Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Kuwait-based fintech startup Krti has closed a $1.5 million pre-seed investment round with Core Vision Investment. The funding supports the upcoming launch of Krti’s innovative loyalty program, aimed at maximizing the benefits of users’ bank cards in Kuwait and Saudi Arabia.
Sparklo, a UAE-based cleantech company, has expanded its network of reverse vending machines (RVMs) across the MENA region, achieving 1000% growth and collecting over 50 million bottles. With strategic partnerships, Sparklo continues its mission to revolutionize recycling and promote sustainability through technology-driven solutions and incentives.
The Global Trade and Supply Chain Summit 2024 in Dubai concluded with discussions on sustainable trade financing, AI-driven logistics, and the role of emerging technologies in improving global trade. Key topics included Scope 3 emissions, green trade finance, and workforce reskilling for an AI-dominated future.
Network International and AlWasleh have partnered to enhance buy now, pay later services in the Kingdom. This collaboration will provide seamless installment payment options, exclusive discounts, and introduce co-branded Visa credit cards, expanding AlWasleh’s reach beyond its current network of merchants.
SCAI and Elm have signed a memorandum of cooperation to enhance AI capabilities in Saudi government services. The partnership, announced at the Global AI Summit, will focus on AI technologies like machine learning and generative AI to improve government operations in line with Vision 2030.
du expands its B2B offerings with the launch of du Tech and du Infra, aiming to lead digital transformation in the UAE. These new sub-brands will deliver specialized services and infrastructure, supporting the digital ambitions of businesses and government entities.
PayTabs Egypt has partnered with Ollin to enhance consumer financing by integrating advanced payment technologies. This collaboration aims to streamline digital transactions across sectors such as auto loans, healthcare, education, and travel, aligning with Egypt’s push for a more digital economy.
Dell Technologies has partnered with Alinma Bank to enhance the bank’s digital transformation initiatives in Saudi Arabia. The memorandum of understanding, signed during the 24th Fintech Summit, will focus on developing innovative data center solutions and leveraging Dell APEX to provide flexible IT services, enhancing Alinma Bank’s technological capabilities.
The NTRA of Egypt plans to raise telecom service prices due to increased operational costs linked to rising energy prices. This move responds to mobile operators’ calls for price hikes amidst financial pressures, as they secure 5G licenses aimed at enhancing connectivity and service offerings in the region.
H&M is partnering with Chorka Textile in Bangladesh to test three innovative technologies aimed at reducing CO2 emissions, water usage, and chemical consumption in textile production. This initiative marks the first time these technologies are installed together, showcasing H&M’s commitment to sustainability and responsible fashion practices.