The fund gives du access to companies and emerging technologies to enhance its core services and benefit its wider digital ecosystem. Dubai, UAE: du, the leading telecom and digital services provider, today announced the launch of du Ventures, a $50 million corporate venture fund developed in partnership with Shorooq and designed to accelerate the next wave […]
With Spiro already operating across seven of Africa’s fastest-growing urban markets, this transaction positions Spiro among the continent’s leading clean infrastructure platforms. This investment will accelerate the expansion of Spiro’s battery-swapping network, industrial footprint and next-generation electric vehicles (EV) infrastructure across high-growth African markets. As African economies push to reduce dependence on imported fuel, reinforce […]
CargoX deploys driverless delivery vehicles across last-mile, middle-mile and long-haul logistics routes The platform is led by Tomaso Rodriguez, ex-CEO of the Middle East’s largest food delivery service Talabat Abu Dhabi, United Arab Emirates, 02 June, 2026: CargoX, an autonomous delivery platform based in the United Arab Emirates, announced today it raised $250 million from an […]
The UAE’s telecom giant etisalat and retains a 37.53 per cent stake in Careem Technologies even after selling 12.5 per cent shares to Uber Technologies. Emirates Telecommunications Group Company PJSC (e&) on Monday announced that it has sold a 12.5 per cent stake in Careem Technologies to Uber Technologies in a $100 million (Dh367 million) […]
Dubai, UAE – Dubai Future District Fund (DFDF) has announced a commitment to Camber Creek, a specialist venture capital fund focused on PropTech with nearly $1 billion in assets under management. The investment reflects DFDF’s continued strategy of backing high-conviction, sector-specialist fund managers that consistently generate returns and deliver long-term value to their portfolio companies. Founded […]
Abu Dhabi, United Arab Emirates: Core42, a G42 company specializing in sovereign cloud and AI infrastructure, today announced the successful arrangement of two structured trade finance facilities (“the facilities”) amounting to USD550 million with HSBC to accelerate its AI cloud and compute deployments across the United States and Europe. The facilities of USD240 million and USD310 […]
RemotePass, the global employment, payroll, and spend platform founded in the UAE in 2021, has raised $17.4 million in Series B funding led by EBRD Venture Capital (EBRD), with participation from 500 Global and existing investors Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures. RemotePass is also backed by early-stage investors BECO Capital, […]
One of the largest private credit investments ever made into a GCC-born, founder-led consumer brand. Dubai, UAE – May 19, 2026: GymNation, the GCC’s fastest-growing gym operator, has secured a $100 million private credit facility from certain funds, entities and/or accounts managed, advised or controlled by HPS Investment Partners, LLC (“HPS”), part of BlackRock – […]
Tunisia-based insurtech startup EYST Technology has raised a six-figure investment from 216 Capital to accelerate its technological development and support international expansion. Founded in 2022 by Marwen Amamou, Antoine Vanoverberghe, and Arnaud Brodzki, EYST Technology develops a SaaS platform that enables insurers to modernise claims settlement through instantly issued virtual bank cards loaded with reimbursement […]
Jordan Capital and Investment Fund (JCIF) announced the official launch of Manara Ventures, a JOD 50 million (approximately USD 70.5 million) scale-up fund dedicated to supporting the growth of Jordan’s most promising technology and innovation focused companies. The fund also secured backing from regional institutional investors, including Abu Dhabi-based global investment firm, Lunate. Manara Ventures was […]