Sri Lanka’s Central Bank is hosting a digital payments promotion event in Nuwara Eliya to encourage mobile payment app registrations. The event will provide a platform for service providers and MSMEs to showcase mobile payment tools, offering discounts and fostering awareness of secure, cost-effective digital transactions.
AI Disrupt 2025, organized by Bluechip Technologies Asia, successfully showcased AI-driven innovations and their impact on businesses. Key highlights included discussions on AI applications, Large Language Models, productivity tools like Microsoft Copilot, and regional AI trends. The event underscored Sri Lanka’s growing role in AI education and adoption.
Tencent Cloud is set to invest over $650 million to expand its infrastructure in the Middle East and Southeast Asia. The company will establish its first data center in Saudi Arabia with a $150 million investment and build a third data center in Indonesia for $500 million, strengthening its global presence.
Yango Group has launched Yango Ventures, a corporate venture fund to support early-stage startups in high-growth regions such as Pakistan, LATAM, Sub-Saharan Africa, and MENA. With an initial fund of $20 million, Yango Ventures aims to empower startups in O2O, B2B SaaS, and FinTech sectors to scale and drive sustainable growth.
Punjab Chief Minister Maryam Nawaz Sharif has unveiled a major education reform plan, introducing smart classrooms and digital labs in government schools. The initiative includes advanced IT training programs and the creation of Pakistan’s first Nawaz Sharif IT City in Lahore, aimed at enhancing digital skills and economic growth.
Saudi telecom companies saw a 69% increase in net profits for 2024, reaching SAR 28.39 billion ($7.57 billion), driven by higher revenues, a growing customer base, and operational efficiency. Stc led with a profit surge of 85.7%, while Mobily showed growth, and Zain experienced a decline due to higher costs.
Yango Ventures, part of Yango Group, is supporting early-stage startups with an initial $20 million fund. The venture focuses on sectors like O2O, B2B SaaS, and FinTech, aiming to foster innovation and sustainable growth. The initiative also emphasizes digitalization and economic development in high-growth markets globally.
The Oman Chamber of Commerce and Industry’s Dhofar branch hosted a Ramadan evening to discuss artificial intelligence and cybersecurity’s role in shaping business futures. The event covered AI applications in various sectors and highlighted the importance of cybersecurity in the digital transformation process. The session provided valuable insights into future opportunities.
Nepal Telecom (NTC) is moving forward with plans to install a new Rs 5 billion convergent real-time billing system, aiming to streamline billing for all its services and improve customer care. The system will handle 34 million customers across various networks and services, enhancing efficiency and customer satisfaction.
Omantel has partnered with TeKnowledge to launch an advanced AI and Data Science skilling program for its employees. This initiative aims to enhance digital skills, supporting the company’s strategy for digital transformation and economic diversification. The program will combine onsite and virtual training to ensure a hands-on learning experience.
