80% of private equity houses in the region that PwC surveyed said that digitisation is critical for making their companies ‘future ready.’
Hardware, News
Samsung to spend $7 billion on memory chip production
Samsung Electronics is reportedly planning to build a new memory chip production line in China in late March. 0 1700
UN launches regional technology innovation lab in Egypt
The Lab is designed with the intent to train, host and implement technology innovations to help Egypt progress towards achieving its Sustainable Development Strategy and to help address global challenges.
Saudi green card system under study as part of Vision 2030 push
In order to meet the eligibility criteria, applicants must possess scientific skills or professional qualities that are not abundantly available in the Kingdom, or they should be company owners who can invest in the country.
Abraaj Group acquires stake in Tunisie Telecom
Abraaj Group, a private equity firm, has bought a stake in Tunisia’s Société Nationale des Télécommunications (Tunisie Telecom) from Dubai …
DED-Ajman rolls out new service to automate trade licence renewals
The Department of Economic Development – Ajman has launched a new service that allows investors to automatically renew trade licences via SMS.
Bahrain’s EDB inks agreement with US-based fintech firm Almas
EDB and Almas will seek to cooperate in the field of fintech innovation, ensuring the Kingdom remains one of the region’s leading fintech hubs.
SoftBank Group to invest around $25 billion in Saudi Arabia
Japan-based SoftBank Group aims to invest approximately $25 billion in Saudi Arabia over the coming three to four years, as …
Bill Gates pledges $80 million to Arizona Smart City project
One of Microsoft founder and former CEO Bill Gates’ conglomerates has reportedly invested $80 million on a Smart City project in a 25,000 acres of land west of Phoenix, Arizona.
Apple’s shares soar as iPhone X hits stores
Apple shares have hit record highs after the company reportedly posted ‘better-than-expected’ quarterly results and its highly anticipated iPhone X hit shelves.
Gregg Petersen on the importance of IT transformation
Veeam regional director for Middle East and SAARC Gregg Petersen discusses how the boards of directors are becoming increasingly aware of the pertinent role that IT plays in bringing business value and driving revenues within the organisations.