Latest
Fintech
+1
Jul 5, 2026
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4 min read
Building the AWS for Middle East Fintech
Lean has raised more than $100M to build the region’s fintech infrastructure layer. We sat down with CPO Tewfik Cassis on the eve of the company’s biggest product launch to date, to talk Pay by Bank, open finance, stablecoins, agentic commerce and why Lean’s ambitions now stretch far beyond open banking.
News
+2
Jul 3, 2026
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2 min read
OSN proposes taking Anghami private two years after buying control
The streaming group, which owns around 67% of the Nasdaq-listed Arab music platform, has offered $3.39 a share in cash for the rest, the stock's three-month volume-weighted average rather than a premium, and has told the board it will not sell its stake to a third party, effectively ruling out a rival bid.
Fintech
+3
Jul 3, 2026
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1 min read
Beehive completes majority acquisition of Saudi debt crowdfunding platform Themar
The deal makes the Dubai-born SME lender the first digital SME financing platform regulated across the UAE, Oman and Saudi Arabia, converting a Saudi presence run through banking partnerships since 2020 into a fully regulated operation. Terms were not disclosed.
Agritech
+3
Jul 3, 2026
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1 min read
Maalexi raises $2.8M led by Saudi insurer Tawuniya as it builds a tokenised agricultural exchange
The oversubscribed round brings the Tadawul-listed insurer onto the cap table of the UAE agri-fintech alongside returning lead Global Ventures, as Maalexi positions for a Series A and layers a regulated real-world asset exchange on top of its trade-verification platform.
Analysis
+2
Jul 1, 2026
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14 min read
Tokenmaxxing and renting the frontier
How are founders and operators building across MENA thinking about token-spending caps, frontier versus open source model usage, and export controls?
Fintech
+3
Jun 30, 2026
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2 min read
Tabby secures consumer and SME finance licences from SAMA, opening up larger purchases and working capital
The two SAMA licences let Tabby offer Saudi customers longer instalment plans of up to SAR 50,000 on bigger-ticket purchases alongside its existing four-payment product, and extend working capital to the retailers on its platform.
Startups
+3
Jun 30, 2026
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3 min read
1001 raises $30M Series A led by Lux Capital to build sovereign AI for Gulf critical infrastructure
Eight months after its $9 million seed, 1001 has more than tripled its raise, backing its pitch to build AI that helps operators run critical infrastructure like airports, ports and energy grids.
Fintech
+2
Jun 26, 2026
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2 min read
Morocco's central bank puts Revolut entry on ice, says fintech's services already covered by local banks
Governor Abdellatif Jouahri said Bank Al-Maghrib is tied up with more urgent regulatory work and sees no pressing need for a new foreign player.
Fintech
+2
Jun 26, 2026
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2 min read
PayPal Ventures winds down, leaving its $100M Middle East and Africa pledge in limbo
Nine months after PayPal committed $100 million to startups across the Middle East and Africa, the corporate venture arm meant to deploy much of it has paused new investments.
Fintech
+2
Jun 25, 2026
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2 min read
Lean and Ziina launch one-tap Pay by Bank top-ups, the UAE's first recurring Open Finance payment experience
Built on Lean's Deposits product, the feature lets Ziina users link a bank account once and top up their wallet with a single tap, moving Pay by Bank in the UAE past one-off transactions and into the repeat, low-friction flows that drive daily use.
Healthtech
+2
Jun 25, 2026
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1 min read
BioSapien wins Abu Dhabi regulatory approvals to begin Phase I cancer trials for its MediChip platform
The Department of Health, the Emirates Drug Establishment and an institutional review board have cleared the 3D-printed chemotherapy implant for first-in-human trials, with patient enrolment in colorectal cancer expected to begin within weeks.
Funding
+4
Jun 24, 2026
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2 min read
Abu Dhabi's MGX raises close to $50B in one of the largest AI funds ever
The firm has assembled a portfolio spanning frontier models, semiconductor infrastructure and data centres, with stakes including OpenAI and xAI.
Oman
+4
Jun 23, 2026
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2 min read
Oman's Phaze Ventures backs Metal, the AI fundraising startup from Airlift founder Usman Gul
Metal sells software to help founders run the fundraising process, built by Usman Gul, whose previous company, the grocery-delivery startup Airlift, raised Pakistan's largest-ever round before collapsing in 2022.
