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Arab Oil and Gas Sector Attracts $406 Billion in 610 Projects
The Arab oil and gas sector has attracted 610 projects worth $406 billion from January 2003 to May 2024, involving...
Egyptian Fintech Lucky ONE Raises $3M for Regional Growth
Lucky ONE, an Egyptian fintech company, has raised $3 million in convertible note funding to expand its credit platform services...
Egypt’s B2B E-Commerce Leader Cartona Raises $8.1 Million Series A Extension
Cartona raised an $8.1 million Series A extension, bringing total Series A financing to $20.1 million, including $5.6 million in...
ACWA Power Reports 36% Profit Surge in H1 2024, Expands Renewable Portfolio
ACWA Power's net profit for H1 2024 grew 36% to SAR 927 million ($247 million). Operating income rose to SAR...
NVIDIA Acquires AI Platform Brev.dev from Nama Ventures Portfolio
Nama Ventures has announced the acquisition of Brev.dev, a portfolio company, by NVIDIA. Brev.dev, co-founded by Nader Khalil and Alec...
UAE Investment Firm Waha Capital Reports 21% Profit Surge in H1 2024
Waha Capital PJSC saw a 21% rise in net profit attributable to shareholders, reaching AED 205 million for H1 2024....
Egypt and Saudi Arabia Boost Bilateral Relations with Increased Investments
Egypt and Saudi Arabia discussed enhancing bilateral relations, focusing on joint investment efforts. Saudi Arabia plans to increase investments in...
Saudi AI Startup Intelmatix Raises $20 Million in Series A Funding
Intelmatix raised $20 million in a Series A funding round led by Shorooq Partners, with significant investor participation. Founded in...
Educatly Secures $2.5M to Expand Global Higher Education Platform
Educatly raised $2.5 million, led by TLcom Capital and Plus VC, with support from Egypt Venture and HBAN. The platform...
UAE-Based Watermelon Ecosystem Achieves Major Milestone with $4 Million Investment
Watermelon Ecosystem, a UAE-based e-commerce platform for the F&B industry, secured $4 million in Series A funding, boosting its post-money...
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