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Valu has emerged as Egypt's leading financial super-app, boasting over 700,000 active users and launching co-branded credit and prepaid cards that achieved 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores.In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services. Companies like MyFatoorah and MNT-Halan are making significant strides, while cross-border expansion is anticipated, positioning the region for a robust future in the global fintech landscape.
Valu has emerged as Egypt's leading financial super-app, boasting over 700,000 active users and launching co-branded credit and prepaid cards that achieved 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores.In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services. Companies like MyFatoorah and MNT-Halan are making significant strides, while cross-border expansion is anticipated, positioning the region for a robust financial future.
Gold has surpassed $3000 an ounce for the first time, driven by rising geopolitical tensions and persistent inflation concerns. Major banks like Goldman Sachs and UBS have raised their price targets, reflecting strong institutional demand, particularly from central banks, including China and India. However, potential risks such as overvaluation and shifts in Federal Reserve policy could impact gold's bullish outlook.
UAE retailers are now promoting 'zero' making charges on gold jewellery, attracting shoppers looking to save on costs. One customer noted purchasing multiple items, including bangles and necklaces, with 22K gold priced at Dh326 per gram, primarily sourced from Turkey, ahead of her trip to India.
Elon Musk has expressed support for the U.S. exiting NATO, stating it doesn't make sense for America to fund European defense. This aligns with the Trump administration's ongoing criticism of NATO, particularly regarding defense spending by member countries. The future of U.S. NATO membership remains uncertain, as any changes require Senate approval.
Huawei and Turkcell have signed a Memorandum of Understanding at MWC 2025 to advance sustainable network innovations, focusing on 5G Advanced Technology. Their collaboration aims to enhance smart cities, ultra-speed broadband, and quantum key distribution, while testing various cutting-edge technologies to improve connectivity and efficiency.
Huawei and Turkcell have signed a Memorandum of Understanding at MWC 2025 to innovate sustainable networks, focusing on 5G Advanced Technology. Their collaboration aims to enhance smart cities, ultra-speed broadband, and quantum key distribution, while testing various advanced technologies for improved connectivity and efficiency.
At MWC 2025, Huawei Cloud unveiled over 20 innovative solutions aimed at accelerating digital transformation across various industries, emphasizing a shift from cloud-native to AI-native technologies. Key offerings include enhanced cloud services, AI-driven data management, and robust security solutions, which have already demonstrated significant performance improvements for clients like TravelgateX and Hepsiburada. The company's commitment to AI as a core strategy positions it as a leader in intelligent transformation, catering to sectors such as finance, government, and automotive.
Huawei Cloud has launched new AI-native solutions aimed at enhancing cloud services and accelerating AI development, achieving over 50% growth outside China in 2024. The company emphasizes its commitment to innovation across various sectors, including finance, government, and automotive, with over 400 use cases driving value creation. New offerings, such as the CloudDC Solution and Enterprise IT Cloud Migration Solution, further solidify Huawei Cloud's position in the global market for digital transformation.
At MWC Barcelona 2025, industry leaders gathered to discuss the evolution of Net5.5G, emphasizing the integration of AI into network strategies. The Broadband Development Congress highlighted successful commercial deployments by carriers like MasOrange and Turkcell, and released a Best Practices & Deployment Guide to foster collaboration and innovation in the sector.
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fintech revolution in mena drives growth and innovation in 2024
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Huawei and Turkcell partner to innovate sustainable networks at MWC 2025
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huawei and global leaders advance net5.5g innovation at mwc barcelona 2025
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