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Saudi VC firm RAED Ventures gets another LP for third fund

Finance

23 December, 2024

Saudi VC firm RAED Ventures gets another LP for third fund

RAED Ventures, a Saudi Arabia-based venture capital firm that backs early-stage startups and manages a portfolio of over 40 companies, ......

Global deal volumes expected to rise over $4 tn in 2025 due to possible Trump boost

General

19 December, 2024

Global deal volumes expected to rise over $4 tn in 2025 due to possible Trump boost

Bankers expect global deal volumes to surpass $4 trillion next year, the highest in four years, buoyed by U.S. President-elect ......

Most Gulf central banks follow US Fed in cutting key interest rates

Economy

19 December, 2024

Most Gulf central banks follow US Fed in cutting key interest rates

Most central banks of the Gulf Cooperation Council cut key interest rates on Wednesday, following the Federal Reserve's decision to ......

Digital bank Tyme gets $150 mn from Brazil's Nubank, enters unicorn club

TMT

18 December, 2024

Digital bank Tyme gets $150 mn from Brazil's Nubank, enters unicorn club

Brazilian digital bank Nubank said on Monday it has invested $150 million in Tyme Group, a Singapore-based digital bank backed by China's Tencent with 15 million customers ......

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Riyadh Valley Company strikes third limited partner-style bet  this year

Finance

17 December, 2024

Riyadh Valley Company strikes third limited partner-style bet this year

Riyadh Valley Company (RVC), the investment arm of King Saud University, has made its third limited partner-style investment this year, ......

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UAE's Key Capital eyes first close of debut secondaries fund, builds deal pipeline

Finance

17 December, 2024

UAE's Key Capital eyes first close of debut secondaries fund, builds deal pipeline

Key Capital, a UAE-based investment firm focused on secondaries transactions, is raising its debut fund and is aiming to hit ......

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UAE conglomerate Al Nowais' arm to get another backer for Egypt solar project

Infrastructure

13 December, 2024

UAE conglomerate Al Nowais' arm to get another backer for Egypt solar project

AMEA Power, the clean energy arm of the UAE-based conglomerate Al Nowais Investments, is set to secure an investment commitment ......

MENA Digest: UAE's Wafeq, BioSapien get biggest funding cheques this week

TMT

13 December, 2024

MENA Digest: UAE's Wafeq, BioSapien get biggest funding cheques this week

The UAE-based startups led the funding activity in the Middle East and North Africa region this week with fintech platform ......

UAE president names Blackstone's Gray, others to board of ADNOC investment arm XRG

Finance

12 December, 2024

UAE president names Blackstone's Gray, others to board of ADNOC investment arm XRG

United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan approved a board of directors for XRG, state oil giant ......

Carlyle's AlpInvest, Mubadala team up to provide debt financing to PE firms

Finance

12 December, 2024

Carlyle's AlpInvest, Mubadala team up to provide debt financing to PE firms

AlpInvest Partners, the secondary investments unit of buyout firm Carlyle Group, and Abu Dhabi's Mubadala Investment Company are forming a ......