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At MWC 2025, Huawei unveiled six scenario-specific solutions for carriers, aimed at enhancing operational efficiency and driving revenue growth as they transition from traditional telcos to techcos. The solutions include innovations in FinTech, marketing big data, and AI contact centers, alongside offerings for smart government, education, and cloud phones. Additionally, the Telco2Techco Cloud Leap Program, launched in collaboration with partners, supports carriers in this transformation journey.
At MWC 2025, Huawei unveiled six scenario-specific solutions for carriers, aimed at enhancing operational efficiency and driving revenue growth as they transition from telcos to techcos. The solutions include offerings for FinTech, marketing big data, and AI contact centers, alongside innovations in smart government, education, and cloud phones. Additionally, the Telco2Techco Cloud Leap Program was launched to support carriers in this transformation, emphasizing collaboration with partners like Orange and Zain Kuwait.
Kuwait and Egypt's non-oil private sectors showed growth in February, with Kuwait's PMI at 51.6 and Egypt's at 50.1, indicating expansion. Despite positive trends, concerns arose over job cuts and cautious business confidence, particularly in Egypt, where firms faced challenges in hiring and retaining staff.
Mintoak, a Mumbai-based fintech startup backed by PayPal, has acquired Digiledge for $22.9 million. Digiledge, specializing in bill payments and Central Bank Backed Digital Currency (CBDC), will operate as a subsidiary, enhancing Mintoak's offerings to small enterprises.Mintoak, which processes $3.4 billion monthly for three million merchants, aims to leverage Digiledge’s capabilities to facilitate digital currency transactions and expand its services further, having already extended its reach to Kuwait, UAE, Tanzania, and Mauritius.
OPEC+ has announced an increase in oil production by 138,000 barrels per day starting April 1, 2025, marking its first output hike since 2022. This decision, made during a virtual meeting of eight member nations, is based on positive market conditions and will be flexible to adapt to market stability.Following the announcement, oil prices fell, with Brent crude dropping 2% to below $72 a barrel. The group also committed to compensating for overproduced volumes since January 2024, with plans to complete this by June 2026.
Tamara has secured a license from the Saudi Central Bank (SAMA) to offer consumer finance and buy-now-pay-later (BNPL) services, expanding its capabilities beyond previous limits. This approval allows the company to provide financing solutions over SAR 5,000 ($1,333) and enhances its product offerings across Saudi Arabia, UAE, and Kuwait. Co-Founder Abdulmajeed Alsukhan highlighted this achievement as a significant step in delivering innovative financial solutions to meet customer needs.
ADQ and Plenary Group have launched Plenary Middle East to focus on regional infrastructure projects. In real estate, Dubai property prices are anticipated to stabilize or decline due to increased supply. Additionally, JPMorgan has upgraded Kuwait to a developed market, while the Saudi Central Bank has introduced close-out netting regulations to enhance financial stability. Dubai Islamic Bank has also unveiled its first sustainability-linked finance framework to support ESG objectives.
In January 2025, Japan imported 34 million barrels of Saudi crude oil, making up 41% of its total oil imports of 82.99 million barrels. The Arab nations contributed significantly, with the UAE supplying 35.31 million barrels (42.6%), while imports from the US, Central and South America, and Oceania accounted for the remainder. Japan's energy strategy is influenced by geopolitical factors, including bans on oil imports from Iran and Russia.
In December 2024, Saudi Arabia's overall merchandise exports fell by 2.8% to SR94.29 billion, influenced by OPEC-mandated oil production cuts, with oil exports dropping from 74.3% to 68.8% of total goods. Non-oil exports surged 18.1% to SR29.45 billion, driven by a 70% increase in shipments to China, while imports rose 27.1% to SR79.03 billion, leading to a trade balance surplus decrease of 56.1% to SR15.26 billion. The UAE remained the top destination for non-oil goods, despite a 9.9% decline in exports to the region.
Arab stock markets experienced steady growth in January, marking a second consecutive month of gains, with the composite index rising by 0.97%. Casablanca's stock exchange led the way with a 9.98% increase, followed by Kuwait and Amman at 5.73% and 5.11%, respectively, driven by strong corporate earnings and supportive monetary policies.While most markets thrived, Egypt, Qatar, Palestine, and Dubai saw modest growth of less than 1%. Notably, the Palestinian market recorded a remarkable 261.4% surge in traded value, contrasting with declines in Dubai, Egypt, and Muscat.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
huawei cloud stack unveils solutions for carriers to enhance efficiency and revenue
09:23 05.03.2025
huawei cloud stack unveils solutions for carriers to enhance efficiency and revenue
23:58 04.03.2025
kuwait and egypt non-oil sectors show growth amid cautious outlook
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09:56 04.03.2025
Mintoak acquires Digiledge for 22.9 million to enhance digital payment services
07:55 04.03.2025
OPEC Plus announces oil output increase of 138000 barrels per day
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06:30 04.03.2025
tamara secures samas license for expanded consumer finance and bnpl services
03:38 04.03.2025
Middle East infrastructure developments and financial market updates this week
16:08 28.02.2025
Japan's January oil imports heavily reliant on Saudi and UAE supplies
14:25 28.02.2025
saudi arabia's non-oil exports surge while overall merchandise exports decline
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11:48 28.02.2025
Arab markets experience steady growth driven by corporate earnings and policy shifts
10:32 28.02.2025
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