Dubai-based fintech startup Fuse has successfully raised US$6.6 million in seed funding, aiming to tackle payment challenges for businesses looking to enter the Middle East and North Africa (MENA) region. The funding round was led by Northzone, with additional contributions from Flourish Ventures, Alter Global, and notable angel investors such as Flutterwave CEO Olugbenga Agboola...
Haldirams, one of India’s largest snack brands, has secured a significant investment from Abu Dhabi’s International Holding Company (IHC). Alongside IHC, Alpha Wave Global has also acquired equity in Haldirams, marking a strategic move that aims to bolster the company’s financial standing and provide the necessary funds for further expansion, particularly in the United States...
Abu Dhabi’s Mubadala Investment Company has recently made a significant investment in the US alternative real estate commercial lender 3650. This funding round also included a repeat investment from the California State Teachers’ Retirement System (CalSTRS), totaling $215 million in new investments. While the exact financial details of Mubadala’s investment have not been disclosed, the...
UAE-based healthtech company Valeo Health has successfully raised $12 million in its Series B funding round, increasing its total funding to $20 million. This announcement was made in a recent press release, highlighting the company’s strong position in AI-driven healthcare solutions. The funding round was led by Flintera, with participation from existing investors including Nuwa...
Cambridge Associates has announced its expansion into Dubai, aligning itself with other financial managers eager to access the city’s substantial private wealth. The firm, which specializes in assisting institutional investors such as endowments, foundations, and family offices in managing their investments across various asset classes, received a regulatory license from the Dubai Financial Services Authority...
Saudi Arabia has introduced a new incentive package aimed at attracting foreign direct investments (FDI) into its mining sector, which is part of the Kingdom’s ongoing efforts to diversify its economy. This initiative reflects the nation’s commitment to enhance its investment environment and foster growth within the mineral exploration industry. The Ministry of Investment is...
BlackRock Inc. is collaborating with Emirates NBD, a prominent Dubai-based lender, to launch a new platform aimed at providing Middle Eastern investors with enhanced access to rapidly growing private markets. This initiative is expected to significantly benefit wealth clients of Emirates NBD by offering them opportunities in private credit and alternative assets. The new product...
The MENA FinTech Association (MFTA) has announced a strategic partnership with the FinTech Armenia Association, aimed at bolstering fintech innovation in both regions. This collaboration, which was revealed in a press release, signifies a step forward in enhancing cross-border synergies in Financial Technology, Artificial Intelligence, and Banking. It emphasizes the goal of strengthening the global...
Abu Dhabi is set to welcome more than 25,000 participants, including prominent figures and top global investors, during the AIM Investment Summit 2025. The event, taking place under the theme “A Roadmap for Investment,” aims to explore the best investment opportunities available in various sectors. The summit will feature a diverse lineup of speakers and...
The UAE property market is gaining traction among foreign institutional investors, who previously viewed it as speculative and unstable. This shift in perception is largely due to the potential for substantial returns and the country’s dependable rule of law. For a long time, many investors dismissed the UAE real estate sector as merely a luxury...