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UAE

Startups

+4

Qureos raises $5m seed round to cut hiring timelines from months to days

Feb 4, 2026

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3 min read

Qureos raises $5m seed round to cut hiring timelines from months to days

The round was led by Prosus Ventures and Salica Oryx Fund, with participation from Oraseya Capital, Plus VC, F6 Ventures, BDev Ventures, Sunny Side Venture Partners, and existing investors COTU Ventures and Globivest.

Jamie Lane
Jamie Lane

Funding

+4

Shorooq launches $200m late-stage growth fund backed by QIA

Feb 2, 2026

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3 min read

Shorooq launches $200m late-stage growth fund backed by QIA

The fund is backed by Qatar Investment Authority alongside other sovereign and institutional investors from the GCC and Asia, with the launch announced at Web Summit Qatar.

Jamie Lane
Jamie Lane

Startups

+4

Property Finder secures $170M in new funding led by Mubadala and BECO Capital

Jan 27, 2026

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4 min read

Property Finder secures $170M in new funding led by Mubadala and BECO Capital

The round follows $525 million invested in 2025 by funds advised by Permira, with significant participation from Blackstone Growth.

Jamie Lane
Jamie Lane

Startups

+4

Dubai-based Mantas raises $1.77M Seed to tackle cloud downtime risk with parametric insurance

Jan 27, 2026

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2 min read

Dubai-based Mantas raises $1.77M Seed to tackle cloud downtime risk with parametric insurance

The round includes participation from Nuwa Capital, Suhail Ventures, Plus VC, OQAL Angel Syndicate, and a group of angel investors.

Jamie Lane
Jamie Lane

News

+2

OpenAI courts Middle East investors for potential $50B mega-round as Sam Altman meets Abu Dhabi-backed funds

Jan 23, 2026

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3 min read

OpenAI courts Middle East investors for potential $50B mega-round as Sam Altman meets Abu Dhabi-backed funds

The talks are preliminary, but OpenAI is said to be exploring a raise of $50 billion or more at a valuation in the range of $750 billion to $830 billion.

Jamie Lane
Jamie Lane

Startups

+5

Applied AI raises pre-Series B from Mubadala and Arbor Ventures to scale enterprise workflow platform

Jan 22, 2026

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3 min read

Applied AI raises pre-Series B from Mubadala and Arbor Ventures to scale enterprise workflow platform

The investment comes just months after Applied AI raised a $55 million Series A at a reported $300 million pre-money valuation in February 2025.

Jamie Lane
Jamie Lane

Startups

+3

Arabic.AI partners with Amjad Masad’s Replit to launch free, fully localised Arabic coding courses across MENA

Jan 15, 2026

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3 min read

Arabic.AI partners with Amjad Masad’s Replit to launch free, fully localised Arabic coding courses across MENA

The initiative marks the first full localisation of Replit’s educational content into Arabic, giving students, engineers, and aspiring developers access to hands-on, production-ready software development courses without language barriers.

Jamie Lane
Jamie Lane

Fintech

+5

Abdallah Abu-Sheikh’s Mal, raises $230M in largest Seed round in MENA for AI-powered Islamic finance platform

Jan 13, 2026

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3 min read

Abdallah Abu-Sheikh’s Mal, raises $230M in largest Seed round in MENA for AI-powered Islamic finance platform

The round was led by BlueFive Capital, which manages more than $4 billion in assets, with participation from strategic investors and family offices.

Jamie Lane
Jamie Lane

Fintech

+3

Revolut continues UAE hiring spree, as it eyes acquisition of neobank FUPS in Turkey

Jan 9, 2026

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3 min read

Revolut continues UAE hiring spree, as it eyes acquisition of neobank FUPS in Turkey

The London-headquartered fintech is advertising new roles across compliance, risk, and senior commercial leadership, including a Head of Marketing and Growth.

Jamie Lane
Jamie Lane

Saudi Arabia

+5

Musk's xAI raises $20B Series E as Qatar Investment Authority and Abu Dhabi-based MGX anchor mega-round

Jan 7, 2026

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4 min read

Musk's xAI raises $20B Series E as Qatar Investment Authority and Abu Dhabi-based MGX anchor mega-round

The upsized $20 billion round highlights a deepening Gulf split in frontier AI, as sovereign funds increasingly pick sides across OpenAI, Anthropic, and Elon Musk’s compute-first platform.

Jamie Lane
Jamie Lane

SaaS

+4

MilkStraw AI raises $2M seed round led by VentureSouq

Jan 5, 2026

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2 min read

MilkStraw AI raises $2M seed round led by VentureSouq

The UAE-focused startup, which automates cloud infrastructure cost management, also saw participation from Ibtikar Fund and M Capital. The company said the round was closed in approximately 45 days.

Jamie Lane
Jamie Lane

Saudi Arabia

+2

CloudKitchens pauses Middle East IPO plans, weighs private placement instead

Dec 19, 2025

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2 min read

CloudKitchens pauses Middle East IPO plans, weighs private placement instead

The PIF-backed ghost kitchen operator has put a potential regional listing on hold and is exploring a private placement for its Middle East business, after previously targeting a $2bn valuation and a dual Abu Dhabi–Saudi IPO as early as 2026.

Jamie Lane
Jamie Lane

Saudi Arabia

+3

The Gulf's Hollywood gambit unravels

Dec 19, 2025

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7 min read

The Gulf's Hollywood gambit unravels

Kushner exits, Trump turns hostile, and the WBD board calls Paramount's financing "illusory." Netflix wins, for now.

