News
SoftBank acquires Ampere Computing for $6.5 billion
SoftBank announced the acquisition of Ampere Computing, a leading independent silicon design company, for $6.5 billion. Ampere will operate as a wholly-owned subsidiary of SoftBank Group and retain it...
Use of LLMs can boost AI-driven innovation in startups
New applied research by the American University of Ras Al Khaimah (AURAK) has revealed that the use of large language models (LLMs) can dramatically accelerate the growth and productivity of startups....
PlaysOut secures $7 million to expand mini-game ecosystem
PlaysOut, a mini-game platform, has raised $7 million in seed funding to expand its ecosystem, foster strategic partnerships, and enhance its market presence. OKX Ventures led the funding round, which...
ORO Labs raises $1.5 million in a pre-seed funding
ORO Labs, a tokenised gold protocol built on Solana, has raised $1.5 million in a pre-seed funding round to turn gold into a liquid, composable, and income-generating asset.
Grinta acquires Citi Clinic to expand its footprint
In a landmark move, Grinta, a prominent healthcare and pharmaceutical solutions company, has acquired Citi Clinic, a well-regarded primary healthcare service chain in Egypt. This acquisition brings wi...
Ibtikar Fund announces investment in MENA Analytics
Ibtikar Fund announced its investment in MENA Analytics, an innovative market research and data analytics company transforming how businesses in the MENA region access and utilize market intelligence....
African Business Heroes crowned at the ABH Summit
Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, has announced the grand prize winner of its sixth annua...
BankDhofar and Smartech offers integrated POS solutions to SMEs in Oman
Oman’s leading bank, BankDhofar and Smartech, an Omani software solutions specialist, have established a strategic partnership that integrates accounting and electronic payment solutions. This collabo...
RedotPay secures $40 million led by Lightspeed
RedotPay, a leading crypto payment platform, today announced the successful close of a $40 million Series A funding round led by Lightspeed following their commitment in December 2024, with significan...