Startup

Saudi Arabia raises $910m in November sukuk offering

the financial - 21 November, 2024

RIYADH: Saudi Arabia’s National Debt Management Center has completed its riyal-denominated sukuk issuance for November, raising SR3.41 billion ($910 million), a 28.19 percent year-on-year...

Saudi hotel industry sees 11.4% spending surge, amid overall weekly POS decline: SAMA

the financial - 21 November, 2024

RIYADH: Spending in Saudi hotels saw a week-on-week increase of 11.4 percent between Nov. 10 and 16, reaching SR399.7 million ($106.4 million), according to the...

Saudi economic growth to accelerate to 4.7% in 2025: Moody’s

the financial - 21 November, 2024

RIYADH: Saudi Arabia’s economy is set to grow by 1.7 percent this year, before accelerating to 4.7 percent in 2025 and 2026, driven by...

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...