FME Staff

WISERGATES OPENS PRE-SEEDROUND AT $30 MLN VALUATION

Funding / Leave a Comment

WiserGates, a wealth fin-tech company founded by Bangladeshi entrepreneurs Muhammad Refayet Chowdhury and Md Nazibur Rahman, has launched a $3 million pre-seed funding round at a $30 million valuation. Registered with the Dubai International Financial Centre (DIFC), the company is backed by Tokyo-based NewVision Japan and London-based 1CS Holdings. The funding will support product development,

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Startups to get up to $5.5M to set up in Qatar

Business News, collaboration, Startups / Leave a Comment

The Startup Qatar Investment Program, run by Qatar Development Bank (QDB), offers technology startups funding of up to $5.5 million, along with support for setting up and growing their businesses in Qatar. The program has two funding options. START offers up to $1.1 million to early-stage startups that have developed a proof of concept or

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NEOPAY to Acquire 65% Stake in noon Payments to Expand Across MENA

Expansion / Leave a Comment

NEOPAY has signed a definitive agreement to acquire a 65% controlling stake in noon payments, advancing its plans to build a regional payments platform. The transaction remains subject to customary conditions, including regulatory and antitrust approvals. The deal will combine NEOPAY’s payment processing infrastructure, in-store acquiring and omnichannel services with noon payment’s e-commerce gateway, embedded

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Project Suppliers has raised $1 million

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Saudi construction technology startup Project Suppliers has raised $1 million in its first per-seed funding round from undisclosed angel investors. Founded in 2020 by Husam Jaber, the company connects construction buyers and suppliers through sourcing, quotation, tracking and reporting tools. Project Supplier’s database covers more than 12,000 businesses and has processed nearly 600,000 quotation requests.

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HUMAIN & EY are building SaudiArabia’s first AI-native BPO

Business News, collaboration, Expansion, Investments / Leave a Comment

Saudi Arabia-based HUMAIN has expanded its service agreement with EY to develop and commercialize AI-powered enterprise services for international markets. The partnership combines HUMAIN’s artificial intelligence technology and infrastructure with EY’s industry expertise, functional knowledge and commercialization capabilities. The expanded engagement will support the development of HUMAIN ONE, an integrated agentic AI platform designed to

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Amazon and Ghitha Holding announce strategic collaboration To deliver locally grown produce in minutes with Amazon Now

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Amazon and Ghitha Holding PJSC, a subsidiary of 2PointZero Group, have signed a Memorandum of Understanding (MoU) to explore the development of a seasonal fresh produce initiative in the UAE, connecting farming directly to Amazon’s supply chain. Powered by Ghitha Holding’s established agricultural expertise and infrastructure, the initiative will see crop selection guided by customer

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Dubai Design District, Canadian University Dubai Partner to Support Emerging Designers

collaboration / Leave a Comment

Dubai Design District (d3), part of TECOM Group, has partnered with Canadian University Dubai (CUD) to support emerging design talent. Under the Memorandum of Understanding, d3 and CUD’s School of Architecture and Interior Design will organize annual events, exhibitions and workshops at the district. The agreement also creates internship opportunities for CUD students with companies

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CE-Ventures Backs Aptadir in $45.4M Seed Round

Expansion, Funding, Investments / Leave a Comment

UAE-based CE-Ventures, the corporate venture capital arm of Crescent Enterprises, is investing in Italian biotech Aptadir Therapeutics as it raises $45.4 million (€40 million) in seed funding. The company is developing RNA-based treatments for genetic disorders, including Fragile X Syndrome. As the company’s lead candidate, CAP1-FMR1 seeks to reactivate the FMR1 gene that remains silenced

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Mubadala and Together AI Partner to Expand in UAE

Business News, collaboration, Entrepreneurship, Uncategorized / Leave a Comment

Moreover, Mubadala Investment Company has partnered with Together AI to explore AI infrastructure opportunities in the UAE. As part of the partnership, Together AI will establish a local presence in Abu Dhabi. This brings its AI computing, research, and inference capabilities closer to developers and businesses across the region. Together AI was founded in 2022

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