Middle East
TMT
MENA Digest: UAE startups lead fundraising activity this week
UAE-based startups led fundraising activity in the Middle East and North Africa region this week, securing early-stage investments. While Web3 ......
Manufacturing
ADNOC finalising due diligence for Covestro takeover
Abu Dhabi National Oil Company (ADNOC) is finalising due diligence for a takeover of Covestro in a deal that could ......
Finance
VC firm Waad Investment launches debut fund with $200 mn target
Waad Investment, a Saudi Arabia-based venture capital firm backed by a consortium of Gulf-based investors and family offices, launched its ......
Finance
Why Dubai's DFDF is pressing on early-stage bets as the way forward
Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-funds, has endorsed early-stage bets, particularly in fintech and ......
Finance
Golden Gate Ventures' Lints on portfolio mix for first MENA fund, LPs and more
Golden Gate Ventures (GGV), a Singapore-based early-stage venture capital firm that launched a $100 million target Middle East and North ......
Finance
Oman sovereign wealth fund's total assets rise to $49.9 bn in 2023
The assets of Oman's sovereign wealth fund stood at 19.2 billion rials ($49.9 billion) at the end of 2023, up ......
Infrastructure
Qatar Airways to buy 25% stake in South African carrier Airlink
Qatar Airways will take a 25% stake in South Africa-based regional carrier Airlink as both airlines seek to boost services ......
TMT
MENA Digest: Volume low this week; July funding amount jumps threefold
Startup funding activity in the Middle East and North Africa region this week was led by UAE-based meals aggregator platform ......
People
Dubai Future District Fund sees change of guard as CEO steps down
Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-fund is undergoing a change of guard with Sharif ......
Others
ADQ to pick up stake in auction house Sotheby's
Abu Dhabi wealth fund ADQ and Sotheby's majority owner Patrick Drahi will invest $1 billion in the auction house in ......
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