Naif Al Rajhi Investment has acquired a strategic stake in Mawdoo3, a leading company in Arabic AI and large language models. This partnership will accelerate digital transformation and AI innovation in the region, supporting Mawdoo3’s expansion and strengthening its position in Arabic language technology.
PayTabs Egypt has partnered with Azimut to offer online top-ups for investment accounts on the azinvest platform, using debit and prepaid cards. The collaboration, approved by the Central Bank of Egypt, simplifies account funding and optimizes investment management. This partnership enhances digital payment solutions across the region.
Cassava Technologies has partnered with eFinance Investment Group to drive the adoption of digital solutions in Egypt and the MENA region. The collaboration, announced at the Cairo ICT Exhibition, combines Cassava’s African infrastructure with eFinance’s expertise in digital payments, aiming to accelerate digital transformation across key sectors.
The Open-Source AI Summit Abu Dhabi, hosted by TII, brought together over 300 international AI experts to discuss the future of AI. Topics included AI ownership, ethical considerations, sustainable computing, and the debate between open- and closed-source models. The summit marks a significant step in shaping global AI policies.
Bahrain’s National Space Science Agency (NSSA) has partnered with BRS Labs to offer online space science training for students. The initiative, which aims to develop skills in remote sensing and satellite technology, will provide over 100 students with industry-grade software and professional certification, contributing to Bahrain’s growing space science capabilities.
Al Baraka Bank Egypt has launched a new mobile banking app as part of its 2023-2025 strategy to enhance its digital ecosystem. The app, along with an upgraded internet banking service, aims to expand the bank’s digital presence, attract new customers, and provide innovative solutions, especially for corporate clients.
Saudi Railway Company (SAR) has partnered with Alstom to enhance its east-west freight corridor through a five-year agreement. By leveraging Alstom’s predictive maintenance technology, HealthHub, SAR aims to optimize fleet availability, reduce downtime, and improve operational efficiency. This initiative supports Saudi Arabia’s Vision 2030 by boosting logistics capabilities.
e& Enterprise has partnered with Cloudera to accelerate digital transformation in the Middle East. The collaboration focuses on AI-powered solutions, generative AI, and data management to enhance efficiency in key sectors like telecom, healthcare, and finance. Together, they aim to foster innovation and drive business growth across the region.
Axidian is unveiling its advanced identity security solution, Axidian Shield, at Black Hat MEA 2024 in Riyadh. The company is showcasing its cybersecurity offerings, including PAM, IAM, and PKI management. This participation supports Saudi Arabia’s Vision 2030 initiative, emphasizing the importance of cutting-edge security solutions in the kingdom’s tech transformation.
Iraq selects Vodafone to launch its 5G network, marking a significant step in enhancing its telecommunications infrastructure. This partnership promises advanced connectivity with high-speed data and low latency, signaling a new era in Iraq’s tech development.
