Technology News and insights in the Middle East, South Asia, and Africa
Space42, the UAE-based space tech company, reported a 17.5% increase in profit for the first nine months of 2024, totaling $118.8 million. The company’s performance was boosted by the merger with Bayanat and Yahsat. Despite a revenue decline, Space42 remains focused on profitable growth and innovation in tech solutions.
SeamlessHR, a Nigerian HR tech company, has raised $9 million in a Series-A extension round from the Gates Foundation and Helios Digital Ventures. The funds will support the company’s expansion across Africa and potential acquisitions. This brings the total funding raised by SeamlessHR to about $25 million.
Bangladesh’s telecom consumers, entrepreneurs, and experts are calling for internet access to be recognized as a fundamental right in the country’s constitution. They also demand the inclusion of data privacy and protection clauses, highlighting the economic impact of internet shutdowns and the need for secure data handling in the digital age.
Valu has partnered with Hive Analytics to foster AI talent in Egypt through Hive Academy. This initiative will offer flexible payment solutions for AI courses and award 125,000 EGP in prizes for top projects. The partnership aims to support over 10,000 learners, promoting AI innovation and development in Egypt.
Qatar’s MCIT has launched an initiative to develop a skilled workforce, focusing on digital skills through a dedicated working group. The program addresses the growing demand for expertise in emerging technologies, aligning with the nation’s goals for economic diversification, innovation, and sustainability in the digital economy.
Khalifa University and Lockheed Martin have signed an MoU to expand collaboration in aerospace and defense technologies. The partnership will establish Lockheed Martin’s Center for Innovation and Security Solutions at Khalifa University’s campus, focusing on AI, simulation, and autonomous systems to enhance the UAE’s technological leadership.
Moro Hub has signed an agreement with Dell Technologies at Gitex Global 2024 to expand its digital solutions offering, including Data Centre hosting and Cloud Computing. This partnership aims to enhance customer experience and support businesses in their digital transformation journeys across the region.
The UAE’s non-oil foreign trade surged by 18.6% in Q1 2025, reaching AED 835 billion, driven by a 40.7% jump in non-oil exports. This growth outpaces global averages and is set to help the UAE achieve its AED 4 trillion non-oil trade target four years early. Strong trade gains were seen with top partners like Saudi Arabia, India, and China, reflecting robust economic stability and progress under current leadership.
resident El-Sisi emphasizes the importance of digital transformation in Egypt, directing efforts to improve communication services and attract investment in ICT.
Integrated Telecom Company (Salam) participated in Capacity Europe 2024 in London, showcasing its commitment to advancing global digital infrastructure. The company highlighted its innovative connectivity solutions and engaged with industry leaders to strengthen its position in regional and global telecommunications markets.