Zain Kuwait and Parallel Wireless have achieved a milestone in 5G with a successful standalone (SA) proof of concept, demonstrating download speeds over 1.3 Gbps and energy savings of 35%. The trial highlights open RAN’s potential, showcasing scalability, efficiency, and sustainability towards Zain’s net-zero goals by 2050.
The conflict between Israel and Hezbollah has resulted in over 1,640 deaths in Lebanon, including significant casualties among women and children. Vodafone Qatar is offering free calls to Lebanon to aid communication amidst the crisis. The assassination of Hezbollah leader Hassan Nasrallah has further escalated tensions.
Saudi Arabia’s National Events Center, in partnership with CODE and Monsha’at, has launched EventTech, a national initiative aimed at driving digital innovation in the events sector. Aligned with Vision 2030, EventTech promotes collaboration among government agencies, accelerates digital transformation, and engages the public in developing innovative digital solutions.
Pakistan’s IT exports hit $3.223 billion in 2023-24, with a government target of reaching $25 billion in five years. The HBL-P@SHA ICT Awards 2024 celebrated innovation in the IT sector, recognizing 33 Gold and 47 Merit Award winners for their contributions to the country’s digital economy.
Egypt has achieved a 181% increase in financial inclusion between December 2016 and June 2024, expanding financial access to 48.1 million citizens. MSMEs have also seen substantial growth, with microfinance funding rising 1,350%. Efforts include expanding financial technology and supporting women’s empowerment and public service improvements.
Finhaat is expanding its financial services with the launch of Finhaat Wealth, a tech-driven wealth management platform for distributors and end users. Building on its success in the insurance sector, the platform aims to provide wealth solutions to India’s aspirational and emerging markets, enhancing financial inclusion.
Bahrain has attracted over $100 million in investments from Singapore across financial services, ICT, and tourism sectors. The Bahrain Economic Development Board highlighted this milestone at the Singapore Fintech Festival, showcasing Bahrain’s appeal as a business-friendly hub with advanced regulatory frameworks and a skilled workforce.
Zain Innovation Campus has opened registration for the “Zain Al-Mubadara” programme, supporting Jordanian entrepreneurs and startups. The initiative offers funding, mentoring, and logistical support to help transform innovative ideas into viable businesses, fostering economic growth and job creation in the country.
Vodafone Oman has gained 10% market share in just two years by leveraging competitive pricing, innovative services, and a strong 5G network. The company’s asset-light business model, digital engagement, and network expansion have enabled significant growth, with increased customer acquisition driven by churn from competitors like Omantel and Ooredoo.
Media City Qatar has partnered with the German Press Agency (dpa) to establish a regional editorial hub in Doha, set to launch in June 2025. This collaboration aims to enhance news coverage across the GCC, support Arabic content, and foster Qatari talent through training and development.
