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MENA Digest: Agritech startups iyris, YoLa Fresh bag big cheques

TMT

31 May, 2024

MENA Digest: Agritech startups iyris, YoLa Fresh bag big cheques

The Middle East and North Africa (MENA) region saw a slew of growth-stage startup funding deals this week, led by ......

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DFDF to widen investor base in three-phase expansion strategy

Finance

30 May, 2024

DFDF to widen investor base in three-phase expansion strategy

Dubai Future District Fund, the region’s first evergreen venture capital fund-of-funds, launched with an initial corpus of $200 million from ......

Dubai party hotel operator FIVE Holdings taps banks for IPO next year

Consumer

29 May, 2024

Dubai party hotel operator FIVE Holdings taps banks for IPO next year

Dubai-based party hotel operator FIVE Holdings Ltd is working with banks on a planned initial public offering next year, people ......

UAE's Alef Education seeks to raise up to $515 mn in IPO

Consumer

28 May, 2024

UAE's Alef Education seeks to raise up to $515 mn in IPO

Educational technology provider Alef Education plans to raise as much as $515 million in its initial public offering (IPO) on ......

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Gulf Capital aims first close of latest PE fund soon

Finance

28 May, 2024

Gulf Capital aims first close of latest PE fund soon

UAE-based private equity firm Gulf Capital is aiming for the first close of its soon-to-be-launched fourth investment vehicle, estimated to ......

MENA Digest: Egyptian startup OneOrder, Saudi SaaS firm Merit lead funding

TMT

24 May, 2024

MENA Digest: Egyptian startup OneOrder, Saudi SaaS firm Merit lead funding

Dealmaking in the Middle East and North Africa region during the week was propelled by high-value, growth-stage fundraises by tech-led ......

Microsoft's UAE deal could transfer key US chips and AI technology abroad

TMT

24 May, 2024

Microsoft's UAE deal could transfer key US chips and AI technology abroad

Microsoft President Brad Smith said the tech company's high profile deal with the United Arab Emirates-backed AI firm G42 could ......

First Abu Dhabi Bank in advanced talks to buy Turkish lender for $8 bn

Finance

22 May, 2024

First Abu Dhabi Bank in advanced talks to buy Turkish lender for $8 bn

First Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group's 61.2% stake in Istanbul-based lender ......

Abu Dhabi's Lunate launches ETF tracking Japan equities

Markets

16 May, 2024

Abu Dhabi's Lunate launches ETF tracking Japan equities

Abu Dhabi investor Lunate Capital is launching an exchange-traded fund (ETF) tracking Japanese equities that will be listed on the ......

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MENA Digest: Egyptian startups lead funding activity

Finance

10 May, 2024

MENA Digest: Egyptian startups lead funding activity

Egyptian fintech startups Swypex and MNZL led funding activities in the Middle East and North Africa region,, even as overall ......