News
EY MENA M&A Insights report 522 deals valued at $71.0b
According to the EY MENA M&A Insights 9M 2024 report, the MENA region witnessed an increase in merger and acquisition (M&A) activity with a total of 522 deals amounting to US$71.0b. When compa...
Game District acquires gaming startup Gleam Games
In a major move for the global gaming industry, Southeast Asia-based gaming giant Game District has acquired a majority stake in Türkiye’s Gleam Games, a fast-growing mobile gaming startup most popula...
EFG Hermes launches $300mln Saudi Education Fund
EFG Hermes, an EFG Holding company and the leading Investment Bank in MENA, announced that its private equity arm has launched a USD 300mn Saudi Education Fund (“SEF”) to build an institutional world-...
AHOY to support 10,000 entrepreneurs and upskill 30,000 software developers in the region
AHOY, the first GCC-backed deep-tech company specializing in algorithmic developer tools, has launched its Startup Builder Initiative. The initiative aims to support 10,000 entrepreneurs and provide d...
Supply chain tech startup, Qara raises $2.6 million
Qara, a supply chain tech startup, announced the successful completion of its $2.6 million funding round, led by strategic investors. This funding will drive the company’s expansion into the Kingdom o...
Bahrain’s Minister of Industry and Commerce to participate in MENA Angel Investment Summit 2024
Tenmou, Bahrain’s first Business Angel Investing Company, announced that His Excellency Abdulla bin Adel Fakhro, Minister of Industry and Commerce, will participate in the ninth edition of the MENA An...
Investcorp appoints Mashaal AlJomaih as CEO of KSA
Investcorp, a leading global alternative investment firm, announced Mashaal AlJomaih’s appointment as CEO of Investcorp Saudi Arabia. AlJomaih previously held the role of managing director withi...
Merak Capital launches Exel By Merak to empower gaming startups
Merak Capital, a leading technology-focused investment firm, launched its 306 million Saudi Riyals Exel By Merak gaming fund and gaming accelerator to empower the next generation of gaming startups.
Sustainability startup, EcoProfessions expand into UAE
EcoProfessions, an innovative startup in sustainability recruitment, is expanding into the UAE to meet the growing demand for specialised talent in sustainability and Environmental, Social, and Govern...