MUSCAT – ITHCA Group, the technology investment arm of the Oman Investment Authority (OIA), has made a strategic $20 million investment in Movandi, a leading U.S.-based company specializing in semiconductor […]
Oqood, a UAE-based company specializing in AI-powered legal solutions, has announced the successful closure of a $1 million Seed funding round led by a group of angel investors. The newly
In a strategic move poised to reshape Saudi Arabia’s e-commerce landscape, The Chefz, the Kingdom’s leading delivery and lifestyle platform, has announced a strategic partnership with Salla, the region’s top
RIYADH — A Royal Decree has been issued granting Saudi citizenship to American businessman and Uber co-founder, Travis Kalanick, as part of the Kingdom’s ongoing initiative to attract exceptional global
Emirates Development Bank (EDB) has announced the launch of new financing solutions worth USD 136 million aimed at supporting startups and micro, small, and medium-sized enterprises (MSMEs) as part of
Nuxera AI, a Saudi health-tech startup, has raised $2.5 million in a pre-seed funding round led by Sanabil Venture Studio by Redesign Health. The investment will fuel the company’s mission
In a landmark step to accelerate the growth of Saudi Arabia’s financial ecosystem and empower the SME sector, Thabet Investment Company has announced a strategic partnership with Singapore-based Five Keys
Climaty AI, a UAE-based startup pioneering the intersection of climate technology and marketing (CliMarTech), has raised $2 million in early-stage funding to build its Agentic AI-powered solutions designed to deliver
DUBAI, UAE / September 29, 2025 — 31 CONCEPT (31C), a UAE-based leader in cybersecurity innovation, has announced the strategic acquisition of Canada’s Xynthor AI Software Inc., a pioneer in
Dubai, UAE – Careem, the leading regional Everything App for mobility, delivery, and fintech services, has announced the acquisition of a minority stake in UAE-based digital car rental platform Swapp.
Tadawulcom Real Estate, a licensed PropTech platform regulated by the Real Estate Authority, has announced the successful closure of a $400,000 Seed funding round led by an angel investor. According
DUBAI, United Arab Emirates — (BUSINESS WIRE) — BECO Capital, a leading venture capital firm in the MENA region, has announced the successful close of $370 million across two new
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
The Ministry of Investment has announced the launch of “Startup Saudi,” a comprehensive national initiative designed to support the establishment and expansion of entrepreneurial ventures across the Kingdom. This strategic
Fawry, Egypt’s leading provider of digital payments and financial technology solutions, has announced the full acquisition of Dirac Systems, a cloud-based platform specializing in HR and accounting solutions for businesses,
Dubai, UAE – September 24, 2025 – PayPal Holdings, Inc. (NASDAQ: PYPL) has unveiled a strategic commitment to invest $100 million across the Middle East and Africa, aiming to fuel
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE, Prime Minister, and Ruler of Dubai, launched a new national campaign under the title “UAE: The Global
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
Moyasar Ltd, a Saudi-based leader in electronic payment solutions, has officially announced the signing of a strategic Memorandum of Understanding (MoU) with Visa, the global pioneer in digital payments technology.
