MSA Capital plans to launch a billion-dollar fund focused on MENA
MSA Capital, the Chinese VC firm that has been investing in the Middle East & North Africa for years, and was one...
Saudi’s Ejaro raises $3.3 million Pre-Series A for its peer-to-peer car rental marketplace
Jeddah-headquartered peer-to-peer car rental marketplace Ejaro has raised $3.3 million from the leading local insurance company Tawuniya and angel investor in a...
Middle East Venture Partners sunsets its first-ever fund with a 2.5x cash-on-cash return
Middle East Venture Partners, one of the leading VC firms of the region, has sunset its first fund, Middle East Venture Fund...
Interview: Khaled Talhouni on VC in MENA, exits, governance, and Nuwa Capital
Khaled Talhouni is the Founder and Managing Partner of Nuwa Capital. Previously, he served as a Managing Partner at Wamda Capital, where...
Saudi startups dominate $100 million rounds in 2023
There were a total of five $100 million rounds in 2023, with three of them being in fintech and two in ecommerce....
Swvl reports first profit since its public markets debut, revenue down 49 percent
Swvl has reported its first profit since its debut on NASDAQ in early 2022. The Dubai-headquartered mobility firm announced a net profit...
Mudassir Sheikha on attracting top talent to Careem in its early days
Careem has consistently been known for attracting the best talent in the region. With the resources and brand they’ve developed over the...
Saudi’s Tameed raises $15 million Series A for its purchase order financing marketplace
Saudi fintech Tameed has raised $15 million in a Series A round led by Alromaih Investments, the investment arm of a local...
- Microsoft invests $1.5 billion in UAE-based AI holding company G42
- Saudi’s Penny Software raises fresh funds to grow its procurement SaaS platform
- STC Bank launches private beta following approval from Saudi Central Bank
- Saudi’s Kitchenara raises $380,000 to build a TikTok for food delivery
- Bahrain’s Ahlan raises $3 million for its food delivery and customer loyalty platform
