Technology News and insights in the Middle East, South Asia, and Africa
Morocco has refreshed its offshoring strategy, placing AI, big data, and cloud computing at its core. Backed by tax incentives and training bonuses, the framework aims to attract global firms, future-proof the sector, and expand a workforce already supporting nearly 149,000 jobs and MAD 26 billion in service exports.
Wego and the Egyptian Tourism Authority have renewed their partnership to promote Egypt as a premier travel destination. The collaboration highlights Egypt’s iconic landmarks, hidden gems, and cultural heritage while encouraging responsible tourism and sustainability. The goal is to inspire travelers to explore all that Egypt has to offer.
CloudKitchens, led by former Uber CEO Travis Kalanick, is preparing for an IPO in the UAE or Saudi Arabia. With a $400 million investment from Saudi Arabia’s Public Investment Fund, the company aims to capitalize on the Middle East’s growing food delivery market, signaling strong investor interest in tech-driven ventures.
Flutterwave’s Send App launch in Egypt enhances cross-border remittances with secure, fast, and accessible transfers, empowering the Egyptian diaspora to support families and communities while advancing Africa’s fintech ecosystem.
GCC ministers meeting in Kuwait underscored the region’s leadership in digital transformation and telecom excellence. Discussions focused on advancing Gulf integration, localizing advanced technologies, and strengthening infrastructure as Kuwait, Saudi Arabia, the UAE, and Bahrain achieved top global ICT rankings.
Telecom Egypt reported a 5.59% YoY decline in consolidated net profit for the first nine months of 2024, totaling EGP 8.637 billion. Operating revenues rose to EGP 58.43 billion. The company’s standalone profit also decreased during the same period, reflecting a challenging year for the telecom operator.
Orange Jordan and Proparco have partnered to enhance programming skills through Coding Academies, expanding digital inclusion in Jordan. The €1-million agreement aims to train more young programmers, while an additional USD 15-million agreement supports the expansion of Orange’s fiber optic network.