News
Khalifa Fund, Hub71 to empower Emirati entrepreneurs
The Khalifa Fund for Enterprise Development (KFED) and Hub71 are to launch the MZN Hub71 Programme, a new initiative designed to empower Emirati entrepreneurs and business owners in the early stages o...
IBM to acquire Confluent for $11 Billion
IBM has agreed to buy Confluent for $11 billion. IBM and Confluent will enable end-to-end integration of applications, analytics, data systems and AI agents to drive intelligence and resilience in hyb...
$15M fund to support Indian startups in Saudi Arabia
India Accelerator (IA), India’s leading multi-stage, fund-led accelerator, is set to launch its accelerator program in Saudi Arabia, backed by a dedicated $15 million fund to support Indian startups e...
Factorial Capital closes $25 million Fund II
Factorial Capital, an early-stage venture capital firm pioneering a new model for AI investing, announced the close of its $25 million Fund II. The fund will continue Factorial’s thesis of backi...
Goldman Sachs opens new office in Riyadh
Goldman Sachs today announced the official opening of its new office and regional headquarters (RHQ) in Riyadh, Kingdom of Saudi Arabia. Located in the King Abdullah Financial District (KAFD), the new...
Canva unveils 2026 design trends
Canva today unveils its third annual Design Trends Report with bold predictions for creativity, social media and brand content in 2026. The company also unveiled a “Design DNA” feature, which offers C...
MENA Startup Funding Slows Sharply in November 2025
Investment activity across the MENA startup ecosystem slowed significantly in November 2025, with 35 startups raising a combined $227.8 million. That marks a steep drop from the $784.9 million recorde...
Qwacks raises SAR 1.8 million from Merak Capital
Qwacks, a Saudi gaming technology startup building next-generation tools for game developers, has raised SAR 1.8 million in pre-seed funding from Merak Capital, a Saudi-based investment firm licensed ...
Türkiye’s Paribu acquires CoinMENA for $240 million
Türkiye’s leading digital asset platform Paribu announced that it has acquired CoinMENA, the largest local crypto exchange in the Middle East and North Africa (MENA), in a transaction valuing the comp...