News
Pine Labs enters UAE market
Pine Labs has announced that it has entered the United Arab Emirates (UAE) market. Pine Labs will partner with local banks and financial institutions in the region to help them serve their merchant pa...
Tabby raises $58 million in its Series C round
Tabby has raised $58 million from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst in a Series C round which values the company at $660 m...
Masdar City strengthens its position as the hub for AI and clean energy startups
A new partnership between Masdar City, Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), and The Catalyst, the region’s first clean technology startup accelerator, aims to drive the gr...
Egyptian gaming platform, GBarena acquires Tunisia’s Galactech for $15 million
GBarena, the leading Middle East esports platform, announced an agreement to acquire Tunisia-based Galactech, the gaming leader in North Africa alongside a significant presence in the GCC. The transac...
Okredo to provide competitive advantage to SMEs in the UK
Okredo wants to give SMEs in the UK a competitive advantage by offering access to the most recent data about other UK businesses. Okredo merges open data, open banking, and credit bureau functionaliti...
Saudi and WEF launch innovation accelerator
A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting. His Highness Prince Faisal Bin Farhan Al...
Masdar City and AWS collaborate to accelerate growth of UAE startups
Masdar City is collaborating with Amazon Web Services (AWS) to empower startups to build scalable and secure cloud-based services that accelerate their growth. Announced at Abu Dhabi Sustainability We...
Algisys selected by Saudi Arabia’s KAUST for Destination Deep Tech Program
algisys BioSciences, is one of only 11 companies selected from a large global pool of companies, to participate in the kaust Destination Deep Tech Program. Working at KAUST with some of the world̵...
VC funding for Saudi Arabian startups grew by 72%
The “2022 Saudi Arabia Venture Capital Report” revealed that the funding deployed into Saudi Arabian startups grew by 72% to a record-high of $987 million (SAR 3.701 billion) in 2022 versus 2021.