Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Saudi Arabia commits $6.4 billion to Syria’s reconstruction, focusing on infrastructure and telecom sectors, with major Gulf and regional companies involved. The investment supports interim President Sharaa’s government amid post-war rebuilding and eased sanctions.
IFC’s $430M financing supports Maroc Telecom’s 4G expansion in Chad and Mali, aiming to improve digital access and bridge connectivity gaps across Africa.
ZabonEx raised $100,000 in pre-seed funding to develop advanced demand forecasting for Oman’s F&B sector, supporting profitability and sustainability. The startup plans regional expansion backed by enhanced technology and local partnerships.
Ora, a Moroccan startup, raises $7.5 million Series A to expand its Kooul food delivery app and Ora Cash mobile wallet, targeting local and international growth with a focus on digitalizing cash payments and last-mile delivery.
Egypt’s Nawy acquires Dubai’s SmartCrowd, expanding its prop-tech ecosystem into the GCC. The deal enhances Nawy’s offerings in fractional ownership, financing, brokerage, and asset management, aiming to revolutionize property investment for digital investors across MENA.
Ovasave raised $1.2 million to expand its digital fertility and hormonal health platform across the GCC. Backed by top investors and Abu Dhabi’s Hub71, the startup aims to enhance women’s health access through tech-driven, personalized solutions and corporate partnerships amid growing regional FemTech demand.
Wa’ed Ventures backs Lucidya’s $30 million Series B funding, marking a record raise for an AI company in Saudi Arabia, joined by Impact46 and other investors.
ORA Technologies raises $7.5 million to scale its Kooul food delivery platform and ORA Cash mobile wallet, driving digital payments and e-commerce adoption in Morocco with a record-breaking funding round.
PALM secures seven-figure pre-seed funding to scale its goal-based saving platform in Egypt. By blending investment with behavioural incentives, PALM aims to modernize saving habits and boost financial inclusion in line with national development goals.
Bahrain commits $17 billion to U.S. sectors including aviation, tech, and energy, fostering job creation and strategic ties. The plan advances digital infrastructure modernization, new subsea cables, and deepens Bahrain-U.S. economic and security collaboration.