News Inc.Arabia Staff Egypt Devalues its Currency for the Fourth Time in Two Years Following the CBE's announcement, the Egyptian pound hit a fresh low record against the US dollar, recording EGP 45 on March 6th.
News Inc.Arabia Staff Moyasar Closes Seed Investment Round The investment will support Moyasar in creating new solutions.
News Inc.Arabia Staff Buildnow Raises $9.4 Million in Seed Funding With the new funding, Buildnow aims to unlock untapped growth opportunities.
News Inc.Arabia Staff Zain KSA Launches Zain Clinic This collaboration integrates a remote medical consultation service.
News Inc.Arabia Staff E& Enterprise Rebrands UAE Trade Connect to haifin The platform's newest brand focuses on fraud detection.
News Inc.Arabia Staff Saudi NTDP-backed Start-ups Secure Deals Worth $750 Million These investments represented more than 50% of the total investment in the kingdom last year.
News Inc.Arabia Staff Kuwait Introduces Its First Bank-Led Digital Marketplace The KIB PayTally App, with its Islamic banking solutions, provides customers with a platform to fulfill their diverse financial needs within one integrated ecosystem.
News Inc.Arabia Staff DeepFest Kicks Off with Debut of a Humanoid Robot The four-day event will wrap up on March 7th.
News Inc.Arabia Staff Facebook and Instagram Logins Restored Users can now access meta platforms after a few hours of downtime.
Startup Inc.Arabia Staff FanZ Raises $1.5 Million in Pre-Seed Investment Round In the 15 months since its launch, FanZ has managed to gain 2 million users.
News Inc.Arabia Staff Aramco Unveils AI Model, SAIL to Boost Digital Economy aramcoMETABRAIN stands out as an industrial-grade generative AI model, drawing from 90 years of Aramco's data to revolutionize cognitive applications across operations.
News Inc.Arabia Staff Bolt Launches in Egypt Bolt is introducing its services with a 50% discount for all riders. Furthermore, the company is offering a 15% commission to drivers as a bonus.
News Inc.Arabia Staff Fawry, PayMe Partner to Streamline Transactions for Expats This partnership will enable Egyptian expats to manage various payments remotely.
News Inc.Arabia Staff Extend Group and Rassanah Financial Unveil $27 Million Fund The fund is expected to help foster innovation and advancement across various education, training, arts, and culture sectors.
News Inc.Arabia Staff AWS to Launch an Infrastructure Region in KSA Amazon's forthcoming AWS Region will comprise three availability zones upon its launch.
News Inc.Arabia Staff Khazna Taps Into the Saudi Arabian Market Khazna, a Cairo-based financial super app, is entering a strategic collaboration with Khwarizmi Ventures (KV), a venture capital fund based in KSA.
News Inc.Arabia Staff KSA's Salla Raises $130 Million Pre-IPO Investment Investcorp spearheaded the round in partnership with Sanabil Investment.
News Inc.Arabia Staff Flyby, Terra Partner to Optimize Last-Mile Delivery With access to a comprehensive network of strategically positioned battery-swapping stations powered by Terra, delivery riders will enjoy seamless access to power, ensuring uninterrupted service and minimizing downtime.
News Inc.Arabia Staff Last Week in Funding (26 February- March 3) Last week in funding is our weekly roundup of raises by startups in MENA and the GCC.
News Inc.Arabia Staff Aramco Finalizes Acquisition of Esmax This milestone transaction marks Aramco's first foray into the downstream retail segment in South America.
News Inc.Arabia Staff Organon, Flat6Labs Launch 2nd Women's Health Accelerator For those interested in participating in the second edition of the Women's Health Accelerator Program, applications are open until May 16th.
News Inc.Arabia Staff Talabatcom Closes Seed Investment Round In February 2022, Talabatcom announced the closing of its pre-seed investment rounds.
News Inc.Arabia Staff Elon Musk Files Lawsuit Against OpenAI and Sam Altman Musk claims the company behind ChatGPT has diverged from its original, nonprofit mission by partnering with Microsoft for $13 billion.
Startup Inc.Arabia Staff CAI Concierge AI Wraps Up New Investment Round Established in 2023 by Alimhan Nurekenov, CAI Concierge AI offers AI-driven support solutions to enterprises, aiming to optimize processes and boost efficiency for business owners.
News Inc.Arabia Staff 3 Questions Great Leaders Never Ask Your leadership communication can empower, or it can deflate. Follow this communication guide to build a stronger team.
News Inc.Arabia Staff Dubai Launches SheTrades Hub to Empower Women Entrepreneurs The SheTrades MENA Hub aims to serve as a pivotal resource center, equipping women entrepreneurs with essential business skills.
News Inc.Arabia Staff Deus X Capital Set to Acquire HAYVN HAYVN, known for its over-the-counter (OTC) and custody platform for digital currencies, has been seeking investors for a Series B funding round with intentions to eventually go public.
News Inc.Arabia Staff IHC Names GCC First AI-Powered Board Member This is the first artificial intelligence (AI)-powered observer on Abu Dhabi's International Holding Company's (IHC) board of directors.
News Inc.Arabia Staff COTU Ventures Launches $54 Million Fund to Back Startups COTU Ventures is dedicated to supporting visionary founders from inception to post-product launch.
News Inc.Arabia Staff Cloud Shelf Raises $3.77 Million in Pre-series A Cloud Shelf will use the funds to enhance its growth by acquiring a larger customer segment by doubling its expansion into new market sectors.
News Inc.Arabia Staff CoreVision Acquires VeFund to Empower Startups Through this collaboration, CoreVision aims to harness VeFund's AI capabilities to empower startups.
News Inc.Arabia Staff Acasia Ventures Invests in Kenya’s tappi The funding resources will help the startup expand in Africa and beyond.
News Inc.Arabia Staff Saudi-Based Glamera Secures $350,000 Investment For Glamera, the investment will back its plans to fuel expansion and innovation.
Startup Inc.Arabia Staff MoneyHash Secures $4.5 Million in Seed Funding MoneyHash is headquartered in New York City with a diverse team spanning nine countries globally.
News Inc.Arabia Staff Qatar Unveils New Venture Capital Program With a substantial commitment exceeding $1 billion, the Fund of Funds initiative aims to propel both local and international venture capital endeavors.