The Federal Tax Authority (FTA) will showcase its digital transformation initiatives at GITEX Global 2024, presenting innovative solutions like the Maskan app and AI-powered tools. These advancements align with the UAE’s strategy to streamline government services and reduce bureaucracy.
In October 2024, Bangladesh saw a significant rise in remittances, with Tk1,102.22 crore sent home via mobile financial services, marking a 95.22% YoY increase. This growth reflects the growing popularity of MFS platforms like bKash and Nagad, contributing to increased customer confidence and ease in remittance transfers.
Egypt is positioning itself as a global hub for outsourcing and technology innovation, with a focus on expanding digital exports and supporting startups. ITIDA’s efforts aim to boost Egypt’s competitiveness, leveraging key initiatives like “Export IT,” AI advancements, and digital signature services to foster growth in the tech sector.
Mobile Telecommunications Company K.S.C.P is expected to see significant growth starting in 2025, driven by ZainTECH, fintech initiatives, and 5G investments. Despite challenges such as high debt levels and economic risks in certain markets, the company’s strategic moves are set to boost revenue and EBITDA growth over the coming years.
In 2023, Bangladesh’s internet subscriber count rose to 131 million, including 7 million new users, with 118.49 million on mobile and 12.88 million on broadband. The total mobile subscribers also increased to 190.81 million, driven by 10.61 million new users last year, according to BTRC data.
Egypt is set to revolutionize its mobile telecom sector with e-SIM technology and its first 5G network, promising enhanced connectivity, competition, and affordability.
Yango Drive has unveiled key trends for 2024, highlighting growing demand for flexible daily rentals and long-term mobility solutions in the UAE. The platform caters to a wide range of users, offering everything from economy cars to luxury models, while its “no deposit” option enhances accessibility for both residents and tourists.
EOS-X SPACE plans to launch space flights in Abu Dhabi by 2025, offering a unique travel experience via pressurized capsules lifted by helium balloons. The company’s ambitious expansion includes significant investments and aims to target high-net-worth individuals, projecting substantial revenue growth over the next five years.
Wahyd Logistics is set to efficiently manage freight movements, enhancing delivery speeds and reducing operational costs.
Network International and AlWasleh have partnered to enhance buy now, pay later services in the Kingdom. This collaboration will provide seamless installment payment options, exclusive discounts, and introduce co-branded Visa credit cards, expanding AlWasleh’s reach beyond its current network of merchants.
