STV, MENA’s largest independent technology venture capital fund, has invested in Morni, a Saudi tech-enabled automotive services platform, from its newly launched $100 million NICE fund. The undisclosed backing reflects STV’s confidence in Morni’s vision as the company expands beyond its roots in roadside assistance to an integrated platform – now spanning roadside assistance, vehicle […]
Roomz.rent has successfully raised a pre-seed funding round led by Qora71 (Hub71-based angel investor syndicate) and other angel investors. Born in Cairo, Roomz.rent is the region’s first co-living platform, providing hassle-free, affordable, and flexible long-term room rentals starting from just 3 months. By intelligently matching tenants with ideal flatmates and offering fully managed accommodations, Roomz.rent […]
Wealthbrix Capital Partners Limited, a newly launched independent wealth management firm, today announced its official market entry from Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA region). Founded by a team of seasoned professionals from private banking and asset management, the firm brings together […]
In May 2022, Amazon entered into an Option Agreement with EFG Holding, acquiring USD 10 million of EFG Holding GDRs. Cairo, Egypt — U Consumer Finance S.A.E., known under the trademark Valu, a subsidiary of EFG Holding, and EFG Holding are pleased to announce that Amazon has agreed to exercise its option to acquire a direct […]
Now You Can Build Voice AI Agents That Speak MENA, with Local Dialects and Native Phone Numbers. DataQueue launches the first Arabic Voice AI platform supporting regional dialects. Create and launch unlimited Voice AI agents that speak any Arabic dialect, from Gulf to Egyptian to Levantine, fully customizable in voice, tone, and personality. Instantly connect […]
Baghdad, Iraq – Netaj, Iraq’s leading innovation and entrepreneurship platform, proudly announces the official launch of Nawat, the country’s first-ever Venture Capital (VC) Studio, marking a milestone in Iraq’s evolving startup ecosystem. Nawat, Netaj’s VC Studio, is designed to identify, support, and invest in high-potential Iraqi startups through a tailored 6-month journey that combines mentorship, product […]
The increase was due to AED5.1 billion growth in currency in circulation outside banks, overriding the AED1.4 billion decrease in monetary deposits. The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.4%, from AED982.4 billion at the end of February 2025 to AED986.2 billion at the end of […]
Google’s AI tools significantly enhanced productivity for individuals and enterprises in the UAE. Google contributed an estimated AED21.8 billion (over $5.9 billion) to the UAE economy in 2024, according to a new report from Google. This Economic Impact Report, commissioned by the independent consultancy agency Public First, emphasizes how Google’s AI-powered tools and platforms are […]
Sharjah, As women in the UAE continue to rise as economic decision-makers, NAMA Women Advancement’s Financial Literacy Programme offers a practical model for how strengthening financial skills can further elevate their role in society. When Mariam Al Naqbi, a mother from Al Madam in Sharjah, started teaching her children about saving during dinner, it was more […]
Since entering the MENA region in April 2025 with the launch of its regional headquarters in Dubai, the AI-powered investment intelligence platform has unveiled a cutting-edge solution that provides personalized alerts and contextual insights across asset classes, empowering trading platforms and wealth advisors to boost user engagement and help investors make timely, informed decisions in […]