Alkhabeer Capital has announced that it has led a Seed investment round worth $4.8 million in Al-Eqtisad Al-Aly, the parent company of Sindbad.Tech, a firm specializing in automated trading and
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
Derayah Financial Company (“Derayah Financial”) has announced the signing of a strategic partnership agreement with Malaa, the automated investment management advisor, during the Money 20/20 Middle East Conference. This collaboration
Oumla, a Saudi-based innovator in digital asset infrastructure and custody solutions, has announced the successful closure of its $2.4 million Seed funding round, led by Core Vision Investment, with participation
S60 Ventures, a subsidiary of Alistithmar Capital, in collaboration with Fintech Saudi, has officially announced the launch of the S60 Accelerator during the prestigious Money20/20 Middle East conference and exhibition,
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
Zahib is proud to announce the successful closing of its Seed investment round, marking a defining milestone in the company’s growth journey and reinforcing its strategic direction within the rapidly
ETHAI, a Saudi Arabia–based company dedicated to the advancement of ethical artificial intelligence, has officially launched its operations, marking a significant milestone in the Kingdom’s rapidly expanding AI and digital
Rasmal Ventures, a leading Qatar-based venture capital fund backed by the Qatar Investment Authority (QIA), has announced its investment in NEXX, a cutting-edge AI-driven logistics technology company headquartered in both
216 Capital, a leading Tunisian venture capital firm, has partnered with Silicon Valley innovation powerhouse Plug and Play to launch the “216 Capital Venture Accelerator”, a six-month program dedicated to
Eloquent AI, a pioneering company that enables financial institutions to fully automate and manage their customer service functions using artificial intelligence, has successfully closed a $7.4 million seed funding round
FOSTER CITY, Calif., Sept. 10, 2025 /PRNewswire/ — Replit, the fastest-growing agentic AI software creation platform, today announced the closing of its $250 million Series C funding round, valuing the
Berlin – Germany-based startup Born, which specializes in AI-powered social applications, has secured a $15 million investment round led by Laton Ventures from Turkey, alongside Tencent and Accel. Laton Ventures
Doha – The Qatar Investment Authority (QIA) has announced its participation in a major Series E investment round worth $1 billion in PsiQuantum, a U.S. leader in optical quantum computing,
The Future Fund of Oman (FFO), an affiliate of the Oman Investment Authority, has announced the launch of a new lending portfolio dedicated to supporting small and medium enterprises (SMEs).
RIYADH, SAUDI ARABIA: Shahbandr, the leading e-commerce enabler in Saudi Arabia and the MENA region, has announced the launch of “Shahbandr AI”, the region’s first fully integrated Generative AI Kit
Riyadh, Saudi Arabia – Sanabil Accelerator by Orbit, a joint initiative between Sanabil Investments, wholly owned by the Public Investment Fund, and Orbit Startups, has announced the Demo Day for
NEOHUB and Teknopark Istanbul have signed a collaboration agreement designed to strengthen the entrepreneurship ecosystem by enabling entrepreneurs to exchange knowledge and expertise through mutual mentorship programs, while also creating
Techne Summit today announced the launch of Egypt Innovation Week 2025, marking a major milestone in the nation’s journey towards technological advancement and entrepreneurship, through a community-driven initiative. The announcement
Dubai, UAE – Seraya, the Dubai-based PropTech and hospitality startup, has successfully closed a $1.8 million seed round, bringing its total funding to $2.15 million. The round was led by
SHEBA JOY, a Saudi mobile gaming studio, announced that it has raised USD 293,000 in a Pre-Seed investment round led by Merak Capital.The new funding will fuel expansion of production
ColendiBank has announced a strategic partnership with SAS and Linktera to develop powerful products and services in next-generation digital banking. This collaboration aims to lay the foundation for a modern
Vibes AlUla has announced the launch of the eighth edition of the “Rowad AlUla” Business Accelerator,” building on the success of the seventh edition, which began in July. The initiative
HUMAIN, owned by Saudi Arabia’s Public Investment Fund, has officially launched HUMAIN Chat in Riyadh, the first AI-powered interactive chatbot fully dedicated to Arabic speakers. The model was trained on
The region has witnessed a wave of funding activity. Gathern.co (🇸🇦 KSA), the Kingdom’s largest P2P rental marketplace offering 35,000+ accommodations across 280 cities, announced the closing of a $72M
Falak Investment Hub has announced its investment in Blomal Capital, a Saudi-based financial technology startup specializing in investment fund distribution, as part of a Pre-Seed funding round. The amount invested
The Saudi Ministry of Industry and Mineral Resources has signed a cooperation agreement with the Saudi Innovation Club to launch joint initiatives that support innovators and entrepreneurs in the industry
Cappadocia-based Kodgem, a Turkish startup developing AI-powered wearable health technologies, has secured a strategic investment from Infinia at a $4.5 million valuation. With this partnership, Kodgem aims to scale production
In a significant move to elevate digital shopping experiences, urpay, part of neoleap, has entered into an exclusive strategic partnership with DigiZag, one of the region’s leading digital marketing networks.
