Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
stc confirmed a SAR2.7 billion fourth-quarter dividend despite a 40 percent annual profit decline, maintaining its three-year payout commitment and signalling confidence in underlying cash flow strength.
Saudi Arabia’s latest Opensignal reports confirm the Kingdom’s global leadership in mobile download speed while showcasing strong competition among stc, Mobily, Zain, and Salam. Fiber expansion and consistent quality improvements continue to strengthen both mobile and fixed broadband performance nationwide.
Red Sea Global has unveiled ADRENA, a sustainable adventure and entertainment district featuring more than 20 attractions, including Saudi Arabia’s largest saltwater surf pool. The project combines advanced aquatic engineering with closed-loop water systems to support regenerative tourism and expand the Kingdom’s leisure and tourism offerings.
Saudi cybersecurity startup Solidrange has raised $2.4 million in seed funding to expand its AI-powered governance, risk, and compliance solutions and cybersecurity awareness platforms. The investment will support regional growth and product development as demand rises for locally built, regulation-ready cybersecurity technologies.
Ericsson and specialized by stc have partnered to develop mission-critical communication solutions in Saudi Arabia, combining secure network technologies, AI-driven analytics, and IoT integration to enhance emergency response capabilities and support the Kingdom’s public safety and digital transformation goals.
Saudi Venture Capital has launched Aian, an AI-powered intelligence platform designed to enhance transparency, data integrity, and decision-making across Saudi Arabia’s private capital ecosystem. By transforming institutional data into structured market insights, the platform aims to improve capital allocation efficiency and strengthen the Kingdom’s position as a regional investment hub under Vision 2030.
Saudi Arabia is reshaping Vision 2030 to prioritize technology, digital infrastructure, and advanced industries, shifting investment away from large construction projects toward innovation-driven sectors. The strategy focuses on sustainable economic diversification, workforce development, and strengthening the Kingdom’s position as a regional hub for technology and emerging industries.
Aramco and Microsoft have signed an agreement to advance industrial AI adoption across energy operations, focusing on operational efficiency, digital sovereignty, and workforce development. The partnership aims to integrate AI into core industrial systems while supporting Saudi Arabia’s broader digital transformation and technology innovation goals.
Tally Solutions has expanded its Saudi partner network to support SME digital transformation, combining software solutions with local accounting and advisory expertise. The initiative aims to improve financial compliance, operational efficiency, and digital adoption among SMEs while aligning with Saudi Arabia’s Vision 2030 economic diversification and technology adoption goals.
Luma AI’s expansion into Riyadh strengthens Saudi Arabia’s position as a regional hub for AI innovation, supporting the development of Arabic-native generative AI systems and advancing partnerships across technology and creative industries. The initiative highlights growing investment in AI infrastructure, talent development, and regionally relevant AI applications across MENA.