Oracle’s first CloudWorld Tour event in Saudi Arabia marks a key milestone in its commitment to supporting the Kingdom’s AI economy. The event celebrated 30 years of Oracle’s involvement in Saudi Arabia’s digital transformation, featuring keynotes, AI demonstrations, and showcasing Oracle’s cloud innovations that align with Vision 2030.
Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has announced plans to invest EGP 1 billion in the digital sector, focusing on technological infrastructure and cybersecurity. This strategic move comes as the bank records net profits of EGP 6.80 billion for the nine-month period ending September 30, 2024.
Edgnex Data Centres by Damac has announced a new state-of-the-art data centre in Jakarta, Indonesia, to support the region’s growing digital economy. Scheduled for completion in late 2025, this facility will enhance service reliability and meet the rising demand for cloud services, AI deployments, and internet usage in Southeast Asia.
Bangladesh has improved its frontier technology preparedness, ranking 112th globally in the 2025 Technology and Innovation Report. The country excels in research and development but lags in ICT development. While India leads South Asia, Bangladesh faces challenges in infrastructure and skills, requiring reforms to fully leverage frontier technologies.
Grameen Digital Healthcare Solutions (GDHS) has partnered with Robi Axiata to improve digital healthcare access in Bangladesh. The collaboration will expand GDHS’s Shukhee app, offering services like video consultations and home lab tests to underserved communities. This partnership aims to make healthcare more accessible nationwide.
GFH Financial Group has raised its US investments to over $200 million, focusing on data centers and AI development. The announcement aligns with the growing trend of GCC companies investing in high-tech infrastructure, with similar pledges from other major players like Hussain Sajwani and KKR.
Ariika, an Egyptian home furnishing e-commerce startup, has raised $3 million in Series A extension funding, led by Beltone Venture Capital and Citadel International Holdings. The new capital will fuel its expansion in Saudi Arabia and Iraq, with Ariika poised for significant growth in the MENA home décor market.
Zain Group releases its 13th annual sustainability report titled “A Pathway to Value Creation,” highlighting efforts to address social, economic, and environmental challenges through its connectivity services. The report outlines Zain’s alignment with global sustainability standards and its initiatives across climate change, responsible operations, inclusion, and youth engagement.
Thawani Technologies has secured a spot on Forbes Middle East’s Top 50 Fintech Companies for the second year, advancing to 36th place in 2025. The company’s growing influence in Oman’s fintech sector reflects its commitment to digital transformation and financial inclusion, aligning with Oman Vision 2040.
Microsoft is expanding its presence in the UAE with the launch of an Engineering Development Center in Abu Dhabi. This move strengthens its commitment to innovation in AI, cloud, and cybersecurity. The center will foster tech talent, support economic growth, and contribute to global technological advancements.
