Elm and Riyadh Development Company have partnered to launch an Electronic Vehicle Auction Platform, enhancing digitalization in Saudi vehicle auctions. This collaboration aims to improve operational efficiency and expand service reach in line with Saudi Vision 2030.
Telenor Microfinance Bank (TMB) has received a $10 million equity investment from Telenor Group and Ant Group, supporting the launch of Easypaisa’s digital retail banking operations in Pakistan. This investment, along with impressive financial results, strengthens TMB’s mission to enhance digital financial inclusion and deliver innovative banking solutions in Pakistan.
This milestone paves the way for e& UAE to advance its 5G capabilities, supporting critical use cases in various industries.
Banque Misr has successfully launched Egypt’s first public digital real estate auction, marking a major step towards innovation in the banking sector. In partnership with Belmazad, the auction introduces a transparent and efficient bidding process. The platform promises to expand, supporting Egypt’s digital transformation and economic development goals.
Iran is advancing its digital economy through initiatives that focus on digital skills development and workforce preparation. The effort, involving both public and private sectors, aims to enhance economic efficiency, competitiveness, and modernization, positioning Iran for a future driven by digital technologies.
Egyptian fintech Lucky ONE has raised $3 million in a convertible note, aiming for profitability by Q1 2025. The funds will expand its credit lending services, aligning with Egypt’s financial inclusion goals. Co-founders Momtaz Moussa and Ayman Essawy emphasize sustainable growth, with plans for regional expansion and a comprehensive financial services offering.
Nepal’s Communication Minister, Prithvi Subba Gurung, announced plans to modernize state-owned media, ensuring wider access and relevance in the digital age. Radio Nepal and NTV will be made available to all Nepalis, with a focus on inclusivity. Restructuring of state media and the regulation of social media are also underway.
Xiaomi was named the ‘Most Loved Brand’ in the Mobile Handset category at the Best Brand Award 2024, hosted by Bangladesh Brand Forum. The award, presented at a ceremony in Dhaka, recognizes Xiaomi’s commitment to innovation and customer-centric products, highlighting the brand’s strong connection with its loyal fanbase.
Huawei is set to unveil its latest ICT innovations at Cairo ICT, aimed at supporting Egypt’s digital transformation in line with the country’s 2030 vision. The focus will be on intelligent, sustainable technologies, marking the 5th anniversary of “Cairo OpenLab” and signing multiple MOUs for digital transformation.
The Iraqi Communications and Media Commission (CMC) has upgraded the country’s telecommunications network for the Arbaeen pilgrimage, deploying 500 technical teams, 112 mobile stations, and 4,390 fixed towers. These enhancements ensure reliable communication services and coverage for millions of pilgrims, with advanced monitoring systems in place to maintain signal stability.
