Technology News and insights in the Middle East, South Asia, and Africa
Zain reports steady revenue growth in Q3 and 9M 2024, driven by digital transformation, fintech expansion, and investments in 5G. The company highlights strong growth in digital services and data revenue across its operating regions.
LemFi launches in Egypt, targeting its $29.6B remittance market and diaspora in the US, UK, and Europe. The fintech leverages rising digital payments and aims to expand further in North Africa and beyond.
Tkawen, a digital platform founded by Hartem Yaakoub in 2023, is revolutionizing education and entrepreneurship. With blockchain-verified credentials, online training, and digital incubation for startups, Tkawen is setting new standards for innovation in Algeria and globally, empowering individuals and businesses to succeed in today’s digital economy.
Artificial intelligence (AI) is being used to reduce wastewater and redesign systems for water recycling, as discussed at the World Economic Forum in Davos. Experts highlighted how AI can help manage water resources more efficiently, reduce energy usage, and create sustainable solutions for the growing global water crisis.
Orange Jordan sponsored the first Jusoor Labs conference, enhancing educational experiences through virtual labs. Jusoor Labs, a BIG by Orange startup, launched a new mobile app and aims to expand its user base and market presence. Orange Jordan’s continuous support fosters innovation and community development.
Oman has signed an MoU with AONH Private Holdings to develop advanced AI semiconductor chips in Salalah Free Zone. This project aims to boost Oman’s presence in the semiconductor industry, support technological innovation, and provide training for local talent, aligning with Oman Vision 2040.
Huawei Cloud has launched its first African cloud region in Cairo, enhancing Egypt’s digital transformation. The initiative supports Vision 2030, offering cloud services, localized AI models, and creating job opportunities. A strategic partnership with Telecom Egypt underpins this development, positioning Egypt as a regional digital hub.
Mastercard has partnered with eNovate, a subsidiary of eFinance Investment Group, to introduce a Card-as-a-Service (CaaS) solution to Egypt. This collaboration provides banks, fintechs, and non-financial institutions with an efficient platform for launching digital payment products, supporting Egypt’s digital transformation and Vision 2030 goals.
Saudi Arabia is accelerating its shift toward data-driven decision-making with the $100 billion Project Transcendence. The Smart Data & AI Summit, set for May 2025, will connect over 500 professionals, showcasing the Kingdom’s growing leadership in data, AI, and digital innovation, and solidifying its place as a global powerhouse.
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.