Startup Spotlight: Rain
In a region where digital asset trading platforms are few and far between, Rain Financial made a strong entry by...
Startups
Startups
Startup Spotlight: Tamara
Tamara, a shariah-compliant buy now, pay later (BNPL) service, is making a significant impact in the regional market. Founded in...
Money
Saudi’s Future Look acquires France’s Calldesk in a $11M deal
Saudi-based AI tech company Future Look, has announced its full acquisition of the French company Calldesk in a deal valued...
Policy
Egypt raises private employees minimum wage to EGP 2,700
Egypt’s National Wages Council (NWC) announced in its meeting headed by Dr. Hala El-Said, Minister of Planning and Economic Development;...
Weekly News Recap
WNR: Here’s what happened in MENA this week
The region’s leading employee benefits platform ,Bayzat, has closed a Series C funding round, raising $25 million. The funding round...
Energy
AD Ports forms joint venture with Kazakhstan’s state energy company
Abu Dhabi Ports Group, the operator of industrial cities and free zones in the emirate, has signed a shareholder agreement...
Markets
Egypt signs $301M loan agreement with Japan to implement 4th metro line
Egypt signed on Tuesday a $301 million loan agreement with Japan as the second tranche of a development financing to...
Startups
Saudi’s Manafa secures $28 million in a Series A round
Saudi Arabia-based debt and Investment company, Manafa announced the closing of its Series A round of SAR 106 million ($28...
Markets
Dubai Aerospace Enterprise secures $800M financing
UAE-based airplane lessor Dubai Aerospace Enterprise (DAE) has signed new senior unsecured term financing deals for a total of $800...
Money
SALIC acquires 35.4% stake in Singapore’s Olam for $1.24B
Saudi Agricultural and Livestock Investment Co (SALIC) has successfully acquired a minority stake of 35.4% in Singapore-based commodity trader Olam...