Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Saudi AI startup Infobrim has raised angel funding at a $3.5 million valuation to expand its AI-powered business intelligence platform, supporting enterprise analytics and digital transformation initiatives aligned with Saudi Arabia’s Vision 2030.
Saudi Arabia’s Ministry of Human Resources and Social Development has completed three digital transformation projects with Sumerge, including a social services platform, disability support improvements, and internal efficiency initiatives aligned with Vision 2030.
Saudi IT services firm solutions was downgraded by United Securities due to regional geopolitical risks, with revised forecasts for 2026 revenue and profit. Despite the downgrade, analysts still see potential upside as the company maintains strong market share and expands recurring service contracts.
stc group launches phase two of its New Calling initiative, enabling real-time Arabic–English translation during voice calls through AI-powered network technology.
Scopely will acquire a majority stake in Turkey’s Loom Games in a milestone-based deal worth up to $1bn. Backed by Saudi Arabia’s PIF, the move expands the kingdom’s gaming strategy and strengthens its presence in global mobile game development.
Saudi Arabia is reportedly seeking to route the East to Med Data Corridor through Syria instead of Israel, reflecting shifting regional alignments and growing focus on alternative connectivity corridors linking the Gulf to Europe.
Saudi Arabia is reportedly considering routing the East to Med Data Corridor through Syria instead of Israel, reflecting shifting regional dynamics and growing focus on digital infrastructure linking the Gulf to Europe.
Microsoft will launch its Saudi Arabia East Azure data centre region in Q4 2026, enabling local cloud and AI workloads with low latency and data residency while supporting Vision 2030 goals to build secure digital infrastructure and accelerate the Kingdom’s AI-driven economy.
Zain KSA reported SAR 604 million in net profit for 2025, with revenues rising nearly 6% year-on-year and dividends proposed at SAR 0.50 per share, reflecting steady financial performance amid ongoing growth in Saudi Arabia’s telecom sector.
KAUST spinouts have raised over $1bn, marking Saudi Arabia’s emergence as a serious deep-tech hub. The university is now courting global VCs, corporates, and accelerators to expand its funding base, accelerate clean-tech and critical-minerals innovation, and de-risk early-stage research under Vision 2030’s diversification drive.