Startups
Torod, Saudi Arabia’s shipping solution, signs a strategic partnership with Makane
Torod signed a strategic agreement with Makane, a Saudi-based e-commerce startup. Torod also announced the launch of its latest product...
Latest
Startups
Hotdesk, UAE’s on-demand workspace booking platform, acquires Spain’s Yado
Hotdesk, an on-demand workspace booking platform that provides instant access to co-working spaces, acquired the Spanish-based co-working app, YADO. The...
Startups
X-ERA and Paymob partner to digitize B2B payments for grocers and small retailers in Egypt
X-ERA Egypt, a FinTech and logistics solutions provider, and Paymob, a financial services enabler in the MENA-P region, signed a...
Money
Qatar Investment Authority increased its stake in Credit Suisse Group to 6.87%
Qatar Investment Authority (QIA) increased its stake in the Swiss Credit Suisse Group to 6.87% from almost 5.6%. After this agreement, QIA becomes...
Startups
Matbakhi, Saudi Arabia’s FoodTech startup, raised $2.3m in a pre-seed funding round
Matbakhi, a Riyadh-based FoodTech startup, raises $2.3 million in a pre-seed round led by Bugshan Investment Company and various angel...
Markets
Egypt signs a $1.5 billion agreement with the International Islamic Trade Finance Corporation
Egypt has signed a $1.5 billion agreement with the International Islamic Trade Finance Corporation (ITFC). The agreement includes financing imports...
Startups
valU partners with FinTech startup Sympl to provide short-term BNPL plans for customers
valU, a leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, partnered with Sympl, a FinTech BNPL startup, to allow valU customers...
Environment
The Africa Renewable Energy Manufacturing Initiative will invest $850m in Africa
The African Climate Foundation, Bloomberg Philanthropies, ClimateWorks Foundation, and the Chinese Renewable Energy Industries Association (CREIA) launched the Africa Renewable Energy Manufacturing...
Money
Schneider Electric acquires industrial software company AVEVA
Schneider Electric, an automation and energy management company, acquired AVEVA, an industrial software company. AVEVA will now be wholly owned and...
Startups
Cathedis, Morocco’s e-logistics startup, raises $735K in a pre-series A round
Cathedis, a delivery and e-logistics startup based in Morocco, raised $735K in a pre-series A funding round. The round was...
