News
Saudi Venture Capital invests in a PE fund by Aliph Capital
Saudi Venture Capital (SVC) announces an investment in Aliph Fund I, a GCC-focused growth fund from Aliph Capital, a GCC-based private equity fund manager.
New investments shoots Veeam valuation at $15 billion
Veeam Software has announced an expansion of its shareholder base in a $2 billion secondary offering, valuing the company at $15 billion. This transaction was led by TPG with participation from Temase...
UAE-based Game tech startup Playgama secures $3 million
Playgama, a UAE-based game tech startup aiming to give the developers of HTML5 games (also known as web games or browser games) access to the whole web market at once, has raised $3 million in a fundi...
Khalifa Fund unveils MZN Hub to transform the entrepreneurial journey
Khalifa Fund for Enterprise Development unveiled its new operational model, MZN Hub, which will be operational in 2025. The Hub will utilise AI-driven solutions to create an integrated, cutting-edge e...
ABO Digital invests $5 million in The Binary Holdings
The Binary Holdings, a UAE-based technology powerhouse valued at $16.9 billion, today announced a strategic investment of up to $5 million from ABO Digital, a digital asset investment firm providing a...
GCC economies to double their growth rate in 2025
According to the latest ICAEW Economic Insight report prepared by Oxford Economics, the GCC economies will more than double their growth rate from 1.9% in 2024 to 4% in 2025. This acceleration comes d...
Entrepreneurs, start-ups in spotlight at Abu Dhabi Business Week
As repoAbu Dhabi Business Week (ADBW) has showcased the efforts of the Abu Dhabi Businesswomen Council (ADBWC) of the Abu Dhabi Chamber of Commerce and Industry (ADCCI) in supporting entrepreneurs and...
Standard Chartered celebrates women entrepreneurship on Bahraini Women’s Day”
Standard Chartered Bank hosted a panel discussion on the occasion of Bahraini Women’s Day. The discussion brought together participants from all five cohorts of the “Women in Tech” program, an initiat...
Eon raises $70 million in Series C funding led by Bond
Eon, the next-gen cloud backup platform, raised a $70 million series C funding round led by BOND, growing its valuation to $1.4 billion. Several return investors joined the round, including Sequoia Ca...