Bayanat reported a 12% YoY revenue increase to AED113 million ($31 million) for Q1 2024, with a 9% growth in net profit. Key growth drivers included strong product offerings and strategic partnerships. The company emphasized significant investments in R&D and a strategic partnership with Microsoft to enhance AI services.
Presight AI Holding has acquired a 51% stake in AIQ, enhancing its lead in AI and energy sectors in the UAE. This strategic move integrates AIQ’s AI solutions with Presight’s big data analytics, aiming to boost operational efficiencies and expand market offerings, significantly increasing value across involved entities.
Mastercard is driving digital payment innovation across Egypt, Iraq, and Lebanon through strategic partnerships, advanced technologies like tokenisation, and fintech collaborations. The company is enhancing financial inclusion, promoting secure transactions, and strengthening cybersecurity, ensuring a resilient digital payment ecosystem while contributing to the region’s economic growth and transformation.
du has partnered with PEACE Cable to extend the PEACE Cable System into the UAE, enhancing global connectivity and digital infrastructure. This partnership will provide high-speed, secure connections, benefiting du’s Wholesale and Enterprise customers. The extension is expected to be operational by the second half of 2026, supporting the UAE’s digital vision.
Saudi Arabia’s Minister of Communications and Information Technology, Abdullah bin Amer Al-Sawah, launched the “National Internet Switchboard” in Riyadh to enhance internet quality. This initiative, part of the National Transformation Program 2020, aims to activate digital services and boost information security, supporting the Kingdom’s Vision 2030 goals.
Jazz has been awarded the ‘Best Operator in a Growth Market’ at the World Communication Awards 2024 for its role in expanding digital access in Pakistan. The company’s efforts in digital transformation, mobile banking, and connectivity have significantly contributed to bridging the digital divide and fostering socio-economic growth.
Fintech Galaxy and ProgressSoft have partnered to promote Open Banking adoption and ensure regulatory compliance across the MENA region. The collaboration enhances financial institutions’ ability to simplify compliance, boost digital transactions, and integrate Open Banking into existing financial systems, driving innovation and scalability in the sector.
The company will prioritize consumer connectivity, financial services, enterprise solutions, entertainment, infrastructure, and AI-driven solutions.
Zain Group and Ericsson have renewed their partnership to enhance sustainability in telecommunications. The extended Memorandum of Understanding focuses on building energy-efficient networks, achieving significant energy reductions, and promoting responsible e-waste disposal, all while supporting Zain’s transition to Net Zero.
Doha, January 8, 2025: The Communications Regulatory Authority (CRA) has announced its collaboration with Google to bring Qatar’s landmarks and…
