PIF Prepares for SITE’s IPO Next Year
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has appointed Riyad Capital and Morgan Stanley as financial advisers for the planned initial public offering (IPO) of its technology […]
Digital Transformation
Sam Altman Receives His First Honorary Doctorate from Mohamed bin Zayed University for Artificial Intelligence
Abu Dhabi, UAE – In a landmark moment for the UAE’s leadership in artificial intelligence, the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has awarded its first-ever honorary doctorate
Central Bank Gives the Green Light to Three Fintech Companies
The Saudi Central Bank (SAMA) has officially granted licenses to three fintech companies in the financing sector, reinforcing its commitment to driving innovation and building a competitive digital financial ecosystem
Moroccan Super App DONE secures $2.1M Seed round
Moroccan startup DONE has successfully closed a $2.1 million Seed round, marking a pivotal milestone in Morocco’s digital transformation journey. The round, which follows a $600,000 founders’ round, was backed
EdVentures ushers in the AI era of learning with LRNOVA
Cairo, Egypt – EdVentures, the corporate venture capital arm of Nahdet Misr Group and the region’s leading EdTech-focused CVC, has announced a strategic investment in LRNOVA, an innovative startup leveraging
Duaya Acquires EXMGO to Accelerate Digital Transformation in Egypt’s Pharmacy Sector
Duaya, a leader in digital transformation for the healthcare sector, has announced the acquisition of EXMGO, a SaaS solutions provider for pharmacies and medical companies, in a six-figure deal (value
Yalla Group Secures Middle East Technology Excellence Award 2025
Yalla Group proudly announced that it has been honored with the Middle East Technology Excellence Award 2025, securing the top recognition in the category of AudioTech Media & Entertainment for
HALA closes $157M Series B funding round
Saudi Arabia-based HALA, a leading fintech company specialising in embedded financial services for micro, small, and medium enterprises (MSMEs), has successfully raised $157 million in a Series B funding round,
UAE Leads AI Delegation to the US
The Artificial Intelligence, Digital Economy and Remote Work Applications Office, in collaboration with the Dubai Centre for Artificial Intelligence, is organising a landmark visit for 50 Chief AI Officers from
Drahim to Launch Business Platform at Money20/20 to Expand Investment Solutions
Drahim has announced its plans to launch the “Drahim Business Platform” at Money20/20, marking a strategic expansion of its financial and investment solutions to serve companies of all sizes. The
Holo Secures $22 Million Led by Impact46 and Mubadala to Accelerate Regional Expansion
Dubai, UAE – Holo, a UAE-based fintech platform reinventing the home-buying experience, has announced that it has raised $22 million in a Series A round, marking one of the largest
Dubai Centre for Artificial Intelligence Opens Second Cycle of “Future of AI in Government Services” Accelerator Program
The Dubai Centre for Artificial Intelligence (DCAI), in collaboration with Dubai Future Accelerators under the Dubai Future Foundation, has opened applications for the second cycle of the “The Future of
Real Estate Tech Accelerator Launched by the National Technology Development Program
As part of a strategic initiative to foster innovation in the real estate sector, the National Information Technology Development Program has announced the launch of a PropTech Accelerator titled “Future
Iraq Launches First Digital Bank Led by EQIQ with Over 100 Billion Dinar Funding
The first digital bank in Iraq is being established with a capital of 100 billion Iraqi dinars, to be subscribed over five years at a rate of 20 billion dinars
Lucidya Raises USD30 Million in Largest AI Funding Round in MENA
Riyadh, KSA – Lucidya, the leading AI-powered Customer Experience Management (CXM) platform in the MENA region, has announced the successful close of its USD30 million Series B funding round, marking
Design Platform Figma Files for IPO
Cloud-based design software company Figma filed paperwork with the U.S. Securities and Exchange Commission (SEC) on Tuesday to go public, aiming to list on the New York Stock Exchange under
216 Capital invests in Talenteo to accelerate digital HR transformation across Africa
Capital has announced a new strategic investment in Talenteo, an Algerian-founded RH Tech startup offering a comprehensive SaaS solution for HR and payroll management, tailored specifically to the needs of
team.blue Expands Its E-commerce Presence Through Strategic Acquisition of Ticimax
team.blue has announced the strategic acquisition of a majority stake in Ticimax, a leading e-commerce platform known for its comprehensive, multi-channel product and order management solutions.This move significantly strengthens team.blue’s
G42 Launches European AI Hub from London to Drive Regional Infrastructure Transformation
ABU DHABI, UAE – June 13, 2025 – G42, the leading UAE-based group in artificial intelligence and advanced technology, has officially launched G42 Europe & UK, its new European subsidiary
Launching Estate Platform to Accelerate Real Estate Digitization in Saudi Arabia
Saudi-based digital transformation company Code Link has officially launched its new PropTech platform “Estate” — a property technology solution built specifically for real estate developers. The platform debuted during the
MDP Secures Strategic Investment to Scale Financial Solutions Across MEA
MDP, a leading payments technology infrastructure provider headquartered in Egypt, has announced a strategic investment led by Lorax Capital Partners (LCP), with participation from a consortium of global development financial
Riyadh Valley Company Invests in MEVP Fund IV to Boost Saudi Knowledge Economy
Riyadh Valley Company, the investment arm of King Saud University, has announced its investment in the Middle East Venture Partners’ Fund IV (MEVF IV), a fund managed by MEVP, one
MaxAB-Wasoko Acquires Fatura Backed by EFG to Accelerate E-commerce and Fintech Leadership in Africa
EFG Finance, part of EFG Holding, has announced the acquisition of its B2B marketplace Fatura by MaxAB-Wasoko, the leading regional e-commerce and supply chain super app. As part of the
ITHCA Group Signs Strategic Investment Agreement with Lumotive to Advance Oman’s Semiconductor Ambitions
Muscat – In a move that reaffirms its commitment to global technology partnerships and national talent development, ITHCA Group has signed a strategic investment agreement with Lumotive, a US-based company
AqlanX Secures $10 Million Investment from DoxAI to Launch Arabic-First AI Solutions for Enterprise in the Middle East
AqlanX, a UAE-based company specializing in AI and enterprise automation, has secured a $10 million investment from Lakeba Group through its project DoxAI. This investment marks a significant milestone in
Beltone Successfully Completes a Historic Capital Increase of EGP 10.5 Billion, Boosting Strategic Growth
Cairo – Beltone Holding (“Beltone” or “the Company”) has successfully completed its second capital increase, raising over EGP 10.5 billion with an extraordinary oversubscription rate of approximately 98%. This milestone
UAE-based Fintech Omnispay Raises $1.5 Million Seed Round Led by Mercatus Capital
UAE-based fintech company Omnispay, which specializes in payment solutions for small and medium-sized businesses (SMBs), has secured $1.5 million in seed funding. The round was led by Singapore-based venture capital