Ooredoo Kuwait has launched “Home Internet,” a cutting-edge home networking solution offering reliable, high-speed internet tailored to meet diverse household needs. With packages like MESH, FIBER+, and ProPing for gamers, Ooredoo integrates 5G technology to enhance connectivity, supporting smart homes, remote work, and entertainment. This launch positions Ooredoo as a leader in Kuwait’s digital transformation.
Kuwait has launched securities-based crowdfunding platforms to diversify financing for small projects through licensed digital platforms. This initiative, led by the Capital Markets Authority, marks a significant step in advancing Kuwait’s financial markets, promoting fairness, competitiveness, and transparency, and supporting the country’s digital infrastructure and entrepreneurial growth.
Ooredoo Kuwait, in collaboration with FASTtelco and the Kuwaiti Ministry of Information, celebrates over 6 million views on the digital platform [51], marking a significant milestone in digital entertainment. Launched as a trial, [51] showcases Kuwaiti media on a global scale, aligning with “Kuwait Vision 2035.”
stc has partnered with MEW to supply 500,000 smart electricity meters in Kuwait, supporting the country’s Vision 2035. This project aims to enhance energy efficiency, reduce wastage, and improve electricity management. The collaboration underscores stc’s commitment to digital transformation and sustainable development in Kuwait.
Ooredoo Kuwait, in collaboration with CITRA, has launched the “Kashef” service to enhance caller identification and communication security in Kuwait. This service aims to provide users with verified caller information, reducing spam and fraudulent calls, and improving overall telecommunications reliability and trust.
Kuwait’s National Mobile Telecommunications Company (Ooredoo) reported a 9% increase in consolidated revenue for the first half of 2024, reaching KD346 million ($1.1 billion). The growth was driven by strong performance in Kuwait, Maldives, Tunisia, and Algeria. The customer base grew by 4% to 25.5 million, and EBITDA increased by 8% to KD125 million. Net profit attributable to NMTC decreased to KD25 million due to a one-time gain in H1 2023, but excluding this gain, net profit would have been 23% higher.
Ooredoo reported a 9% revenue growth in H1 2024, reaching KD346 million ($1.1 billion), driven by strong performance in Kuwait, Maldives, Tunisia, and Algeria. Customer base increased by 4% to 25.5 million, and EBITDA grew by 8% to KD125 million. Net profit attributable to NMTC decreased to KD25 million due to a one-time gain in H1 2023.
Google Cloud has opened new offices in Kuwait, licensed by KDIPA, to support the country’s digital transformation and economic development. The expansion aligns with Kuwait’s National Vision 2035, focusing on modernization, smart economy, and infrastructure, and aims to enhance government services, cybersecurity, and economic growth through advanced digital technologies.
Kuwait reaffirmed its dedication to human rights principles in AI during the OIC’s 23rd IPHRC session in Jeddah. Diplomatic Attaché Jana Al-Dhafiri emphasized the need for international cooperation to harness AI’s benefits and address challenges like inequality, highlighting Kuwait’s AI advancements and commitment to aligning with global standards and sustainable development goals.
The Cyber First Kuwait Conference, under the National Cyber Security Center’s patronage, explored strategies to secure Kuwait’s digital future. The event emphasized cross-sector collaboration, the National Cybersecurity Strategy, and significant cybersecurity investments, with projections estimating $2.405 million in revenue for 2024.
