Qatar-based AI-enabled healthtech Lillia has raised a $1.7 million grant from the Qatar Research, Development and Innovation (QRDI) Council. Founded in 2020 by Sujit Chakrabarty, Lillia was formed through the…

A consortium of investors has launched "Al Madinah Angels" to support the entrepreneurial landscape in Saudi Arabia's Al Madinah Al Munawarrah, as part of Al Madinah Ventures Initiatives. The network is a collaboration…

Saudi Arabia-based cybersecurity firm CQR has secured a $3 million funding round led by Shorooq. Founded in 2023 by Naser Aldossary, CQR provides businesses with AI-driven, product-based cybersecurity solutions. This investment will accelerate CQR's ability…

Egypt-based fintech Fawry has invested $1.6 million in three Egyptian fintech companies, which are Dirac Systems, Virtual CFO, and Code Zone, acquiring equity stakes of 51.0%, 56.6%, and 51.0%, respectively. …

German logistics company DHL eCommerce, the e-commerce logistics specialist of DHL Group, has acuired Saudi parcel logistics company AJEX for an unknown value. AJEX, founded in 2021 and backed by Ajlan &…

Egypt’s fintech sector has expanded 5.5 times in the past five years, driven by digital payments, lending, and B2B marketplaces, according to Entlaq's latest report, which was launched in collaboration…

UAE-based fintech Flow48 has closed a $69 million Series A funding round in a mix of debt and equity. The round is led by Breega and has seen further investments…

UK-based automotive intelligence platform Pinewood.AI has agreed to acquire Seez for $46.2 million in cash and shares. The share component is expected to grow over the following three years. Founded…

Lola, a Bahrain-based foodtech, has raised $1.3 million in a pre-seed funding round from Plus VC, Vision Ventures, and angel investors. Founded in 2023 by Othman  Janahi, Lola offers a…

omnispay, a UAE-based fintech, has raised $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., with participation from regional and international investors.  Founded in 2022 by…