Cartona, a B2B platform digitizing Egypt’s traditional trade market, raised $8.1 million in a Series A extension. The funds will accelerate growth, expand market share, and support regional expansion. The company’s asset-light model and strong unit economics have driven substantial growth, now serving over 188,000 retailers across 17 Egyptian cities.
Grameenphone launched ‘gpfi unlimited’, a fixed wireless access service providing Wifi-like internet without cables. Customers can choose from routers priced at Tk 4,000 and Tk 7,500, and plans ranging from Tk 1,000 to Tk 1,900 per month. The launch event featured key figures from the telecom industry and Grameenphone executives.
stc pay Bahrain has achieved PCI DSS v4.0 certification, the latest global security standard for protecting payment card data. This certification highlights stc pay’s commitment to providing a secure digital payment experience. The rigorous audit ensures compliance and enhances customer trust, solidifying stc pay Bahrain’s leadership in the digital payment landscape.
Krohne Group expands its service team across the Middle East, enhancing customer support and delivering superior measurement solutions. With a hybrid workforce in the UAE, Saudi Arabia, Qatar, Kuwait, and Iraq, Krohne ensures increased equipment longevity, reduced wastage, and precise measurement uptime, reinforcing its commitment to the region’s industrial sectors.
Savic has facilitated Gulftainer’s migration from SAP S/4HANA 2020 on Azure to RISE with SAP S/4HANA on Azure, enhancing operational capabilities. This project underscores Savic’s expertise in digital transformation, optimizing core operations, and setting new industry standards, ensuring Gulftainer’s agility, improved customer service, and better decision-making in a dynamic market.
The Saudi Data and AI Authority has launched new technical infrastructure projects and data centers in Riyadh. These state-of-the-art centers, built to UPTIME Institute standards, aim to boost capacity and efficiency. The initiative supports SDAIA’s strategy for sustainable data centers with advanced electrical and mechanical systems.
stc has partnered with MEW to supply 500,000 smart electricity meters in Kuwait, supporting the country’s Vision 2035. This project aims to enhance energy efficiency, reduce wastage, and improve electricity management. The collaboration underscores stc’s commitment to digital transformation and sustainable development in Kuwait.
UAE tech venture company Scalo Technologies has partnered with Young Founders School (YFS) to enhance entrepreneurship education and internships for secondary school students globally. The collaboration aims to impact 10,000 students annually by 2026, especially in underserved communities. A Gala Dinner in Singapore on August 31, 2024, will introduce Scalo Technologies and other new partners.
Banknbox and CSC Jordan seek to strengthen their position in MENA’s fintech sector by integrating their customer-facing systems from banks and financial institutions as well as linking applications to provide distinctive regional services to their customers.
Bayanat, a leading AI-powered geospatial solutions provider, and South Korean autonomous technology firm Autonomous a2z, have announced a joint venture to develop and deploy autonomous systems in the UAE and the wider MENA region. This partnership was launched at the DRIFTx event in Abu Dhabi, showcasing a teleoperated vehicle from South Korea, and aligns with UAE’s technological innovation goals.
