UAE-based fintech company Gainz has successfully completed a seven-figure pre-seed funding round that combines both equity and debt. This funding round was spearheaded by Antler MENAP, along with Lithium Holdings and Eleventh Invest Inc., and received support from various high-net-worth investors in the region. Founded in December 2024 by Shehab Mokhtar and Sherif Abdelaty, Gainz...
Trendyol, a rapidly growing e-commerce marketplace, has partnered with Zid, a leading e-commerce enablement platform in Saudi Arabia, to enhance growth opportunities for local merchants in the Kingdom and the UAE. This collaboration allows Zid merchants to integrate their stores with Trendyol, granting them immediate access to over three million customers on the platform. Mohamad...
Dubai’s Roads and Transport Authority (RTA) has announced the release of 116 tenders aimed at encouraging private sector participation, including small and medium enterprises (SMEs), until the end of 2025. This initiative is part of the Dubai Government’s Public-Private Partnership Strategy for 2024-2026, which is designed to stimulate economic growth in the emirate. The tender...
du has formed a partnership with Ignyte, a digital platform developed by the Dubai International Financial Centre (DIFC) under the Sheikh Hamdan Initiative. This collaboration aims to accelerate artificial intelligence innovation, support startups, and enhance digital inclusion across the UAE, aligning with du’s mission to foster the growth of small and medium enterprises (SMEs) through...
du, a leading telecom and digital services provider, has announced a strategic partnership with Ignyte, a digital platform developed by the Dubai International Financial Centre (DIFC) under the Sheikh Hamdan Initiative. This collaboration aims to accelerate AI innovation, support startups, and enhance digital inclusion across the UAE, in line with du’s commitment to fostering the...
Erad, a financing platform based in Riyadh, has successfully raised $16 million (equivalent to SAR 60 million) in a Pre-Series A funding round. This investment will be used to accelerate the company’s growth and expand its operations in Saudi Arabia, as well as other regional markets. The funding round was supported by a number of...
A recent study indicates that about 33 percent of government jobs in Dubai are at a significant risk of being affected by generative Artificial Intelligence (AI). The research also highlights that clerical support roles are the most vulnerable, with generative AI potentially eliminating 24 percent of the tasks associated with these positions. The study was...
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...