MGX Archives

UAE’s MGX Joins USD 6.6B OpenAI Share Sale

MGX OpenAI completed a deal to help employees sell shares in the company, helping the company reach a USD 500 billion valuation. Current and former OpenAI employees sold about USD 6.6 billion of stock to...

by WAYA Staff - Oct 8, 2025

Startups

Saudi Logistics Startup Logexa Raises USD 2M to Scale Operations

Logexa Saudi-based logistics technology startup Logexa closed a USD 2 million Pre-Series A funding round. The round saw participation from...

by WAYA Staff - Oct 29, 2025

Money

Tabby Hits USD 4.5B Valuation After Secondary Share Sale

Tabby Saudi fintech Tabby confirmed the completion of a secondary sale of shares held by certain existing shareholders. As part...

by WAYA Staff - Oct 29, 2025

Tech

HUMAIN & AirTrunk Ink USD 3B Saudi Data Center Deal

HUMAIN Saudi’s AI company, HUMAIN, and Blackstone-backed AirTrunk, established a partnership to build data centers in the Kingdom of Saudi...

by WAYA Staff - Oct 29, 2025

Startups

Egyptian-Led MidLyr Raises USD 2.5M to Expand in Egypt & Middle East

MidLyr MidLyr, raised USD 2.5 million in pre-seed funding. The round was led by Silicon Badia, with participation from Wedbush...

by WAYA Staff - Oct 29, 2025

Startups

BRKZ Secures USD 30M in Debt to Scale Construction Financing Platform

BRKZ Saudi’s BRKZ secured up to USD 30 million in growth debt from Stride Ventures. The funding aims to reinforce...

by WAYA Staff - Oct 28, 2025

Markets

Oman Launches New Labor Licensing Regulations to Support Employers and Citizens

Oman Oman’s Ministry of Labor issued a comprehensive package of facilitations, reductions, and exemptions related to work permits and work...

by WAYA Staff - Oct 28, 2025

Money

GoldTrack Ventures Launches USD 250M Biotech Fund in Saudi Arabia

Goldtrack Ventures At the Global Health Exhibition (GHE) in Riyadh, Goldtrack Ventures launched its new USD 250 million industrial biotechnology...

by WAYA Staff - Oct 28, 2025

Energy

KarmSolar to Invest USD 110M in Egypt’s Renewable Energy Over 3 Years

KarmSolar KarmSolar plans to invest USD 110 million in renewable energy projects in Egypt over the next three years. In...

by WAYA Staff - Oct 28, 2025

Tech

Cairo Airport Goes Digital with Launch of AI Assistant “Maryam”

Cairo Airport The Egyptian Holding Company for Airports and Air Navigation (EHCAAN) in cooperation with Orange Egypt launched an interactive...

by WAYA Staff - Oct 28, 2025

Tech

Qatar Launches AI-Powered Building Permit System

Qatar Qatar’s Ministry of Municipality launched the AI-Powered Building Permit System. This is under the patronage of Prime Minister and...

by WAYA Staff - Oct 27, 2025

MGX

UAE’s MGX Joins USD 6.6B OpenAI Share Sale

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