Fawry has made strategic investments totaling EGP 80 million in three Egyptian tech companies—Dirac Systems, Virtual CFO, and Code Zone. These investments expand Fawry’s “Fawry Business” suite, enhancing its ERP, financial management, and digital payment solutions for businesses, driving Egypt’s digital transformation and contributing to its cashless economy.
Orange Egypt and Huawei have partnered to launch SD-WAN services in Egypt, utilizing Huawei’s Cloud Stack (HCS) Platform. The collaboration enhances network management, security, and performance across dispersed offices. This initiative supports Egypt’s Vision 2030 digital transformation strategy, contributing to the growth of the country’s ICT sector.
e& reported record financial results for FY 2024, with net profit growing 4.3% to AED10.8 billion. Revenues increased by 10.1%, driven by expansion across business verticals and strong subscriber growth. The company’s AI-driven innovation, strategic acquisitions, and expansion into Europe underscore its continued leadership in digital transformation.
stc Group reported strong FY 2024 results, with an 85% surge in net profit reaching SAR24.7 billion. The company saw revenue growth of SAR75.8 billion and made significant strategic moves, including launching a digital bank, expanding in Telefónica, and enhancing its infrastructure offerings. Cash dividends of SAR3.75 per share were declared.
Vodafone Qatar has signed an MoU with SAWAA Technology to drive digital transformation for startups. The partnership will provide training, consultations, and joint product offerings, leveraging Vodafone Qatar’s advanced digital solutions to support local businesses, SMEs, and entrepreneurs in Qatar’s growing digital ecosystem.
Metito Utilities has partnered with SAP to accelerate its digital transformation using GROW with SAP, implementing SAP S/4HANA Cloud to optimize operations, financial agility, and workforce management. The partnership supports Metito’s global expansion, driving innovation and sustainability in water management solutions across multiple regions, starting with the UAE.
IBM has partnered with Riyadh Air to integrate AI-driven solutions, including watsonx and IBM Consulting’s services, to transform the airline’s operations. This collaboration will enhance guest and employee experiences, positioning Riyadh Air as the world’s first digital-native airline, aligning with Saudi Arabia’s Vision 2030.
Saudi Arabia is advancing its Vision 2025 by rolling out electronic services to enhance public sector efficiency. Key initiatives include the REEF program to support local farmers and the Saudi Electricity Regulatory Authority’s improved digital platforms. These efforts aim to modernize services, boost agriculture, and drive economic diversification.
Pakistan’s Minister of Information, Attaullah Tarar, emphasized stronger media ties with Saudi Arabia during the Saudi Media Forum. He highlighted digital transformation, combating misinformation, and the need for legal frameworks to tackle challenges in the media sector, while calling for stricter policies and awareness campaigns to reduce harmful content.
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Oman is accelerating its digital transformation, with plans to digitize 80% of government services by 2025. The ‘Tahawul’ programme has reached 73% completion, improving efficiency, cybersecurity, and data sharing. The government is introducing new platforms and policies to align with Oman Vision 2040.
