Ncell, a leading telecommunications provider in Nepal, has renewed its service operation license for five more years, paying the first installment of NPR 5 billion. The renewal process, approved by the Council of Ministers, allows Ncell to continue operations, with the remaining balance to be paid in installments with interest.
Qatar Islamic Bank (QIB) has enhanced its Mobile App with new features, including UPI transfers to India, Mobile Wallet Payments to Egypt, and EDAA NIN & IBAN linking for dividend payments. These updates provide greater convenience, control, and security for customers, making QIB’s app a comprehensive digital banking solution.
du is participating in the International Government Communication Forum (IGCF) in Sharjah, focusing on enhancing government communication strategies and cultural excellence in the UAE. The event, centered on “Agile Governments…Innovative Communication,” will explore the future of resilient governments through innovative communication, addressing global challenges and opportunities in governance.
Huawei has launched AI initiatives to drive Saudi Arabia’s Vision 2030, focusing on digital transformation and economic diversification. The company highlighted its advanced AI technologies and noted significant growth in public cloud revenue during the Huawei Cloud Summit in Riyadh, where it showcased its role in the Kingdom’s technological progress.
Huawei has launched AI initiatives to support Saudi Arabia’s Vision 2030, focusing on digital transformation and economic diversification. At the Huawei Cloud Summit in Riyadh, the company highlighted its advanced AI technologies and noted a tenfold increase in public cloud revenue in Saudi Arabia in 2023.
Delivery Hero plans to list its MENA business, Talabat, on the Dubai Financial Market in Q4 2024, marking the first tech IPO there. The move, involving a secondary sale of shares while retaining majority ownership, follows the divestment of Foodpanda in Taiwan to enhance financial health.
Barq, a Saudi fintech led by Ahmed Alenazi, has garnered over 1 million users in just three weeks following its public debut. Licensed by SAMA, the startup offers extensive features including digital personal accounts, Visa cards, and international money transfers, rapidly positioning itself as a major player in the fintech sector.
Maxab and Wasoko have completed their merger, creating Africa’s largest B2B retail network with over 450,000 merchants and 4,000 employees across five countries. The combined entity, led by co-CEOs Belal El-Megharbel and Daniel Yu, aims to double its revenue by year-end while enhancing trade between North and East Africa.
The contract, which was granted to OneSubsea last month, involves a 13-well subsea production system for the 70, 000 parrel per day project which expects first production in 2028.
Zain KSA and Huawei have introduced advanced FWA² solutions under Saudi Vision 2030, enhancing connectivity for home, business, and underserved users. These solutions offer high-speed, reliable internet with innovations like FWA Pro, FWA Lite, and FWA Business, supporting digital transformation and bridging connectivity gaps across Saudi Arabia and the Gulf region.
