Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Pakistan and Algeria are exploring deeper investment cooperation in energy, mining and digital sectors, with a planned MoU between SIFC and Algeria’s investment agency. Talks also covered smart agriculture and digital governance, supporting Pakistan’s push for long-term foreign investment.
HUMAIN’s participation in the Series E round underscores Saudi Arabia’s increasing role as a capital partner in next-generation AI platforms and large-scale digital infrastructure development.
Trueledger Technologies is exploring a potential 20% strategic investment in Silverline Technologies to support its AI initiatives and expansion of the Silver AI platform, reflecting growing investor interest in AI-driven digital solutions and emerging technology ecosystems.
Oman is strengthening its role as a regional investment hub through regulatory reform, digital government services, and investor-friendly policies aligned with Vision 2040. Simplified company setup, low costs, and rising FDI reflect growing confidence in the Sultanate’s business environment.
Merak Capital has invested SAR203 million in Saudi cybersecurity firm DSShield to support expansion of operations, technology development, and managed services. The deal strengthens DSShield’s role in Saudi Arabia’s rapidly growing cybersecurity market and supports its pathway toward a future public listing.
Qatar and Brookfield have formed a $20 billion joint venture to develop AI infrastructure, including an Integrated Compute Center, strengthening Qatar’s digital ecosystem and advancing Vision 2030. Brookfield invests through its global AI fund, supporting Qatar’s goal of becoming a regional hub for advanced computing.
Beyout’s subsidiary Real Estate House has received KAPP’s approval for its technical proposal to redevelop Kuwait’s Al Muthanna Complex, advancing a 15-year plan covering renovation, management, and maintenance on 17,183 sqm of state-owned land in Qibla.
MENA startups across fintech, logistics, AI, and SaaS sectors raised significant capital recently, reflecting robust regional innovation. New funds and media partnerships bolster ecosystem growth, while Saudi Arabia hosts OpenAI models locally, enhancing AI access.
Jordan promotes access to a $50 trillion market at Singapore forum, emphasizing strategic location, growing industries, and strong trade agreements. The country advances economic modernization, green energy, and bilateral partnerships to boost investment and exports.
UAE-based VC fund EQIQ has invested $3 million in InstaBank, a new AI-powered digital bank in Iraq, as part of a $15 million funding round. Led by finance veteran Hussain Qaragholi, InstaBank aims to transform Iraq’s financial sector with scalable, inclusive fintech services and serve as a core pillar of EQIQ’s regional digital ecosystem strategy.