Saudi Arabia

Saudi Arabia all set to allow alcohol in the Kingdom

As reported by Reuters, Saudi Arabia is all set to open the doors of the Kingdom’s first alcohol store in Riyadh anytime soon. The liquor will be sold exclusively to non-Muslim diplomats after s...

Gulf Islamic Investments acquires stake in Saudi healthcare firm for $160 million

Gulf Islamic Investments (GII) has signed agreements to acquire a significant equity stake in Abeer Medical Company (Abeer), the largest affordable healthcare services provider in the Kingdom of Saudi...

Adaverse invests in Saudi Arabia’s Takadao

Adaverse, a Cardano ecosystem accelerator and seed fund focusing on scaling Web3 solutions, announces its first strategic investment in Saudi Arabia’s Takadao. Takadao is a revolutionary force in the ...

Saudi-based LAHINT raises 1 million riyal in pre-seed round

Saudi-based LAHINT, specializing in streamlining government procedures, has successfully closed a one-million Saudi Riyal investment round backed by angel investors in an innovative shift set to radic...

Saudi startup Nawel secures $1 million in pre-seed funding

Saudi tech startup Nawel has successfully raised $1 million in a pre-seed funding round led by NOMD Holding, a prominent investment firm known for its support of innovative startups in the technology ...

Saudi unveils ‘Entrepreneur’ Residency for aspiring entrepreneurs

Saudi Arabia’s Board of the Premium Residency Center has announced the launch of five new Premium Residency products. These products align with national goals to boost Saudi Arabia’s posit...

Saudi HealthTech startup Clinicy secures Series A funding

Saudi Arabia’s pioneering healthcare technology startup, Clinicy, has successfully raised a significant seven-figure (USD) Series A funding round, led by Middle East Venture Partners (MEVP), str...

Golden Gate Ventures establishes its presence in Saudi Arabia

Golden Gate Ventures, a venture capital fund, announced the establishment of its first MENA office in Saudi Arabia to strengthen ties between Singapore and MENA region and accelerate the development o...

Saudi Arabia based fintech Hakbah partners with Tarabut

Hakbah, the KSA-based fintech savings platform, has announced a new partnership with Tarabut – MENA’s leading open banking platform and an investor in the region’s digital transformation.