Funding

NFT marketplace Nuqtah raises Seed round

Nuqtah, Saudi Arabia’s non-fungible token (NFT) marketplace platform, has raised a seed round of funding…

Abu Dhabi Investment Authority (ADIA) to invest $500m in India’s Lenskart

Abu Dhabi Investment Authority is investing $500 million in India’s Lenskart, an online retailer for eyewear,…

Oman Technology Fund invests in edtech startup Shape

The Oman Technology Fund has been actively investing in North African startups, from the recently…

Dubai’s in5 startup incubator raised more than Dh2.4bn in 2022

Start-ups enrolled with in5, the incubator under Dubai’s Tecom Group, have raised more than Dh2.4 billion…

The Chinese tech giant Huawei will continue to invest in Saudi Arabia, President Yi says

President for the Middle East and Central Asia, Steven Yi, has confirmed the Huawei company’s…

Sendmarc has secured $7 million in funding to support its efforts in enhancing internet safety

Sendmarc, a prominent player in email and domain security, has successfully secured $7 million in…

Hub71 launches new initiative to fund Web3 startups

Hub71+ Digital Assets, a dedicated Web3 specialized ecosystem, has been formed by Hub71, Abu Dhabi’s…

The World Bank and the Abu Dhabi Fund have announced their intention to jointly invest $1.5 billion in the energy transition

The World Bank’s investment arm, International Finance Corporation (IFC), will sign an MoU with the…

Huawei has announced plans to invest $400 million in the establishment of a cloud region in Saudi Arabia

During the LEAP 2023 event, Huawei Cloud announced its intention to launch a cloud region…

STV, a Saudi Arabian company, has established Total Growth platform with a funding of $150 million

STV, a Saudi Arabia-based investment firm, has announced the launch of its Total Growth platform…