Middle East
Finance
Ruya Partners hits halfway mark for debut private credit fund, eyes final close
Abu Dhabi-based Ruya Partners aims to make a final close of its maiden private credit fund by the second quarter ......
TMT
Gulf Digest: Flow48, Immensa, four others amass over $75 mn in funding
The UAE-based fintech startup Flow48 grabbed the biggest funding cheque in the Middle East this week while two other companies ......
Manufacturing
KIA-owned Kuwait Investment Company exits oil and gas firm
Sovereign wealth fund Kuwait Investment Authority (KIA)-owned Kuwait Investment Company (KIC) has exited oil and gas upstream company Bawabet Al ......
TMT
Gulf Digest: Modus Capital backs eight startups; Anghami, PureHealth in M&A deals
Dealmaking in the Middle East during the week was marked by key mergers and acquisitions. The UAE-based online streaming platform ......
Finance
Dubai's NB Ventures floating VC fund with India partner after making LP, direct bets
Dubai-based venture capital firm NB Ventures, which makes direct bets on growth-stage startups as well as limited partner-style investments in other VC funds, ......
Finance
Chimera-owned Lunate, BNY Mellon set up wealth-tech firm Alpheya
Chimera Investments-owned alternative investment manager Lunate and US bank BNY Mellon are investing in Alpheya, a wealth technology company based ......
Healthcare
How Aster DM Healthcare's India and Gulf ops stack up as it looks to sell GCC biz
Mumbai-listed healthcare services provider Aster DM Healthcare Ltd has been working to separate its India and Gulf operations since late ......
TMT
How Vaibhav Kashyap went from fighting obesity to founding a wellness insurance startup
Vaibhav Kashyap weighed 96 kg in ninth grade. “I ate a lot and moved very little,” he says. But that ......
Finance
Aim to back Asian firms eyeing Middle East expansion from new fund: Gulf Capital CEO
The UAE-based private equity firm Gulf Capital is set to roll out its fourth fund that it expects will have ......
TMT
Gulf Digest: Tabby gets unicorn tag; Noon, SpiderSilk pocket new cheques
The Middle East region recorded a couple of high-value deals this week, with the funding activity spearheaded by Mubadala-backed buy-now-pay-later ......
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