Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Zain KSA has secured SAR 5.5 billion ($1.47bn) in Islamic financing from five banks to refinance existing loans maturing in 2025 and fund future operations. The facility, with a five-year term and one-year grace period, matures in 2030 and supports the telco’s growth strategy.
Du’s secondary share sale, valued at up to Dh3.39 billion, will raise its free float to 27.5 per cent and attract broader investor participation. Positioned as a defensive sector, UAE telecoms offer stable returns, while du’s focus on AI and digital services underscores its aggressive expansion strategy in a dynamic market.
Iraq’s Federal Board of Supreme Audit has reported that Asiacell and Zain Iraq owe over 161 billion Iraqi dinars in accumulated debts to the state. The document highlights significant financial liabilities but provides no details on repayment mechanisms or potential government actions.
Intella, a Saudi-based AI startup specialising in Arabic dialect speech-to-text, raised $12.5M in Series A funding led by Prosus. With 95.73% transcription accuracy, it outperforms global tech giants. The capital will drive R&D, expand Ziila and IntellaCX, and support growth in Egypt and Saudi Arabia.
Mamoura Diversified Global Holding is selling 7.5% of its stake in du through a DFM share sale, valued between Dh3.08B and Dh3.39B. The offering, open September 8–12, targets both retail and institutional investors, while du’s H1 2025 profits rose 15% to Dh921M.
Morocco will launch 5G in November 2025, with BKGR estimating $4–6 billion in economic impact by 2030. Backed by MAD 80 billion in investment and 5G licenses for Maroc Telecom, Inwi, and Orange, the rollout will cover eight cities initially, expanding to 70% of the population by 2030.
SLT-Mobitel posted Rs. 4.3B PAT in 1H 2025 after last year’s loss, signaling a strong turnaround. With 95% fibre coverage and new AI initiatives, it is driving Sri Lanka’s digital transformation, supporting government networks, and serving as strategic partner for the country’s first National AI Expo.
PTCL Group reported 16% YoY revenue growth in HY 2025, fueled by fiber broadband, enterprise services, and Ufone 4G. Despite a one-off net loss, the Group expanded its FTTH footprint, launched Pakistan’s first 5G-ready smart community, boosted digital wallets and apps, and advanced major regional connectivity projects.
Turk Telekom has extended its fixed-line concession in Turkey until 2050 with a $3B payment plan and $17B investment pledge. The agreement secures the operator’s role in providing and developing fixed telecom infrastructure, with authorities expecting a $20B contribution to the economy.
Egypt’s Prime Minister reviewed national ICT and digital transformation strategies with key ministers, highlighting efforts to attract investment, build digital skills, and foster startup growth. The ICT sector now contributes 5.8% to GDP, with major initiatives like the Digital Egypt platform, AI projects, and a booming outsourcing industry.