Mubadala, Abu Dhabi's prominent sovereign wealth fund, is reportedly in advanced discussions to significantly increase its investment in Revolut, the UK-based digital banking and payments powerhouse. The potential deal, valued at approximately US$100 million (£78 million), would see Mubadala acquire an additional stake in Revolut, which is now commanding...
iKcon, a Dubai-based Cloud Kitchen Platform was founded by Khalid Baareh, the current CEO, and Kareem Abughazaleh, the COO of the platform back in 2019 and it’s the lead cloud kitchen service across the Middle East. They procure and delivers food on behalf of the restaurants and other brand...
Enhance Fitness, the popular Dubai-based on-demand personal training platform has announced today that they’ve successfully managed to raise about $3M in a Series A funding round. This latest Series A funding round was led by Global Ventures which is a UAE-based regional-focused venture capital firm.
Enhance Fitness was founded back...
The popular KSA-based B2B marketplace, Sary has raised a $30.5M Series B round. The marketplace associates private companies with an organization of wholesalers and assembling brands through online tools like web interfaces and mobile apps and that’s not all. The round was led by VentureSouq (VSQ), with the support...
The UK-based ride-hailing application UVA is dispatching its expansion in Egypt next month and is set to mix rivalry in the nation's ride-share market. The platform was established by Ibrahim Aldaajani, UVA flaunts a set-value highlight in requesting a ride through their application, vowing to take out unnecessary charges...
Zid has successfully raised about $7M in a Series A funding round. This KSA-based eCommerce platform was able to raise 26M SAR which was led mainly by Global Ventures along with other existing investors that includes Arzan VC and Elm.
But this wasn’t the first investment Zid had received. In...
The popular Arabic conversational AI platform from Jordan, Xina AI has managed to raise a $1M seed round and it was announced today. The seed round was led by Jordanian angel investors and a Qatari family office. The platform works by automating customer support queries with the world’s first-ever...
Bahrain houses various accelerators that have given birth to not only tens but hundreds of start-ups across the country. The fast-growing start-up scene in Bahrain has been supported by the country's initiative to get people connected to the internet. 98% of Bahraini citizens already use the internet which is third in...
Egypt's Information Technology Institute (ITI) has joined forces with Google to dispatch the Machine Learning Developer, which hopes to qualify 30K programmers, college students, and software engineering graduates on Artificial Intelligence (AI) and Machine Learning backgrounds to make the team even greater. With literally a horde of APIs, Google...
Iranian start-ups have certainly endured a difficult time with 4 years of sanctions, currency devaluations, economic problems and COVID-19. Some companies still operating and thriving in the digital ecosystem founded by women worth noting.
Takhfifan
This start-up initially started as a clone of Groupon and over time has come to it’s...
