Latest
Fintech
+4
Jun 12, 2026
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2 min read
Egypt's Thndr receives initial approval for Saudi brokerage licence, targets Q1 2027 launch
The Saudi push comes as the EGX ranked Thndr the largest of its 120 brokerages by value traded in the first four months of 2026, with a 12.9% market share and $1 billion in assets under custody across its products.
Morocco
+3
Jun 11, 2026
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1 min read
Morocco's Agenz raises $5M seed co-led by Breega, Attijariwafa Ventures and Saviu to digitise property transactions
The oversubscribed round marks Paris-based Breega's first investment in Morocco and brings the corporate venture arm of North Africa's largest bank onto the cap table of a platform drawing more than 730,000 monthly visits.
Fintech
+3
Jun 11, 2026
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1 min read
Egypt's Blnk raises $37.1M in equity and debt to expand point-of-sale consumer financing
The package comprises a $12.5 million Series A led by Algebra Ventures and $24.6 million in local debt facilities, and follows the company reaching profitability in 2025 on the back of a 173% year-on-year revenue increase.
Fintech
+3
Jun 11, 2026
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1 min read
Egypt's MNT-Halan hits $1.4B valuation as Al Ahly Capital leads new round, putting the National Bank of Egypt on the cap table
Founded in 2018 by Mounir Nakhla and Ahmed Mohsen, MNT-Halan offers consumer and business lending, payments, e-wallets, savings, investments and e-commerce services, all running on Neuron, its proprietary core banking software.
Jordan
+2
Jun 11, 2026
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1 min read
Jordan's ISSF commits $7M to Endeavor Catalyst V
It’s a returning LP, having committed $2 million to Endeavor Catalyst III back in 2020, making this week's cheque a more than threefold increase on its previous publicly disclosed exposure.
Analysis
+2
Jun 10, 2026
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18 min read
Does CargoX's $250M bet on drone delivery in the Gulf make sense?
The man who rang the bell on Talabat's $10B IPO is back with a $250M warchest. We piece together what CargoX actually is, where in the delivery chain the economics genuinely work, and dig into the UAE's regulatory tailwinds.
News
+2
Jun 9, 2026
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2 min read
Algebra AI emerges from stealth with $7M to bring managed AI operations to the GCC mid-market
Led by Anis Harb, former head of Deliveroo's Middle East business, the round was backed by Infinity Constellation, BECO Capital, Silicon Badia and Waseel Investments.
News
+4
Jun 5, 2026
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2 min read
Anthropic files for IPO after $65bn round at $965B valuation as QIA and MGX both deepen Gulf stakes
The filing makes Anthropic the third major AI company to move toward a public listing in 2026, following Cerebras, which listed on the Nasdaq in May at a $70B valuation, and ahead of rival OpenAI.
Startups
+3
Jun 5, 2026
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2 min read
Byju's founder faces Singapore jail sentence in QIA dispute as $22 billion edtech collapse deepens
The contempt finding relates to a $150 million loan provided by Qatar Holdings, a QIA subsidiary, to Byju's Investments, a Singapore-based entity of which Raveendran was personal guarantor.
Startups
+4
Jun 5, 2026
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1 min read
CNTXT AI acquires Actualize to power Arabic voice agents across the GCC
Actualize develops Arabic voice models built natively for Gulf dialects with a research team drawn from Google, Nokia and Siemens.
News
+2
Jun 3, 2026
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1 min read
Dubai's du launches $50m corporate venture fund managed by Shorooq
The mandate adds another vehicle to a rapid expansion at Shorooq, which also launched the $100 million Presight-Shorooq Fund I, in partnership with G42's ADX-listed AI arm Presight in late 2025.
Startups
+4
Jun 2, 2026
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2 min read
Ex-talabat chief Tomaso Rodriguez to lead $250M autonomous delivery venture CargoX
The funding round, led by Abu Dhabi's BlueFive Capital, reunites Rodriguez with the delivery sector seven months after he stepped down as talabat chief executive, and follows BlueFive's record $230m seed into the Islamic digital bank Mal in January.
