Alpen Capital’s latest hospitality sector report for the GCC projects the industry will return to pre-pandemic levels in 2022, registering a 74.8% year-on-year growth and reaching a revenue of USD 26.3 billion. It adds the industry is expected to grow with a Compounded Annual Growth Rate (CAGR) of 6.6% up to 2026. UAE-based investment banking […]
NEOM’s OXAGON, home to advanced and clean industries with industrial innovation at its core, today launched the first edition of its Hackathon, in partnership with Saudi Arabia’s Ministry of Education, powered by Blossom Accelerator. The three-day sprint is set to take place from October 6-8 in Riyadh, Saudi Arabia and is designed to foster a collaborative and […]
WebEngage, a full-stack retention operating system and one of the most resilient B2B SaaS startups, today announced that it raised USD 20 million in Series B led by Singularity Growth Opportunities Fund and SWC Global, with participation from existing investors India Quotient, Blume Ventures, and IAN Fund. The round also saw participation from a few family […]
Hoods, the first live entertainment shopping platform in the Middle East, is seeking a seed funding round to support its expansion plan. Hoods was founded by Mostafa Hanafy in Egypt at the end of 2020 and co-founded by Waleed Ghalwash through a pre-seed funding round in 2022 of $350,000 that included angel investors from the […]
Beams Fintech Fund is India’s first ever dedicated Growth Capital Fintech Fund, which invests in Companies operating at the confluence of Financial services and Technology space. The platform focusses on creating significant value for its portfolio companies and is looking to expand internationally and sees UAE well positioned to be the international hub and silk route […]
As part of its commitment to support national development strategies and programs, Desert Technologies Industries, which is one of the leading Saudi national companies that manufactures and exports solar panels, has announced that it has joined the “Made in Saudi Arabia” program emanating from the National Industrial Development and Logistics Program (NDLP). It aims to […]
Following $2.2 million in pre-Series A funding round, led by Rasameel Investment House in April 2022, Edtech startup Baims expands to Turkey considering it the 5th market Baims operates in and one of the biggest. Founded in late 2017 by Yousef Alhusaini and Bader AlRasheed, Baims, which stands for Big Aims, offers online tailored recorded […]
TECOM Group (DFM: TECOM), (the “Company” or the “Group”), the creator of specialised business districts and vibrant communities, today announced its financial results for the second quarter (Q2) and first half (H1) ending 30 June 2022. – Revenue for the first six months of 2022 increased 15.8% year on year (YoY) to AED 989 million […]
With the appreciation of US dollar against the Indian National Rupee, India remains a preferred destination for residential and commercial real estate. The pandemic experience and the current economic trajectory have made many consider investments in their homeland. The demand queries from the GCC are increasing exponentially in price brackets across premium and luxury categories. […]
UAE based conglomerate Sharafi Holding Group has moved its IT distribution business from Gerab Systems Technology (GST) to Ampconnect. The purpose is to redefine the future of digital distribution and enable strategic growth for the IT distribution business. Building on its legacy of being a technology leader at the helm of the IT market since 1987, […]
