Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Rashit Makhat, Director of Scalo Technologies, outlines six essential strategies for startups in the UAE and MENA region to scale successfully and achieve global recognition. Focusing on deep market understanding, niche differentiation, strong teams, agility, technology investment, and adaptability will help startups thrive in a competitive, dynamic landscape.
Deliveroo achieved its first annual profit, posting £2.9 million after tax for the year. Despite exiting markets like Hong Kong and Spain, the company saw a two percent increase in revenue and orders. Moving forward, Deliveroo plans to expand grocery and retail offerings, while supporting restaurant partners’ growth.
The UAE’s fintech sector contributes 8.7% to the country’s GDP, with plans to increase this to 12% by 2031. The country is also focusing on the space economy and agricultural innovation, driving growth in new sectors. Additionally, 200,000 new business licenses were issued in 2024, boosting economic activity.
Ooredoo has signed 10 memoranda of cooperation with 40 Omani SMEs to support their growth and sustainability. The partnership includes offering communication packages, training programs, and telecommunication services to improve business efficiency and provide additional revenue opportunities through reselling Ooredoo services.