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Cairo, 27th February, 2025: Souhoola, the leading consumer finance company, signed a cooperation protocol with Visa, a world leader in…
Space42 reported a strong financial performance in 2024, with an EBITDA of USD 317 million and a net profit of USD 166 million. The Company advanced its strategic objectives, including satellite launches and partnerships in Earth Observation and mobile satellite solutions, positioning itself as a leader in the space and connectivity sectors.
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Saudi Arabia is leveraging AI to drive its economic transformation under Vision 2030, with AI projected to contribute 12.4% to GDP by 2030. Key trends include advancements in Arabic NLP, generative AI, ethical AI, and workforce development. The Kingdom is positioned as a global leader in AI innovation, balancing progress with sustainability.
SLT Group reported a strong financial turnaround in 2024, with a Profit After Tax of Rs. 3.1 billion, reversing a loss from 2023. Revenue grew by 4.4%, driven by improved operational efficiency, cost optimization, and robust growth in broadband, mobile, and enterprise sectors. The Group also made significant contributions to state revenue.
Etihad Salam Telecom Company has partnered with Cloud Solutions to transform digital healthcare in Saudi Arabia. Their collaboration aims to improve healthcare accessibility, efficiency, and quality by leveraging AI-driven technologies and integrated cloud solutions. This partnership supports Saudi Vision 2030, enhancing healthcare for both public and private sectors.
Aamal Company Q.P.S.C. has signed an MoU with Huawei to enhance collaboration in cloud technologies. Aamal IT will join Huawei’s Cloud Partner Network and Cloud Service Provider Program. The partnership aims to accelerate digital transformation, optimize operations, and provide advanced cloud solutions to businesses across industries.
Oman’s Minister of Commerce, Industry and Investment Promotion met with Taiwanese and Chinese tech representatives to discuss investments in semiconductors and electric vehicles. These projects align with Oman’s Industrial Strategy 2040, focusing on capital-intensive and knowledge-based industries to drive economic diversification and industrial growth in the Sultanate.
Microsoft’s AI Tour stopped in Muscat, showcasing the potential of AI to support Oman’s Vision 2040. The event featured discussions with key leaders from Microsoft and highlighted real-world AI applications in education, business, and cybersecurity. AI Excellence Awards were presented to recognize organizations driving innovation in the digital economy.
