TIC, Pishgaman, and Omantel have signed a memorandum of agreement to enhance data transit between Asia, the Middle East, and Europe. This partnership will increase data transfer capacity to Oman to 4.5 Tbps, optimizing infrastructure, reducing costs, and strengthening Iran’s connectivity and security via northern and southern routes.
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.
SandboxAQ plans to leverage large quantitative AI models (LQMs) to enhance the UAE’s economic capabilities in sectors like biotechnology, finance, and energy. The company emphasizes the potential for LQMs to create intellectual property, improve patient outcomes, and support the UAE’s digital transformation goals.
Bayanat and Vay have partnered to advance teledriving technology in the Middle East, Africa, and Asia Pacific, combining AI and geospatial data to enhance autonomous mobility. This collaboration includes a joint R&D initiative aimed at developing safe, next-generation autonomous solutions.
Oman has launched new business services on the Oman Business Platform, including the “Lease Contracts Service,” Financial Reports Service, and the Interactive Guide Service for trade names. The initiative aims to boost economic activity, streamline operations, and support digital transformation by enhancing accessibility to key business services.
Kaspersky will provide AFRIPOL with crucial cyber threat data to improve forensic analysis and response capabilities.
Oman’s computing market is poised for steady growth, projected to generate US$180.8 million by 2025. With a focus on sustainability, reliability, and practical tech adoption, Oman presents unique opportunities for businesses to tap into a less saturated market. The country’s digital transformation offers long-term growth potential.
The Pakistan Telecommunication Authority (PTA) is preparing to issue a license to Starlink, Elon Musk’s satellite internet venture, to enhance internet connectivity across the country. With the license pending security clearance, Starlink aims to launch its high-speed satellite internet service within the next year, especially benefiting rural areas.
EOS-X SPACE plans to launch space flights in Abu Dhabi by 2025, offering a unique travel experience via pressurized capsules lifted by helium balloons. The company’s ambitious expansion includes significant investments and aims to target high-net-worth individuals, projecting substantial revenue growth over the next five years.
Fawry expands its digital payment services by acquiring a majority stake in Svreico’s administrative building, enhancing facilities and infrastructure to support its growth.
