Startup

Saudi Arabia sees record $41bn in inbound tourism spending as Vision 2030 projects come to life

the financial - 3 April, 2025

RIYADH: Inbound tourism spending in Saudi Arabia surged to a record SR153.61 billion ($40.95 billion) in 2024, marking a 13.82 percent annual increase, according...

Bengaluru’s civic body should get its basics right before vanity projects: Experts

the financial - 3 April, 2025

While large parts of the city still lack basic infrastructure and many projects remain stalled or incomplete, BBMP—without an elected council since September 2020—continues...

Nestle, Hindustan Unilever shares decline up to 2% after BofA downgrades FMCG stocks

the financial - 3 April, 2025

Nestle India and Hindustan Unilever shares fell after BofA downgraded the stocks to 'underperform' from 'neutral' and 'neutral' from 'buy' The shares of FMCG majors Nestle and...

Startup

Adani Green decides to withdraw from $1 billion projects in Sri Lanka

the financial - 13 February, 2025

Adani Green, the renewable energy arm of the Adani Group, has decided to withdraw from the proposed $1 billion wind farm and power transmission projects...

Startup

Bench shuts down, leaving thousands of businesses without access to accounting and tax docs

the financial - 30 December, 2024

Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium-sized businesses, has abruptly shut down, according to a notice posted on its website. “We...

Startup

$132K – $149K, here’s what seed-stage founders pay early employees, based on data

the financial - 27 December, 2024

Once a startup has raised its seed round, the perennial question becomes how much should the founders pay themselves and their first few employees? Kruze...

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...