Middle East
General
Gulf Digest: Two Saudi startups propel deal momentum this week
Funding activity in the Middle East was led by growth-stage funding of two startups during the final week of 2023. Soum ......
TMT
Flashback 2023: How startup dealmaking panned out across the MENA region
The Middle East and North Africa (MENA) region has recorded a surge in startup activity over the last few years ......
Finance
Investcorp unveils $750-mn climate fund, gets Bahrain SWF Mumtalakat as anchor
Bahrain-based alternative asset manager Investcorp is launching a $750 million climate fund, anchored by sovereign wealth fund Mumtalakat. The fund, Climate ......
Finance
Private equity rushes to Gulf as fundraising dries up in other regions
A growing number of private equity funds are opening offices in the Gulf, hoping to deepen their ties with cash-rich ......
Finance
Sovereign wealth fund ADIA optimistic on equities, private credit after turbulent 2022
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) said it was optimistic on public equities for 2023 after last year's ......
Infrastructure
ACME loses JV partner for multi-billion-dollar project in Middle East
Indian renewable energy producer ACME Group’s plan to set up a multi-billion-dollar green ammonia project in the Middle East has run ......
Finance
Dubai VC firm MEVP's Sarwahi on AI and other exciting areas, LP pool and more
Middle East Venture Partners (MEVP), a Dubai-based venture capital firm, is eyeing startups in new tech areas such as augmented ......
Finance
Investcorp seeks to raise up to $600 mn from investment vehicle's IPO
Middle East alternative asset manager Investcorp Holding is seeking to raise up to $600 million from the listing of an ......
Consumer
VC-backed Floranow acquires Saudi Arabian flower distributor Bloomax
The UAE-based business-to-business online floral marketplace Floranow has fully acquired Saudi Arabia’s Bloomax, a wholesale distributor of fresh flowers for ......
TMT
Gulf Digest: BNPL startup Tabby secures debt; Cargoz raises bridge funding
Two key startups in the Gulf region led the funding activity in the last week of May even as overall ......
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