News
Tumodo raises $35 million from angel investors
Tumodo, a business travel platform founded in 2023, announced it has successfully raised $35 million in a pre-seed round co-led by MENA-focused angel investors. This funding will fuel the company̵...
Aramco pumps in $4 billion into Aramco Ventures
Aramco has allocated an additional $4 billion to its global venture capital arm, Aramco Ventures. It will more than double the capital allotted to Aramco Ventures, increasing its total investment allo...
TikTok Creator Awards honors the Best in Creativity
The TikTok Creator Awards at The Theatre Dubai was a night of celebration, showcasing the talents of creators from across the MENA region. Emphasizing the theme ‘Celebrating New Dreams,’ t...
G42 invests in a new edge computing startup Analog
G42, today announced its investment in a new edge computing startup, Analog. The venture marks a significant stride in crafting AI solutions centered around human needs, effectively narrowing the gap ...
Kuwaiti Edtech, Baims acquires Egyptian Orcas Tutoring
Baims, a leading education technology (Edtech) company, announces a strategic move to acquire Orcas Tutoring to capture the flourishing $100 billion education market in the Middle East and North Afric...
UAE launches EcoMark green accreditation framework for MSMEs
The United Arab Emirates has announced plans to develop the first-ever sustainability accreditation framework for micro, small and medium-sized enterprises (MSMEs). EcoMark Global Accreditation has be...
Winners for Spinneys Local Business Incubator revealed
UAE’s leading fresh food retailer, Spinneys, has announced the winners of the fourth edition of the Spinneys Local Business Incubator. The Incubator program was launched in 2020 and directly supports ...
Stellar lineup for Sharjah Entrepreneurship Festival 2024 revealed
The Sharjah Entrepreneurship Festival (SEF) 2024 is set to host a stellar lineup of visionaries, innovators, and leaders who have significantly shaped their respective industries across a myriad of se...
Egyptian PE firm Ezdehar invests $10 million in healthtech startup Yodawy
Egypt-based private equity firm Ezdehar Management announced the purchase of a minority stake for $10 million in a healthtech startup Yodawy, which has emerged as a leading pharmacy benefits managemen...