For the second year in a row, KPMG in Kuwait observed Cyber Month to promote a world that is secure online. As part of KPMG’s commitment to assisting communities, the company’s CSR committee oversaw the implementation of the initiative, which aims to increase young people’s understanding of the value of cybersecurity and the impending online hazards.

Money Fellows, an Egyptian fintech business, announced that it has received $31 million to extend its service offerings and grow across Africa and Asia. Led by Germany’s CommerzVentures, Middle East Venture Partners and Kuwait’s Arzan Venture Capital, this was the company’s fourth funding round since 2018.

Impulse, a venture capital company that brings technology and business solutions into the region and Software AG have announced a strategic partnership to launch Kuwait’s first IoT platform.

The two-day high-level international conference, which will be attended by more than 250 IT executives and specialists, is set to address key advances and pressing challenges in Kuwait’s digital transformation journey.

For new start-ups in 2022, the Middle East and North Africa (MENA) area is proving to be a popular option. In June 2022, startups in the MENA region collected an astounding $323.7 million across 66 deals where US investors were the most active foreign investors.