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Technology news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis


TruDoc’s new owner seeks to expand virtual health provider

Virtual healthcare provider TruDoc has been bought by a private equity company that aims to accelerate its growth across south Asia, the GCC and Africa. Pulsar Capital bought a minority stake in TruDoc last year and has increased its investment to take a controlling interest. TruDoc serves markets including the UAE, Saudi Arabia as well […]


Dubai bullish on metaverse as hype fades

The metaverse has been seen as the silver bullet that would revive businesses in Dubai and the wider Gulf region in the post-pandemic era.  The UAE is still bullish about its potential, but Mohammad AlBlooshi, CEO of the Dubai International Financial Centre (DIFC) Innovation Hub, told an event on Monday that enthusiasm for the nascent […]

Saudi Arabia STC Telefonica

STC buys 9.9% of Spain’s Telefonica for $2.25bn

Saudi telecoms conglomerate STC Group has acquired a 9.9 percent stake in Spain’s Telefonica for SAR8.5 billion ($2.25 billion) as part of its global expansion drive. The investment makes the Saudi listed company the top shareholder in the Spanish telecom major after Spanish bank BBVA’s 4.9 percent holding. The holding comprises 4.9 percent of Telefonica’s […]

The Middle East's digital economy stands at 4.1% of the region's entire economy Video length: 03:33

AI ‘can solve the problems’ for Middle East digital growth

The Middle East’s digital penetration stands at 4.1 percent of its overall economy – where “China was 15 years ago”, according to a strategist at Swiss bank UBS.  A recent technology report published by UBS highlights how the Middle East could be the next digital frontier, and why artificial intelligence could play a pivotal role. […]

Emirates NBD says its funding for SMEs is up 34% year on year

Emirates NBD invests in Swiss fintech

Emirates NBD, the largest bank by assets in Dubai, has invested in Komgo, a Swiss-based software development and technology company operating in the trade finance industry. The equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate venture pool. The value was not disclosed. Created earlier this year, the fund is for investments in […]

Workers at the Lucid Motors plant in Arizona. PIF is Lucid's main investor and the company is building its first factory outside the US in Jeddah

Saudi company invests in US battery maker Pure Lithium

Saudi Arabian investment company Energy Capital Group has announced a collaboration with US tech startup Pure Lithium to develop renewable batteries.  The batteries will use lithium extracted from oilfield brines, giving a further boost to Saudi Arabia’s plans to dominate in green industries.  Based in Riyadh, Energy Capital Group did not disclose how much it […]

Mohamed bin Zayed University of Artificial Intelligence is contributing to the supercomputer alongside G42 and Cerebra

UAE supercomputer powers up to fight global rivals

A supercomputer built in the US with UAE backers is set to challenge global industry artificial intelligence chip giants after its success powering a new advanced large language model (LLM). The 13 billion-parameter Arabic and English LLM, known as Jais, was unveiled on Wednesday. Local industry experts said it appears to be more efficient and […]

US AI chip restrictions Middle East

US curbs AI chip exports to some Middle East nations

The US has expanded the restriction of exports of sophisticated Nvidia and Advanced Micro Devices artificial intelligence (AI) chips beyond China to other regions including some countries in the Middle East. Nvidia said in a regulatory filing this week that the curbs, which affect its A100 and H100 chips designed to speed up machine-learning tasks, […]

Saudi Arabia Coursera

Saudi and Coursera to train 100,000 new tech workers

Saudi Arabia is teaming up with online learning platform Coursera to train 100,000 new technology workers across the kingdom. Its Ministry of Communications and Information Technology and the National eLearning Center have launched a ‘Fuel’ programme offering training on the platform in various tech-related skills. Aimed at job seekers, graduates and those looking to improve […]

Mohammed Alqasir and Abdullah Aljadhai, co-founders of Rewaa

Aramco’s VC unit leads tech startup’s $27m funding round

Technology startup Rewaa has raised SAR100 million ($26.6 million) in a Series A funding round led by Wa’ed Ventures, Saudi Aramco’s venture capital fund. Saudi Telecom Company’s Corporate Innovation Fund (CIF), launched in February to invest in early-stage tech companies across various digital sectors, also participated in the round. Other investors included Silicon Valley’s Graphene Ventures, […]

