Hawala Technology, a fintech startup serving the MENA region, has raised $3 million in a funding round led by Pharsalus Capital, with participation from Alumni Ventures. The fund will be specifically deployed to reawaken the platform and power the Hawala app. The funding round also includes angel investors such as Naguib Sawiris (Chairman, Orascom Development […]
Amman, Jordan – SME Fund Jo is proud to announce the completion of its investment in TJDEED Technology, a leading IT solutions provider in Jordan and the Middle East. This strategic partnership will empower TJDEED’s growth journey, fueling its expansion into international markets and advancing its technology portfolio — particularly in Artificial Intelligence (AI), automation, and cybersecurity. This investment reflects SME Fund […]
VantageBridge Partners is the first GCC-founded private equity firm to invest directly into U.S. hyperscale infrastructure. The partnership will support capability-building and knowledge transfer into the Gulf, with the aim of accelerating the region’s readiness for AI, cloud, and data-sovereignty-driven innovation Abu Dhabi – VantageBridge Partners, the Abu Dhabi–founded strategic investment and knowledge-bridging firm, has taken […]
Dubai, November 10, 2025: VEON 3Q25 Highlights Total revenue growth of 7.5% year-on-year (“YoY”) to USD 1,115 mn. EBITDA growth of 19.7% YoY to USD 524 mn Direct digital revenue growth of 63.1% YoY to USD 198 mn, representing 17.8% of Group revenue. Financial services revenues grew 32.6% to $107.5 mn Total cash, cash equivalents […]
Nov 8 (Reuters) – U.S. payment firms Visa (V.N) and Mastercard (MA.N) are nearing a settlement with merchants by lowering fees stores pay and giving them more power to reject certain credit cards, the Wall Street Journal reported on Saturday, citing people familiar with matter. Visa and Mastercard would trim interchange fees, typically 2% to […]
Strategic partnership unlocks quick access to purchase order financing through an automated platform Initiative to enhance SME cash flow, strengthen supply chain resilience, and support UAE economic diversification Abu Dhabi, United Arab Emirates, November 07, 2025: ADNOC has signed a strategic partnership with Comera Financial Holdings to enhance financial access for ADNOC’s UAE-based small and […]
First Circle Capital, a specialist early-stage venture fund focused on African fintech innovation, has secured US$6 million from the International Finance Corporation (IFC), a member of the World Bank Group, to expand its investments in high-potential financial technology startups across the continent. With offices in Casablanca and Kampala, First Circle Capital focuses on pre-seed and […]
Musk, already the world’s richest person, could get as much as $1trln in stock over the next decade, although required payments would take the value down to $878bln. SAN FRANCISCO – Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing […]
Revenue increased by 39% to AED 33.1 billion (US$ 9 billion) EBITDA grew by 32% to AED 16.6 billion (US$ 4.5 billion) Net profit before tax reached to AED 16.7 billion (US$ 4.5 billion); an increase of 35% Dubai, United Arab Emirates – Emaar Properties PJSC (DFM: EMAAR) has continued to deliver strong operational and financial […]
Matthew Grint, General Manager of Selini Capital FZE, is steering the company’s next phase of growth following its recent approval from Dubai’s Virtual Assets Regulatory Authority (VARA). The milestone marks a pivotal moment in Selini Capital’s global strategy, enabling the firm to directly offer institutional-grade liquidity and pricing services under a fully regulated framework. With […]