Foundation Ventures, a Cairo-based venture capital firm, has secured the first close of its $25 million fund, “FVFII.” The fund will support startups in Egypt and Africa, focusing on driving innovation, regional expansion, and global competitiveness. Investors include the Egyptian American Enterprise Fund and MSMEDA.
5dVR has expanded to Saudi Arabia with AstroLabs to enable firms to adopt AR, VR, and mixed reality technologies. The Cairo-based company aims to transform local sectors by leveraging its global expertise and fostering digital transformation, aligning with Saudi Vision 2030. The Saudi AR/VR sector is expected to grow significantly, creating demand for 5dVR’s innovative services.
Ali Al-Moayyed of Iraq’s CMC invited ITU Secretary-General Doreen Bogdan-Martin to Iraq to discuss enhancing Iraq’s digital infrastructure. Their talks, aimed at closing Iraq’s digital divide and fostering innovation, highlighted international cooperation as key to integrating Iraq into the global digital economy.
This development marks an important strategic milestone for PAIX Data Centres as it continues to expand its network in West…
Visa hosted its first Visa Connect Amman event, uniting 150 participants from Jordan, Iraq, Lebanon, and Palestine to discuss the future of digital payments. The event explored trends in digitization, AI-driven solutions, and opportunities for business growth, marking a significant milestone in Visa’s efforts to drive innovation in the Levant region.
The GCC, recognized for its strategic importance in global trade, has long faced challenges in road freight logistics, including inefficiencies, lack of transparency, and high operational costs.
In collaboration with the Communications Regulatory Authority, Huawei has launched the eighth edition of the ‘Seeds for the Future’ programme in Qatar. The initiative aims to develop ICT skills among Qatari youth, selecting 10 elite students to participate in a regional programme in Uzbekistan, fostering innovation and cross-cultural exchange.
Iraq has partnered with Vodafone to launch a fully government-owned 5G network, aiming to enhance telecom services, reduce costs, and create job opportunities for youth. The initiative, backed by Vodafone’s global expertise, will foster economic development and improve network management skills among young Iraqis.
Türkiye’s indigenous telecommunications satellite, Turksat 6A, will launch next month via a SpaceX Falcon 9 rocket. Expanding coverage to India, Thailand, Malaysia, and Indonesia, the satellite will increase Türkiye’s reach from 3.5 billion to over 5 billion people, covering more than 65% of the world’s population.
At GITEX Africa in Marrakech, Hamad Obaid Al Mansoori of Digital Dubai emphasized the shared ambition of Morocco and the UAE to promote the knowledge economy. The event, organized by Morocco’s Ministry of Digital Transition and KAOUN International, features 15,000 exhibitors and 800 startups, aiming to boost Africa’s innovation and entrepreneurial economy.
