The General Authority for the Suez Canal Economic Zone (SCZone) has signed a $25 million contract with Indian firm Willow Ferro to establish a metal industries project in the Technology Valley, located east of Ismailia in Sinai. This project aims to enhance the local industrial landscape and is set to begin operations with the production...
Animoca Brands, a Hong Kong-based company specializing in Web3 technologies, has announced the opening of its first office in the Middle East located in Dubai. This move aims to provide crucial support for startups in the United Arab Emirates (UAE), focusing on addressing gaps in financing, mentorship, and market access for early-stage businesses. The company’s...
Marwan Saleh Alichla, the Director of the Investment Promotion and Support Department at the Sharjah FDI Office (Invest in Sharjah), announced the successful organization of the Sharjah-Mexico Business Forum. This event focused on exploring investment opportunities and services available to Mexican investors and business leaders in the Emirate. According to Sharjah24, Alichla highlighted that the...
Zest Equity, a fintech company based in the United Arab Emirates, has successfully secured $4.3 million in pre-series A funding. This funding round was led by Prosus Ventures, with additional participation from Morgan Stanley Inclusive and Sustainable Ventures (MSISV). Founded in 2021 by Rawan Baddour and Zuhair Shamma, Zest Equity operates a platform that facilitates...
Animoca Brands, a venture capital and software company known for its investment in the popular game Axie Infinity, is set to launch funds specifically aimed at supporting start-ups in the United Arab Emirates (UAE). This initiative marks the company’s entry into the Middle East market, where it plans to establish its first regional office in...
Aditum Investment Management Limited, a privately owned asset management company located in the Dubai International Financial Centre (DIFC), has announced that its DIFC fund range, including the flagship Aditum Global Access ICC Ltd, has exceeded US$250 million in assets under management (AUM) as of April 24, 2025. This significant achievement reflects broader growth across Aditum’s...
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...