Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Mobile Telecommunications Company Saudi Arabia’s share price dropped 39% over five years despite steady EPS growth, though dividends softened losses to a -12% TSR. Recent gains show a 1.8% TSR over the past year, suggesting a potential turning point amid cautious investor sentiment.
Ooredoo has sold a 6% stake in Qatar’s Meeza to Fiera Capital (UK), retaining only 4% as it prepares for a full exit. The move supports Ooredoo’s strategy to expand Syntys, its AI-ready hyperscale data centre platform, across MENA to power cloud, AI, and digital transformation.
e& posted AED 34.9 billion revenue (+23.3% YoY) and AED 8.8 billion profit (+60.7%) in H1 2025, driven by UAE subscriber growth and AI-powered services. Key moves included a sovereign cloud launch with AWS, Serbia Broadband acquisition, and fintech and entertainment expansion.
Delivery Hero has priced Talabat’s IPO at AED 1.60 per share, raising $2 billion in Dubai’s biggest tech listing of the year. The offering values Talabat at $10.2 billion, reflecting strong investor demand, and cements its position as the Middle East’s leading food delivery and quick-commerce platform.
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.