Turkish e-commerce giant Hepsiburada has officially announced that Hepsipay, its fintech subsidiary, has terminated its B2B operations. The “Pay with Hepsipay” service will no longer be available to businesses and
Creativa has announced the launch of Tech Launchpad, a comprehensive program designed to accelerate the growth of early-stage technology startups in Egypt. The initiative combines hybrid training sessions, one-on-one mentorship,
Manama, Bahrain – August 17, 2025 – Spring Ventures Services, supported by Tamkeen, has announced the launch of the 9th cohort of the “Rise: Fundraising Program”, an intensive two-week training
Riyadh, Saudi Arabia – August 17, 2025 – Fahy Studios, a rising Saudi game development studio, has secured a strategic investment of $1.75 million from Impact46 and Merak Capital. This
GO Telecom (Etihad Atheeb) has officially launched the GO AI Hub, a unified platform for AI solutions, alongside the GO AI Hub Silicon Valley Center in the United States. This
Perle, a Web3-enabled AI data training platform, has secured $9 million in a seed funding round led by Framework Ventures, bringing its total funding across pre-seed and seed stages to
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
The Madinah Regional Municipality, in collaboration with DeepMinds Holdings, has unveiled the groundbreaking “Madinah Venture Studio” — an initiative set to establish Madinah as a world-class hub for purpose-driven ventures.
Tareq Amin, CEO of HUMAIN, announced during an interview on Al Arabiya News Channel the official launch of full-scale operations for AI models in partnership with OpenAI — a strategic
The King Salman Global Academy for Arabic Language has concluded its “Arabic Language Innovation Accelerator” program in Riyadh, designed to support startups and entrepreneurs in language technologies by offering a
Cairo, Egypt – 5 August 2025 – F6 Group has officially launched its new investment arm, F6 Ventures, in partnership with Flat6Labs, to empower early-stage startups across the Middle East
HYLENR, a rising clean energy startup, has raised $3 million in a pre-Series A funding round led by Valour Capital and Chhattisgarh Investments Limited, with additional participation from investors Karthik
Afaq Capital, a Saudi company licensed by the Capital Market Authority (CMA), has fully acquired a venture capital portfolio in a transaction structured and completed with Cotyledon for Management Consultancy.
Riyadh, Saudi Arabia — DEEP.SA, a rising AI-focused startup, has successfully raised $1.2 million in a Pre-Seed funding round, with participation from TAM and RAED Ventures. DEEP.SA is dedicated to
Led by cyber•Fund Agentic AI platform Bhindi AI has secured $4 million in a pre-seed funding round led by Cyber Fund, which also backed Sowmay Jain’s DeFi protocol Fluid.io. According
The Ministry of Communications and Information Technology, through its Digital Entrepreneurship Center CODE, has officially launched the fifth edition of the “Tech Champions” program, targeting entrepreneurs and early-stage startups operating
The Dubai Land Department (DLD) has announced a strategic partnership with Second Century Ventures to launch REACH Middle East, an eight-month accelerator program designed to support high-potential proptech startups. Backed
Saudi-based open finance infrastructure provider Spare has received in-principle approval from the Central Bank of the UAE (CBUAE) to be licensed for open finance operations in the UAE. This positions
The Public Investment Fund (PIF) has retained its position as the world’s most valuable sovereign wealth fund brand for the second consecutive year, according to Brand Finance’s 2025 report. The
Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), has announced the launch of Sanabil Founder University by LAUNCH, in partnership with early-stage investor Jason Calacanis‘ firm
Saudi Arabia’s Ministry of Energy has officially launched the “Taqatech Accelerator”, a business acceleration program developed in partnership with The Garage, a leading startup and innovation platform based in Riyadh.