Jamie Lane
Jamie Lane

Saudi Arabia

+3

Noon raises $500m from PIF-backed investors as Middle East e-commerce giant eyes IPO

Dec 12, 2025

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3 min read

Noon raises $500m from PIF-backed investors as Middle East e-commerce giant eyes IPO

Founded in 2016, noon launched with the PIF holding a 50% stake and investors led by Alabbar owning the remainder.

Jamie Lane
Jamie Lane

Saudi Arabia

+4

Three Gulf sovereign funds team up on an unprecedented Hollywood hostile bid

Dec 12, 2025

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7 min read

Three Gulf sovereign funds team up on an unprecedented Hollywood hostile bid

Paramount's $108 billion offer for Warner Bros. Discovery marks a rare moment of Gulf cooperation – and signals the region's ambitions to control, not just consume, American entertainment.

Jamie Lane
Jamie Lane

Startups

+5

UAE proptech Byit Capital raises $1.1M to scale its agent-first brokerage model across the Gulf

Dec 9, 2025

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2 min read

UAE proptech Byit Capital raises $1.1M to scale its agent-first brokerage model across the Gulf

Backed by A15, Beltone Holding and angels, Byit plans rapid expansion into Saudi Arabia after growing its network to more than 40,000 freelance brokers.

Jamie Lane
Jamie Lane

Fintech

+4

CoinMENA acquired by Paribu in up to $240M deal, marking Türkiye’s largest fintech transaction

Dec 5, 2025

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3 min read

CoinMENA acquired by Paribu in up to $240M deal, marking Türkiye’s largest fintech transaction

The Turkish crypto giant gains VARA and Bahrain licenses through its purchase of CoinMENA, expanding regulated operations into the MENA region as consolidation accelerates across digital asset markets.

Jamie Lane
Jamie Lane

Startups

+3

UAE renovation-tech startup Reno raises $4M to expand its end-to-end home upgrade platform across the GCC

Dec 5, 2025

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2 min read

UAE renovation-tech startup Reno raises $4M to expand its end-to-end home upgrade platform across the GCC

Backed by Sanabil 500, Hub71 and Plus VC, Reno will use the new capital to scale its renovation operating system, launch an AI-powered design app and grow its footprint across Gulf markets.

Jamie Lane
Jamie Lane

Contech

+3

Buildroid AI emerges from stealth with $2M pre-Seed led by Tim Draper to deploy AI robotics in UAE construction

Nov 25, 2025

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2 min read

Buildroid AI emerges from stealth with $2M pre-Seed led by Tim Draper to deploy AI robotics in UAE construction

The startup, founded by the builders behind Mighty Buildings and Glance Clock, is piloting its first block-laying robot and targeting the UAE’s $42.75 billion construction market.

Jamie Lane
Jamie Lane

Startups

+4

Strataphy raises $6M Seed to develop geothermal cooling systems for data centres and industrial infrastructure

Nov 25, 2025

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2 min read

Strataphy raises $6M Seed to develop geothermal cooling systems for data centres and industrial infrastructure

Outliers VC leads investment to scale subsurface-powered cooling technology across Saudi Arabia and the UAE.

Jamie Lane
Jamie Lane

Startups

+3

Kingpin raises $3.5M Seed to scale AI-native B2B retail platform globally

Nov 21, 2025

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2 min read

Kingpin raises $3.5M Seed to scale AI-native B2B retail platform globally

The UAE-based startup will expand from the Middle East into Europe and North America as it builds AI-powered infrastructure for global distribution.

Jamie Lane
Jamie Lane

Healthtech

+3

Nabta Health raises $2M pre-Series A to scale AI-powered women’s health platform

Nov 19, 2025

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2 min read

Nabta Health raises $2M pre-Series A to scale AI-powered women’s health platform

The UAE-based startup brings total funding to USD 4.5 million as it accelerates a hybrid care model spanning digital, at-home and in-clinic services across MEA.

Jamie Lane
Jamie Lane

Food Delivery

+2

Talabat posts strong Q3 while newly acquired Instashop still struggles to keep pace

Nov 14, 2025

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2 min read

Talabat posts strong Q3 while newly acquired Instashop still struggles to keep pace

Talabat’s core delivery engine continues to expand at pace, though Instashop’s recovery remains uneven following its USD 32 million acquisition earlier this year.

Jamie Lane
Jamie Lane

News

+2

DataCamp acquires UAE’s Optima in $15 million deal to embed AI-native learning into its global platform

Nov 12, 2025

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3 min read

DataCamp acquires UAE’s Optima in $15 million deal to embed AI-native learning into its global platform

The US edtech company will integrate Optima’s adaptive AI technology and launch free data and AI courses for UAE educators, students, and government employees as part of its first regional initiative.

Jamie Lane
Jamie Lane

Saudi Arabia

+4

How the Gulf is Fighting for AI Supremacy on the Ocean Floor

Nov 12, 2025

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12 min read

How the Gulf is Fighting for AI Supremacy on the Ocean Floor

As hyperscalers like Google and Meta rewire the internet with private subsea cables, Gulf states are building their own routes to control the arteries of AI. The new battle for digital sovereignty is being waged on the ocean floor.

Jamie Lane
Jamie Lane
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