Space42 reported a strong financial performance in 2024, with an EBITDA of USD 317 million and a net profit of USD 166 million. The Company advanced its strategic objectives, including satellite launches and partnerships in Earth Observation and mobile satellite solutions, positioning itself as a leader in the space and connectivity sectors.
Qatar Chamber (QC) has launched specialized training programs on ESG sustainability reporting and AI tools like ChatGPT and Copilot, supporting businesses in the MENA region. The sessions aim to enhance digital transformation and sustainability practices, helping companies meet global standards and drive growth while adopting innovative technologies.
Elon Musk has confirmed that Starlink, his satellite internet service, is set to launch in Pakistan pending government approval. This development comes amid Pakistan’s struggles with internet disruptions and infrastructure challenges. Starlink’s technology promises to revolutionize internet access, offering high-speed satellite connectivity to both urban and remote areas.
Revibe, the leader in guarantee-backed refurbished tech in the MENA region, raised $7 million in a Series A round co-led by ISAI and Resonance. The funds will support expansion into emerging markets and enhance customer care. Revibe has sold over 80,000 devices, saving $14M for customers and significantly reducing CO2 emissions.
Deloitte is increasing its investment in Saudi Arabia, aiming to double growth over the next three years. The firm is focusing on digital transformation, AI innovation, and strategic partnerships, including the launch of its Silicon-2-Service framework to accelerate AI adoption. Deloitte also emphasizes cybersecurity and the future of digital banking.
Vodacom’s shares rose 8.6% following a strong revenue report for the December quarter, with Egypt leading performance. Group revenue grew by 1.6%, while service revenue saw an 11.6% increase on a normalised basis. Despite currency challenges, the group remains optimistic about its growth, particularly in digital and financial services.
Orange Middle East & Africa’s Deputy CEO, Brelotte Ba, discussed network resilience improvements following major subsea cable cuts in March 2024. Ba highlighted the need for robust terrestrial networks to support Africa’s growing connectivity demand, which is crucial for economic growth and technology ecosystem development across the continent.
Ooredoo Kuwait and Huawei unveiled “CloudConnect,” a Network-as-a-Service (NaaS) solution, during GITEX Global, introducing Wi-Fi 7 technology for businesses. CloudConnect offers cloud-managed networking services, aligning with Kuwait’s digital transformation goals. Ooredoo Kuwait pioneers Wi-Fi 7, providing enhanced connectivity. The collaboration aims to drive digital transformation and improve network efficiency, data security, and compliance with local regulations. Ooredoo Kuwait leads in introducing Managed Wi-Fi 7, offering faster speeds and advanced security for businesses. This initiative aligns with Kuwait’s vision for economic and social development.
The cornerstone of Wahyd Logistics’ disruptive strategy is its digital Logistics Marketplace. This platform acts as a crucial link between businesses in need of logistic services and the providers capable of fulfilling those requirements.
SLT-Mobitel showcased resilience and growth in the first half of 2024, achieving a revenue increase and significant operational efficiency gains. Strategic cost management and lower finance costs helped narrow net losses, while investments in network infrastructure are set to enhance customer experience and drive future growth.
