The Public Investment Fund (PIF) has announced the launch of Al Wahah Duty-Free, Saudi Arabia’s first locally owned duty-free retail operator specializing in travel retail. The company aims to become a leader in […]
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
In recent years, the Arab world has witnessed an unprecedented boom in startups, driven by advanced technology, increased investments, and growing government support. However, despite this rapid rise, many of
SC Ventures, the innovation and investment arm of Standard Chartered Bank, has signed a memorandum of understanding (MoU) with Visa to develop innovative solutions supporting small and medium enterprises (SMEs)
California, USA – Anthropic, a leading artificial intelligence company, has announced the closure of its Series E funding round, raising $3.5 billion at a valuation of $61.5 billion. The funding
Riyadh, Saudi Arabia – The Saudi Public Investment Fund (PIF), valued at $925 billion, has temporarily suspended awarding consulting projects to PricewaterhouseCoopers (PwC) for one year, until February 2026. However,
Locate App, a delivery platform specializing in restaurant, retail, and supermarket orders in the Eastern Province, has announced its intention to go public on the Saudi stock market. This move
Over the past decade, the Arab world has witnessed a surge in startups, driven by increased investment, accelerator programs, and government initiatives aimed at fostering a digital economy. However, a
Amplifai Health announced the successful completion of a new funding round, receiving investments from Wa’ed by Aramco, Plug and Play, KAUST Innovation Ventures, along with existing investors Techstars and Lamarka.
Merit Incentives has successfully raised $28 million in its Series B funding round. The round was supported by prominent investors, including Alistithmar Capital, Stride Ventures, Tech Invest Com, and Oryx
Torod, a Saudi-based logistics startup, has successfully raised 42 million SAR in its Series A funding round. The round saw participation from prominent investors, including Wa’ed Ventures, Elm, Impact46, Hala
PIESHIP has successfully closed a $7.87 million Seed funding round, led by Nama Ventures, with participation from SEEDRA Ventures and angel investors. PIESHIP specializes in last-mile operations management, offering an
Saudi-based BRKZ, a construction tech startup, announced the closure of its $17 million Series A funding round, bringing its total funding to $22.5 million. The round saw participation from key
The Saudi startup String, specializing in marketing and sales automation, has closed a SAR 2 million pre-seed funding round from a group of angel investors. Founded in Riyadh in 2023
Once upon a time, a young entrepreneur had a groundbreaking idea. He pitched it to investors, secured a million-dollar seed round, and the world celebrated him as the next big
UpLevel, a Saudi startup, has announced the closure of a Pre-Seed funding round supported by angel investors, with the investment amount undisclosed. The company offers innovative solutions to enhance professional
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