News
Qatar’s Rasmal Ventures and Deniz Ventures invest $7.6 million in TeamSec
Qatar’s Rasmal Ventures, one of Doha’s leading venture capital firms, and Deniz Ventures, the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund—the Corp...
Dubai Chamber supported 1,210 startups in 2024
Dubai Chamber of Digital Economy has successfully supported the establishment and expansion of 1,210 digital startups in Dubai in 2024, representing an increase of 120% compared to 2023, underlining D...
Lendo secures $690 million to boost SMEs in Saudi Arabia
Lendo, the leading debt crowdfunding platform in Saudi Arabia, has secured a USD 690 million (SAR 2.6 billion) warehouse facility led by J.P. Morgan. Supported by Fintech Saudi, this milestone undersc...
Sharjah Entrepreneurship Festival to open tomorrow
Tomorrow, the Sharjah Entrepreneurship Festival (SEF) 2025 kicks off, setting the stage for an electrifying 2-day event that promises to redefine innovation and collaboration across the region.
Simplex secure $13 million in funding to build CNC factory in Saudi Arabia
Simplex, a rising startup in CNC machine manufacturing, secures $13 million as part of Saudi efforts to support and localize advanced industries within the Kingdom. Simplex will use the funds to open ...
RAKEZ signs MoUs with India’s CII and MIDC to boost trade and investment
The Ras Al Khaimah Economic Zone (RAKEZ) has signed MoUs with key Indian entities, the Confederation of Indian Industry (CII) and Maharashtra Industrial Development Corporation (MIDC), to bolster trad...
MBRIF welcomes new cohort of innovators
Mohammed Bin Rashid Innovation Fund (MBRIF), the UAE Ministry of Finance’s initiative supporting innovation in the UAE, has announced the selection of innovators for Cohort 9 of its Innovation Acceler...
Aditum Investment surpasses $200m in AUM milestone
Aditum Investment Management Limited, a privately owned asset management company based in the DIFC, announced that its DIFC platform, Aditum Global Access ICC Ltd, has surpassed US$200m in assets unde...
Biosapien extends Pre-Series A round to $7 million
BioSapien, the pioneering biotech company behind MediChip, a revolutionary localized cancer treatment platform, has successfully extended its pre-Series A funding round to $7 million. This milestone i...