The Saudi biotech startups incubated by Badir Biotechnology Incubator, under the Badir Program, set up by King Abdul Aziz City for Science and Technology (KACST), has successfully raised close to $10.133 million in new funding last year.
Middle East and North Africa (MENA) IT spending is projected to reach $160 billion in 2019, a 1.8 percent increase from 2018, according to the latest forecast by Gartner.
Uber Technologies is in advanced discussions to buy its Dubai-based rival Careem Networks, according to a Bloomberg report.
Badir Program for Technology Incubators and Accelerators, one of the initiatives of KACST, has reported that its incubated technology startups raised nearly $29.32 million across 63 funding deals in 2018.
Seven in 10 organisations are likely to move more of their business functions to the cloud in the coming years, according to a study by Equinix.
Etihad Airways, the national airline of the UAE, has announced a strategic partnership with Microsoft to launch the first ever in-house AI Academy in the region.
Labiba for Artificial Intelligence announces formation of Labiba W.L.L and its venture acceleration partnership with Bahrain Fintech Bay.
Organisations today should address the “customer experience disconnect” as it could lose them business or even jeopardise their chances of survival in competitive markets.
Almost three in four Middle East organisations that have not yet moved their digital estates and IT environments to the cloud, plan to do so in 2019, a Microsoft survey has revealed.
Ponemon-Tenable study has revealed that 60 percent of organisations suffered two or more business-disrupting cyber events in the last 24 months.
Nestlé has adopted Workplace by Facebook as its global internal communication tool, to connect its workforce and better serve consumers.
Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Innovate Finance, an independent membership association that is at the heart of the UK’s FinTech ecosystem.
The Middle East and North Africa’s digital startup ecosystem is rapidly growing, with funding reaching $650 million from 270 deals in 2017.
Saudi Arabia’s Badir Business Accelerator Programme has announced that five technology companies have qualified for the programme’s third cohort.