News

Bahrain Becomes Among The First To Achieve Nationwide 5G Coverage

Published

6 years ago

February 6, 2021

bahrain becomes among the first to achieve nationwide 5g coverage

Associated Press

Bahrain’s Ministry of Transportation and Telecommunications recently reported that the island nation had become one of the first countries in the world to accomplish nationwide 5G coverage. Two of its three mobile operators now provide high-speed internet service to all of the nation’s 1.5 million population.

The Ministry of Transportation and Telecommunications expects the nationwide 5G coverage to generate new opportunities for streaming, gaming, and supply chain technologies.

“Rapid access to information is essential to innovation, particularly for next-generation services,” said Kamal bin Ahmed Mohamed, Bahrain’s Minister of Transportation and Telecommunications. “In this way, 5G is a crucial step in Bahrain’s ongoing transition from a net consumer to a net producer of technological innovation,” he added.

Thanks to its strategy of flexible regulation of the telecoms sector, Bahrain was able to attract 787 million BHD in investments (more than $2 billion) between 2009 and 2019, and the country’s ICT sector now accounts for nearly 3 percent of its entire GDP.

Now that the country has achieved nationwide 5G coverage, it will be more attractive in the eyes of technology companies interested in providing data-driven services in the region, helping it strengthen its position as a regional and global ICT leader.

Full nationwide 5G coverage is in line with Bahrain’s comprehensive economic vision, described in a document entitled The Economic Vision 2030. The document highlights, among other things, the importance of technology for ensuring the sustainability of a vibrant private sector and attractive innovators and entrepreneurs from around the globe.

Also Read: Thales Deploys Its Security Solution At Bahrain International Airport

Last year, Bahrain became home to the region’s first hyper-scale data center after the launch of the AWS Middle East Region by Amazon. Considering that there will be over 1 billion 5G connections by 2023, the Gulf kingdom is in an excellent position to meet its digital transformation goals.

News

Egypt’s Mobile Wallets Are Booming, But Cash Still Has Power

Egypt’s telecom regulator says $57.6 billion moved through more than 57 million wallets in six months. And one operator handled 77% of the value.

Published

4 days ago

September 12, 2026

Nour Nasir

egypt's mobile wallets are booming but cash still has power

Egypt’s mobile wallets handled EGP 2.96 trillion ($57.6 billion) in transactions in the first half of 2026, according to the National Telecom Regulatory Authority – a 56% rise on the EGP 1.90 trillion ($36.9 billion) recorded a year earlier. Transactions grew faster still, up 62% to 2.22 billion, while registered wallets climbed 23% to 57.01 million.

On one reading, that is exactly what Egypt’s regulators have been pushing for: a payments system that runs through telecom-linked wallets rather than banknotes. But the same data shows how far cash still reaches into it. Cash withdrawals made up just 12% of the transactions taking money out of wallets, yet 75% of the value withdrawn or spent.

Money arrives mostly from bank accounts: transfers through InstaPay accounted for 78% of deposit transactions and 58% of the value deposited, while incoming remittances from abroad made up 3% of deposit transactions but 10% of their value. Once inside, it largely moves between wallets – wallet-to-wallet transfers accounted for 54% of all transactions and 67% of total value, with mobile and internet top-ups a distant second at 25% of volume. In effect, the wallet is serving as a transfer layer: the place money passes through between the bank account and the banknote.

That layer also runs predominantly through one operator. Vodafone Cash held 53% of registered wallets and 57% of active ones, but handled 69% of transactions and 77% of their value. Its nearest rival, e& money, held 23% of registered wallets but 14% of transaction value; Orange Cash 20% and 8%; WE Pay 4% of wallets. How many of the 57.01 million are active is not stated.

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Adoption is rather uneven in other respects. Men held 38 million wallets, or 67% of the total, against 19 million held by women. Users aged 26 to 45 accounted for half of all wallets, and Cairo alone had 10.6 million, or 19% of the national total, with Giza next at 6.5 million.

The NTRA says it is continuing to work with telecom operators on the regulatory framework for wallet services, part of a wider effort to expand electronic payments and financial inclusion. Its own figures show that effort succeeding on the way in. On the way out, three-quarters of the value still leaves as cash.