Zension Technologies has raised $30 million in Series A funding, led by Wa’ed Ventures and Sumitomo Corporation. The investment will support Zaam, a subscription-based model for tech devices, offering flexibility and sustainability by promoting a circular economy. Zension aims to reduce e-waste while providing affordable tech upgrades to consumers.
Digital Forge Information Technology in Qatar has launched a range of web-based systems to improve operations for businesses and institutions. These solutions include queue management, library management, CRM, POS and inventory management, hospital management, and school management systems, all designed to simplify processes and enhance efficiency across various sectors.
Pakistan’s Ministry of IT is finalizing the hiring of a consultant to develop regulations for Starlink internet access. The meeting, chaired by Shaza Fatima Khawaja, focused on expediting the regulatory process for Low Earth Orbit satellites, aiming to enhance connectivity and align Pakistan’s policies with global standards.
Wa’ed Ventures and Sumitomo have invested $30 million in Zension Technologies, a Riyadh-based startup offering a tech subscription model. The new funding will help launch Zaam, a platform for tech subscriptions in the UAE and Saudi Arabia, aiming to extend device lifespans and reduce e-waste in the region.
Damac Properties has announced a $20 billion investment in the US to develop data centres, aiming to support AI and cloud businesses. The investment, part of the first phase in several US states, reflects the company’s ongoing global expansion. This follows previous investments in Saudi Arabia, Thailand, and Turkey.
Kuwait Finance House (KFH) has expanded its digital services through the KFHonline app, introducing features like instant money transfers, online financing requests, and banking card management. With over 150 services on the app and additional services at smart branches, KFH is enhancing customer convenience and leadership in digital banking.
Jordan’s Minister of Education, Azmi Mahafza, emphasized the importance of inclusive, equitable, and quality education at the 14th ALECSO Conference. He highlighted Jordan’s commitment to SDG 4, digital education, AI integration, and teacher training to reshape education, focusing on the future of students and fostering innovation in classrooms.
Egypt has introduced e-voting and government service monitoring apps to enhance transparency and citizen participation. These initiatives aim to streamline elections and improve service delivery, aligning with Egypt’s Vision 2030. They promote accountability, efficiency, and digital governance, positioning Egypt as a leader in Africa’s digital transformation.
PayMint, an Egyptian fintech, has received approval from the Central Bank of Egypt to launch its Meeza prepaid card in collaboration with ADIB-Egypt. The card will allow users to make everyday transactions, with additional features available through PayMint’s mobile app, promoting financial inclusion and supporting Egypt’s paperless society vision.
Starlink satellite broadband plans have been approved by the Telecommunications Regulatory Commission of Sri Lanka (TRCSL). The plans, ranging from Rs. 9,200 to Rs. 1.8 million per month, offer various speeds and options for residential, fixed, and mobile users, with prepaid billing and flexibility for cancellations without termination fees.
