Saudi-based fin-tech Funding Souq has secured a strategic investment from Foodics, which becomes a major investor in the round. The investment amount and ownership stake were not disclosed. The deal will expand embedded financing for restaurants and SMEs in Saudi Arabia and the UAE. What Funding Souq does Founded in 2020 by Martin Jaouni, Funding
Foodics Invests in Funding Souq to Expand Restaurant Financing Read More »
UAE-based JustAd has secured $5 million from angel investor Imad Jomaa to expand into new markets. Founded in 2025 by Ahmed Elsayed, the company runs an AI-powered marketing platform for managing, tracking and analyzing ad campaigns. What JustAd does The JustAd platform helps businesses manage advertising across Meta, TikTok, Snap-chat and Google Ads from one
JustAd Raises $5M to Expand Into New Markets Read More »
Oraseya Capital, the investment arm of the Dubai Integrated Economic Zones Authority (DIEZ), now manages a venture capital fund of USD 272.3 million (AED 1 billion). The fund was previously USD 136.2 million (AED 500 million). As a result, it can finance more high-growth companies and back their expansion into regional and global markets. What
Oraseya Capital Doubles Venture Fund to USD 272.3M Read More »
Alo Hakeem, an Aleppo-based healthtech startup, has closed a $165,000 pre-seed round led by EBLA Ventures. Additional undisclosed investors also took part in the round. The funding will help the company expand its home healthcare platform across Syria ahead of a full app launch in November 2026. What Alo Hakeem does Founded in 2025 by
Alo Hakeem Raises $165K Pre-Seed Led by EBLA Ventures Read More »
UAE non-oil GDP now accounts for 79.2% of the country’s total output, according to H1 2026 figures. Real GDP reached US$262 billion (AED 961.9 billion) in the period. As a result, the UAE’s move beyond oil is now visible in measurable numbers. UAE Non-Oil GDP Growth in H1 2026 Non-oil GDP grew by 1.8% in
UAE Non-Oil GDP Hits 79.2% of Economy in H1 2026 Read More »
INJAZ Egypt has partnered with The International School of Elite Education (ISEE) to help students build skills for life beyond the classroom. Established in 2003, INJAZ Egypt is part of the global Junior Achievement network. It offers programmes that teach students about entrepreneurship, financial literacy, career preparation, and technology. Through this partnership, INJAZ Egypt will
INJAZ Egypt Partners With ISEE To Build Entrepreneurship Skills Read More »
Saudi Arabia-based AI startup Echelon has secured an undisclosed investment round backed by East40, RAED Ventures, Avra and technology investor Ben Horowitz, alongside other investors. Founded in Riyadh in 2025 by Prince Khalid Bin Bader Al Saud, Echelon helps Saudi businesses and government institutions adopt and integrate global AI technologies. The company focuses on eight
Saudi AI Startup Echelon Raises Funding from RAED Ventures, Avra and East40 Read More »
AI Everything Abu Dhabi 2026 brought together more than 150 AI startups, 400 technology companies and over 200 investors managing $100 billion in assets. Held on October 6–7 at ADNEC Centre, the event highlighted Abu Dhabi’s growing role in the global artificial intelligence industry. The event’s startup platform, Ai StartX Everything, showcased AI solutions across
Abu Dhabi Hosts 150+ AI Startups and 200 Investors at Ai Everything 2026 Read More »
AngelAi, an AI-powered home financing platform developed by US fintech company Celligence, has signed a memorandum of understanding (MoU) with REDSALT to expand into Saudi Arabia. Under the agreement, REDSALT will advise AngelAi on selecting Saudi banks and real estate finance companies as potential deployment partners. The partnership will also help identify local partners and
AngelAi Partners with REDSALT to Expand into Saudi Arabia Read More »
Egyptian proptech startup Amtar is partnering with Beltone to launch a real estate investment fund targeting EGP 2 billion ($38.2 million). The first offering is expected before the end of 2026. The fund will allow investors to buy fractional ownership in real estate through shares instead of purchasing entire properties. The model aims to make
Amtar & Beltone Launch USD 38.3M Real Estate Investment Fund Read More »
