EQIQ doubles its venture fund to $30 million to fuel Iraq’s digital economy, focusing on e-commerce, logistics, and fintech. Founded by Mohamed Al-Hakim and Said Rahmani, the fund bridges capital gaps and nurtures tech startups with a vision to build sustainable, impactful businesses amid Iraq’s growing tech ecosystem.
The 19th IsDB Global Forum in Algiers focused on digital transformation and financial inclusion in Islamic finance. Key initiatives like the Medikids Project and AI Hackathon highlighted innovation, while discussions emphasized fintech, Sukuk, and sustainable development’s role in advancing the $4+ trillion Islamic finance industry.
IBM praises Sri Lanka’s digital foundation, commits to supporting the nation’s 2030 Digital Economy Strategy with AI, hybrid cloud, cybersecurity, and quantum computing solutions.
Sylndr raises $15.7M Series A to expand its digital used-car marketplace in Egypt, addressing financing, transparency, and servicing challenges. Backed by Prosus and existing investors, the startup aims to capitalize on growing demand for affordable vehicles amid rising new car prices and reshape Africa’s automotive e-commerce landscape.
Moonton launches Mobile Legends: Bang Bang Lite for Android in Algeria, Egypt, Nigeria, and South Africa. The optimized MOBA includes smart AI to help players with connectivity drops, ensuring smooth gameplay on lower-end devices.
PPRA has trained over 10,000 professionals in e-procurement as part of Digital Pakistan, launching a new diploma program with NUST. The initiative enhances transparency and efficiency in public procurement, supported by widespread use of the e-PADS system and thousands of registered suppliers.
TCS has partnered with Jazeera Airways to lead its digital transformation, upgrading its digital platforms and AI chatbot. The initiative aims to triple passenger capacity and boost digital revenue by 2029 while enhancing customer experience and operational excellence across Jazeera’s expanding global network.
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.
Batelco and City Centre Bahrain have signed a strategic MoU to jointly develop initiatives enhancing customer experiences in connectivity, shopping, dining, and entertainment. The partnership will deliver tailored offers and value-added services aimed at improving accessibility and supporting Bahrain’s tourism growth, creating engaging experiences for local and tourist visitors alike.
Orange Jordan partners with IRIS Academy to develop young football talent through the Iker Casillas Challenge, emphasizing youth empowerment via sports and positivity. The initiative supports the company’s anti-cyberbullying campaign, promoting safe digital interactions under Orange Group’s “For Good Connections” program.
