News
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...
Ruya Partners extends $15M credit facility to TruKKer
Ruya Partners announces the closing of a USD 15 million (SAR 55 million) private credit investment in TruKKer Holding Limited, the largest digital freight and logistics platform across the Middle East...
XPANCEO raises $250 million at $1.35 billion valuation
XPANCEO, a deep tech pioneer developing AI-powered smart contact lenses, has raised $250 million in Series A funding at a $1.35 billion valuation, officially joining the unicorn ranks. The round was l...
Saudi startup Rekaz raises $5 million in seed funding
Saudi-based software startup Rekaz has raised $5 million in seed funding to scale its product and expand its regional presence. The round was led by COTU Ventures, with participation from Impact46, Sh...
Olive Rock Partners acquires 30% stake in Shrimp Nation
Shrimp Nation, a Saudi homegrown food and beverage brand and one of the fastest-growing seafood restaurant concepts in the Middle East, has announced that the country’s leading private equity fi...
Jordan’s Najahna program supports 20 startups
As part of the partnership between Plan International, the Ministry of Digital Economy and Entrepreneurship, and Orange Jordan, an agreement was signed under the “Najahna” program for youth economic e...