The Nclude Fund, with over $105 million in capital, has invested $24.5 million into 8 fintech startups, boosting Egypt’s fintech sector. Managed by Development Partners International (DPI), the fund aims to encourage foreign investment and position Egypt as the MENA region’s fintech innovation hub.
Damac Properties has announced a $20 billion investment in the US to develop data centres, aiming to support AI and cloud businesses. The investment, part of the first phase in several US states, reflects the company’s ongoing global expansion. This follows previous investments in Saudi Arabia, Thailand, and Turkey.
The Minister of Communications and Information Technology, Mohammed Ahmed Al-Mahdi, inaugurated the VIP sales and service lounge in Ibb city, emphasizing the expansion of telecom services. He also inspected the construction of Yemen Mobile’s main service center, urging adherence to technical specifications and timelines to improve local services.
Cairo ICT 2024 concluded successfully, highlighting AI’s impact on data centers, advancements in cybersecurity, blockchain, smart city initiatives, and IoT. The event showcased Egypt’s digital prowess and strategic movement towards a digital-first, green future, marking a significant leap in technology and sustainability.
Beyond ONE has partnered with TIMWETECH to bring premium digital content to mobile users in Saudi Arabia and Oman. The collaboration allows customers to access streaming, gaming, and infotainment services without traditional banking, benefiting Beyond ONE’s prepaid customer base and enhancing digital access to entertainment and education.
JD Technology and East River Digital have partnered to revolutionize Pakistan’s digital landscape, introducing advanced e-commerce and AI-driven solutions to enhance local business operations and consumer experiences. This strategic collaboration aims to leverage cutting-edge technologies to drive Pakistan’s digital transformation.
The SAMENA ACCELERATOR 2024 will spotlight 10 Gigabit network development, AI integration, and broadband infrastructure upgrades to drive digital transformation across the Middle East and Central Asia. In collaboration with Huawei, the event aims to foster innovation and enhance the region’s digital economy.
Bangladesh has advanced 11 spots to lead the least developed countries in the 2024 UN E-Government Development Index, ranking 100th globally. This achievement reflects significant improvements in online services and telecommunications infrastructure.
Oman’s telecommunications regulatory authority, with licensed providers, will begin phasing out 3G mobile services in July. This initiative aims to optimize spectrum resources and invest in advanced technologies, enhancing service quality and promoting digital transformation, while ensuring a seamless transition for users.
The Emirates Publishers Association has partnered with Network International to offer digital payment solutions to UAE publishers, enhancing sales processes and reducing costs. This strategic alliance will provide secure payment processing and support the growth and sustainability of the local publishing industry.
