Telecom Egypt has secured a $200 million medium-term loan from Banque Misr UAE to refinance short-term facilities. The five-year loan will be repaid using foreign currency revenues, enhancing the company’s liquidity and aligning with its proactive capital expenditure strategy to mitigate forex risks.
Zain Group and Omantel have announced a new initiative to standardize glasses-free 3D technologies, leveraging 5G and AI. Unveiled at the Samena Telecommunications Council Leaders’ Summit 2024, this initiative aims to enhance user experiences and create new business opportunities across various sectors in the Middle East.
UAE telecommunications company du has partnered with STL, an optical and digital solutions provider, to expand fibre-dense mobile and FTTH networks. This collaboration will enhance network performance and deployment efficiency. The UAE continues to lead globally in FTTH penetration, achieving a 99.3% rate, according to the latest FTTH Council report.
The 5G-Advanced Leaders’ Forum in Dubai highlighted the transformative potential of 5G-Advanced (5G-A) technology. Industry leaders discussed the enhancements in network efficiency, coverage, and performance, and emphasized its role in driving digital innovation across sectors. The UAE announced plans for nationwide 5G-A deployment, reinforcing its commitment to technological advancement.
Dubai’s du and HPE have partnered with the Commercial Bank of Dubai (CBD) to implement HPE GreenLake, enhancing CBD’s hybrid cloud capabilities. Hosted in du’s Tier III data centres, this solution aims to improve IT efficiency, security, and customer experience while supporting CBD’s five-year strategic digital transformation plan.
UAE’s Yahsat has restored Thuraya satellite services in parts of Southeast Asia and China by reconfiguring its Thuraya 2 satellite after Thuraya 3 experienced an anomaly. However, service remains unavailable in the Asia-Pacific region east of Thuraya 2’s footprint.
Core42 and Gecko Robotics have partnered to integrate advanced robotics and AI-driven software into key sectors like energy and public infrastructure in the UAE. This strategic alliance aims to enhance efficiency, safety, and operational excellence across critical infrastructures, leveraging Gecko’s innovative technologies and Core42’s extensive industry insights.
The UAE’s Telecommunications and Digital Government Regulatory Authority (TDRA) unveiled the National Digital Accessibility Policy, aimed at ensuring inclusivity in digital services. Aligned with UAE’s vision for an integrated society, the policy emphasizes equal access for people of determination. TDRA commits to robust infrastructure and public-private collaboration to realize this vision.
du reported a strong first quarter in 2024, with revenues rising to AED 3.58 billion and net profit up by 62.7% to AED 603 million, driven by significant EBITDA growth. The telecom giant also launched “du Pay,” advancing UAE’s digital and financial inclusion, and continued investing in 5G and fiber infrastructure.
Presight AI Holding has acquired a 51% stake in AIQ, enhancing its lead in AI and energy sectors in the UAE. This strategic move integrates AIQ’s AI solutions with Presight’s big data analytics, aiming to boost operational efficiencies and expand market offerings, significantly increasing value across involved entities.
