News
Stay ahead of the curve with the latest business news and startup insights from the Gulf region. Explore the dynamic entrepreneurial ecosystem, emerging trends, and success stories shaping the Middle East's economic landscape.
Exverse Secures $3 Million Investment to Revolutionize Web3 Gaming
Exverse secures a $3 million investment from key players like Cogitent Ventures, marking a significant step in revolutionizing Web3 gaming....
Hub71 Partners with Stride Ventures to Boost Entrepreneurship in Abu Dhabi
Hub71 partners with Stride Ventures to bolster Abu Dhabi's startup ecosystem, offering access to capital and mentorship to fuel innovation...
Saudi Arabia’s budget deficit surges to $22 billion due to increased spending
In 2023, Saudi Arabia managed a budget deficit of 80.9 billion riyals ($21.57 billion) despite lower oil revenue from cuts. ...
Sowt Media Expands Reach with Acquisition of Rising Giants Network
Sowt's acquisition of Rising Giants Network brings a wealth of talent and high-quality content to its portfolio, enhancing the Arabic...
Kema Raises $2 Million Pre-Seed Investment to Revolutionize B2B Payments in the UAE
Kema, backed by $2 million in pre-seed funding, is set to unveil a specialized Software-as-a-Service (SaaS) platform designed to cater...
QSTP-Incubated Startup Holds Life Skills Workshops to Empower Qatari Youth
Muallemi's three-month program provides essential life skills and leadership development for Qatari students aged 14-25. Participants engage through Muallemi's interactive...
MENA Startups Secure $86.5M in January 2024 Funding Round
Startups in the MENA region secured a total funding of $86.5 million in January 2024. The UAE emerges as the...
Wayl Secures $150,000 Pre-Seed Funding from EQIQ Ventures
Iraqi fintech startup Wayl has raised $150,000 in pre-seed funding from EQIQ Ventures. This marks the first investment in an...
Emaar Properties Reports Impressive 70% Profit Surge and $11bn Property Sales in FY2023
Emaar Properties saw a 7% revenue increase to Dhs 26.7 billion ($7.3 billion) and a staggering 70% surge in net...
Rize Raises $2.9M in Seed Round to Transform Saudi Rental Market
Rize secures $2.9 million, reflecting investor confidence in its Saudi Arabian rental market vision. Rize introduces a "Rent Now, Pay...
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