Technology News and insights in the Middle East, South Asia, and Africa
Presight, the leading big data analytics firm in the region, and Intel, a global tech leader, have partnered to advance AI innovation in the Middle East. Their collaboration will focus on developing AI solutions, enhancing data security, and driving advancements in AI applications, particularly for Smart Cities, through shared knowledge and innovative R&D initiatives.
Kuwaiti fintech startup Kem has secured a $3 million investment from Tether, raising its total funding to $4.5 million. Kem’s platform enables QR code-based P2P payments, simplifying transactions. Tether’s investment aims to promote the adoption of USD₮ and expand digital financial services in the region.
Pakistan’s 5G spectrum auction is delayed due to PTCL’s incomplete submissions for its Telenor acquisition, stalling regulatory approval by the Competition Commission. Minister Shaza Fatima Khawaja confirmed the independent regulatory process as the main bottleneck amid merger uncertainties.
Huawei is set to build a $3.5 million data center for Nepal Telecom in Kathmandu and Bhairahawa, helping modernize data handling and improve service efficiency. This facility could provide new income streams for Nepal Telecom, which has faced declining revenues. The project highlights ongoing digital transformation efforts in Nepal.
PayTabs Group has acquired a majority stake in PayTabs Egypt, expanding its digital payment solutions in the country. The acquisition will enhance PayTabs’ ability to support local businesses, financial inclusion, and Egypt’s transition to a cashless society, while continuing to strengthen its position as a regional leader in digital payments.
NOOG has been launched at GITEX Expand North Star by Hasna Al Mutawa, focusing on transforming camel care through advanced health technology. The platform will provide real-time monitoring and data-driven insights to enhance the health and well-being of camels, merging traditional practices with innovative solutions.
Saudi Arabia ranks 20th globally in mobile network performance, securing third place worldwide in 5G download speeds, reaching 243.7 Mbps. The country’s focus on 5G infrastructure and consistent network quality, as reflected in the Opensignal report, positions it as a leader in mobile connectivity and digital innovation.
Diriyah Company has partnered with IBM to implement the IBM Maximo Application Suite for asset management in its City of Earth project. The collaboration leverages AI-powered solutions for predictive maintenance and real-time monitoring to enhance performance, sustainability, and operational efficiency, positioning Diriyah as a smart city leader.
Dialog Axiata has launched the India-Asia-Xpress (IAX) submarine cable system, enhancing Sri Lanka’s global connectivity. The project, part of a USD 100 million investment, connects Sri Lanka to India, Singapore, and beyond, supporting the growing demand for 5G, AI, and advanced data services with improved network reliability.
Al Yah Satellite Communications Company (Yahsat) reported a 62% increase in H1 net income to AED269 million, despite a 3% revenue drop. EBITDA surged 25%, driven by growth in key segments. Yahsat’s strong cash position and future contracts secure long-term financial stability amid strategic pivots and upcoming satellite launches.