Beyond One Virgin Mobile Latin America

Dubai tech company buys Virgin Mobile Latin America

A Dubai technology investment company has bought Virgin Mobile Latin America, a mobile virtual network operator with operations in Mexico and Colombia. The acquisition by Beyond One follows its buyout in February of Virgin Mobile Middle East and Africa, which serves Saudi Arabia, the UAE, Oman and Kuwait.   A mobile virtual network operator is a provider […]

Dubai space

Space tech company launches Dubai HQ and listings plan

A US space tech company is setting up a regional headquarters in Dubai. Orion Applied Sciences and Technology (OrionAST), a global provider of high-resolution satellite data, is establishing a base in Dubai Silicon Oasis and intends to list its shares on Dubai Financial Market. The company has also launched a subsidiary, Open Skies Industries, to […]

Saudi astronaut and Axiom Mission-2 Mission Specialist Rayyanah Barnawi enters the International Space Station

Saudi investor leads $350m funding for US space company

An investment firm from Saudi Arabia has led a $350 million funding round for Axiom Space, three months after the US company took the kingdom’s first astronauts to the International Space Station. Axiom Space said the Series-C funding round was led by Saudi Arabia’s Aljazira Capital and South Korean healthcare firm Boryung, taking its total […]

Genomics UAE Saudi

US biotech manufacturer seeks Gulf genomics partners

US biotech company ProPhase Labs is in talks with prospective partners in the UAE and Saudi Arabia. ProPhase Labs, which is listed on Nasdaq, has appointed two advisers: investment bank ThinkEquity and Al Ramz Corporation, a capital markets financial institution in Abu Dhabi. Discussions with potential partners in Dubai, Abu Dhabi and Saudi Arabia are […]

Saudi robotics

Saudi Arabia launches $200m fund to invest in tech firms

Saudi Arabia has launched a $200 million (SAR750 million) fund to invest in local and global high-tech companies as part of plans to diversify and create more high-quality technical jobs. The funding is part of the strategy that Crown Prince Mohammed bin Salman unveiled for the King Abdullah University of Science and Technology, state-owned SPA […]

Qualcomm’s bid for Israel’s Autotalks needs EU nod

US chipmaker Qualcomm will have to seek European Union (EU) antitrust approval for its planned takeover of Israeli auto-chip maker Autotalks even though the deal is below the EU’s turnover threshold, EU regulators said. The European Commission cited the importance of the deal to original equipment manufacturers and others who need access to vehicle-to-everything (V2X) […]

AI chips

Race is on for AI chips as nations seek tech supremacy

The Gulf states are expected to invest heavily in powerful semiconductor chips in the years ahead in order to drive artificial intelligence forward. AI technology is critical to developing global influence, and the high-performance chips – known as graphics processing units (GPUs) – process vast amounts of data much faster than traditional computer components. The […]

Careem Uber

Careem could yet be hailed a smart buy for Uber

The hefty premium Uber paid for Dubai ride-hailing rival Careem will prove worth it in the long run, analysts believe. Uber, which has racked up nearly $33 billion in losses since its inception in 2009, paid $3.1 billion for Careem in January 2020 in what remains the largest deal for a homegrown Gulf tech startup. […]

Israel’s Vesttoo startup seeks US bankruptcy protection

Vesttoo is seeking Chapter 11 bankruptcy protection in a US court which will enable it to pursue legal action against those responsible for a fake collateral scandal, the Israeli fintech said in a statement. Vesttoo – partly backed by Banco Santander’s fintech venture capital arm Mouro Capital – has laid off staff, closed offices and […]

Symbol, Logo, Trademark

Iraqi telecom ministry to lift Telegram messaging app ban

Iraq’s telecoms ministry said it will lift a ban on the Telegram messaging app on Sunday, which was imposed earlier this week, citing security concerns and data leaks of official state institutions and citizens. The app is widely used in Iraq for messaging but also as a source of news and for sharing content. Some […]