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
Payment24 has strengthened its Middle East presence by launching a regional hub in Dubai and securing strategic contracts in the UAE and Saudi Arabia, marking a key milestone in its GCC expansion strategy. The company is responding to surging demand for advanced fleet, fuel, and retail payment technologies, positioning its modular platform as a backbone for digital transformation in the downstream oil and gas sector.
Invest Saudi will highlight the Kingdom’s $14.9 billion technology investment portfolio at Web Summit 2025 in Lisbon, positioning Saudi Arabia as a global hub for artificial intelligence, e-commerce, and logistics innovation under Vision 2030. With a digital economy projected to reach $76 billion by 2030, Saudi Arabia is leveraging its vast connectivity infrastructure — including 1,300 megawatts of data-center capacity and 20 subsea cables — to anchor its regional digital leadership.
Microsoft and G42 will expand UAE data centre capacity by 200 MW via Khazna Data Centers, part of a $15 billion investment in AI and cloud infrastructure. The move strengthens Microsoft Azure’s regional footprint and accelerates the UAE’s vision to become a global AI powerhouse.
Tunisian traveltech startup WildyNess has closed a pre-seed round co-led by Bridging Angels and the African Diaspora Network to expand into Algeria, Saudi Arabia, Oman, and the UAE. The platform connects travelers with authentic local experiences and champions community-based, sustainable tourism.
Aramco will acquire a significant minority stake in HUMAIN, joining PIF to accelerate Saudi Arabia’s AI ecosystem. The partnership combines assets, talent, and infrastructure to strengthen HUMAIN’s global reach and bolster Saudi leadership in AI-driven industrial transformation and innovation.
Oman’s ITHCA Group has invested $20 million in U.S. firm Movandi to accelerate semiconductor and AI-powered communications innovation, including a new Muscat R&D hub. The move supports Vision 2040 and strengthens Oman’s digital ecosystem.
Oman’s ITHCA Group has invested $20 million in U.S. tech firm Movandi to build the country’s semiconductor and AI communications ecosystem. The partnership will establish a Muscat R&D center and boost Oman’s Vision 2040 digital ambitions.
Startups within Dubai’s in5 incubator have raised $2.45 billion since 2013, growing 14% year-on-year. With 1,100 startups across four innovation verticals, in5 continues to drive Dubai’s D33 economic and entrepreneurial vision.
Tagaddod, Egypt’s cleantech pioneer, secured $26.3 million in Series A funding led by The Arab Energy Fund to scale its AI-powered renewable feedstock platform across Africa, Asia, and Europe, strengthening the global supply chain for sustainable aviation fuel and biofuels.
UAE startup YAL.ai has raised $12M in Series A funding to expand its AI-powered scam protection platform. Using on-device, self-learning AI, it blocks fraud across calls, SMS, apps, and emails while safeguarding privacy. The funding fuels R&D and partnerships to scale globally against rising telecom fraud.