News
Wafeq completes $3 million seed round
Wafeq has announced the completion of its $3 million seed round. The Dubai headquartered company’s seed round was led by Raed Ventures and saw participation from Wamda Capital, both of which are...
Terra Drone closes a $14 million bridge round
Terra Drone, the Japan-based leading drone and Urban Air Mobility technology (UAM), announces closing a $14 million bridge round led by Wa’ed Ventures, the Kingdom-focused venture capital arm of Aramc...
UAE reduces fees for 14 services to attract and support entrepreneurship and SMEs
The Ministry of Industry and Advanced Technology (MoIAT) has reduced the fees for 14 main and sub services and waived the fee for one service as of January 1, 2023. The move aligns with the objectives...
PASQAL secures $108 million equity Series B funding
PASQAL has announced it has secured a $108 million equity Series B raise led by new investor Temasek, a global investment company headquartered in Singapore. Other new investors include the European I...
The Step Conference 2023 is back yet again
The highly-anticipated Step Conference 2023 is returning to Dubai Internet City for its 11th edition on February 22-23, 2023. The conference promises to bring together the brightest minds in the indus...
SNB collaborates with Mastercard and SEF to unlock new experiences
Saudi National Bank announced a strategic partnership agreement with Mastercard and the Saudi Esports Federation (SEF) during the SEF Awards to accelerate Saudi Arabia’s digital transformation and enh...
Flat6Labs Ignite Cycle 4 commences
Flat6Labs, in partnership with DisruptAD, the venture platform of ADQ, unveiled the 10 new start-ups that have been selected for the fourth cycle of the flagship Flat6Labs Ignite program. These organi...
Mastercard partners with EazyPay
Mastercard has partnered with Bahrain’s Eazy Financial Services (EazyPay) that will now be powered by Mastercard Payment Gateway Services (MPGS).
11 startups selected for cohort 3 of ASIP accelerator program
Africa’s tech Accelerator, Startupbootcamp AfriTech, together with founding Telecel Group have selected the participants of the much-coveted Accelerator Program, the Africa Startup Initiative Pr...