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Beltone and CI Venture Capital Partner to Power MENA Startups
Beltone Venture Capital (BVC) partners with CI Venture Capital to manage a $30 million fund for MENA startups. The Fund...
Bloomberg reports that Saudi Arabia’s NEOM plans to raise $1.3 billion from its first-ever sukuk sale
NEOM plans to raise SAR 5 billion through its inaugural sukuk sale to support $1.5 trillion construction projects. HSBC Holdings,...
Microsoft invests $1.5 billion in UAE’s G42, securing a minority stake in the company
Microsoft and G42 collaborate to deliver advanced AI solutions across the Middle East, Central Asia, and Africa using Microsoft Azure....
GDA Capital invests $850,000 in U-topia, pioneering Web3 entertainment with integrated IPs, NFTs, and retailer perks
GDA Capital invests $850,000 in U-topia, backing its innovative approach to blockchain-based IP licensing. U-topia pioneers Web3 entertainment, combining GameFi,...
Penny Software secures Pre-Series A funding, poised for global expansion
Penny Software secures substantial Pre-Series A funding from prominent investors, including Iliad Partners, GSI, and Knollwood Investments. Existing investors, such...
Knowledge Economic City Co. Secures Major Contracts Worth Nearly $78 Million for Al-Alya Project, Enhancing Madinah’s Appeal
Knowledge Economic City Co. sealed SR 288.6 million ($78 Million) in deals with Elkhereiji Commerce and Contracting Co. for residential...
Steady Growth Expected: MENA Banks Forecasted to Deliver Stable Earnings in Q1 2024
MENA banks predict minimal net income changes in Q1 2024 with 72% anticipating higher YoY earnings. Saudi banks lead with...
Bahrain’s Economy Flourishes with 2.4% GDP Surge Driven by Non-Oil Sectors
Bahrain's GDP grew by 2.4% in 2023, reaching BD13.6 billion ($40 billion). Non-oil sectors showed notable growth: the hotel and...
Indian Energy Firm Secures $600 Million Funding with UAE Wealth Fund’s Support, Accelerating Growth
JSW Energy has completed a Rs 50 billion share sale, which was oversubscribed by 3.2 times, marking India's largest primary...
Saudi Attracts Nearly Half of MENA’s Q1 Investment Funding
Saudi startups lead MENA funding, securing nearly half of the $429 million raised in Q1, highlighting the Kingdom's growing influence....
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