Agility Global to Invest in New Fund Supporting Startups in MEA
– Abu Dhabi-listed Agility Global plans to invest in a new fund, managed by Dubai-based Global Ventures, aimed at providing...
Money
Startups
Saudi Arabia’s Quantum Secures USD 7M Pre-Series-A Investment from HearstLab
– Quantum secures $7 million Pre-Series-A funding** from HearstLab, marking the investment firm’s first move into the Middle East tech...
Startups
Egyptian Startup UBR VR Among Finalists for NBA Africa Startup Accelerator
– Egyptian startup UBR VR has been selected as a finalist for the NBA Africa Startup Accelerator, offering immersive virtual...
Money
GCC Sovereign Wealth Funds Invest USD 55B in 2024
– GCC sovereign wealth funds (SWFs) invested $55 billion across 126 transactions in the first nine months of 2024, representing...
Startups
Saudi-based Al Menu Secures USD 10.3M Funding
– Al Menu secured 38 million Saudi Riyals (USD 10.3M) in funding, led by Al Majdiah Investment, to expand its...
Energy
Egypt Unveils 61 Investment Opportunities in Oil and Natural Gas Sector
– Egypt hosted a workshop presenting 61 investment opportunities in oil and gas exploration, with focus areas including the Mediterranean,...
Startups
EBRD Invests USD 3M in Ibtikar Fund II
– The European Bank for Reconstruction and Development (EBRD) has invested USD 3 million in Ibtikar Fund II, marking its...
Money
Amplify Growth Partnership Announces its Growth Debt USD 100M Fund Launch
– Amplify Growth Partnership has introduced a $100 million fund to provide debt capital to technology-focused companies across the MENA...
Markets
FRA Greenlights Egypt’s First Acquisition-Focused Venture Capital Firm
-The Financial Regulatory Authority has officially sanctioned the establishment of Catalyst Partners Middle East, Egypt’s first venture capital firm specializing...
Money
UAE Climate Tech Startup Coral Raises USD 3M in Seed Funding
– Coral, a UAE-based climate-tech startup, raised $3 million in seed funding to expand its AI-driven carbon management and offsetting...