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HKT has improved operational efficiency through AI scheduling, promoting green services and accelerating the ICT sector's green transformation. At MWC 2025, Huawei and GSMA Intelligence introduced the Green Network Index, emphasizing the need for sustainable practices and collaboration among global operators to achieve carbon neutrality and enhance energy efficiency. Key players like Globe and Turkcell shared their strategies for integrating renewable energy and reducing carbon emissions, aiming for significant sustainability milestones by 2050.
Kazakhstan's largest e-commerce group, Kaspi.kz, has agreed to acquire Rabobank's Turkish subsidiary, which is a fully licensed bank in Türkiye with no borrowing or depositing clients and a single branch. The acquisition, announced on March 27, is pending regulatory approval and is considered non-material. Rabobank's Turkish operations, established in 2013, are the 40th largest lender in the Turkish banking sector, with assets of 1.9 billion Turkish Liras as of the end of 2024.
Goldman Sachs forecasts that Türkiye's central bank may raise its key interest rate by up to 350 basis points at the upcoming Monetary Policy Committee meeting on April 17, following a recent cut to 42.5%. This significant hike aims to reinforce the commitment to disinflation and stabilize the economy, despite potential risks to growth and borrowing costs. The report also highlights concerns over the threat of dollarization, which could undermine monetary policy effectiveness, while expressing cautious optimism due to Türkiye's strong foreign exchange reserves.
NKN Media has raised AED 35 million and plans to secure an additional AED 50 million to fuel its global expansion and develop new intellectual properties. Celebrating five years in Dubai, the company is set to launch a global tour and has a lineup of significant events in 2025, including the Ultimate Realty Awards and the debut of Majlis Premium, a startup fundraising forum. Additionally, NKN Media is expanding into inflight media and OOH sectors, aiming to enhance its presence in high-impact media segments.
Kaspi.kz has signed a share purchase agreement to acquire Rabobank Group's Turkish subsidiary, Rabobank A.Ş., which is a fully licensed bank in Turkiye without clients or a branch network. The transaction awaits regulatory approvals and customary closing conditions. Kaspi.kz aims to enhance lives through innovative mobile products and operates a dual Super App model for consumers and merchants, driving strong growth and profitability.
Global renewable energy capacity surged by 585 GW in 2024, marking a record growth rate of 15.1%, yet still falling short of the 11.2 terawatts needed by 2030. Solar and wind dominated the expansion, with solar capacity alone increasing by 32.2%, driven primarily by China and India.IRENA emphasized the urgency for annual additions exceeding 1,120 GW to meet climate goals, while UN Secretary-General Antonio Guterres highlighted the economic and environmental benefits of this transition.
BYD aims to boost its overseas electric vehicle sales to over 800,000 units by 2025, as stated by chairman Wang Chuanfu. To mitigate tariff issues, the company plans to assemble vehicles locally while sourcing key components from China and is expanding into markets like Latin America, Southeast Asia, and Britain. Factories are being established in Brazil, Thailand, Hungary, and Turkey, but BYD will not enter the US or Canada due to tariffs.
Dubai's Code & State has raised $3 million to advance stablecoin technology, aiming to incubate startups that address challenges in payments and compliance. With a projected market cap growth to $1.5 trillion in five years, the venture studio emphasizes founder equity and support for innovators in the stablecoin space.
Hermès International is appointing BNP Paribas CEO Jean-Laurent Bonnafé and former French spy chief Bernard Emié to its board, replacing Dominique Senequier and Alexandre Viros, respectively. The changes will be voted on at the shareholders' meeting on April 30 in Paris. Bonnafé and Cécile Béliot-Zind, CEO of Bel Group, will serve three-year terms, while Emié's term will last two years.
Warner Bros. Discovery is investing $57 million to acquire a minority stake in Dubai-based OSN Streaming Ltd., enhancing its regional presence and local content production. This partnership builds on existing collaborations, including an exclusive licensing deal for HBO content since 2022. With a young, tech-savvy population and rising disposable incomes, the Middle East is becoming a competitive market for streaming services, where OSN faces challenges from global platforms like Netflix and Amazon.
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global renewable energy capacity surges by 585 gigawatts in 2024
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