Riyadh, Saudi Arabia – In a landmark move to advance economic growth and foster innovation in the lending sector, Mastercard has signed a strategic partnership agreement with Nama United Financing Company during the Seamless Middle East & Saudi Arabia event. This collaboration is set to drive the adoption of digital payments in Saudi Arabia, furthering […]
RIYADH — Saudi Arabia’s Public Investment Fund (PIF) and Google Cloud have signed a landmark strategic partnership to establish a global artificial intelligence (AI) hub in Dammam, located in the Eastern Province. Announced during the 8th Future Investment Initiative (FII8), this collaboration aims to position Saudi Arabia as a premier destination for AI innovation, serving […]
In a strategic acquisition, Ayen, the Riyadh-based real estate inspection platform, has acquired the Cairo-based construction technology (contech) startup Elmawkaa in a seven-figure deal. This milestone positions Ayen to expand its portfolio of services, enhancing its market reach and solidifying its presence in the regional real estate and construction sectors. Ayen’s Founder and CEO, Ali […]
Riyadh, October 2024 – Beta Lab, a deep tech fund and innovation studio, has launched a groundbreaking USD 300 million fund at the Future Investment Initiative (FII) 2024. Designed to stimulate cross-border innovation, this fund aims to bridge the Middle East and Southeast Asia, empowering technology-driven startups to expand into high-growth markets and tackle global […]
Riyadh, Saudi Arabia — Saudi-based PropTech platform ARK has successfully raised $1 million in a pre-seed funding round led by Core Vision Investment. This fresh capital is set to bolster Ark’s capabilities in Saudi Arabia’s dynamic real estate market, positioning the platform to deliver innovative, Shariah-compliant investment solutions that meet growing demand. Founded in 2023 […]
Riyadh, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital arm of Aramco, has announced a $100 million commitment to early-stage artificial intelligence (AI) investments, reinforcing Saudi Arabia’s ambition to establish itself as a global leader in AI. This significant move aligns with the Kingdom’s broader vision to position AI as a key economic […]
Riyadh, Saudi Arabia – October 28, 2024 – Visa, a global leader in digital payments, has marked its 40th year of operations in Saudi Arabia with the opening of an advanced Innovation Center and new regional office in Riyadh’s prestigious King Abdullah Financial District (KAFD). This significant expansion aligns with Visa’s mission to support Saudi […]
Riyadh, Saudi Arabia – Nabt, a Saudi agritech startup transforming the Kingdom’s fresh produce supply chain, has successfully closed a SAR 5.63 million (USD 1.5 million) seed investment round in Q3 2024. The round was led by Merak Capital, a prominent technology-focused investment firm, with the backing of key angel investors. The funding will fuel […]
Dubai, UAE — Foodics, a leading cloud-based technology provider for the food and beverage industry, is thrilled to announce a strategic integration partnership with Grubtech, a prominent player in digital solutions for restaurants and cloud kitchens. This collaboration, now available on the Foodics App Marketplace, aims to revolutionize the customer experience while empowering restaurant owners […]
Morocco, October 2024 – Moroccan cross-border logistics startup Colis.ma has successfully raised $300,000 in funding from the Witamax Fund, aiming to strengthen its footprint across Morocco, Europe, and Africa. The newly acquired funds will support Colis.ma’s goal to establish operations in five key regions within Morocco and six major European markets, as well as to fuel expansion into the […]