Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Telda has expanded its digital financial platform to include direct investment in the Egyptian Exchange and investment funds. The service is commission-free, requires only a national ID for account setup, and is fully integrated with the Telda card for instant access to funds. This move aims to simplify financial market access for millions of Egyptians by connecting investment activity with day-to-day spending.
Syria is seeking a $1 billion international investment for a third mobile license to replace the outgoing MTN Group and modernize its fragmented network. However, the bid faces significant challenges, including a $200 billion reconstruction gap and a regulatory environment where the state retains the power to disrupt services for political and military objectives.
A prominent regional beverage leader has received regulatory clearance to raise Tk 5 billion via a zero-coupon bond issuance. Targeted at institutional investors, the unsecured debt instrument offers a cost-effective financing route for the company’s expansion plans, providing a flexible alternative to traditional bank loans amidst a shifting financial landscape.
A significant $4.75 billion deal has been announced for the sale of a liquid cooling technology firm to a global water management leader. The transaction marks a successful exit for an Abu Dhabi investment group, highlighting the increasing financial and environmental value of sustainable data center infrastructure in the age of artificial intelligence.
Qatar’s Sheikh Hamad bin Jassim invests in Neura Robotics as part of a $1.2B round, signaling rising Middle East interest in AI-driven robotics.f
Saudi Arabia’s EGDC acquires a 5% stake in Capcom, increasing the Kingdom’s presence in global gaming as part of a broader investment strategy in digital entertainment.
Presight launches first six AI investments under $100M fund, targeting infrastructure, enterprise AI, and edge systems. The initiative strengthens applied AI deployment across regulated industries globally, positioning the UAE as a key hub for scalable, real-world AI innovation.
Wider Consulting is deploying $14.3 million to launch 50 startups in Egypt and Saudi Arabia by 2026, focusing on sector-specific tech solutions and long-term stock market listings for its portfolio companies.
Alibaba and the Jack Ma Foundation launch a $1.5 million Africa’s Business Heroes grant programme to support startups across sectors including fintech, health, agriculture and emerging technologies.
Startups across the MENA region secure new funding to scale innovations in semiconductors, AI infrastructure, mobility platforms, healthtech training and digital real estate services.