The General Authority for Small and Medium Enterprises (Monsha’at), headquartered in Riyadh, Saudi Arabia, has launched the second edition of the Entrepreneurial Glossary in Jumada al-Akhirah 1444 AH / December
In support of Saudi Arabia’s strategic vision to enhance national food security and empower entrepreneurs in vital sectors, the second edition of the “Sunbolah” accelerator program has officially launched. The
The General Entertainment Authority (GEA) in Saudi Arabia has officially launched the “Entertainment Partner” program, designed to empower entrepreneurs and foster the growth of startups in the entertainment industry, as
Saykal Electronics, a company specialized in developing mobility technology solutions, has secured a $4 million investment in a funding round managed by Fark Labs and led by İş Portföy Yönetimi
The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance, has announced the selection of 20 innovative startups to join the 10th cohort of
The Ministry of Communications and Information Technology of Saudi Arabia has launched “Tamkeen,” a financial incentive program designed to support employee retention in the Kingdom’s technology and telecommunications sectors. The
Beekod, a modular e-commerce super app developed in Turkey, has secured an investment from H2O Investment at a valuation of $2 million. The round marks a significant milestone for the
SAN DIEGO, CA — June 26, 2025 — Clearspeed, the global leader in voice-based risk assessment technology, has closed a $60 million Series D funding round, bringing its total funding
Istanbul, June 2025 — VenueX, an Istanbul-based artificial intelligence startup, has successfully raised $1.2 million in a bridge funding round led by Singapore-based Orbit Startups. The round also saw participation
Qanooni, the UAE-based legal technology startup, has announced the successful closure of a $2 million pre-seed investment round, led by Village Global, Salica Investments’ Oryx Fund, TA Ventures, and a
UAE | June 4, 2025 — U.S.-based CorroHealth, a leader in AI-powered financial management technologies for healthcare claims, has announced a strategic investment in UAE-based SANTECHTURE, a regional pioneer in
Abdul Latif Jameel, a diversified business network with over 80 years of legacy, has signed a Memorandum of Understanding (MoU) with Joby Aviation, Inc. (NYSE: JOBY), a U.S.-based company developing
Where there’s a will, there’s a way! This timeless motto embodies the spirit of determined men and women who refuse to give up, forming the very foundation of strength, resilience,
Saudi-based Taawoni, a leading platform in cooperative training and professional development, has successfully closed a $1.6 million investment round led by M Capital, with participation from other supporting investors. Founded
UAE-based Tech Universal Ventures has announced the acquisition of FixSquad (UAE) and ELVA11 (Sweden) as part of its expansion strategy to strengthen its footprint across the Gulf region and global
The Center for Digital Entrepreneurship (COD), affiliated with the Ministry of Communications and Information Technology, has launched CodeAI, a new incubator designed to support the growth of startups in the
SC Ventures, the innovation and FinTech investment arm of Standard Chartered, has announced a strategic partnership with DIFC Innovation Hub to launch the “National Venture Studio” in Dubai. This initiative
Eksim Ventures, a prominent venture capital fund, has announced new investments in two leading startups specializing in health technology and cybersecurity: DefensX, a cybersecurity platform, and Virasoft, an AI-powered digital
Mohammed Bin Salman Non-Profit City (Misk City) is set to host the “Map of Entrepreneurial Potential” event today, May 19, 2025, where the annual report on entrepreneurship support programs in
The Grand Finale of the FinTech World Cup (FWC) held on Day 2 of the Dubai FinTech Summit (DFS) concluded with over USD 9.25 million in investment commitments from international
The Transport General Authority (TGA) of Saudi Arabia has signed a strategic partnership agreement with Uber Technologies to introduce autonomous vehicles in the Kingdom. The signing was held under the
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
The Department of Finance (DOF) in Dubai has signed a Memorandum of Understanding (MoU) with global cryptocurrency platform Crypto.com, enabling the payment of government service fees using stable digital currencies
