PIF’s Alat to Inject USD100B, Partners with Four Companies to Propel Saudi Tech Industry
Saudi Arabia
Saudi Arabia’s tech enterprise, Alat, under the ownership of the Public Investment Fund (PIF), has committed to a significant investment of $100 billion...
Bahrain EDB nets record $1.7bn investments in 2023
Bahrain
Bahrain Economic Development Board (Bahrain EDB) has announced that it has achieved a remarkable milestone, supported by Team Bahrain, netting a record level of...
Women-led VC firm Globivest completes first close of first fund
Dr. Nagla Dowidar
In a groundbreaking move, Globivest proudly announces the achievement of its first closing, solidifying its position as the premier women-led venture capital...
UAE launches $300 million Falcon Foundation to develop open-source AI
UAE
The Technology Innovation Institute (TII), a leading global scientific research centre and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC),...
Saudi proptech Rize raises $2.9 million Seed round
Saudi Arabia
Rize has announced the closure of its seed round, raising $2.9 million. Concurrently, the company has raised additional funds through debt to bolster its...
