Technology News and insights in the Middle East, South Asia, and Africa
Lola Do Inc. raised $1.3 million in pre-seed funding, led by Vision Ventures and Plus VC, to revolutionize the cake customization industry. With its mobile app, Lola offers personalized cakes for every occasion, expanding rapidly in Saudi Arabia, Bahrain, and the UAE. The company is poised for further regional growth.
PTA’s firm conditions highlight the regulatory emphasis on financial compliance and infrastructure commitments as prerequisites for license renewal in Pakistan’s telecom sector.
Zain Group’s H1 2025 revenue grew 14% to $3.5B, net profit surged 49% to $395M. Customer base hit 50.9M, driven by growth in Sudan, Iraq, and Saudi Arabia. Investments in 5G, AI, fintech, and enterprise services continue to deliver strong results across core markets.
PTCL and Ufone have received the largest share of the Rs 141.66 billion subsidy from the Universal Service Fund to expand telecom services in underserved areas. The funds will help improve cellular, broadband, and fiber-optic services, with initiatives like broadband for sustainable development and solar-powered telecom sites.
Telenor Pakistan reported a 6.7% revenue increase for Q3 2024, totaling Rs. 30.11 billion, despite challenging economic conditions. The company achieved an organic growth rate of 8%, though its subscription base declined by 3%. Average Revenue Per User (ARPU) rose by 11%, contributing to a robust 9% growth in EBITDA.
du has partnered with Microsoft to integrate Microsoft Azure’s security stack with du Tech’s managed services, offering a 360-degree cybersecurity solution for businesses in the UAE. The collaboration includes AI-driven insights, predictive security, and advanced threat protection, enhancing the ability to combat evolving cyber threats and ensure compliance.
Strategic investment to accelerate Flend’s mission in redefining SME finance, with innovative, digital-first embedded lending solutions Cairo, Egypt – July…
Oman has launched a Postal Sector Policy and Executive Programme (2025-2029) to modernize and regulate the expanding postal sector, improve service quality, and support e-commerce and logistics. The programme aligns with national goals and includes initiatives like postal service liberalization, a national addressing system, and e-commerce delivery guidelines.
FPT has officially opened its regional headquarters in Riyadh, Saudi Arabia, becoming the first Vietnamese company licensed for regional operations. This expansion aims to meet the rising demand for digital services and aligns with Saudi Arabia’s Vision 2030, reinforcing FPT’s commitment to digital transformation in the Middle East.
Nepal Telecom (NT) reported a 16.44% decline in net profit for Q4 FY 2080/81, dropping to Rs. 6.62 billion. The decrease was driven by a 4.99% reduction in revenue and significant declines in investments and finance income. However, the company saw a slight increase in reserves and reduced operating expenses by 12.98%.