Mechanism Capital Archives

UAE-based Web3 gaming platform GAM3S.GG closes US$2m seed funding round

The UAE-based Web3 gaming platform GAM3S.GG, formerly Polkastarter Gaming, announced it closed a $2 million Seed funding round, according to the company. Mechanism Capital led the investment fund with the participation of Polygon, Double Peak, ArkStream Capital, LD...

by WAYA Staff - Sep 10, 2023

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...

by WAYA Staff - Sep 18, 2024

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...

by WAYA Staff - Sep 18, 2024

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...

by WAYA Staff - Sep 18, 2024

Startups

Kenzz Launches Kenzz TV: A New Era of Video-Driven E-Commerce in Egypt

Kenzz, an e-commerce platform catering to the mass market in Egypt, has launched Kenzz TV, a revolutionary video shopping feature...

by WAYA Staff - Sep 18, 2024

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...

by WAYA Staff - Sep 17, 2024

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...

by WAYA Staff - Sep 17, 2024

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)...

by WAYA Staff - Sep 17, 2024

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...

by WAYA Staff - Sep 17, 2024

Startups

Riyadh-based UmrahCash Secures USD 500K Investment From Adaverse

– UmrahCash, a Riyadh-based fintech startup, has secured $500,000 in investment from Adaverse Venture Fund to modernize the traditional Umrah...

by WAYA Staff - Sep 16, 2024

Startups

SMEs Represent 90% of Saudi Arabia’s Industrial Sector, Says Minister

– Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef highlighted that SMEs make up 90% of the industrial sector...

by WAYA Staff - Sep 16, 2024

Mechanism Capital

UAE-based Web3 gaming platform GAM3S.GG closes US$2m seed funding round

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