Energy
Saudi ACWA Power Secures USD 1.5B for Egyptian Wind Station in November
– Saudi ACWA Power will secure $1.5 billion for a wind energy project in Suez, Egypt by November, with final...
Latest
Markets
Federal Reserve Cuts Rates by Half-point, First in Four Years
– In response to the Fed’s policy easing, major Gulf stock markets saw gains, with Dubai’s main share index rising...
Startups
LabLabee Raises USD 3.4M in Seed Round to Advance 5G and AI Education
– LabLabee, an Algerian edtech startup, raised $3.4 million in seed funding to drive 5G, cloud, and AI adoption in...
Money
Global Investments in AI Infrastructure Continue to Grow Steadily
– G42’s report highlights that global investment in AI infrastructure continues to grow, reaching nearly $843 billion in 2023, despite...
Markets
Saudi Cabinet Approves New Laws for Commercial Registration
– The Saudi Cabinet approved the Law of Commercial Registration and the Law of Trade Names to streamline business operations...
Startups
Egypt’s EdTech Farid Secures USD 250K to Drive Educational Innovation
– Farid, an Egyptian EdTech startup, secured $250,000 in pre-seed funding from Saudi businesswoman Amal bint Abdulaziz Al-Ajlan, to expand...
Startups
Pathao Secures USD 12M in Funding Round
– Pathao raised $12 million in a pre-Series B funding round, bringing its total capital to over $50 million, the...
People
Egypt’s CIB Names Chairman Ezz al-Arab as CEO
– CIB Egypt appoints Hisham Ezz al-Arab as its new CEO, replacing Hussein Abaza, with a tenure set for three...
Money
Saudi Crown Prince Commits USD 5B Investment in Egypt
– Saudi Crown Prince Mohammed bin Salman announced a $5 billion investment in Egypt via the Public Investment Fund (PIF)...
Startups
Seez Secures USD 4.2M to Accelerate US Expansion Plan
– UAE-based automotive SaaS company Seez secured a $4.2 million investment to fuel its expansion into the US market, building...
