Technology News and insights in the Middle East, South Asia, and Africa
Standard Chartered Pakistan has launched the 7th Cohort of its Women in Tech Accelerator, aimed at empowering female entrepreneurs by providing mentorship and funding. Over the past six years, the program has supported over 140 women founders and helped 43 secure seed funding.
The project established a foundation for an innovative and more digitally connected governance system through collaborations with the General Information…
Zain has partnered with the Kuwait CyberChamps Competition to enhance digital skills among middle and high school students. The collaboration focuses on cybersecurity awareness and STEM education, aiming to develop the next generation of skilled youth. The initiative is part of Zain’s broader commitment to fostering digital transformation and youth empowerment.
SAP Innovation Day in Kuwait focused on the role of AI and digital technologies in advancing Kuwait’s Vision 2035. The event featured key collaborations with local businesses, with SAP offering AI-driven solutions like SAP S/4HANA and SAP SuccessFactors to support digital transformation in healthcare, finance, and more.
Artefact will host a one-day summit in Riyadh on October 8, 2024, bringing together over 150 global thought leaders to discuss advancements in data and AI. The event will showcase cutting-edge innovations and offer insights into driving business growth through AI.
Al Moammar Information Systems Co. (MIS) sold its entire investment in OpenAI for $8.4 million, earning a profit of $3.4 million. The sale follows other strategic moves in AI and digital infrastructure, including partnerships and contracts in Saudi Arabia. MIS’s 2024 profits saw a 356% increase.
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%.
Ooredoo has successfully tested groundbreaking 5.5G technology in Oman, setting new standards for speed, capacity, and reliability. This achievement positions Ooredoo at the forefront of telecom innovation, supporting Oman’s digital vision 2040. With enhanced connectivity, 5.5G will revolutionize real-time services and deliver unparalleled digital experiences across various scenarios.
LuLu Exchange has partnered with Fintech Galaxy to improve cross-border payments in Bahrain by leveraging open banking solutions. This collaboration aims to enhance transaction speed, security, and convenience, aligning with Bahrain’s financial inclusion goals. The partnership positions LuLu Exchange as the first licensed company to integrate open banking for payments.
YOUKNOW Technologies has become a HubSpot Solutions Partner in South Africa, offering local businesses access to premium CRM solutions. The partnership enables companies to leverage HubSpot’s CRM capabilities, improving sales, customer retention, and marketing alignment, all while benefiting from YOUKNOW’s local support and extensive implementation expertise.