Sylndr, an Egypt-based online used car marketplace, has secured $7.5 million in capital financing to fuel its growth. The funding, facilitated by EFG Hermes, will support Sylndr’s mission to revolutionize Egypt’s automotive industry by offering more accessible financing options and expanding its inventory.
Saudi Arabia will exhibit its advancements in AI and smart city development at the Smart City Expo World Congress in Barcelona. The Saudi Data and Artificial Intelligence Authority (SDAIA) aims to highlight the nation’s digital transformation and contributions towards sustainable urban living, aligning with Saudi Vision 2030 and UN development goals.
Huawei and Orange Egypt have implemented the first Bare Metal Container in Egypt, enhancing their long-term collaboration. This deployment of Huawei’s virtual Evolved Packet Core (vEPC) supports seamless mobile network convergence and advances Egypt’s digital transformation. The partnership underscores both companies’ commitment to innovation and aligns with Egypt’s 2030 Vision.
CyberArk sees Saudi Arabia as a key growth market, accounting for nearly 40% of its Middle East business in 2024. The company plans significant expansion, showcasing innovative solutions such as Cora AI and identity management technologies at Black Hat MEA. CyberArk aims to double its business in Saudi Arabia within 12 to 24 months.
Egypt’s mobile manufacturing sector is expanding, boasting a production capacity of 11.5 million units and $87.5 million in investments. This growth has created 2,050 jobs and is part of an effort to increase the ICT sector’s GDP contribution, with significant new factories from Samsung, Vivo, and others driving this surge.
Tech leaders met in Ras Al Khaimah for the ‘Re: Sustainable IT Summit’ to discuss sustainable hardware practices. Organized by Circular Computing, the event emphasized remanufacturing as key to reducing e-waste and CO2 emissions. Circular Computing’s $33 million contract with the Irish Government underscores the viability of sustainable IT solutions.
Ncell has partnered with the Cricket Association of Nepal (CAN) to power the Siddharth Bank Nepal Premier League (NPL) 2024, contributing to the development of Nepal’s cricketing talent. This collaboration supports Ncell’s commitment to sports and aims to enhance the tournament’s reach through live screenings and fan activations.
The Economic Survey of Pakistan 2024 reveals significant growth in the IT and telecom sectors, driven by the China-Pakistan digital corridor. Investments in digital infrastructure, AI, and 5G networks are expected to boost startups, create jobs, and position Pakistan as a regional technology hub.
Libya has entered into a significant agreement with the Medusa submarine cable project, connecting the nation to various Mediterranean countries and improving its telecommunications capabilities. The Libyan United International Company (LUIC), a consortium of private sector Libyan companies in the communications industry, signed the contract. This move will enable Libya to become a telecom and internet services exporter to African countries, enhancing its digital infrastructure, boosting economic prospects, and establishing the nation as a key digital gateway to Africa.
Nepal Telecom has launched a new communication tower in the Palanta rural municipality of Kalikot, aiming to enhance connectivity in a previously disconnected area. The tower will provide 4G and 5G services to 10% of the population, with plans to expand coverage across surrounding municipalities, improving rural telecommunication.
