MAG Signs Strategic Partnership with Multibank Group to Tokenize $3 Billion Real Estate Assets
Dubai, United Arab Emirates, 1 May 2025: MAG, the leading real estate developer in the UAE has signed a historic…
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Rakbank Partners with Magnati to Launch New SME Financing Platform
Rakbank and Magnati have teamed up to introduce a new SME financing platform, allowing merchants to access credit facilities through real-time transaction data from Magnati’s POS system. The platform offers services like business loans, equipment financing, and more, helping SMEs enhance their financial capabilities.
Maroc Telecom Reports Robust H1 2024 Results Amid Growth in Customer Base and Revenue
Maroc Telecom’s H1 2024 results show a 5.1% increase in customers to 78.4 million and a 0.9% rise in revenues, driven by Moov Africa. Mobile Data and Fiber Optics revenues surged, offsetting declines in Morocco. The Group maintains a strong EBITDA margin and significant investments, with stable 2024 forecasts despite litigation impacts.
Morocco Embraces Blockchain and AI as Part of Digital Morocco 2030 Strategy to Modernize Economy
Morocco is adopting blockchain and AI as part of its Digital Morocco 2030 strategy to modernize its economy. The initiative aims to create a digital economy, generate 240,000 jobs, and contribute over $10 billion to GDP, positioning Morocco as a regional tech hub with a focus on blockchain and AI.
Arab Internet and Social Media Usage Growth: TikTok Tops Popularity Charts
A new study shows that nearly 348 million people in the Arab world use the internet, with 228 million active social media users. TikTok is the most popular social media app in the region, particularly in the Gulf, while Facebook and YouTube lead in North Africa and Egypt, respectively.
Astra Tech Partners with World Economic Forum to Lead Global AI and Fintech Advancements
Astra Tech announces a strategic partnership with the World Economic Forum to propel global digital transformation. This collaboration highlights the UAE’s role in advancing AI and fintech, aligning with the global agenda for ethical technological development.
Weego: Revolutionizing Urban Mobility in Morocco and Beyond
Weego, founded by Saâd Jittou and Mor Niane, is a Moroccan e-mobility startup improving urban transport by offering ride-hailing, carpooling, and real-time shuttle tracking. Available on iOS and Android, Weego reduces travel time, enhances public transport use, and lowers transport costs for users and companies.
Jordan’s ICT Market Poised for Growth, Projected to Reach $5.1 Billion by 2030
Jordan’s ICT market is projected to grow from $3.73 billion in 2025 to $5.10 billion by 2030, driven by digitalisation, 5G adoption, and advancements in technologies like AI and robotics. Investments in cloud infrastructure and government initiatives are also fueling growth, especially in the e-commerce sector.
BTRC Lifts Ban on Cache Servers for ISPs in Bangladesh
The Bangladesh Telecommunication Regulatory Commission (BTRC) has lifted its ban on cache servers for internet service providers (ISPs). This move allows all ISPs, including local ones, to set up and use cache servers, optimizing bandwidth usage and improving internet efficiency, reversing the 2021 directive that restricted this.
iXAfrica Unveils First Phase of NBOX1 Hyperscale Data Centre in Nairobi, Strengthening Kenya’s Digital Infrastructure
iXAfrica has launched the first phase of its NBOX1 hyperscale data centre in Nairobi, featuring 4.5MW of IT capacity. The facility is optimized for AI-driven workloads and includes a partnership with KIXP to reduce latency and costs. It’s part of iXAfrica’s broader expansion to support cloud and digital growth.