Saudi Crown Prince Mohammed bin Salman, Crown Prince, Prime Minister, and Chairman of the Public Investment Fund (PIF), has announced the launch of HUMAIN, a new AI company wholly owned
Nawy, Egypt’s leading digital real estate platform, has announced the successful closure of a $75 million Series A funding round, marking one of the largest investments of its kind across
New York, May 6, 2025 – zSpace, a leading provider of immersive EdTech solutions, marked a historic milestone as its CEO, Paul Kellenberger, rang the Nasdaq Closing Bell to celebrate
Stockholm, May 6, 2025 – Priceagent, the platform revolutionizing pricing strategy, has raised $550,000 in seed funding backed by its founders, consulting experts, and prominent angel investors, including former Cint
United Arab Emirates, 7 May 2025 – Standard Chartered has announced the launch of the seventh cohort of its Women in Tech UAE Accelerator, in collaboration with C3 – Companies
Riyadh, Saudi Arabia – The Digital Entrepreneurship Center (CODE), affiliated with the Ministry of Communications and Information Technology (MCIT), has launched the fifth edition of the “Tech Pioneers” program, as
Saudi’s Shahbandr has officially launched “Video Commerce” as a service – the first of its kind in the MENA region – introducing a new dimension to digital retail. The Video
Wa’ed Ventures, the venture capital arm of Saudi Aramco, has announced the signing of a strategic Memorandum of Understanding (MoU) with the Ministry of Environment, Water and Agriculture, during the
Mach Industries, the based defense technology startup founded by Ethan Thornton, has secured $100 million in a new funding round, co-led by Khosla Ventures and existing backer Bedrock Capital, according
Riyadh, April 2025 – STV, the leading growth investor in the MENA tech sector, has announced the final close of its first non-dilutive capital fund, the $100 million STV NICE
Maqsam, a leading provider of Arabic-language AI-powered contact center solutions, has been ranked 8th in the 4th edition of the Deloitte Technology Fast 50 for the Middle East and Cyprus,
During the ZIGChain Summit 2025 held in Dubai, it was officially announced that a $25 million DeFAI Innovation Fund has been launched to support AI-powered financial tools. This initiative is
Riyadh, Kingdom of Saudi Arabia – 2025, The Saudi Central Bank (SAMA) has announced the issuance of a new license to “Nayla Finance”, authorizing the company to operate in the
Riyadh, Saudi Arabia – KPMG Saudi Arabia has launched the 5th edition of its flagship Global Tech Innovator (GTI) competition, offering the country’s most ambitious startups an opportunity to showcase
CleanMob, a company specializing in smart fleet management solutions, announced that it has successfully raised €1.3 million funding from Bpifrance, 212Founders by CDG Invest, MNF Ventures, Tremplin Capital, and four
The Saudi Central Bank (SAMA) announced licensing “Tamawal” company to provide finance aggregation services, raising the total number of licensed finance aggregation companies in Saudi Arabia to six. This move
In a landmark technological achievement, Saudi Arabia’s iconic fast-food brand AlBaik, in collaboration with King Abdullah University of Science and Technology (KAUST), successfully executed the first drone meal delivery in
PropTech startup Flow, founded by Adam Neumann — the co-founder and former CEO of WeWork — and based in the United States, has secured $100 million in a Series B
Horiar AI, an applied AI research company developing creative tools for the media industry, has received its first investment from Biomka Holding at a valuation of $12 million. Commenting on
Qlik, a global leader in data integration, quality, analytics, and artificial intelligence, has announced the launch of a new AWS cloud region in the Middle East, reinforcing its commitment to
ADNOC Distribution, the UAE’s leading fuel and convenience retailer, has entered into a strategic partnership with noon, the region’s foremost digital platform, to redefine last-mile delivery using artificial intelligence. The
Dubai-based Pemo, a smart spend management platform, has officially expanded into the Saudi Arabian market, aligning with the Kingdom’s Vision 2030 digital transformation goals. Backed by over $19 million in
