Technology News and insights in the Middle East, South Asia, and Africa
Preventing 3,402 Pounds of E-Waste and Contributing 2,793 Volunteer Hours, Veeam Demonstrates Leadership in ESG DUBAI, UAE – April 28,…
Oman saw a dramatic rise in mobile payments in 2023, with mobile transactions growing by 700% and the value processed through the MPCSS reaching OMR 1.44 billion. The surge highlights the country’s shift towards digital financial solutions, driven by the Central Bank’s modernization efforts and broader adoption of secure payment systems.
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IO Kitchens, Oman’s leading cloud kitchen startup, has secured $2.8 million in seed funding, marking a key milestone in its mission to transform the food delivery industry. This funding will support expansion, technological advancements, and innovative food solutions, catering to the rising demand for high-quality food options.
Bahrain’s Ministry of Transportation and Telecommunications and Ministry of Industry and Commerce signed an MoU with AP Moller-Maersk to develop a ship recycling industry. The initiative aims to promote safe and sustainable ship recycling, enhance economic growth, and support Bahrain’s sustainable development and carbon neutrality goals.
Pakistan’s telecom sector is hindered by political instability, low returns, and a dollar-based spectrum auction fee. Slow internet speeds caused by firewall installations have impacted IT businesses, leading many to relocate. Additionally, the mismatch between revenue in rupees and dollar-denominated fees worsens the financial challenges faced by the industry.
Telecom Egypt reported 33% YoY revenue growth to EGP 50.6bn in H1 2025, with Data up 47% and International Calls up 50%. EBITDA rose 43% to EGP 22.1bn, while normalized net profit jumped 50% to EGP 10.3bn. Strong cash flow, lower debt, and 5G rollout underscore solid momentum.
Beyon, Bahrain’s telecom giant, reports a 1% rise in net profit to BD56.2 million and a 6% revenue increase in the first nine months of 2024. Comprehensive income surged by 22%, driven by favorable investment gains. EBITDA margin remained steady at 40% amidst consistent growth.
The GSMA’s Digital Nation Summit in Islamabad praised Pakistan’s progress but warned of a 52% mobile Internet usage gap, the largest in APAC. With reforms on spectrum, taxation, trust, and regulation, Pakistan could transform into a digital powerhouse, boosting economic growth, social inclusion, and regional leadership in innovation.
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.