Dubai-based Salica Spring Studios, supported by Salica Investments and Al Waha Fund of Funds, has announced a strategic investment in BILRS, a fast-growing provider of global bill payment solutions. This partnership is a significant step forward for BILRS as it aims to enhance its operations and improve financial accessibility for users worldwide. The investment will...
Start-ups in the Middle East and North Africa region secured $494 million in funding in February 2025, marking a remarkable increase of 457% compared to the same month last year. This data was reported by Wamda and Digital Digest. Entrepreneurs from Saudi Arabia and the UAE were the primary beneficiaries of this fundraising surge, accounting...
The Ministry of Economy in the UAE has announced a partnership with Schneider Electric to enhance its NextGen FDI programme. This collaboration aims to scale climate-tech start-ups within the country, reflecting a commitment to fostering innovation in sustainable technologies. The partnership is expected to leverage Schneider Electric’s expertise in energy management and automation, enabling local...
The UAE has cemented itself as a top destination for foreign direct investment (FDI), with its thriving economy and investor-friendly policies drawing significant international interest. In 2023, the country saw a 35% surge in FDI inflows, hitting AED 112.6 billion, according to the UNCTAD World Investment Report 2024. The Ministry of Investment revealed that foundational...
Middle Eastern countries have secured $39 billion in investments and construction contracts from China under the Belt and Road Initiative (BRI) in 2024. This figure positions the region as the leading beneficiary of the infrastructure program, according to the China BRI Investment Report 2024, which is a joint effort by the Fudan International School of...
Dubai-based venture builder Disrupt.com has announced a fund of US$100 million aimed at supporting technology startups that focus on artificial intelligence globally. This initiative is designed to foster early-stage ventures across various sectors, including AI, cybersecurity, Web 3.0, automotive technology, and retail innovation. Founded by Aaqib Gadit, Uzair Gadit, and Umair Gadit, Disrupt.com is specifically...
The UAE is stepping up its efforts to attract investments in a number of important areas, such as industry, technology, financial services, and pharmaceuticals. At the Investopia conference in Abu Dhabi, the Minister of Investment, Mohamed Alsuwaidi, stressed the need to make things easier for businesses that want to set up shop in the Emirates....
UAE’s Ambrosia Investment Holding has made a big investment by acquiring a 50 percent stake in a gold mine located in Mali from Toronto-listed Allied Gold. The total investment amounts to approximately $500 million, which includes $375 million for the stake in the mine and an additional $110 million for a 12 percent share in...
Flow48, a fintech start-up based in the UAE, has successfully raised $69 million in a combination of debt and equity funding during its Series A round, which was led by the Parisian venture capital firm Breega. The funding round also included notable participation from Evolution Ventures, Endeavor Catalyst, Daphni, Speedinvest, 212, and Plus VC. This...
Multiply Group, an investment holding company based in Abu Dhabi, has made a move by securing a 67.91% stake in Tendam, a prominent player in the fashion retail sector. This landmark investment was made in partnership with CVC Capital Partners and PAI Partners, marking a pivotal moment for Multiply Group’s expansion strategy. The investment is...