Wamda

Kuwait

ZainTech acquires UAE-based Adfolks

UAE-based ZainTech, part of telecoms provider Zain Group, has acquired cloud-native engineering firm, Adfolks. The acquisition is...

ZainTech Adfolks

Jordan

UAE’s EDGE acquires majority stake in MARS Robotics

UAE-based advanced technology and defence group EDGE, has acquired a majority stake (80 per cent) in Jordanian autonomous robotic...

Edge Mars Robotics

U.A.E

Australia’s RTE acquires Galaxy Racer, rebrands new entity as Celestial

Australia-based Riva Technology and Entertainment Limited (RTE), a subsidiary of MSM Corporation International Limited, has fully...

RTE Galaxy Racer GXR

U.A.E

Reef launches $10 million Web3 accelerator programme

UAE-based defi blockchain startup Reef, has launched a $10 million accelerator programme for Web3 projects building on the Reef...

Web3

U.A.E

Silicon Valley’s Plug and Play invests in UAE’s Clara

UAE-based legaltech startup Clara has received an undisclosed investment from Silicon Valley’s innovation platform “Plug and...

Legaltech Clara Plug and Play

U.A.E

UAE-based fintech TWIG raises seven-figure pre-Seed round

UAE-based fintech TWIG has secured an undisclosed pre-Seed round "exceeding $1 million", backed by Phoenician VC, MMK Capital,...

TWIG Fintech DIFC

U.A.E

Belgium’s Deliverect acquires UAE’s ChatFood

Belgium-based food delivery software provider Deliverect has acquired UAE-based foodtech ChatFood, for an unknown amount. Founded in...

Deliverect ChatFood f&b

U.A.E

MBZUAI partners with OurCrowd Arabia to accelerate AI growth in UAE

The UAE’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has signed an MoU with Israeli VC fund OurCrowd, to...

MBZUAI OurCrowd AI

U.A.E

The Digital Hotelier raises pre-Seed round for product development

UAE-based traveltech startup The Digital Hotelier has secured a six-figure pre-Seed round from Select Ventures Holding, alongside a group...

the Digital Hotelier

U.A.E

UAE corporate tax: what startups need to know

Rayhan Aleem is the founder of Alpha Pro Partners, a UAE-based accounting firm focused on the tech sector. The UAE has long been a...

corporation tax

U.A.E

e& enterprise acquires majority stake in Beehive

UAE-based “e& enterprise” has acquired a majority stake in the UAE’s crowdfunding platform Beehive, for a...

e& enterprise beehive Crowdfunding

U.A.E

SQUATWOLF raises $30 million from ASCA Capital

UAE-based direct-to-consumer e-commerce brand SQUATWOLF, has raised $30 million in investment from ASCA Capital Limited with a...

gymwear D2C SQUATWOLF

Bahrain

Tarabut Gateway closes $32 million Series A round

Bahrain-founded and UAE-based fintech Tarabut Gateway has closed a $32 million Series A round, led by Pinnacle Capital, with...

U.A.E

B2B e-commerce Eighty6 raises $3.7 million Seed round

UAE-based e-commerce platform Eighty6, has raised $3.7 million in a Seed round, from Sanabil 500 MENA Seed Accelerator Fund, a few GCC...

Eighty6 f&b E-commerce

U.A.E

How two founders turned their frustrations into a startup

For Ibrahim Abudyak and Hiba Balfaqih, it was utter frustration with the state of their lives and mental health that led to the...

Smash Room Failure

U.A.E

GEM raises investment commitment in Everdome metaverse to $60 million

GEM Digital Limited (GEM), a Bahama-based digital assets investment firm, has increased its investment commitment in UAE-based metaverse...

Everdome

U.A.E

Flyksoft raises $55,000 Seed round

UAE-based booking software provider Flyksoft has raised $55,000 in Seed funding from angel investors. Founded in 2023 by Mohammad...

Flyksoft SAAS

U.A.E

Intellia launches AI-driven vetting and project delivery platform

Intelllia, a provider of analytical and strategic support for investment and finance institutions, and corporate business development...

Intellia

U.A.E

e& acquires majority stake in Careem’s Super App for $400 million

UAE-headquartered communication firm e& (formerly Etisalat) has acquired a 50.03 per cent stake in Careem’s Super App spinout...

e& Careeem super app

U.A.E

The UAE raises tax threshold for startups

The UAE’s Ministry of Finance has raised the minimum threshold for corporate tax from $100,000 (AED375,000) to $816,000 (AED3...

uae Tax law entreprenership

U.A.E

Scalo Technologies moves HQ to UAE, plans to invest $100 million in Mena startups

Singapore-based VC firm Scalo Technologies has moved its headquarters to Dubai, with the intention to invest $100 million in promising...

Scalo Technologies Venture Capital

U.A.E

Secondaries and liquidity: The investor’s access and the founder’s dream

Zuhair Shamma is the co-founder of UAE-based Zest, an equity management platform Have you ever wondered why we were able to...

Zest secondary market

U.A.E

Making a case for Abu Dhabi

Ryaan Sharif is the general manager at Flat6Labs UAE “The backbone of the world economy.” Read any article about startups...

Flat6Labs abu dhabi

U.A.E

Abu Dhabi’s G42 acquires stake in TikTok owner ByteDance

Abu Dhabi investment firm Group 42 (G42) has acquired a $100 million stake in Chinese internet company ByteDance, owner of the social...

G42 TikTok ByteDance

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