Tech
Digital brokerage firm Midas raises $80mn via largest fintech funding round in Turkey
Midas has raised an $80mn in a Series B funding round, which marked the largest investment round executed by a fintech company in Turkey, the digital brokerage platform said on August 19.
T-Technologies posts 83% jump in revenue and near-doubling of net profit for Q2 2025
T-Technologies, formerly Tinkoff Bank and now the Russian technology group developing a financial and lifestyle ecosystem, reported a sharp increase in revenue and profits for the second quarter and first half of 2025.
Moldova announces €200mn EU-backed high-tech park near Chisinau
Government representatives said the project reflects Moldova’s ambitions to position itself as a regional hub for innovation and digital industries.
Colombia's WOM secures approval for $800mn restructuring
Agreement secured approval from nearly 86% of creditors with voting rights, enabling the company to avoid potential liquidation.
Indonesia’s innovative Payment ID raises privacy concerns
Bank Indonesia has introduced a new identity for the national payment system, marking a shift towards a more unified, secure, and innovative financial ecosystem
Telekom Srbija to issue new round of bonds
State-controlled telco plans to issue up to €1.2bn in corporate bonds over the course of 2025 and 2026.
The Caucasus and Central Asia are well wired – survey
Kazakhstan is the leader in “meaningful connectivity.”
Kyivstar to become first Ukrainian company listed on US stock exchange
Ukraine’s largest mobile operator, Kyivstar, is set to become the first Ukrainian company to list on a US stock exchange, with plans to debut on the Nasdaq later this year. The company could raise between $50mn and $200mn through the listing.
Kazakhstan to shift all state comms with personal data to domestic app Aitu
President says exchanging information such as personal IDs and health details on international messaging services could breach data protection law.
Saudi competition authority warns of artificial intelligence impact on pricing and fair competition
Saudi competition authority warns AI could facilitate anti-competitive practices including collusion and personalised pricing, working with SDAIA to embed fair competition principles in AI legislation.
Central Asia becomes launchpad for Freedom’s digital banking expansion
Group is bringing Kazakhstan's sophisticated banking technology to the wider region starting with Tajikistan and Georgia.
Romanian retailers warn of €2.1bn annual tax loss from non-EU online platforms
Study projects around 78mn low-value parcels will be shipped into Romania from companies like Shein and Temu in 2025.
Uzbek digital doyen Uzum secures $70mn equity financing led by Ten Cent and VR Capital, hits $1.5bn valuation
Company to accelerate development of proprietary fintech, broaden product suite.
Russia rolls out AI to track street vendors St Petersburg
St Petersburg deploys AI to catch illegal street vendors with $600 fines. Mobile systems on patrol cars automatically detect unauthorised trading posts, with neural networks monitoring compliance.
Saudi delivery robots reduce time by 50% at Roshn Front
New robots operate using advanced technologies with 20 sensors and six cameras to ensure safe and accurate navigation, equipped with GPS technology and cooling systems designed for Saudi Arabia's climate conditions.
Phu Tho emerges as northern Vietnam’s new high-tech manufacturing hub
One notable project is the UTI high-tech factory, which broke ground in May. Covering four hectares, the facility focuses on the production of electronic components and represents an investment of approximately $20mn.
Uzbekistan’s first women-focused tech accelerator debuts with Pitch & Rise event
Startup training, mentorship and networking to help turn early-stage ideas into viable, investor-ready ventures.
Vietnam positioned to become key player in global semiconductor supply chain
Vietnam is poised to become a pivotal link in the global semiconductor industry, according to Deputy Prime Minister Nguyễn Chí Dũng.
India boosts domestic chip design
India has approved financial support for 23 semiconductor design projects under its Design Linked Incentive (DLI) Scheme, aimed at strengthening the domestic chip ecosystem.
Japan targets tech giants with new app market regulations
Japan’s Fair Trade Commission has released new guidelines under a law designed to address monopolistic practices in the smartphone app sector, primarily targeting Apple and Google.