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AI + Innovation (MENA) 
Infrastructure 
The nation’s talking heads zoomed in on the government’s first cloud computing and data storage center
The center is expected to help deliver “more accurate, continuous, and stable” digital services.
Cabinet greenlights freezone, tourist port for Ras El Hekma
Ras El Hekma for Urban Development will set up the free zone and tourist port
MNT-Halan featured twice on Global Finance’s list of most innovative fintech companies
MNT-Halan was the only one on the list to secure two awards for separate regions — the Mideast and Africa
Ten Egypt-based tech startups clinch awards from Value Makers Studio
Five of the startups landed a four-day trip to Saudi Arabia to meet local investors
Meet our founder of the week: Ascai & Co.
Ascai & Co. is a collective of enterprises that operate in entertainment, nightlife, food and beverages, and events.
Germany’s Smart Automobile teams up with Ezz El Arab Group for Egypt EV venture. PLUS: BPE Partners gears up for acquisitions, an oil freezone with the UAE in the works, eKhalas team up with Balad
The German EV maker wants to bring its electric vehicles to the local market in 3Q 2024
Local fintech startup Bokra raises USD 4.6 mn in pre-seed funding. PLUS: Waffarha closes seven figure seed round
The funds will help the startup launch its Bokra app
Local HR tech startup bluworks closes USD 1 mn pre-seed round
The startup plans to use the funds to develop its services and expand its team
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