Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Leading UAE telecom company e& reported a 6% increase in H1 2024 revenue, reaching AED28.3 billion ($7.7 billion), and a 17% rise in net profit to AED5.5 billion ($1.5 billion). The strong performance was driven by innovation and digital transformation, with the subscriber base growing to 175 million.
Synapse Analytics secured $2 million in funding to expand its AI technologies across the GCC and Africa. The investment, led by Silicon Badia and Hub 71, will enhance financial inclusion and decision-making for financial institutions. Synapse’s AI solutions include credit scoring, dynamic pricing, and eKYC, positioning it as a key player in digital finance transformation.
United Arab Emirates: The Telecommunications and Digital Government Regulatory Authority (TDRA) has launched the Knowledge Hub program designed to train employees…
The FAO launched the Digital Agriculture Consortium (DAC) in Islamabad, aiming to transform Pakistan’s agriculture through digital means. The event showcased advanced technologies and discussed strategies to enhance productivity and efficiency. The DAC will integrate key stakeholders to drive the digital transformation of agriculture, fostering collaboration and sustainable development across Pakistan.
Cartona, a B2B platform digitizing Egypt’s traditional trade market, raised $8.1 million in a Series A extension. The funds will accelerate growth, expand market share, and support regional expansion. The company’s asset-light model and strong unit economics have driven substantial growth, now serving over 188,000 retailers across 17 Egyptian cities.
The Dubai Chamber of Digital Economy supported 215 digital startups worth $7 billion in H1 2024, achieving 212% YoY growth. They trained 243 Emiratis under the ‘Create Apps in Dubai’ initiative and organized 12 international roadshows. The chamber signed four MoUs to enhance Dubai’s digital business ecosystem and promote industry growth.
Savic has facilitated Gulftainer’s migration from SAP S/4HANA 2020 on Azure to RISE with SAP S/4HANA on Azure, enhancing operational capabilities. This project underscores Savic’s expertise in digital transformation, optimizing core operations, and setting new industry standards, ensuring Gulftainer’s agility, improved customer service, and better decision-making in a dynamic market.
Salam, a leading Saudi telecom provider, has partnered with Oracle in a managed services agreement to boost its digital transformation. Oracle will support Salam in improving operational efficiencies and customer experience, aligning with Saudi Arabia’s Vision 2030. The collaboration includes implementing Oracle’s cloud solutions and enhancing 5G capabilities.
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.
Algeria’s government is launching a five-year digital transformation strategy aimed at shifting from paper-based to digital management, enhancing transparency, and boosting economic performance. The plan includes a new digitization law and strengthened cybersecurity measures, positioning Algeria to overcome bureaucratic hurdles and accelerate ICT development by 2029.