Casablanca, Morocco — December 3, 2024 Enakl, a Morocco-based urban mobility startup, has raised $1.4 million in a pre-seed funding round led by Catalyst Fund, with participation from Renew Capital, Digital Africa, Station F, and 15 business angels. Launched in September 2023 by seasoned entrepreneurs Samir Bennani and Charles Pommarede and later joined by Ahmed […]
Jeddah, Saudi Arabia – December 2, 2024:Aanaab, the leading digital professional development platform for teachers, has successfully raised $7 million in its Series A funding round, led by Dallah Investment Holding. This milestone investment highlights Aanaab’s growing impact on the education technology sector in the Arab region. Founded in 2019 by Dr. Munira Jamjoom, Naila […]
Cairo, Egypt – November 29, 2024 The National Security Services Company (SAFE), a leading entity under Saudi Arabia’s Public Investment Fund (PIF) spearheading transformation in the security services sector, has signed a memorandum of understanding (MoU) with Egypt’s eFinance, a premier fintech firm specializing in electronic payment and collection services. The announcement was made during the […]
Riyadh, Saudi Arabia, November 27th 2024 Flat6Labs, MENA’s most active seed and early-stage venture capital firm, has made significant strides in supporting Saudi Arabia’s startup ecosystem, now reaching a total of 41 investments in the Kingdom through the Startup Seed Fund. Since its launch in 2023, Flat6Labs has arguably become the most active investor in Saudi […]
Riyadh, Saudi Arabia – Arthur D. Little (ADL) has announced the signing of a Memorandum of Understanding (MoU) with Blossom Accelerator to officially launch the second phase of the ADL Startups Mentoring Initiative. This collaboration underscores ADL’s dedication to fostering innovation and supporting the burgeoning startup ecosystem in the region. Building on the success of […]
Saudi-based Nice One Beauty Digital Marketing Company has announced its decision to proceed with an initial public offering (IPO) and the listing of its ordinary shares on the main Saudi Exchange (Tadawul). It will be done through the sale of a combination of existing and newly issued shares. A leading beauty and care e-commerce platform […]
In the early 2000s, the tech industry often repeated the phrase, “Every company will be a tech company.” This prediction largely materialized as businesses across sectors adopted technology to stay relevant in a rapidly digitizing world. Now, as we navigate the complexities of a more interconnected digital economy, a new mantra is taking hold: “Every tech company […]
RIYADH, Saudi Arabia,/PRNewswire/ — Maarif Education, one of the largest education companies in Saudi Arabia with a legacy of over 50 years in K12 education, announced today the signing of a definitive agreement to acquire 100% of Ibn Khaldoun Education Company (IKEC). The strategic acquisition, which is subject to approval from the relevant authorities, marks one […]
Riyadh: Citigroup, one of the leading financial institutions in the US, has received approval to establish its regional headquarters in Riyadh, Saudi Arabia, marking a significant milestone in its expansion strategy within the Kingdom. According to an internal memo obtained by Reuters, the Wall Street giant secured the authorization from the Ministry of Investment Saudi […]
Riyadh, Kingdom of Saudi Arabia – 20 November 2024 –PwC Middle East has signed a definitive agreement to acquire Emkan Education, a Saudi consultancy specialising in education and skills development advisory services. A formal ceremony was conducted at the Ministry of Investment in the presence of His Excellency Eng. Khalid A. Al-Falih, Minister of Investment. The […]