Author: Mahdeehassan
Ericsson (NASDAQ: ERIC) today announces changes to its Executive Team and to its global operating structure. Ericsson has decided to consolidate its regional structure, organizing the market areas in a more efficient way. Ericsson today also announces that Per Narvinger, who has headed Cloud Software and Services since 2022, has been appointed Executive Vice President and to head up Ericsson’s Business Area Networks. Per Narvinger has been with Ericsson since 1997 in a range of global roles, joining the Executive Team in 2022. Jenny Lindqvist, who currently runs Ericsson’s Europe and Latin America business, will replace Per Narvinger as Head…
Cleveland Clinic Abu Dhabi, part of the M42 group, has recorded a 35% increase in international patient volume in 2024, cementing its position as a global destination for world-class care. Over the past twelve months, the hospital saw more than 10,000 international patients encounters, demonstrating its leadership in advanced and specialized care powered by cutting-edge technology and multidisciplinary expertise. Renowned for its excellence in complex care, Cleveland Clinic Abu Dhabi saw increased interest in its advanced services, mainly in the aeras of cardiology, ophthalmology, neurology and urology, with Kuwait, Saudi Arabia, Pakistan, Bahrain and USA being the top five countries…
Today, CNTXT AI launches TestAI, the GCC’s first AI validation platform, ensuring AI-powered voice interactions are accurate, functional and deployment-ready . AI-powered agents are transforming industries, automating customer interactions, streamlining operations and enhancing efficiency. However, many are deployed without proper validation, leading to errors and loss of trust. With the voice AI agent market set to grow from $11.2 billion in 2025 to $45 billion by 2032, organizations cannot afford to deploy AI without being fully prepared and user-ready. “AI models are being deployed without standardized oversight. Without rigorous testing, businesses expose themselves to financial and reputational risks” said Mohammad…
RasMal, the first cap table management and investment governance platform in the MENA region, closes its Pre-Series A investment round led by Syndicate Element Holding Group (SHG), a leading investment firm, with a total value of $4.8 million (18 million SAR) during LEAP 2025 in Riyadh. This investment aims to introduce new tools and services to streamline fundraising processes and equity transfers, aligning with Saudi Vision 2030 to build a technology-driven financial ecosystem. RasMal is a Saudi fintech company that provides digital solutions to help private companies automate cap table management, fundraising, and equity transfers, while also supporting investors and…
GO Sport Opens its First Store in Ramallah, Palestine. GO Sport is thrilled to announce the opening of its first store in Palestine, located in Ramallah — marking a significant step in the brand’s expansion across the Middle East. Globally recognized for their high-performance, multi-branded sporting goods, this store not only reinforces GO Sport’s commitment to delivering high-quality sports and lifestyle products but also represents a meaningful investment in the Palestinian market, fostering local development and empowering the community. The new Ramallah store offers an exceptional selection of sportswear, footwear, and equipment, catering to fitness enthusiasts, outdoor adventurers, and team…
Dubai, UAE –– CNTXT and Oracle continue to advance their strategic collaboration, reinforcing their shared vision for AI innovation and enterprise transformation. Their collaboration, which was highlighted during Oracle Cloud World Tour, is focused on helping businesses and government entities accelerate AI adoption with secure, scalable solutions. During Oracle Cloud World, Mohammad Abu Sheikh, Founder and CEO of CNTXT, and Cherian Varghese, Senior Vice President of Cloud Infrastructure, AI for EMEA at Oracle, engaged in an in-depth discussion on AI readiness, data security, and the evolving AI landscape. Their conversation underscored the growing role of AI in enterprise operations and…
Tunisian fintech startup EasyBank has announced securing an investment of 1.2 million Tunisian dinars ($370,000). This investment will support the company’s plans for global expansion, including the Middle East, North Africa, and France. EasyBank states that its mission is to make financial services accessible to everyone by simplifying banking products through innovative and comprehensive digital solutions that facilitate access to loans and various banking services. By leveraging advanced artificial intelligence, the company provides personalised advisory services and streamlines processes based on eligibility criteria and access to loans. Founded in 2023 by a group of entrepreneurs and fintech experts, EasyBank is…
Flowwow, a UAE-based gifting marketplace, and Admitad, a partner marketing platform, have released their joint 2024 report on the e-commerce and gifting markets in the Middle East. The market, valued at $1.8 billion, saw significant online orders growth in 2024, with 7% increases in the United Arab Emirates and 9% in Saudi Arabia, solidifying their positions as the region’s industry leaders. The analysis of over 6.8 million online orders across MENA (including Turkey and Pakistan) in 2024 reveals Saudi Arabia, the UAE, and Kuwait as top contributors by gross merchandise value (GMV) of online sales. The strong performance of Saudi Arabia…
Saudi Arabia’s MSME finance ecosystem at the heart of economic diversification and financial inclusion efforts Saudi Arabia, February 2025: The pivotal role of Saudi Arabia’s finance ecosystem for micro, small, and medium-sized enterprises (MSMEs) in advancing the Kingdom’s economic diversification and financial inclusion objectives is explored in a new report released by Oxford Business Group (OBG), in collaboration with the Kafalah programme. Titled, “MSME Empowerment in Saudi Arabia,” the report examines the country’s strategic efforts to drive the growth of MSMEs by improving access to finance and fostering entrepreneurship. It highlights how the Kingdom is leveraging tailored financial solutions to…
Abu Dhabi, February 4, 2025 – Smpl Fund I, a $10 million venture capital fund launched by Smpl Holdings, has announced a strategic investment of $250,000 in multiple AI and technology companies within the Qora71 portfolio. Smpl Fund I, which focuses on supporting AI and tech startups across the MENA region and beyond, provides seed capital alongside hands-on strategic support to accelerate the growth of innovative companies. Qora71, a venture investor syndicate and a member of the Hub71 Angel Program, offers accredited investors the opportunity to invest on a deal-by-deal basis, without minimum commitments or fees. The syndicate’s portfolio includes…