Beeah Digital, Beeah Group’s digital transformation and future technology business, and Khazna Data Centers (“Khazna”), wholesale data centre providers in the MENA Region, have formed a joint venture that will bring to Sharjah its first Tier 3 data centre. The newly established data centre will enable business transformation, economic growth, and a technologically secure future along […]
Adsero – Ragy Soliman & Partners assisted Telecom Egypt in signing the commercial agreement with Orange Egypt for national roaming services. The latest deal comes in light of Orange Egypt landing the tender for national roaming services that Telecom Egypt issued to all mobile network operators due to the impending expiration of the current agreement. The new agreement provides […]
Asafo & Co. advised Disty Technologies on its IPO, the first ever, on the Alternative Market of the Casablanca Stock Exchange. Disty Technologies, Moroccan importer and distributor of IT equipment and solutions, has successfully listed its shares on the Casablanca Stock Exchange. The IPO, valued at close to 172 million Dirhams (USD16.8 million). The offering […]
Deal & transactions
TMT
United Arab Emirates
AIQ and MBZUAI collaborate to energize research into AI technologies
AIQ, a joint venture between ADNOC and G42, and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have signed a memorandum of understanding (MoU) related to joint research into AI related technologies with an emphasis on solutions for the energy sector. AIQ and MBZUAI will collaborate on a wide range of advanced technologies as well as […]
e& enterprise, part of e& (formerly known as Etisalat Group), and Hub71, Abu Dhabi’s global tech ecosystem, have entered into a definitive agreement to launch the region’s first AI Centre of Excellence (AI CoE). Located at Hub71, the AI CoE will enable companies and start-ups to develop, deploy and scale cutting-edge applications implementing enterprise […]
Deal & transactions
TMT
Transport
United Arab Emirates
Careem expands services with the acquisition of UAE company Munch:On
Ride-hailing company Careem has acquired UAE subscription-based food delivery company Munch:On as it expands food offerings on its multi-services platform. Following the acquisition, Munch:On will stop daily operations and its services will be rebuilt into the Careem app. Founded in 2016 Munch: On connects customers – across 20,000 companies – to meals at a discount by tapping […]
Shalakany has successfully negotiated and closed off a settlement deal, on behalf of its Kazakhstani foreign investor client, with the opposing party in relation to the client’s investment in the Egyptian FinTech sector. Shalakany spearheaded the negotiations with the opposing party, which began at the end of March 2022. By June 2022, a commercially acceptable settlement deal […]
Deal & transactions
Egypt
Saudi Arabia
TMT
Egypt’s Benya enters into a cooperation agreement With Saudi’s Alfanar
Benya Group, the digital solutions and ICT infrastructure provider in Egypt and MEA region signed a cooperation agreement with alfanar company, specialists in the electrical and construction industries in the Middle East and Asia, to establish a USD 200 million tech-focused joint venture in Saudi Arabia that will focus on data centers, smart cities, and cybersecurity. […]
Banking & Finance
TMT
United Arab Emirates
PwC Middle East invests in AWS Premier Consulting Partners Zero&One
PwC Middle East enters into a strategic investment in Zero&One, Amazon Web Services (AWS) Premier Consulting Partners in the region. Zero&One supports clients’ growth through delivering AWS services including cloud adoption, AI and machine learning, data and analytics and more. This strategic investment brings together PwC’s expertise in digital consulting and Zero&One’s deep competencies, thus empowering […]
All for One Group, the consulting and IT Group based in Germany, has completed the acquisition of customer experience (CX) experts POET along with a majority stake in the development company POET Egypt, Alexandria, effective 1 May 2022. The successful acquisition will allow All for One Group to take a large step forward in expanding its customer expertise portfolio. […]
