Startup Inc.Arabia Staff Egyptian Beauty Startup Mira Secures $200,000 in Investments Mira envisions a customer base of 100,000 clients by the close of 2024, anticipating a high demand for Mira's products, particularly among young girls.
News Inc.Arabia Staff Reddit Gears Up for IPO Launch in March This IPO marks the first for a major social media company since Pinterest's debut in 2019.
News Inc.Arabia Staff KSA Invests $590 Million in Magic Leap's VR Headset The US-based company is developing a virtual reality headset to rival Apple's Vision Pro goggles.
News Inc.Arabia Staff Oman Investment Authority Launches $5.2 Billion Fund The Future Fund Oman is designed to support economic diversification initiatives.
News Inc.Arabia Staff AfDB Injects $10.5 Million into Seedstars Africa The African Development Bank (AfDB) has committed $10.5 million to Seedstars Africa Ventures, a venture capital fund targeting high-potential companies in Sub-Saharan Africa.
News Inc.Arabia Staff Altman Eyes G42 to Secure Funds for AI Chip Factories Altman aims to utilize the funds to establish a network of semiconductor factories, known colloquially as fabs.
News Inc.Arabia Staff Saudi Wosul Clinches Best Innovative E-Payments Facility In 2023, Wosul secured $3.2 million in a seed round led by Khalab’s company along with a group of angel investors in fintech and retail.
News Inc.Arabia Staff Telecom Egypt Receives First 5G License in Egypt The issuance of the 5G license comes with a substantial investment of $150 million and will be valid for 15 years.
News Inc.Arabia Staff Tumodo Secures $35 Million in Pre-Seed Funding Tumodo plans to extend its platform's reach to an additional 25 countries globally by 2026.
News Inc.Arabia Staff Qatar Set to Launch First Green Bond "Very Soon" The Gulf state has not issued Eurobonds since early 2020.
News Inc.Arabia Staff Plus500 Secures UAE’s Regulatory Approval Plus500 known for sponsoring major sports teams such as the Chicago Bulls and European football clubs BSC.
News Inc.Arabia Staff Bank Muscat Unveils $390M Investment Fund for GCC Banks The Central Bank of Oman (CBO) has granted in-principle approval for the establishment of the SIP.
News Inc.Arabia Staff Abu Dhabi Commercial Bank Receives Green Light to Establish KSA Branch This move is poised to enhance ADCB's regional presence and contribute to the bank's overall growth trajectory.
News Inc.Arabia Staff Aramco Boosts Global VC Strategy with $4 Billion Infusion This capital boost propels Aramco's overall venture capital allocation to $7.5 billion.
News Inc.Arabia Staff Qsalary Launches Electronic Wallet This move follows the recent appointment of Mansour Al-Shuaibi as the CEO of the platform.
News Inc.Arabia Staff Saudis Eyes ‘Sizeable’ Investment to Enter Semiconductors The PIF plans to control $1 trillion in assets by 2025.
News Inc.Arabia Staff QSTP-Backed Droobi Health Merges with India’s Smit.fit Droobi and Smit.fit have already reached around 40,000 users since their inception.
News Inc.Arabia Staff Vodafone, Microsoft Forge 10-Year Alliance for AI Services The strategic partnership involves a substantial financial commitment, with Vodafone pledging to invest $1.5 billion over the next decade in cloud services.
News Inc.Arabia Staff Egypt’s Paymob Secures Fintech License in Oman Paymob will accept and process online as well as in-store payments in Oman.
News Inc.Arabia Staff UAEs’ Silkhaus Secures Multi-Million Pre-Series A Financing This round is earmarked to fuel the company's expansion plans.
News Inc.Arabia Staff OKX ME Fintech FZE Granted VASP License by Dubai’s VARA When it is operational, OKX Middle East will be able to provide regulated virtual asset exchange services.
News Inc.Arabia Staff Intella and Deepgram to Develop Inclusive Language Product Intella and Deepgrams’ project will cater to over 30 languages, including Arabic and its diverse set of 25+ dialects.
News Inc.Arabia Staff Nutanix to Showcase Hybrid Multicloud Computing Vision in Egypt in Jan The conference will be attended by a group of its international partners and leaders in the data center technology industry.
News Inc.Arabia Staff Ezdehar Management Seals $10 Million for Stake in Yodawy The Egyptian pharmatech has ambitious expansion plans.
News Inc.Arabia Staff ADQ, ADNEC Acquire 40.5% stake in TMG's ICON The acquisition will be executed through a special-purpose vehicle.
News Inc.Arabia Staff IMI Names New Chief Brand and Marcomms Officer Both appointments will see them reporting directly to Rani R. Raad, the Group’s Chief Executive Officer.
News Inc.Arabia Staff Global Leaders Convene at World Economic Forum 2024 in Davos The forum kicked off on January 15th and will last until the 19th.
News Inc.Arabia Staff Egypt-based Fintech Zeal Secures $4 Million in Funding Round Zeal aims to enhance in-store customer engagement and payment intelligence across Europe, Middle East, and Africa.
News Inc.Arabia Staff AI Expected to Impact Up to 40% of Jobs Worldwide: IMF The impact could be even more profound in advanced economies, with figures reaching 60%.
News Inc.Arabia Staff Huawei Cloud Organizes "Egypt Internet Innovation Forum" The Forum aimed at bolstering Egypt's digital transformation by leveraging the technological prowess of its data centers.
News Inc.Arabia Staff Saudi Premium Residency Center Launches 5 New Products These products offer an array of benefits, including access to high quality education, healthcare, and business opportunities within the Kingdom.
News Inc.Arabia Staff Saudi Arabia Partners with Newlab in Energy, Logistics As part of the agreement, Newlab will establish its headquarters in KSA.
News Inc.Arabia Staff Thmanyah Transforms into Media-Tech Company Founded in 2016, Thmanyah has a portfolio of over 20 products spanning articles, newsletters, documentaries, and podcasts covering various topics.
News Inc.Arabia Staff UAE Unveils New $41 Million Fund for Content Creators The fund's broader objective is to attract investment in the new media landscape.
News Inc.Arabia Staff Seedstars Africa Raises $30 Million for Pan-African Fund Seedstars' new fund will target Francophone Africa.