American Medtronic to establish presence in Serbia

bne IntelliNews June 16, 2024

Medtech giant employs nearly 100,000 people globally and invests almost $3bn annually in research and development.

Russian cyberwar against Ukraine and the West

bne IntelliNews June 13, 2024

Since Russia's invasion of Ukraine in February 2022 its cyberattacks have stepped up, hitting targets in Ukraine, as well as its Western allies.

Turkish entrepreneurs' e-SIM developer Roamless raises $5mn in seed round led by UAE-based Shorooq

Akin Nazli in Belgrade June 13, 2024

Market for technology was born six years ago after Apple iPhone 11 move and is expanding rapidly, says CEO.

Czech e-commerce group Packeta buys Hungary’s leading parcel delivery service provider

Tamas Csonka in Budapest June 13, 2024

A consortium of financial investors, which also owns the Czech package carrier Packeta, has acquired sector peer Foxpost from its Hungarian owners.

Saudi Arabia inaugurates self-driving aerial taxi for Hajj pilgrims

bne Gulf bureau June 12, 2024

Saudi Arabia has launched a self-driving aerial taxi service for pilgrims during this year’s Hajj season

Central Asia’s first 3D-printed house built in Almaty

Kanat Shaku in Almaty June 12, 2024

Constructed to withstand major earthquakes. Walls printed in just five days. Boasts extra-strong concrete usually used for skyscrapers and bridges.

Poland's Szallas Group buys Romanian online tour operator LitoralulRomanesc

bne IntelliNews June 12, 2024

The deal will widen the offering of Romanian tour operator, which Szallas Group previously took over in 2020.

Hamster Kombat tapping into Iranians’ mobile screens

bne Tehran bureau June 10, 2024

A new type of foreign rodent has invaded Iran. This rodent, however, is not physical but virtual, causing alarm among authorities across the republic. It is now a common sight to see people tapping away frantically.

Saudi Arabia launches health robots in Medina for pilgrims

bne Gulf bureau June 9, 2024

Saudi Arabia’s Health Ministry in Medina has launched a new smart robot cohort in the central area around the Prophet Mohammad’s Mosque in the city.

Digital lender TBC Bank Uzbekistan celebrates milestone as Fitch initiates coverage

Mokhi Sultanova in Tashkent June 6, 2024

Fintech bank one of few companies on Uzbek market to achieve a credit rating of ‘BB-’, the same level as current sovereign rating.

Iranian Intelligence arrest alleged "Israeli spy blogger" for "." tweet

bne Tehran bureau June 6, 2024

Iranian authorities have arrested blogger and proofreader Hossein Shanbehzadeh, alleging that he is an Israeli spy in Ardabil Province, northwestern Iran.

Uzbekistan state agencies splash out 6.6bn som on smartphones in 2023 despite budget deficit

bne IntelliNews June 6, 2024

Following audit, treasury committee has advised a financial control unit investigate the situation.

Who consumes the most power to mine bitcoins?

bne IntelliNews June 6, 2024

As the global Climate Crisis gathers pace, Bitcoin miners are increasing their consumption of power, adding to the problems. The team at BestBrokers has calculated the average yearly power consumption for Bitcoin mining in each country.

Azerbaijan’s first generation of startups paves the way for technological lift-off

Adrien Henni in Baku June 6, 2024

Could Azerbaijan, whose economy remains highly dependent on oil and gas exports, become a regional technology hub one day?

Slovenia to build €100mn supercomputer and data centre in Maribor

bne IntelliNews June 5, 2024

Dravske elektrarne Maribor announces plans for €100mn supercomputer and data centre powered by renewable energy.

Controversial betting regulation set to be introduced in Kazakhstan attacking growing fintech industry

Adilbek Abdullov in Almaty June 5, 2024

Fear of ludomania is being stoked in Kazakhstan. Religious groups and the government are decrying that 80% of the market is illegal and offshore. New betting controls are being introduced and seek to tighten control over the industry.

Saudi STC Group reportedly eyes purchase of United Group

bne IntelliNews June 4, 2024

Potential deal could value United Group, owner of telecoms and pay-TV channels across Southeast Europe, at around €8bn.

Serbia's IT services exports reach €3.4bn in 2023

bne IntelliNews May 30, 2024

Serbia’s IT sector has been bolstered by the influx of Russian IT specialists since the start of the Russia-Ukraine war in February 2022.

CEO's resignation sparks dive in UiPath share price

Iulian Ernst in Bucharest May 30, 2024

Shares of Romania-born, NYSE-listed robotic process automation company UiPath tumbled by 30% in after-hours trading after CEO Rob Enslin stepped down.

Saudi Arabia creates Neo Space Group to launch satellites

bnm Gulf bureau May 28, 2024

Saudi Arabia's Public Investment Fund (PIF) has announced the creation of Neo Space Group as it angles to enter the commercial space race.