July 2022
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IN THE SPOTLIGHT
Tamam CEO, Yousef Al Musaileem: "We've Pioneered a Transformative Digital Experience in the Kingdom"
In 2019, Zain KSA's fintech arm, Tamam, made history by securing the first micro-lending license from the Saudi Central Bank (SAMA). This milestone ushered in a new era for micro-lending services across the Kingdom. Designed to comply fully with both Islamic Sharia principles and SAMA’s regulatory framework, Tamam’s system operates via a streamlined digital platform, enabling citizens and residents to obtain instant loan approvals safely and conveniently. This breakthrough has dramatically enhanced financial inclusion, providing broader access to essential financial services and supporting the objectives of the Financial Sector Development Program, a key pillar of Saudi Vision 2030.
Nokia, a global leader in technological innovation, has revealed a 22% increase in net profit, amounting to EUR 358 million (USD 389 million) amid its 8% sales decline, according to its Q3 Interim Report for 2024.
Fortinet, a global leader in cybersecurity, has announced substantial progress toward its ambitious pledge to train one million individuals in cybersecurity by the end of 2026. At the halfway point of its five-year initiative, the company has already trained over half a million people, helping to address the global cybersecurity skills shortage.
Telecom Egypt and Colt have announced a significant strategic partnership to establish two high-speed internet transit nodes in Cairo and Alexandria. These new nodes will be hosted in Telecom Egypt’s advanced data centers and leverage its expansive international infrastructure, which spans over 60 countries. Additionally, Colt’s extensive IP network will be integrated to provide seamless, high-speed access to the global internet, enhancing the overall connectivity experience.
Ericsson revealed that is has returned to profitability in the third quarter as a big contract with U.S. carrier, AT&T, boosted the Swedish telecommunications giant’s share price.
du, the leading telecom and digital services provider, announced a strategic partnership during GITEX 2024 with Dubai Economy and Tourism (DET) to launch an unparalleled initiative aimed at powering the growth of startups, freelancers, and SMEs.
At a pre-release roundtable event, Ericsson, a Swedish multinational telecommunications company, launched its annual Microwave Outlook Report, which focuses on utilizing microwave backhaul solutions to support 5G and beyond.
The Telecommunications and Digital Government Regulatory Authority (TDRA) has been at the forefront of advancing the United Arab Emirates’ digital transformation and is spearheading the development of intelligent and efficient government services.
du, the United Arab Emirates’ leading telecom and digital services provider, and Orange, a global telecommunications leader, announced the signing of a strategic partnership agreement during GITEX GLOBAL 2024 in Dubai, strengthening collaborative efforts and driving innovation across the telecom industry.
Andrew Feinberg, Chairman and Chief Executive Officer of Netcracker Technology, a leading provider of digital and cloud transformation services for telecom operators, delivered a keynote on ‘Harnessing the Power of Artificial Intelligence (AI) to Benefit Society’ at GITEX GLOBAL 2024.
Latest News
Tamam CEO, Yousef Al Musaileem: "We've Pioneered a Transformative Digital Experience in the Kingdom"
In 2019, Zain KSA's fintech arm, Tamam, made history by securing the first micro-lending license from the Saudi Central Bank (SAMA). This milestone ushered in a new era for micro-lending services across the Kingdom. Designed to comply fully with both Islamic Sharia principles and SAMA’s regulatory framework, Tamam’s system operates via a streamlined digital platform, enabling citizens and residents to obtain instant loan approvals safely and conveniently. This breakthrough has dramatically enhanced financial inclusion, providing broader access to essential financial services and supporting the objectives of the Financial Sector Development Program, a key pillar of Saudi Vision 2030.
Along the sidelines of GITEX 2024, Telecom Review conducted an exclusive interview with Rami Osman, Director for Business Development, MediaTek Middle East and Africa. He emphasized how MediaTek is strengthening its market presence in the region by focusing on providing exceptional value through strategic collaborations with OEMs, ODMs, and telecom operators.
In a rapidly evolving digital landscape, the GCC markets are setting a remarkable pace in high-speed mobile connectivity, outpacing their EMEA counterparts.
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