News
WaHa secures $8 million in Series A-1
Water Harvesting Inc. (WaHa) announced the close of an $8 million Series A-1 financing and corporate reorganisation. The round saw participation from WaHa’s largest noteholders and investors, includin...
Lucidya raises $30 million in Series B round
Lucidya, MENA’s leading AI-powered customer experience management (CXM) platform, has announced the close of its USD30 million Series B round—the largest AI investment ever raised in the region.
EazyPay and Tamara to offer seamless payment solutions
Bahrain’s leading financial company, Eazy Financial Services, has announced a strategic partnership with Tamara, one of the region’s fastest-growing fintech platforms and a pioneer of the ...
PALM successfully closes a seven-figure Pre-Seed round
PALM, Egypt’s first fintech startup offering incentivised goal-based saving, has announced today that the company has successfully closed its pre-seed funding round. The investment round was led by 4D...
AsyncRAT Is Becoming a Cybercriminal Favorite
ESET Research is releasing its analysis of AsyncRAT — a remote access tool (RAT) designed to remotely monitor and control other devices. Over the years, AsyncRAT has cemented its place as a cornerston...
Saudi Arabia leads the VC investment in the region
According to the report published by the venture data platform MAGNiTT, the “H1 2025 MENA Venture Investment Report” revealed that Saudi Arabia maintained its first rank across MENA in ter...
Bahrain offers 48% cost advantage for financial firm
Bahrain has been ranked as the most cost-competitive location to operate a financial services firm with a tech hub within the Gulf Cooperation Council (GCC) countries, with a 48% cost advantage, in th...
BlueFive Capital raises $2 billion GCC PE fund
BlueFive Capital today announced that it has concluded raising the BlueFive Reef Private Equity Fund I. The $2 billion fund is registered with the Abu Dhabi Global Market (ADGM) and targets large-cap ...
Mobile game studio Million Victories raises $40 million
Mobile game studio Million Victories, developer of the multiplayer strategy game Million Lords, today announced the successful completion of a nearly $40 million funding round comprising primary and s...