Al Moammar Information Systems Co. (MIS) sold its entire investment in OpenAI for $8.4 million, earning a profit of $3.4 million. The sale follows other strategic moves in AI and digital infrastructure, including partnerships and contracts in Saudi Arabia. MIS’s 2024 profits saw a 356% increase.
DUBAI, UAE, 4th March, 2025: The EU’s NIS 2 Directive is reshaping the cybersecurity landscape by imposing stricter requirements on…
Dubai-based Holo secured pre-Series A funding to expand its digital mortgage platform in the UAE and GCC, starting with Saudi Arabia. The platform offers mortgage comparisons and application assistance, earning revenue from banks for client referrals. The funds will support regional growth and product expansion.
Zain Group has launched its innovative Global M2M Offering, enabling OEMs to seamlessly integrate their devices across regional markets with a single point of integration. The solution simplifies connectivity management and ensures compliance with local regulations, enhancing device adoption and transforming business operations across the Middle East and Africa.
The Ministry of Education has launched the first phase of its digital fingerprint system for employee attendance, using facial recognition and GPS technology. This system simplifies attendance tracking, boosts transparency, and enhances efficiency. The second phase will extend the system to all employees, including school administrations.
Zain KSA and Huawei are advancing Saudi Vision 2030 with innovative 5G Fixed Wireless Access (FWA) solutions. These solutions provide fast and reliable broadband for homes, small businesses, and enterprises, supporting services like XR, gaming, and IoT, while driving digital transformation.
Dell Technologies and Presight have signed an MoU to develop AI and big data solutions, enhancing digital transformation in the UAE. The collaboration will focus on innovative edge, open RAN, and IoT analytics architectures, combining Presight’s AI expertise with Dell’s infrastructure solutions for sustainable and secure advancements.
The Ministry of Municipalities Affairs and Agriculture in Bahrain signed an MoU with Batelco to enhance digital infrastructure, including connectivity, voice communication, and smart security. The partnership will focus on providing technical expertise and innovative solutions to improve municipal services, with Batelco offering support in smart city infrastructure.
Apple Pay is expanding in the UAE and Qatar by adding support for new card networks, including UAE’s Jaywan and Qatar’s Himyan. This will allow more customers in both countries to use Apple Pay for secure mobile transactions, enhancing the service’s reach and accessibility in the region.
QNB has introduced exclusive QNB First member packages in collaboration with Ooredoo, offering unlimited local and GCC roaming services along with premium benefits. This initiative enhances QNB’s luxury banking experience and Ooredoo’s commitment to delivering exceptional telecom services, available to members until December 31.
