Cairo, Egypt – Edafa Venture has announced the acquisition of two artificial intelligence startups operating in the construction and healthcare sectors during the AI Everything Middle East & Africa – Egypt exhibition, organized by GITEX Global in Cairo on February 11–12, 2026. The six-figure dollar acquisitions were among the most significant investment deals unveiled during […]
Abu Dhabi, UAE – CNTXT AI, a UAE-based data and AI company, today announced the acquisition of Actualize, an enterprise AI company building dialect-aware Arabic voice agents for the GCC, powered by realistic Arabic speech models. The acquisition brings Actualize’s technology and team into CNTXT AI, strengthening its Arabic voice AI and enabling sovereign AI agents […]
Abu Dhabi, UAE – Hub71 Abu Dhabi startups, Abu Dhabi’s global tech ecosystem, has selected 27 startups to join its Access Programme as part of Cohort 18, following a record 2,453 applications from 112 countries. The selected startups have raised an average of USD 8.5 million (AED 31.2 million), with total funding of nearly USD […]
MENA-focused impact venture capital firm Anara Impact Capital has announced the first close of its debut fund at $48 million, bringing it close to its target fund size of $50 million. The fund will invest in Seed and Series A startups across the Middle East and North Africa (MENA), with a focus on businesses addressing […]
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 […]