Saudi Arabia

TMT

01 March, 2024

MENA Digest: Saudi firm CoreVision buys VeFund; MoneyHash, Hayi get funding

Saudi investment firm CoreVision led dealmaking activity in the Middle East and North Africa region during the week as it ......

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TMT

12 January, 2024

MENA Digest: Lokalee, Maalexi get pre-Series A cheques; MEVP backs Clinicy

Dealmaking in the Middle East and North Africa region accelerated in the second week of 2024, with a slew of ......

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Finance

08 January, 2024

In Charts: How Middle East sovereign funds are cementing their global dominance

Sovereign wealth funds of Saudi Arabia and other Middle Eastern nations deployed more capital in 2023 than the year before ......

Finance

02 January, 2024

Saudi wealth fund PIF splashes cash in 2023 as Singapore's GIC slows investments

Saudi Arabia's Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds ......

General

29 December, 2023

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 ......

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TMT

29 December, 2023

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

11 September, 2023

Saudi Arabia to consider sovereign wealth fund office in India's GIFT City

Saudi Arabia will consider setting up an office of its sovereign wealth fund in India's Gujarat International Finance Tec-City (GIFT) ......

Consumer

06 June, 2023

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

07 April, 2023

Saudi PIF-owned Savvy buys gaming firm for $4.9 bn; STV fund gets LP cheque

Funding activity in the Gulf region remained subdued in the first week of April with only a handful of companies ......

Finance

12 July, 2022

Oil slips as China fears continue to weigh on international prices

Oil prices fell sharply on Tuesday on a strong dollar, demand-sapping Covid-19 curbs in top crude importer China and fears ......