Saudi Arabia has launched the Tamkeen Initiative to empower tech professionals in micro, small, and medium-sized enterprises (MSMEs). The program provides necessary skills and resources, aligning with Vision 2030, and offers incentives for tech companies to hire local talent.
Jazz has reported $1 billion in revenue for the first nine months of 2024, marking a strong recovery after two years of underperformance. The company’s success is attributed to its pivot to a ServiceCo model, digital transformation efforts, and expansion in fintech services like JazzCash.
Arab Financial Services and Lune Technologies partner to enhance financial data services, offering advanced analytics and data enrichment to improve decision-making and user experiences in the financial sector.
AWS executive Kevin Miller emphasizes the UAE’s potential as a global tech leader, driven by AI models like Falcon. The UAE’s focus on AI and foundational research, combined with regional investments, fosters digital transformation and innovation, positioning the Middle East as a significant player in global technology.
Dell Technologies has partnered with Alinma Bank to enhance the bank’s digital transformation initiatives in Saudi Arabia. The memorandum of understanding, signed during the 24th Fintech Summit, will focus on developing innovative data center solutions and leveraging Dell APEX to provide flexible IT services, enhancing Alinma Bank’s technological capabilities.
The Saudi Ministry of Interior’s Security Oasis exhibition at the King Abdulaziz Camel Festival showcased the Kingdom’s security history and modern initiatives. Highlighting developments in AI, technology, and public safety, the event featured interactive experiences, military performances, and demonstrations, emphasizing the Kingdom’s efforts in enhancing safety and security services.
Saudi Arabia led the GCC digital entertainment sector in 2022, securing 58% of the region’s revenues, with $2.1 billion. The kingdom’s video game market grew significantly, reaching $1.75 billion, driven by mobile gaming. Saudi Arabia is also advancing its digital transformation, hosting major events like the 2024 Esports World Cup.
The UAE’s Ministry of Industry and Advanced Technology (MoIAT) launched Transform 4.0, an initiative under Operation 300bn to fast-track digital transformation in manufacturing. The programme aims to support 100 manufacturers in adopting Industry 4.0 technologies, enhance sustainability, and position UAE-based manufacturers as global leaders in digital transformation.
Ericsson has partnered with Grameenphone, Bangladesh’s leading mobile operator, to enhance innovation in artificial intelligence (AI) and automation. The memorandum of understanding (MoU) aims to establish a framework for collaboration, focusing on technology trials and partnerships to support sustainable growth in the telecommunications sector.
Orange Egypt’s $52.7 million investment is driving a youth-focused tech revolution, funding over 40 startups, mostly from Egypt. This investment comes alongside the second phase of 5G licensing. With Egypt’s startup scene thriving, the country aims to solidify its position as Africa’s top entrepreneurial hub.
