Asyad Group, in collaboration with Omantel Innovation Labs, has launched the Asyad Accelerator Programme in Oman. This initiative aims to nurture startups in supply chain optimization, sustainable logistics, and cold chain logistics, offering expert mentorship, access to resources, and potential investment opportunities to foster growth in the logistics sector.
The National Bank of Oman and NBO Muzn Islamic Bank, in partnership with Samsung Gulf Electronics, have introduced the Samsung Wallet. This innovative digital payment solution enables secure, contactless transactions globally, offering enhanced convenience and security for users’ banking needs starting April 28, 2024.
AIx, a subsidiary of Emaar Groups in Oman, has launched AIx GPT, the country’s first advanced large language model. This AI innovation delivers rapid response capabilities and operates efficiently on consumer hardware, significantly advancing Oman’s digital transformation and enhancing various industries from healthcare to public services.
The 33rd COMEX Global Technology Show, hosted by Oman’s MTCIT in collaboration with the Arabian Research Bureau, will take place from May 27 to 30, showcasing Oman’s digital advancements. The event will feature over 100 emerging Omani tech companies and include forums to discuss digital transformation and investments.
Tadoom and China Telecom unveil “Tadoom Vision,” an AI-powered CCTV platform, enhancing security in Oman. Features include 24/7 cloud storage, intrusion detection, and facial recognition for smart campuses.
Gulf Bridge International (GBI) launches a new Point of Presence (POP) at the Equinix MC1 Data Centre in Oman, connecting major Gulf data centers to Asia and Europe. This move streamlines services for international carriers and enhances regional connectivity with improved latency and efficient investment.
Huawei unveiled new smart airport solutions at the Airports Innovate Exhibition in Oman, including a fully connected fiber network and fiber sensing security. These solutions aim to enhance airport efficiency and security globally, supporting the digital transformation of the aviation industry.
The Telecommunications Regulatory Authority of Oman reported a growth in 5G broadband, with 25,000 new connections in the first half of 2023. Mobile phone subscriptions increased by 4%, reaching a 142% penetration rate, while mobile broadband grew by 5%, achieving a 120% penetration rate.
Oman Telecommunications Company Group reported a notable financial performance for the first nine months of 2023, with a 28.7% increase in net profit to RO251 million and a 10.6% growth in revenue to RO2.19 billion. Key growth drivers included increased transit voice revenue and device sales, alongside strong mobile postpaid and fixed broadband revenue. Subsidiary Zain Group also showed significant growth in both revenue and net profit.
Eng. Said Hamoud Al Maawali, Oman’s Minister of Transport, Communications and Information Technology, has reaffirmed the ministry’s commitment to implementing…
