News
Hakbah raises $2 million in pre-Series A funding
Saudi-based fintech savings platform, Hakbah successfully raised $2 million pre-Series A funding round by a leading venture capital firm Global Ventures and DIFC-based Aditum Investment Management. Th...
World Metaverse Awards to be held in Riyadh in 8 June
The World Metaverse Council has been announced as a strategic partner for the upcoming Metaverse Discovery event in Riyadh, a groundbreaking gathering that will take participants on an immersive journ...
Unifonic and inspireU from stc to empower the startup ecosystem in KSA
Unifonic partnered with inspireU from stc to promote Saudi Arabia’s startup ecosystem through sponsorship and investment in SaaS startups via an Accelerator and a Venture Builder. Through this p...
UAE and Cisco collaborates to launch digitization initiatives for SMEs
The Ministry of Economy of the UAE and Cisco have announced a digitization initiative aimed at accelerating the growth of small and medium enterprises (SMEs) in the country, under the scope of the amb...
DIFC unites FinTechs and banks for innovation
According to recent research by Report Ocean, the global FinTech Lending Market was valued at approximately $573.05 bn in 2021 and is anticipated to grow with a healthy growth rate of more than 27.4% ...
Generative AI to usher in a bold new future
New research from Accenture finds that generative AI and other rapidly evolving technologies are ushering in a bold new future for business as physical and digital worlds become inextricably linked.
bp invests $11m in India’s e-mobility startup, Magenta Mobility
bp ventures has invested $11 million in India’s e-mobility startup, Magenta Mobility, which specialises in the electrification of logistics and last-mile delivery – the journey from a distribution cen...
IPA Qatar launches its first digital platform for investors
The Investment Promotion Agency Qatar (IPA Qatar) has launched Invest Qatar Gateway, the first digital platform for investors in Qatar. A free online resource for foreign investors and companies in Qa...
e& acquires majority stake in Careem Super App for $400m
e& today announced to acquire a majority stake in Careem’s Super App spinout. Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other...