Oman’s postpaid mobile subscriptions rose by 9% in the first half of 2024, reaching 1.89 million, while prepaid subscriptions dropped by 4.5%. Fixed internet subscriptions grew by 6.5%, but fixed-line subscriptions declined by 21.7%. Muscat led in fixed analogue lines, despite a 71.1% drop in this category.
Maroc Telecom invested 3.2 billion dirhams in the first half of 2024, marking a 9.8% increase from the previous year. The investment fueled a 5.1% rise in subscribers to 78.4 million. Despite a slight dip in revenue and EBITDA, the group’s adjusted net income grew by 0.3% to 2.94 billion dirhams.
Khalifa University’s RIC2D, through Intratomics, has partnered with LOLC Advanced Technologies Australia to develop and produce graphene-related products. The collaboration includes establishing a state-of-the-art production facility in Abu Dhabi, focusing on sustainable materials and supporting the UAE’s economic diversification through advanced materials like Graphene Oxide and Graphite derivatives.
Ooredoo has launched new Maktabi packages, offering an all-in-one business communication solution for small businesses in Oman. Starting at OMR 29.5 per month, these packages include high-speed internet, mobile and fixed-line communication, security solutions, Microsoft 365, TallyPrime, and 24/7 smart CCTV surveillance to support SMEs and SoHos in achieving their business goals.
Qatar Development Bank (QDB), in collaboration with the National Cyber Security Agency, launched the “Cyber Security Manual for SMEs” to enhance cybersecurity awareness and provide practical guidelines for small and medium-sized enterprises in Qatar. The manual addresses common cyber risks, basic security controls, and employee training, aiming to strengthen the national entrepreneurial ecosystem.
Damac Capital, the investment arm of Damac Group, reports strong ROI from its strategic investments in SpaceX and Stripe. These investments highlight the group’s commitment to advancing global technology and innovation. Damac Capital is also expanding into AI, supporting high-growth companies poised to lead in their industries and drive global economic progress.
Bahrain achieved an 89% digital transformation rate in 2024, completing over 4 million eGovernment transactions. Key advancements include expanding eServices to over 700, reducing costs by 75%, and launching new systems like Sijilat 3.0. These efforts reflect Bahrain’s commitment to digital transformation and service quality improvement across all societal sectors.
A Boston Consulting Group report reveals that 85% of GCC senior executives prioritize innovation, surpassing the global average. However, GCC firms face challenges in converting ambition into readiness. Key recommendations include aligning innovation with business strategy and leveraging Generative AI. Addressing talent constraints and funding challenges will enhance innovation readiness.
The UAE saw an 11.7% rise in malware detections from January to May 2024, amid global cybersecurity challenges. Acronis’ H1 2024 Cyberthreats Report highlights a 293% surge in email attacks and rising ransomware threats. The report underscores the need for advanced protective measures and comprehensive security strategies for organizations.
Qatar is leading AI investments in the MENA region with $2.4 billion in incentives, aiming to enhance its AI capabilities and attract global experts. The initiative is part of Qatar’s strategy to build a smart economy, with digital investments projected to reach $5.7 billion by 2026, significantly boosting various sectors.
