News
UAE based start-up Sprout raised $ 200,000 funding
UAE start-up Sprout FZCO received funding from Bahrain-based FA holding firm for $ 200,000 to be used for retail expansion of products and services.
Saudi start-up, Hazen.ai raises funds to go global
Hazen.ai, a maker of intelligent traffic systems that use Artificial Intelligence (AI) technologies to improve road safety, has received a follow-on investment from Wa’ed, the entrepreneurship arm of ...
ASUS launches new ZenBook Flip 13 OLED convertible laptop
ASUS today announced that ZenBook Flip 13 OLED (UX363) is now verified on the Intel Evo Platform for an exceptional mobile experience, with exciting updates including an OLED touchscreen, 11th Generat...
Carrefour expands its robotic fleet in the UAE
Carrefour has today announced that it is expanding its robotic fleet by adding 11 more Tally Robots across selected stores in the UAE to support stock management and control.
Dubai’s IBC Group pledges 100,000 Bitcoin to setup Miami 2.0 Blockchain Strategy Foundation
Dubai based IBC Group has pledged 100,000 Bitcoin (current value of USD $4.8 Billion) to setup the Miami 2.0 Blockchain Strategy Foundation and many other related Joint Venture Projects. The group bac...
Palo Alto acquires security startup Bridgecrew for $156 m
Palo Alto Networks will acquire Bridgecrew for approximately $156 million in cash, excluding the value of replacement equity awards, subject to adjustments. The proposed acquisition will enable “...
Nuwa Capital concludes first close of its $100million fund
Nuwa Capital, a venture capital firm, has announced the first close of its flagship fund Nuwa Ventures Fund I (“NVFI”), having raised three-quarters of its US$100 million target in less than a year si...
AWS support Boubyan Bank incubation program in Kuwait
Boubyan Bank has announced that its incubation program for startups, Boubyan Incubation Program, became an AWS Activate Provider in Kuwait. This will provide entrepreneurs and startups cloud computing...
FlexxPay raises $3m in pre-series A round
FlexxPay, a leading Shari’a compliant employee benefit platform has raised USD 3 million in a pre-series A round. The round was joined by leading international and regional investors including JIMCO, ...