News
Al-Futtaim Health and Dubai SME to boost SMEs
Al-Futtaim Health, the healthcare division of Al-Futtaim Group, has announced a strategic partnership with the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME...
Foodics acquires Solo Venture and invests in 3 startups
Foodics has acquired 100% of Solo Venture, a UK-based provider of self-ordering kiosks, white-label website, and application ordering technology. This strategic acquisition underscores Foodics’ ...
Tawaref and Thanawi to advance entrepreneurship in KSA
Tawaref, a leading Saudi-based shared services company, and Thanawi, a pioneering digital platform, signed a strategic partnership to advance the entrepreneurship sector and support digital transforma...
Investcorp appoints Mohamed Aamer as the Interim CEO
Investcorp announced the appointment of Mohamed Aamer as Interim CEO, effective 1 March 2025. Mohamed will succeed Tim Mattar, the current CEO of Investcorp Capital. Mattar has been with the Company s...
RasMal closes its $4.8 million pre-series A round at LEAP
RasMal, the first cap table management and investment governance platform in MENA region, closes its Pre-Series A investment round led by Syndicate Element Holding Group (SHG), a leading investment fi...
Merak Capital and Huawei Cloud to support gaming startups in Saudi Arabia
Merak Capital, a leading technology-focused investment firm in KSA and Huawei Cloud have announced a strategic partnership to accelerate the development of Saudi Arabia’s gaming industry through...
Tabby raises $160 million in Series E at a $3.3 billion valuation
Tabby has raised $160 million in a Series E financing round at a $3.3 billion valuation, cementing Tabby as the most valuable fintech company in the region. The round was led by existing investors Blu...
Nigerian startup Raenest raises $11mln Series A funding
Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with...
Unipal closes Pre-Series A round to grow in Saudi Arabia
Unipal, the biggest youth benefits platform in the region, successfully raised its Pre-Series A investment round. The round was led by Plus VC with participation from Al Jazira Capital, RZM Investment...