Startup

Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait

the financial - 21 February, 2025

RIYADH: Saudi utility giant ACWA Power has strengthened its portfolio by acquiring a $693 million stake in power generation and water desalination companies in...

India may hike GST on cigarettes, tobacco products after compensation cess ends: Report

the financial - 21 February, 2025

Currently, cigarettes and tobacco products attract a 28 percent GST, in addition to a compensation cess and other levies, taking the total indirect tax...

HP Telecom India, Swasth Foodtech IPOs open for subscription today

the financial - 21 February, 2025

On February 28, HP Telecom India will make its debut on the NSE Emerge, while the trading in Swasth Foodtech shares will commence on...

Startup

PalmPay and Jumia partner to develop Nigerian digital payment ecosystem

the financial - 24 December, 2024

In an attempt to grow the use of the cashless economy, operator of Nigeria's most used mobile wallet PalmPay has partnered with African e-commerce...

Startup

Tech-savvy Saudis push consumer fintech to new heights

the financial - 20 December, 2024

Saudi Arabia’s tech-savvy population is pushing consumer fintech to new heights, with innovations such as buy now, pay later gaining significant traction, according to...

Startup

New regulation to attract start-ups, global fintech: CBUAE

the financial - 26 June, 2024

The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global fintech businesses and create an...

Startup

Gaming startups can make the world a better place, says tech investor

the financial - 27 May, 2024

Middle East startups in the booming gaming industry have the power to drive positive real-world impact, and a prominent tech investor says they should...

Startup

Tabby announces pre-IPO $700 million debt facility from J.P. Morgan

the financial - 26 February, 2024

UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a $700 million debt financing round from J.P. Morgan, ahead of its planned initial public offering...

Startup

UAE’s metaverse startup Nümi raises $20 million from Venom Ventures Fund

the financial - 26 February, 2024

UAE-based metaverse startup Nümi has raised $20 million from Venom Ventures Fund (VVF), a newly launched $1 billion VC fund born out of Venom...

Startup

XDFi, World’s First Compliant Decentralized Futures Protocol, to Launch on Flare Network

the financial - 26 February, 2024

Flare, the blockchain for data, has announced a partnership with Sindric Solutions to launch XDFi, a new decentralized futures protocol created by Wall Street...

Startup

Crypto Startups Raised $201.4M in Venture Funding Last Week, Led by Infrastructure

the financial - 3 August, 2023

The largest fundraises for the week belonged to metaverse startup Futureverse and RISC Zero, which creates developer tools for zero-knowledge proofs. Venture capital and investment...

Startup

Fenix Games Announce Technology to Bring World-Class IP Games to Web3

the financial - 20 July, 2023

Today, games publisher Fenix Games and Horizon Blockchain Games, a web3 gaming and infrastructure company, are announcing a partnership to help usher in a new wave of...

Startup

Tabby closes new round, upsizes debt facility to $350 million

the financial - 20 July, 2023

Tabby, the Menas leading shopping and financial services app, has successfully closed a new financing round resulting in upsizing its debt facility to $350...

Startup

Firefly, a Rocket building company is close to announcing oversubscribed capital raise

the financial - 20 July, 2023

Since launching its first successful orbital launch in October, Firefly Aerospace has kept busy — and is on the cusp of raising more cash. The...

Startup

$20 million raised by SaaS platform, Zluri led by Lightspeed

the financial - 20 July, 2023

Software-as-a-service (SaaS) platform Zluri has raised $20 million in a Series B funding round, led by Silicon Valley-based Lightspeed Venture Partners. Existing investors including...