xAI, led by Elon Musk, has announced that it is set to launch “Grok 3.5”, representing a significant leap in its AI platform’s capabilities, while simultaneously developing “Grok 4” slated for release
Nutanix, a global leader in cloud computing and AI solutions, in collaboration with Dell Technologies, will host the inaugural Cloud & AI Day event in Egypt. The event is designed
London – Shein, the global fast-fashion retailer founded in China and now headquartered in Singapore, has received approval from the UK Financial Conduct Authority (FCA) for its planned initial public
OpenAI is preparing to finalize a massive investment round worth $40 billion, bringing its valuation to $300 billion. The funding round is led by SoftBank, with participation from Magnetar Capital,
Dubai, UAE – Armoir, a UAE-based luxury luggage startup, has successfully closed a pre-seed funding round led by Plus Venture Capital. While the exact investment amount remains undisclosed, the deal
StartUp Bahrain, supported by the Labor Fund (Tamkeen) in the Kingdom of Bahrain, has announced a strategic partnership with ordable, a business management solutions provider, aimed at enhancing operational efficiency and
Yango Group, a leading technology company, has announced the launch of a new institutional investment fund named “Yango Ventures” with a value of $20 million. The fund aims to support
Kenyan logistics startup Leta has successfully raised $5 million in an initial funding round. The company plans to use the funds to enhance its products and expand into strategic markets
BlackRock, Global Infrastructure Partners (GIP) (a subsidiary of BlackRock), Microsoft, and MGX have announced the inclusion of NVIDIA and xAI in the AI Infrastructure Partnership, previously known as the Global
Emirati entrepreneur Saeed Al Hamli has announced his participation in the founding of «Nqubator», where he serves as the company’s CEO. «Nqubator» aims to empower ambitious entrepreneurs to build innovative
Juridoc.tn, a pioneering legal-tech startup based in Tunisia, has announced a joint investment from Go Big Partners and 216 Capital Ventures. This investment supports the company’s ambitious expansion into the OHADA region, which includes
Mylo, the fintech subsidiary of B.Tech, has announced that it has obtained approval from the Financial Regulatory Authority (FRA) to offer full digital customer onboarding, making it one of the first companies to
Morocco has launched its first Venture Studio through BVS, aiming to support entrepreneurs and investors by providing an integrated environment that combines innovation, financial planning, and strategic expansion. This initiative is part of
The Dubai Land Department (DLD) has signed a cooperation agreement with REACH to launch the “REACH Middle East” real estate accelerator program. The initiative aims to attract proptech (property technology)
The General Authority for Small and Medium Enterprises (Monsha’at) has announced that 5 Saudi startups have achieved unicorn status with valuations exceeding $1 billion, while 35 more startups are on
Spiritus, a U.S.-based climate technology company specializing in Direct Air Capture (DAC), has announced the closure of a $30 million Series A funding round led by Aramco Ventures, with participation
The Garage, in partnership with Tuwaiq Academy, has launched The Garage Academy, a specialized academy offering investment-focused technical programs. The academy aims to meet the needs of local and global
The Khalifa Fund for Enterprise Development has announced the continuation of its new financing packages as part of its ongoing programs to support Emirati entrepreneurs with startups and existing projects
The Qatar Research, Development, and Innovation Council has launched a new grant titled “Business Development Grant for Startups” during the Qatar Web Summit 2025. The grant aims to support early-stage
The UAE’s “100 Future Companies” initiative, led by the Ministry of Economy and the Office of Government Development and the Future, unveiled its 2024 list of top startups during the
Golden Gate Ventures, a leading venture capital firm in Asia, has announced a strategic partnership with the Oman Investment Authority (OIA) through its tech-focused arm, Innovation Development Oman (IDO Investments).
Ula (ula.me), an edtech company, has raised $28 million in a Series B funding round led by Ruya Growth Fund, with participation from Jordan Capital & Investment Fund and Foursan
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