Artificial Intelligence (AI) is rapidly becoming one of the dominant forms of technology in the world. So it shouldn’t come as a massive surprise that Hazen.ai, a company which specializes in creating intelligent traffic technology which utilizes AI to improve safety on the roads has gotten more investment in...
Alhokair have made an announcement that they will acquire a total of 51% stake in an online fast fashion platform, Vogacloset, based in the UK and provides her services to the Middle East.
The company is a franchise retailer in Arabian Centres Company (ACC) and Saudi Arabia. It is also...
Egypt-based Contactcars, the lead automotive marketplace has announced their acquisition of Sa4ar Technology Solutions which is known for providing car valuation technology and a dealer-specific auction platform.
Contactcars.com is a subsidiary of Contact Financial Holing and they’ve been constantly evolving and looking for new opportunities to arise which will provide...
The Abu Dhabi-based sovereign investor Mubadala has finally invested about $75M in 5-year pre-IPO convertible bonds of Telegram. Telegram is an open-source popular social media platform mainly known for its security-focused services over other popular social media.
The investment and partnership aimed at creating a new collaboration of opportunities between...
NOW, the Dubai-based fintech has already raised about $7M in a fresh fund round which was announced today. The round was led by Anthemis Exponential Ventures and was joined by investors including Wamda Commercial Bank of Dubai, Accion Venture Lab. Hambro Perks’ Oryx Fund, Knuru Capital, DIFC FinTech Fund,...
The QSTP, Qatar Science & Technology Park which is a part of QFR and QF RDI has recently signed an MoU with Innovation Café. The Café provides a lot of innovation related to development and configuration thinking studio arrangement which intends to give the correct chances, direction, and backing...
Investcorp Technology Partners aka ITP from Bahrain of their acquisition of all of the business and assets of MIR Limited which is the UK-based FinTech startup company. The startup works with innovative and award-winning payment platforms along with operating with e-wallet solutions as well.
Founded back in 2016, MIR Limited...
Supy, the popular UAE-based B2B food marketplace has managed to raise about $1.5M in a Pre-Seed funding round. This latest Pre-Seed Funding round was co-led by UAE-based investor COTU Ventures and US-based Valia Ventures, marking their first investment in MENA.
Supy was founded by CEO Dani El-Zein, previously COO at...
Qatar's one and only popluar fish commercial center Fish.qa has declared its successful seed round. The startup has made it simple for clients to buy several varieties of fish in only a couple of clicks and have them delivered to their doorstep through its online platform. Having been established...
DUBAI, UAE – Ruya, the pioneering digital Islamic bank, and Ignyte, the government-backed startup ecosystem, have officially forged a strategic partnership. This collaboration aims to accelerate innovation across the UAE by integrating Ruya’s Shari’ah-compliant digital banking expertise with Ignyte’s comprehensive support for entrepreneurs.
The UAE continues to lead the MENA...
