Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Omantel reported RO 3.03 billion in revenue for 2024, driven by strong domestic growth and regional performance through Zain Group. Its new “Portal to the Future” strategy focuses on AI, cloud, fintech, and sustainability, positioning the company as a key enabler of Oman Vision 2040 and regional digital transformation.
Iraq is advancing digital transformation by partnering with Nokia to build infrastructure for government and industry innovation. The Central Bank of Iraq is developing a digital currency and aiming to eliminate paper transactions, reflecting a broad national push towards a digital government and AI integration.
Jordan is strategically leveraging its location and stability to become a digital gateway from Asia to Europe, complementing Saudi Arabia’s AI ecosystem. With advanced digital infrastructure and growing connectivity projects, Jordan aims to attract investment despite regional challenges and trade hurdles, positioning itself as a hub for future AI and digital growth.
Thndr raised $15.7 million led by Prosus to expand its digital investment platform in the UAE and Saudi Arabia. It launched Thndr Alpha and ThndrX for beginners and professionals and seeks an asset management license in Egypt. Thndr continues to democratize investing for underserved MENA populations.
Thndr raised $15.7 million led by Prosus to expand its digital investment platform across MENA, focusing on the UAE and Saudi Arabia. The Cairo-based fintech leads retail investing in Egypt, onboarding 82% of new EGX investors and growing female participation. The funding supports regional growth and financial inclusion efforts.
AL Ahly Momken and Post Distribution CO-PDC have partnered to establish a new branch network across Egypt, promoting financial inclusion and digital transformation. Initial branches in Cairo and Port Said will offer e-wallet, KYC, and payment services, focusing on reaching underserved regions and supporting Egypt’s Vision 2030 goals.
Ericsson showcased its latest 5G technologies and discussed regulatory and industry opportunities at the Egypt 5G Forum. The event gathered telecom leaders and government officials, emphasizing 5G’s role in economic growth and digital transformation. Ericsson highlighted AI integration, open networks, and collaboration for advancing Egypt’s connectivity future.
Over 2,800 Chinese companies have invested more than $8 billion in Egypt, boosting sectors from automotive to textiles. High-level meetings between Egyptian and Guangdong officials highlight growing cooperation, upcoming investment forums, and projects including a $300 million car plant and a dedicated textile city, strengthening the China-Egypt strategic partnership.
Starlink launched satellite broadband in Bangladesh in May 2025, providing high-speed internet to rural and underserved areas via LEO satellites. The service supports digital inclusion, aligns with government ICT goals, and offers an alternative where traditional broadband is limited. This marks a key step in SpaceX’s global connectivity mission.
Banglalink’s “Smartphone on Installment” program offers affordable 4G smartphones through no-credit-card EMI plans, enabling wider digital inclusion in Bangladesh. Supported by partners PalmPay, Genex, and Ismartu, the initiative reduces entry barriers and provides complimentary data and rewards to customers upgrading their devices.