Maseera Holding has acquired Adva, an Egyptian fintech platform, to drive financial inclusion in North Africa. The acquisition strengthens Maseera’s expansion strategy, leveraging Adva’s AI-driven credit scoring model to provide financing for underserved Egyptians. Adva will focus on consumer finance and apply for Egypt’s first digital finance license.
Dubai Internet City has partnered with Nasscom to promote technological innovation and talent development. This strategic collaboration will support Indian tech companies in accessing the Middle East market and provide opportunities for joint research and development, enhancing the capabilities of both organizations in the tech sector.
The TDRA held a ceremony to recognize participants in the Zero Government Bureaucracy (ZGB) Programme, aiming to enhance government service delivery efficiency in the UAE. The initiative has significantly reduced service turnaround times by 50-80% through innovative technologies, marking a milestone in the country’s digital transformation efforts.
Bileeta has partnered with CENWOR to provide ERP solutions for SMEs in rural Sri Lanka, focusing on women entrepreneurs in the dry-fish and Palmyra industries. This initiative, supported by UNDP, aims to empower women and contribute to Sri Lanka’s economic growth through technology-driven solutions and mentoring.
Local manufacturing and assembly of mobile phones significantly increased, with 22.59 million units produced in the first nine months of 2024.
Bahrain is set to host the Fintech Revolution Summit in 2025, aiming to advance the country towards a cashless society as part of Bahrain Vision 2030. Over 500 BFSI and fintech professionals will explore trends and investment opportunities in financial technology.
The Nepal Telecommunications Authority (NTA) will grant 5G licenses to NTC and Ncell within a week of receiving applications. Both companies are ready to launch 5G services, with NTC already conducting trials. The rollout is expected to begin soon, bringing faster internet speeds and advanced mobile connectivity to Nepal.
DigitalOcean has opened its new headquarters in Karachi, Pakistan, in collaboration with COLABS. The move supports DigitalOcean’s growth in the region, offering tailored workspaces and advanced tech infrastructure to foster innovation and collaboration within Pakistan’s growing tech ecosystem, benefiting startups, developers, and SMEs.
This strategic move supports Bahrain’s Fifth National Telecommunications Plan (NTP5) to consolidate fixed telecommunications infrastructure under BNET.
Pakistan’s telecom sector generated Rs2.521 trillion in revenue over the past decade, with major operators contributing Rs763.81 billion in taxes. Jazz led the industry, followed by Zong and Nayatel, underscoring the sector’s crucial role in supporting the economy through substantial tax contributions and meeting the country’s communication needs.
