Funding

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…

Microsoft is set to broaden ChatGPT access

Microsoft Corp announced on Monday that it is expanding access to extremely popular software from…

Flyby completes $1 million seed round

Flyby, a Dubai-based smart delivery box and mobile digital out-of-home (OOH) advertising company has announced…

Crowdfunding platform Manafa secures $28m Series A round

The top debt and investment firm Manafa announced the completion of its Series A round,…

Sheraa teams up with Canada-based incubator DMZ to empower Sharjah startups into NA

The DMZ and the Sharjah Entrepreneurship Center (Sheraa) have established a partnership that will enable…

AtarCloud raises $1.3 million Seed round

AtarCloud announced the closing of a $1.3 million seed investment round with the participation of…

UAE-based HR technology startup Bayzat raises $25m

UAE-based HR and payroll software startup, Bayzat, raised USD 25 million in a Series C…

South Korea’s Mirae Asset to invest $72 m in Space X in January 2023

According to regulatory papers made on Friday by the firms, affiliates of the South Korean…