Egypt launched the “Invest IT” program to boost investment readiness for tech startups, with government initiatives supporting skills development, international partnerships, and infrastructure. Despite a funding decline, Egypt remains a top MENA startup hub, with Invest IT fostering a resilient ecosystem for sustainable growth.
The Net5.5G Pioneer Award ceremony at UBBF 2024 in Istanbul honored achievements in Net5.5G innovation, highlighting advancements in 400GE, SRv6, and network slicing. The award celebrated carriers driving digital transformation in the Arab and African regions, setting a milestone for network development.
Telecom Egypt and Alcatel Submarine Networks have successfully landed the Africa-1 subsea cable at Ras Ghareb, Egypt, boosting connectivity across Africa, the Middle East, and Europe. This 10,000-kilometer, high-capacity system aims to enhance global data capacity and resilience for bandwidth-intensive needs.
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.
Etihad Airways and e& UAE have signed an MoU to integrate loyalty programs, enhance marketing, and promote Abu Dhabi as a premier destination. The collaboration aims to boost customer engagement, provide flexible benefits, and support small businesses, aligning with both companies’ long-term goals.
Beyon, Bahrain’s telecom giant, reports a 1% rise in net profit to BD56.2 million and a 6% revenue increase in the first nine months of 2024. Comprehensive income surged by 22%, driven by favorable investment gains. EBITDA margin remained steady at 40% amidst consistent growth.
Telecom Egypt and Alcatel Submarine Networks have successfully landed the Africa-1 subsea cable system at the Ras Ghareb cable landing station. This initiative, part of a larger project to enhance connectivity across the Middle East and Africa, is expected to boost broadband capabilities and meet growing demand for high-speed communications.
The initiative, dubbed “Project Transcendence,” will focus on developing AI infrastructure, supporting startups, and attracting global talent.
The data center is built in cooperation with Omantel, enhancing Oman’s position as a key connectivity hub in the region
Both initiatives highlight the growing role of telecom operators in driving environmental sustainability and promoting circular economy practices.
