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SAMENA Daily - Industry News Briefing

Industry News Briefing
April 24, 2024

Featured Member News

e&’s AGM approves a 3-year progressive dividend policy with an annual increase of 0.03AED per share

e& announced, during the group’s Annual General Meeting (AGM), that its shareholders approved the Board of Directors’ recommendation of a new progressive dividend policy with an incremental increase of AED 0.03 every year for the fiscal years 2024, 2025, and 2026 bringing the dividend per share (DPS) to AED 0.89 by FY 2026...

Member News

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Zain spearheads digital innovation to foster sustainable growth

Zain has sponsored the Kuwait Innovation Forum, organized by The Business Year media group in collaboration with the Kuwait Direct Investment Promotion Authority (KDIPA)...

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Cisco study Reveals 91% of UAE companies use AI technologies in their cybersecurity strategies to address today's rapidly evolving threat landscape

The recent study conducted by Cisco (NASDAQ: CSCO) highlights a significant surge in the use of AI technologies in cybersecurity strategies among UAE organizations...

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Huawei Cloud showcases intelligent & simplified cloud native security solutions at GISEC Global 2024

At GISEC Global 2024, Huawei Cloud is showcasing its industry-leading intelligent and simplified cloud native security solutions to protect entities across the Middle East and Central Asia against sophisticated...

Policy and Regulation

•	German regulator consults on certification for telecom and energy product comparison portals The German Federal Network Agency, Bundesnetzagentur, has started a consultation concerning independent portals enabling consumers to compare telecommunications and energy products in order to make informed decisions...

•	Ofcom report finds many young children using social media unsupervised The UK’s new online safety regulator publishes its annual assessment on children’s media use, including revelations that a third of those aged between five and seven use the internet independently...

South Asia

•	Sri Lanka Telecom to refocus and consolidate during 2024 Sri Lanka Telecom has noted that as its group financial performance fell in year 2023, they expect to refocus and consolidate during the new financial year...

•	Chinese telecom company to invest in Pakistan Chinese company Taavun (Pvt) Limited has decided to make investment in Pakistan for manufacturing smart phones...

Content & Immersive Technologies

•	Meta opens Quest operating system to third-party device makers Meta Platforms is sharing its Quest headset's operating system with rival device makers, including Microsoft, for the first time, as it works to extend its influence over the emerging virtual and mixed reality industry...

•	Freeview hits TV milestone Freeview’s connected TV platform, Freeview Play, delivers live, catch up, and on-demand content free of charge and is built into most new TVs sold in the UK...

Global Telecom Update

•	AI to account for 30% of True’s digital service revenues by 2027 Thai telco True Corp has launched artificial intelligence (AI) solutions for local businesses as it seeks to increase the share of AI-driven revenue in its digital services business to 30% by 2027...

•	Vodafone Business intros scam alert to combat impersonation frauds Vodafone Carrier Services has launched a new service called Scam Signal which allows businesses to protect their customers from impersonation scams, particularly Authorised Pushed Payment (APP) fraud...

•	Chile telecoms firm Entel lifts 2024 investments to US$618 million The majority of the funds - US$451 million - are earmarked for Chile, while another US$167 million will go to Entel's Peruvian unit, the company added...

Middle East

•	ADQ, Oman Investment Authority launch US$180 million technology-focused fund to bolster digital economy The Fund aims to bolster the digital economy in the Sultanate and the wider MENA region by supporting high-growth technology companies in sectors such as FinTech, EdTech, HealthTech, cleantech, food and agriculture, and...

•	Virgin Mobile Saudi sign strategic partnership with HITEK to develop smart cities HITEK has signed a JV partnership with Virgin Mobile Saudi; a Beyond ONE group company, as the preferred technology partner to enable a joint strategic approach to developing smart cities in Saudi Arabia...

•	Thuraya ties with CYSEC to fortify data services with advanced cybersecurity Thuraya has already certified the solution over its network, noting that it is also certified by the Federal Information Processing Standard authority in the USA...

•	UAE operator du enhances fintech offering with du Pay UAE operator du has announced the launch of du Pay, offering what it calls transformative fintech solutions for UAE residents...

North Africa

•	Egypt, Italy to establish AI hub in Cairo to serve Africa Egypt and Italy have recently announced plans to establish a hub for Artificial Intelligence (AI) in Cairo, with the aim of advancing AI development and utilization throughout Africa...

3G, 4G and 5G Networks

•	Real Future launches LTE in Thailand's cities Real Future, a subsidiary of True Corporation Plc under the True Mobile Group, is stepping up its ambitions to expand mobile broadband coverage in Thailand`s urban areas...

•	T-Mobile completes multi-year US$163 million 5G network investment T-Mobile announced the completion of a multi-year 5G network investment across Arkansas, creating new opportunities for local businesses, schools, healthcare providers, first responders and anyone on T-Mobile’s network...

Satellite & Internet

•	Starlink signs collaboration deal with Indonesia’s APJII The Indonesian Internet Service Providers Association (APJII) has signed an MoU with SpaceX’s Starlink to provide internet access in Indonesia as the LEO satellite operator awaits final regulatory approval to operate...

•	Openreach FTTP broadband rollout reaches 14 million premises Openreach currently expects to add a total of 3.5 million extra premises to its FTTP coverage across the 2024 financial year, which it predicts will rise to 4 million in FY25...

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