and enhanced cyber security for the aviation sector.
Saudi Arabia has climbed to the top of the ITU’s Digital Regulatory Maturity Index, outstripping other G20 countries, in alignment with its Vision 2030 goals. This places the Kingdom at the forefront of digital governance, reflecting its investment in regulatory innovation and advanced digital infrastructure.
Saudi Arabia and Brazil have signed an agreement to use Saudi digital technology for tree planting in Jatai, Brazil. Sponsored by MEWA and the Brazilian government, this partnership aims to enhance environmental preservation, sustainable development, and entrepreneurship through technology and expertise exchange, aligning with Saudi Arabia’s Vision 2030.
Qatar topped Ookla’s Speedtest Global Index for mobile broadband speeds in February, March, and April, with Samsung S24 models reaching 971 Mbps. Al Rayyan was the fastest mobile city globally. Ooredoo’s investments in technology and infrastructure have solidified Qatar’s leadership in mobile internet speeds, supporting Qatar’s National Vision 2030.
