Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Huspy raised $59M to expand its digital home-buying and mortgage platform from the UAE and Spain into broader Europe and the Middle East. The network-based model connects agents with leads and integrates mortgage services, rapidly growing market share and transaction volume.
Saudi quick commerce startup Ninja raised $254 million in a pre-IPO round at a $1.5 billion valuation. Operating across GCC countries, Ninja offers instant delivery of groceries and food, with nearly $1 billion in annual GMV and profitability, positioning itself for IPO and further expansion.
Aria Ventures launched a EGP50 million fund to support deep-tech startups in Egypt. The venture studio builds startups by validating ideas and providing infrastructure, planning to scale funding to EGP200 million to advance scientific innovation in the region.
Jordan promotes access to a $50 trillion market at Singapore forum, emphasizing strategic location, growing industries, and strong trade agreements. The country advances economic modernization, green energy, and bilateral partnerships to boost investment and exports.
Tech Mahindra leverages Oman as a strategic innovation hub, driving digital transformation via AI, 5G, cloud, and cybersecurity. The company invests heavily in local talent development, sustainable solutions, and regional collaboration aligned with Oman Vision 2040.
TruKKer has secured $15 million from Ruya Partners to fuel its regional expansion and technology upgrades. Its AI-driven freight platform addresses Middle East logistics challenges amid Saudi Arabia’s booming infrastructure investments and growing GCC trade integration, positioning TruKKer as a key player in regional digital freight innovation.
Media City Qatar and Commercial Bank signed an agreement to streamline banking support for investors and licensed companies, simplifying business setup and enhancing financial services. This partnership supports Qatar National Vision 2030’s goals of economic diversification and innovation in the media and technology sectors.
Maroc Telecom raised MAD 3 billion ($330 million) through its first private bond in Morocco’s domestic market, to refinance debt and invest in 5G and fiber infrastructure. Despite a slight profit decline in Q1 2025, the company expanded its customer base to 80 million and strengthened its African presence with IFC-backed credit for Chad and Mali.
UAE-based VC fund EQIQ has invested $3 million in InstaBank, a new AI-powered digital bank in Iraq, as part of a $15 million funding round. Led by finance veteran Hussain Qaragholi, InstaBank aims to transform Iraq’s financial sector with scalable, inclusive fintech services and serve as a core pillar of EQIQ’s regional digital ecosystem strategy.
Saudi Arabia’s fast-growing delivery startup Ninja has secured $250 million in funding led by Riyad Capital, reaching a $1.5 billion valuation and becoming the Kingdom’s newest tech unicorn. The funding highlights Saudi Arabia’s expanding venture capital ecosystem and startup scene, supporting the government’s efforts to diversify the economy. Ninja plans an IPO by 2027 and operates in multiple Gulf countries, reflecting regional growth in tech-driven logistics services.