Yango Group, a global technology firm, has introduced Yango Ventures, a corporate venture fund aimed at empowering young entrepreneurs across high-growth regions, including LATAM, Sub-Saharan Africa, and MENAP. This initiative is designed to boost local innovation and entrepreneurial growth by offering both capital and access to Yango Group’s extensive experience and network, enabling startups to...
NymCard, the only embedded finance platform operating in over 10 countries across the MENA region, has successfully raised $33 million in its latest Series B funding round. This investment was led by QED Investors, marking their largest investment in the region and the first in the Gulf, which highlights the increasing global confidence in MENA’s...
Abu Dhabi’s renewable energy company, Masdar, is in advanced negotiations to acquire a 49.9% stake in a solar portfolio managed by the Spanish power utility Endesa for approximately $200 million. The deal involves a solar portfolio with a capacity of around 450 megawatts and is expected to strengthen the existing partnership between the two companies....
MENA Analytics, a market research and data company based in Palestine, has received an investment from Ibtikar Fund, the only venture capital fund in Palestine. This funding is aimed at supporting MENA Analytics’ plans to expand its operations into Jordan and Saudi Arabia. The company has already established a strong presence in Palestine and is...
Ninety One Plc is actively buying stocks from the United Arab Emirates as investors seek alternatives that are less vulnerable to the ongoing trade war initiated by former President Donald Trump. The firm’s emerging-markets equity team, which oversees $11 billion in assets, is particularly favoring the UAE for its “uncorrelated markets” in relation to U.S....
Ras Al Khaimah (RAK) is increasingly becoming a significant global investment hub, attracting businesses and luxury developers with its investor-friendly policies and stunning natural landscapes. The emirate has seen a remarkable transformation, moving from a quiet escape to a hotspot for global enterprises. In 2024, RAK recorded a 12% increase in tourism revenues, welcoming over...
The Abu Dhabi Investment Authority (ADIA) is enhancing its focus on Artificial Intelligence (AI) by participating in a $200 million seed funding round for a US-based firm specializing in life sciences called Lila Sciences. The financial specifics of this investment, which was made through a wholly owned subsidiary of ADIA, have not been disclosed. Lila...
Impact46, acting as the fund manager for the Venture Capital InsurTech Fund and Impact Growth Fund, has successfully sold all of its shares in Rasan Information Technology Company. This transaction involved 13,296,836 shares, which constitute approximately 17.16% of Rasan’s total share capital. The sale was executed through an Accelerated Bookbuild Offering, and the offering size...
UAE-based wellness company Longevity Wellness Hub has successfully raised US$4 million from undisclosed investors. This funding will facilitate the company’s expansion across the Gulf Cooperation Council (GCC) region. Founded in 2019 by Dani Afiouni, Longevity Wellness Hub offers a range of services, including hyperbaric oxygen therapy, red light therapy, and quantum diagnostics. The company plans...
Abu Dhabi’s MGX has made a landmark investment of $2 billion in Binance, marking the first institutional investment in the world’s largest cryptocurrency exchange. This significant move into the cryptocurrency sector comes as MGX seeks to diversify its portfolio, particularly into blockchain and related technologies. According to Bloomberg, the investment represents MGX’s inaugural entry into...