Technology News and insights in the Middle East, South Asia, and Africa
Oman has improved its position in the 2024 Government Electronic and Mobile Services Maturity Index, scoring 72%, up from 66% in 2023. The report highlights progress in digital government services, with improvements in service availability, user satisfaction, and mobile platforms, though a digital divide persists in the region.
Visa has partnered with Fonepay to introduce Scan to Pay in Nepal, allowing international travelers to make secure payments at over 1.5 million merchants using their Visa cards via Fonepay’s QR code system. This collaboration enhances the digital payment experience for tourists and supports financial inclusion in Nepal.
SLT Group reported a strong financial turnaround in 2024, with a Profit After Tax of Rs. 3.1 billion, reversing a loss from 2023. Revenue grew by 4.4%, driven by improved operational efficiency, cost optimization, and robust growth in broadband, mobile, and enterprise sectors. The Group also made significant contributions to state revenue.
ZainTECH has secured a commercial license in Saudi Arabia, enabling the company to establish regional offices and expand its technology solutions across sectors like IoT, cybersecurity, AI, and cloud services. This move aligns with Saudi Vision 2030, strengthening local collaborations and contributing to the Kingdom’s digital transformation.
Bahrain’s startup ecosystem has generated USD 1.2 billion from July 2021 to December 2023, with fintech leading the way. Key players like Tamkeen, Bahrain FinTech Bay, and Central Bank of Bahrain support this growth. Tech startups such as Calo and Unipal continue to attract investment, signaling strong growth for 2025.
Startup Grind Qatar held its inaugural Tech Startup Community Awards to honor individuals and startups driving innovation in Qatar’s tech ecosystem. With over 150 nominations, the event celebrated achievements in various categories, highlighting the importance of collaboration and community in fostering entrepreneurship and technological growth.
The UAE’s AI Office and Samsung Gulf Electronics have partnered to integrate Samsung’s Innovation Campus into the UAE AI Camp 2024. This collaboration aims to enhance AI education for UAE youth, aligning with the UAE’s AI Strategy 2031. The initiative offers comprehensive training in AI, machine learning, and emerging technologies, fostering innovation and digital literacy.
Egyptian fintech Lucky ONE has raised $3 million in a convertible note, aiming for profitability by Q1 2025. The funds will expand its credit lending services, aligning with Egypt’s financial inclusion goals. Co-founders Momtaz Moussa and Ayman Essawy emphasize sustainable growth, with plans for regional expansion and a comprehensive financial services offering.
SOHAR Port has launched its new Port Management Information System, Marasi, to optimize operations and improve stakeholder collaboration. The system, already deployed in 50 ports worldwide, offers real-time data, mobile apps for marine pilots, and enhanced communication for shipping agents, aligning with Oman Vision 2040 for sustainable growth.
Median Ransom Payment is $1.33 Million; Yet 30% of Companies Negotiated a Lower Amount than the Initial Demand Dubai, United…