UAE-based private market infrastructure platform Zest Equity has raised $4.3 million in a pre-Series A funding round led by Prosus Ventures, with participation from Morgan Stanley Inclusive & Sustainable Ventures (MSISV), it announced today. Founded in 2021 by Zuhair Shamma and Rawan Baddour, Zest Equity originally started as a marketplace to enable secondary share trading ... Read more ›
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Saudi Arabia-based iMENA Group has raised $135 million in a pre-IPO investment led by Sanabil Investments, a wholly owned company of the Public Investment Fund (PIF), the company announced on Sunday. The round also saw participation from global venture capital firm FJ Labs, known for backing marketplace platforms, as well as Saygin Yalcin, the founder ... Read more ›
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Fuze, a UAE-based fintech building financial infrastructure for businesses, has received a Retail Payment Services and Card Schemes (RPSCS) license from the Central Bank of the UAE, the company announced on Monday. The new license will allow Fuze to offer card payment services to businesses across the UAE, enabling them to accept payments, settle transactions, ... Read more ›
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Calo, the Saudi-headquartered foodtech startup, has expanded into the United Kingdom with the acquisition of two local prepared meal delivery brands, Fresh Fitness Food and Detox Kitchen, a UK publication The Grocer reported on Thursday. The UK expansion marks Calo’s first international move outside of the GCC, as the startup looks to build on its ... Read more ›
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Noon, the leading ecommerce platform in the Middle East has partnered with Abu Dhabi-headquartered ADNOC Distribution, the UAE’s largest fuel and convenience retailer, to accelerate last-mile delivery across the country, the two companies announced on Wednesday. As part of the partnership, noon will set up Noon Minutes fulfillment hubs inside ADNOC Distribution service stations, the ... Read more ›
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Homzmart, the Egyptian furniture ecommerce platform, has launched a standalone logistics platform focused on large and bulky shipments. The new company, called Lifters, aims to serve not only Homzmart’s own customers but also third-party businesses across Egypt. The move is led by Homzmart’s co-founder and COO, Ibrahim Mohamed, who has deep experience in logistics. Before ... Read more ›
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Tambi Jalouqa, former CEO of Amman-based pre-seed VC Propeller, has launched Maza Ventures, a new seed fund aimed at backing software and deeptech startups, with a focus on founders from the Middle East and North Africa. The launch comes after he stepped down from Propeller earlier this year, where he spent over eight years and ... Read more ›
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Manara, a platform focused on developing tech talent in the Middle East and North Africa, has entered into a $3.6 million partnership with Amazon Web Services (AWS) to train 2,500 software engineers across the region. The collaboration aims to upskill top software engineers, data scientists, and AI engineers in the region with cloud and AI ... Read more ›
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Sary, the leading Saudi B2B ecommerce marketplace, and ShopUp, Bangladesh’s largest B2B commerce platform, have merged to form Silq Group, creating what they say is the largest B2B commerce platform serving the fastest-growing consumer markets across the Gulf and Emerging Asia, the company announced today. The merger is backed by a $110 million funding round ... Read more ›
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UAE-based fintech ClearGrid has emerged from stealth after raising $10 million in a dual funding round, it announced today. The pre-seed round ($3.5 million) was co-led by Raed Ventures and Beco Capital, while the seed round ($6.5 million) was co-led by Nuwa Capital and Raed Ventures. Additional investors include Aramco’s Waed Ventures, KBW Ventures, Sharaka, ... Read more ›
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UAE-based healthcare fintech startup Klaim has raised $26 million in funding, comprising $10 million in Series A equity funding and $16 million in debt financing, it announced on Friday. The Series A round was led by Saudi-based Mad’a Investment with participation from CDG Invest, the investment arm of Morocco’s Deposit and Management Fund. Founded in ... Read more ›
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Ninja, a Saudi quick commerce startup founded and led by Ebrahim Al-Jassim, the founder of HungerStation is in talks to raise fresh funds at a valuation of over $1 billion, Bloomberg reported on Tuesday. The round, according to the report, could be finalized and closed as early as this month, and is being led by ... Read more ›
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Talabat has acquired InstaShop from Delivery Hero for $32 million, the company announced today. The price is largely symbolic, as the deal is part of an internal restructuring within Delivery Hero. The acquisition was first disclosed last year when Delivery Hero announced plans to take Talabat public on the Dubai Financial Market. The transaction was ... Read more ›
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Fawry, the leading Egyptian payments company, has announced strong financial results for the fiscal year 2024, with revenues reaching EGP 5.51 billion ($121.6 million), up 68.4% year-on-year in local currency (and 14% in USD). The company’s net profit surged 124.6% to EGP 1.61 billion ($35.5 million), reflecting a 52% increase in USD terms, achieving its ... Read more ›
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Tamara has received a license from the Saudi Central Bank (SAMA) to provide consumer finance and buy-now-pay-later (BNPL) services, the central bank announced on Monday. This milestone follows the company’s earlier preliminary approval and makes Tamara one of 65 finance companies now licensed by SAMA. With this official license, Tamara can offer financing solutions exceeding ... Read more ›
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Disrupt.com, a Dubai-headquartered venture builder by the team behind Cloudways, which was acquired by Digital Ocean for $350 million in 2022, has announced a $100 million commitment to build and back AI-first technology ventures globally, bucking the trend of contracting venture capital funding. Founded by two brothers and a cousin; Aaqib Gadit, Uzair Gadit, and ... Read more ›
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Cohere has released Command R7B Arabic, a lightweight multilingual AI model optimized specifically for Arabic language capabilities to support enterprises in the Middle East and North Africa. The new model can be served on low-end GPUs, MacBooks, or even CPUs while offering a 128k context length. Its compact size enables businesses to more easily scale ... Read more ›
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Saudi gaming studio Lobah has raised $12 million from the Social Development Bank (SDB), the bank announced during Leap 2025 in Riyadh. The funding is part of SDB’s expanded support for the gaming and esports sector, aimed at advancing Saudi Arabia’s National Gaming and Esports Strategy. Lobah, according to its website, was formed by combining ... Read more ›
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Instabug, the AI-powered mobile observability platform, has appointed Jim Douglas as its new CEO, with co-founder Omar Gabr transitioning to the role of President, the company announced today. The leadership change comes after Gabr’s 13-year tenure as CEO, during which he helped build Instabug into a leading platform for mobile app performance monitoring and debugging. ... Read more ›
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DHL Ecommerce has acquired a minority stake in Saudi Arabian parcel logistics company Ajex, marking its expansion into the Kingdom’s rapidly growing e-commerce parcel market, the companies announced today. The financial details and the exact size of the stake were not disclosed. The deal represents DHL Eommerce’s first entry into Saudi Arabia, where it will ... Read more ›
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Most popular sources
Business Insider
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31% 14 |
Gizmodo
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9% 0 |
CNET
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6% 3 |
MacRumors
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4% 3 |
Financial Times
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4% 1 |
| View sources » | |
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13.12.2025 05:38
Last update: 05:30 EDT.
News rating updated: 12:30.
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