Sanabil Investments, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), is providing funding for the Middle East tech firm iMENA Group’s recent capital raise of $135 million. This amount represents the first tranche of funds intended for iMENA’s planned initial public offering (IPO). In addition to Sanabil, the funding round attracted investments from venture...
Khaldoon Al Mubarak, the chairman of the UAE’s Executive Affairs Authority, recently met with officials from the Trump administration in Washington to discuss investment strategies aimed at enhancing the UAE’s financial footprint in the United States. These meetings took place on April 23 and 24 and were focused on advancing investment plans that were initially...
Dubai’s Hushday, the first premium, invitation-only flash sales platform in the Middle East, has successfully raised over Dh2 million ($550 000) in pre-seed funding from regional tech investors. The startup aims to reinvent the retail experience for luxury and premium brands, providing them with full control and the opportunity to build brand integrity while achieving...
Ahmad Al Anani, Founder and CEO of Sancta Capital, has noted that Abu Dhabi is often viewed negatively by investors, yet he believes the city’s valuations present compelling investment opportunities. He emphasized that while broader risks exist due to the Middle East’s exposure to fluctuating oil prices, it is essential not to generalize the entire...
Family offices in the GCC are evolving significantly, transitioning from their traditional roles of wealth management to actively engaging in high-growth investment strategies. According to a new report by LOGIC Consulting titled “Beyond Wealth: How Family Offices Are Shaping the Future of Investment,” 78 percent of family offices worldwide plan to invest in digital assets...
Venture capital investment in the Middle East and North Africa experienced a significant surge in the first quarter of 2025, with startups raising a total of $678 million, marking the strongest quarter since the end of 2023. This growth was attributed to recent interest rate cuts that improved investor sentiment, according to data from the...
The Innovative Startups and SMEs Fund (ISSF), recognized as the largest investment fund of its kind in Jordan, has announced a significant investment of USD 3 million in the Antler MENAP Fund LP. This early-stage venture capital fund, which amounts to USD 60 million, is focused on making pre-seed to Series A investments throughout the...
Under the “Innovate in Sharjah” initiative, the Sharjah FDI Office (Invest in Sharjah) and the Sharjah Research, Technology and Innovation Park (SRTIP) participated in InnoEX 2025 in Hong Kong. Their involvement aimed to explore investment opportunities in technology, innovation, and advanced industries. This event highlighted Sharjah’s advanced infrastructure and business-friendly environment, promoting the emirate’s competitive...
Saudi Arabia-based construction technology company, TruBuild, has successfully raised $1 million in a Seed funding round. This funding was led by Wa’ed Ventures, the $500 million venture capital arm of Aramco, alongside Dar Ventures. Other contributors to the investment included Plug & Play Ventures, OQAL, Taz Investment, and various angel investors. The funds will be...
Abu Dhabi’s state-backed health-care investment company, M42, has invested in the UK-based biotech startup Juvenescence, which specializes in developing drugs aimed at extending human lifespans. The investment comes at a valuation exceeding $550 million, although the exact amount invested has not been disclosed. M42 and Juvenescence will collaborate in a strategic partnership that focuses on...