Shorooq Archives

UAE’s Presight & Shorooq Launch USD 100M Fund to Back Global AI Startups

Shorooq Abu- Dhabi based Presight and Shorooq launched a global AI innovation fund named Presight–Shorooq Fund I. The fund aims to invest USD 100 million in the next generation of AI breakthroughs. Founded in 2017,...

by WAYA Staff - Sep 23, 2025

Markets

Dahab Masr Becomes North Africa’s First RJC-Certified Gold Trader

Dahab Masr Dahab Masr has made history, becoming the first company specializing in gold and silver bullion trading and marketing...

by WAYA Staff - Sep 26, 2025

Startups

Saudi’s DOO Secures USD 1.7M to Transform AI Customer Experience in GCC

DOO Riyadh-based DOO secured USD 1.7 million in a funding round. The round was led by Merak Capital with participation...

by WAYA Staff - Sep 25, 2025

Startups

US-Based Emergent Secures USD 23M to Bring Agentic AI App Builder to MENA

Emergent US-based Emergent raised USD 23 million in a Series A funding round led by Lightspeed. Founded in 2025 in...

by WAYA Staff - Sep 25, 2025

Money

PayPal Commits USD 100M to Fuel Digital Growth in MENA and Africa

PayPal PayPal Holdings, Inc., the online payment system, announced a commitment to invest USD 100 million throughout the Middle East...

by WAYA Staff - Sep 25, 2025

Markets

MNT-Halan Rolls Out Fully Digital Secured Lending Solution

MNT-Halan MNT-Halan, Egypt’s leading fintech platform, introduced the country’s first secured lending solution from a non-banking financial institution. The service...

by WAYA Staff - Sep 25, 2025

Startups

Jordan’s MADA Secures USD 1.55M to Expand BNPL Services

MADA Jordan-based fintech MADA secured USD 1.55 million in a pre-seed funding round. The round was led by Vision Ventures...

by WAYA Staff - Sep 25, 2025

Markets

Luciq Rebrands from Instabug to Lead a New Era of Mobile AI

Luciq Instabug, the Cairo-born startup known for its bug reporting tool, has officially rebranded as Luciq. The move marks more...

by WAYA Staff - Sep 24, 2025

Markets

Saudi Prepares to Allow Foreign Investors Majority Stakes in Listed Firms

Saudi Saudi Arabia is preparing to introduce a landmark reform to its equity market by allowing foreign investors to hold...

by WAYA Staff - Sep 24, 2025

Tech

Prince Al Waleed Bin Talal Raises Snapchat Stake to 2.8% with USD 133.5M

Snapchat Prince Al Waleed Bin Talal has increased his investment in Snapchat (Snap Inc.). by purchasing 15.2 million shares. This...

by WAYA Staff - Sep 24, 2025

Startups

ADIA Joins USD 140M Round for US- Based AI Firm Empower Semiconductor

Empower Semiconductor US-based Empower Semiconductor raised over USD 140 million in Series D financing. The round was led by Fidelity...

by WAYA Staff - Sep 24, 2025

Shorooq

UAE’s Presight & Shorooq Launch USD 100M Fund to Back Global AI Startups

Sign up for our newsletter