News

Oracle Is Planning To Build Two New Cloud Regions In Morocco

The data centers will be situated in Casablanca and Settat, bringing the global tech company’s number of MENA facilities to eight.

Published

9 months ago

May 30, 2024

Nour Nasir

oracle is planning to build two new cloud regions in morocco

Oracle is planning to open two new data centers in Morocco, which are expected to boost one of North Africa’s fastest-growing IT ecosystems and add to the influx of investments in the MENA technology scene.

The facilities are to be built in the capital, Casablanca, and the southern city of Settat. They will support digital transformation in Morocco and across North Africa while bringing the number of Oracle’s global cloud regions to 72. The company will offer dedicated, public, hybrid, and multi-cloud services to both enterprises and start-ups, as well as universities and government agencies.

“As one of the largest economies in Africa […] Morocco offers unique growth opportunities for businesses that are aiming to accelerate their expansion by deploying the latest digital technologies,” explained Richard Smith, executive vice president for technology in Europe, the Middle East and Africa at Oracle.

The rate of adoption for cloud services in the Middle East continues to grow, driven by a technology-savvy young consumer base and a rapidly evolving digital landscape. The technology sector in Morocco is one of Africa’s fastest-growing and is now a vital component of its economy.

Also Read: Meet JAIS Chat: The AI-Powered Chatbot For Arabic Speakers

Overall, Morocco’s economy continued to strengthen last year, with real gross domestic growth expected to reach around 3.5% in the medium term.

“Oracle’s strategic investment marks a significant milestone in North Africa’s digital transformation journey,” noted Jyoti Lalchandani, regional managing director for the Middle East, Turkey, Africa, and India at market intelligence firm IDC.

Including the latest news about Morocco, Oracle’s MENA cloud regions have now increased to eight. In South Africa, the company has data centers in Johannesburg, and another is planned for Kenya. Meanwhile, the Middle East has centers in Abu Dhabi, Dubai, and Jeddah, with two additional facilities planned for the Saudi capital, Riyadh, and the high-tech city of Neom.

Related Topics:Cloud Computing Morocco Oracle

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Yabi Introduces AI Financial Coach For Smarter Money Moves

The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.

Published

9 hours ago

February 22, 2025

Nour Nasir

Yabi

Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.

Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.

Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.

Here are some of the updated app’s new features:

AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.

Also Read: A Guide To Digital Payment Methods In The Middle East

Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.

Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.