MBRIF and AzurX have partnered to boost innovation in the space and strategic technologies sector. This collaboration aims to attract high-potential space startups to the UAE, providing them with resources, mentorship, and support through a customized accelerator programme, aligning with the UAE National Innovation Strategy and Oman Vision 2040.
AI is playing a pivotal role in enhancing various logistics processes, from predictive analytics and route optimization to advanced customer service solutions.
Ericsson and Vodafone have signed an MoU to collaborate on ICT educational initiatives in Oman, supporting Oman Vision 2040. The partnership will leverage Ericsson’s educational programs to develop digital skills among Omani youth, enhancing their competitiveness and employability in the ICT sector.
Yahsat has signed an MoU with South Africa’s Department of Communications and Digital Technologies to enhance collaboration in satellite and ICT services. The agreement includes satellite broadband, IoT, geospatial applications, and more. This partnership aims to develop infrastructure, skills, and communications capabilities in South Africa.
Grubtech raised $15 million to expand its restaurant management platform globally, with new offices planned in Saudi Arabia, Europe, and the UK. The funding, led by Jahez, supports Grubtech’s growth in managing digital operations for over 700 brands in 18 markets.
Dubai-based Holo secured pre-Series A funding to expand its digital mortgage platform in the UAE and GCC, starting with Saudi Arabia. The platform offers mortgage comparisons and application assistance, earning revenue from banks for client referrals. The funds will support regional growth and product expansion.
Beyon Solutions acquired Link Development, expanding its digital transformation services. This move enhances Beyon’s offerings and reach, creating a major regional hub. The acquisition, pending regulatory approval, is the eighth exit for investment firm A15.
Google Cloud’s Doha Summit celebrated a year of growth and AI innovation in Qatar, with over 1,000 attendees highlighting the impact of Google Cloud’s services. Discussions focused on AI advancements, digital transformation, and future potential, emphasizing the region’s growing digital landscape.
IBM is releasing its AI models as open-source software and helping Saudi Arabia train an Arabic AI system. The Granite models, designed for faster code completion, are customizable, and IBM’s Watsonx tool ensures smooth operation in data centers.
AWS executive Kevin Miller emphasizes the UAE’s potential as a global tech leader, driven by AI models like Falcon. The UAE’s focus on AI and foundational research, combined with regional investments, fosters digital transformation and innovation, positioning the Middle East as a significant player in global technology.
