Oracle has launched its second public cloud region in Riyadh as part of a $1.5 billion investment to support Saudi Arabia’s digital transformation under Vision 2030. The new region will enhance cloud and AI adoption across sectors, joining existing and planned Oracle cloud regions in Jeddah and NEOM.
The event will highlight SAP’s AI capabilities, including its generative AI copilot Joule, and demonstrate how AI can drive business innovation.
Gulf Strategic Solutions and Festipay have partnered to enhance cashless payment technology for events across the Middle East. This collaboration focuses on developing integrated cashless solutions for major events, following their success at the Bahrain Grand Prix and other prominent events.
InvoiceQ has raised $1.2 million in a pre-Series A funding round, backed by Oasis 500, Orange VC, and other investors. The company specializes in e-invoicing solutions and plans to expand into Oman, Egypt, the UAE, and the GCC. The funds will help accelerate growth and improve service offerings across the MENA region.
Nepal has officially lifted the nine-month ban on TikTok following a Cabinet decision, with conditions for ByteDance to meet within three months. The move signals a new phase of cooperation between the government and the platform, ensuring compliance with content guidelines and social media regulations.
Ursula von der Leyen, re-elected European Commission president, plans to focus her next term on the Mediterranean, emphasizing digital transformation. The new portfolio will strengthen various sectors through initiatives like the MEDUSA project, enhancing connectivity and fostering economic stability, job creation, and regional cooperation in digital development.
Saudi fintech leader Tamam has partnered with ZainTECH, Fico, and Lean Technologies to create an AI-driven credit assessment model, enhancing financial inclusion in line with Vision 2030. This collaboration aims to revolutionize the consumer finance landscape by integrating advanced technology and open banking solutions.
The Saudi Digital Government Authority announced that its Digital Experience Maturity Index for 2024 rated at an advanced 85.04%. Evaluating 39 platforms, the index aims to enhance user satisfaction and digital transformation in Saudi Arabia, with top platforms like Tawakkalna achieving a high score of 91.29%.
Bupa Arabia’s new AI-driven Digital Clinic provides accessible healthcare services through smartphones, aiming to keep users healthy while improving the company’s efficiency. The service uses AI to track health data and predict risks, offering virtual consultations, checkups, and medication delivery to patients with chronic conditions.
Ooredoo Kuwait has launched “Home Internet,” a cutting-edge home networking solution offering reliable, high-speed internet tailored to meet diverse household needs. With packages like MESH, FIBER+, and ProPing for gamers, Ooredoo integrates 5G technology to enhance connectivity, supporting smart homes, remote work, and entertainment. This launch positions Ooredoo as a leader in Kuwait’s digital transformation.
