EOS-X SPACE plans to launch space flights in Abu Dhabi by 2025, offering a unique travel experience via pressurized capsules lifted by helium balloons. The company’s ambitious expansion includes significant investments and aims to target high-net-worth individuals, projecting substantial revenue growth over the next five years.
Tether has invested $3 million in Kuwait’s Kem App to expand digital financial services in the Middle East. This partnership aims to boost regional adoption of USD₮ and enhance access to decentralized finance. The collaboration marks a significant step in transitioning the Gulf region into a digital cash economy, promoting financial inclusion and stability.
SLB and Aker BP have formed a long-term partnership to co-develop an AI-driven digital platform using the Delfi platform. This initiative aims to enhance Aker BP’s E&P operations by leveraging advanced AI and cloud technology, driving efficiency, production, and sustainability, and establishing a unified data environment for subsurface workflows.
BNET has launched the BNET E-Sourcing platform, a digital tool for supply chain management, in partnership with SAP and SEIDOR. This platform enhances procurement efficiency, streamlines supplier relations, and supports BNET’s operational goals with comprehensive training and resources for stakeholders.
Abu Dhabi-based ERP provider Hulexo has secured seed investment from Arzan VC to expand its presence in the Middle East, aiming to reach 300 retail locations by 2025. The investment will also support Hulexo’s entry into Kuwait and Saudi Arabia, enabling partnerships and continued innovation for retail SMEs in the region.
The UAE will enhance its cybersecurity with three new policies focusing on cloud computing, data security, IoT security, and cybersecurity operations centers, announced Mohammed Hamad Al-Kuwaiti, chair of the Cybersecurity Council. Additionally, a new encryption law for data transmission security with quantum systems is expected by year-end, aiming to bolster national cybersecurity standards.
She Loves Tech launched its Islamabad round, co-hosted by Telenor Velocity and organized by CIRCLE Women Association. Held at Telenor Pakistan’s Campus ‘345’, the event featured ten women-led tech startups competing for a spot in the National Finale, offering mentorship, workshops, and networking opportunities.
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.
ITIDA has partnered with CARITech to enhance Egypt’s software development sector through training, certification, and consultancy services. This collaboration, formalized by an MoU, aims to improve digital talent efficiency and align professionals with international standards, reinforcing Egypt’s position as a global IT services hub while expanding CARITech’s reach in global markets.
The Telecommunications Regulatory Authority (TRA) in Oman has launched a project to measure and ensure the quality of fixed broadband services. Subscribers will receive a free device to evaluate their Internet service, enhancing transparency, consumer satisfaction, and competition based on service quality.
