Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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.
Cisco’s network modernization deal is part of Bahrain’s $17 billion investment push with US firms to build digital infrastructure and submarine cables, aiming to position Bahrain and the Gulf as key global tech and data hubs.
Sri Lanka’s President Anura Kumara Dissanayake met with Saudi Fund for Development CEO Sultan A. Al-Marshad to evaluate ongoing projects and seek new avenues for partnership.
PTCL is set to present a $1 billion investment plan to the CCP to secure merger approval with Telenor amid significant financial losses, outstanding privatization payments, and regulatory challenges, raising concerns over the company’s future stability and growth.
Huspy raised $59M Series B to expand its digital mortgage and real estate platform in the Middle East and Europe. Operating a network model connecting agents to leads, Huspy has captured 30% of the UAE mortgage market and rapidly grown in Spain, facilitating $7B+ in transactions.
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.