Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Konecta Group has signed an MoU with ITIDA to expand its operations in Egypt, establishing a regional headquarters in New Cairo. The $100 million investment will create 3,000 jobs, focusing on AI solutions, digital transformation, and multilingual customer services. The partnership will enhance Egypt’s IT sector and exports.
Edgnex Data Centers, a unit of Damac, is entering the US market with a $20 billion investment, marking a major step in its global expansion. The company aims to deliver 2000MW of data center capacity across Sunbelt and Midwest states, supporting cloud and AI growth in the US and beyond.
Snowflake’s AI Data Cloud helps HUTCH achieve significant improvements in data loading times, operational expenses, and team efficiency.
InvoiceQ has raised $1.2 million in a pre-Series A funding round, backed by Oasis 500, Orange VC, and other investors. The company specializes in e-invoicing solutions and plans to expand into Oman, Egypt, the UAE, and the GCC. The funds will help accelerate growth and improve service offerings across the MENA region.
Stake, a UAE-based real estate investment platform, is considering relocating its regional headquarters to Saudi Arabia as part of its strategy to expand within the Kingdom’s growing real estate market. The company launched operations in Saudi Arabia on December 9, marking the beginning of its expansion in the region.
IBM has inaugurated its new office in Doha, marking a significant step in supporting Qatar’s digital transformation. The office will provide innovative technological solutions and consulting services, aligning with Qatar’s National Vision 2030 and Digital Agenda 2030 to enhance local capabilities and foster innovation in the digital ecosystem.
Altegio has expanded into the UAE to support local service businesses with advanced online booking and management tools. This move aligns with the UAE’s digital transformation goals, aiming to enhance operational efficiency and customer retention across industries such as beauty, wellness, sports, and healthcare.
FPT has officially opened its regional headquarters in Riyadh, Saudi Arabia, becoming the first Vietnamese company licensed for regional operations. This expansion aims to meet the rising demand for digital services and aligns with Saudi Arabia’s Vision 2030, reinforcing FPT’s commitment to digital transformation in the Middle East.
Pargo aims to expand its network to 7,000 Pickup Points across the region by 2026, partnering with major e-commerce players like Noon.