Author: Mahdeehassan

ElGameya, Egypt’s leading fintech platform digitising the traditional ROSCA savings model, today announced the successful closing of a new 7-figure USD investment round, aiming to accelerate the development of its technology platform. The round was led by AYADY for Investment and Development, with participation from prominent investors, including Jedar Capital, Cubit Ventures, Venture Notes, P-Maestro, and a group of both local and international angel investors. Founded in 2020, ElGameya aims to modernise and streamline the culturally rooted ROSCA (Rotating Savings and Credit Association) model, which is an integral part of the financial culture in Egypt and many other countries. Through…

Kuwait City – Circle, a fast-growing quick commerce startup founded in Kuwait, has secured $6 million in Series A funding from a consortium of strategic investors, marking a significant milestone in its mission to reshape the future of retail and consumption across the region. Since its inception in 2020, Circle has transformed the marketplace experience, evolving intoto a tech-driven quick commerce brand with the launch of dark stores in mid-2023. This strategic shift has propelled the company to 7x revenue growth in Kuwait over the past two years, driven by its commitment to hyperlocal speed, customer peace of mind, and…

As the global betting and iGaming industry descends on Malta this June, payments will take centre stage as part of SBC Summit Malta’s dedicated Payments Innovation track. The track, which takes place on Thursday, 12 June at the InterContinental Hotel, will unite payments executives, fintech specialists, and compliance leaders to explore the most pressing challenges and emerging opportunities in payment technology. With sessions on Open Banking, crypto investment, and the future of fraud prevention and KYC, this track equips professionals to navigate regulatory changes, adapt to disruptive technologies, and meet rising player expectations. Discussing the inclusion of the Payments Innovation track at SBC Summit Malta, SBC CEO and founder, Rasmus…

AUTONOMOUS A2Z secured AV approval in Singapore and proved global scalability by adapting to right-hand drive through K-City testing. Singapore, May 19, 2025 — AUTONOMOUS A2Z, South Korea’s leading autonomous driving technology firm led by CEO Ji-hyeong Han, announced today that it has successfully obtained the Milestone 1 (M1) Vehicle Safety Assessment approval from Singapore’s Land Transport Authority (LTA). This achievement marks AUTONOMOUS A2Z as the first Korean company authorized to operate autonomous vehicles (AVs) on public roads in Singapore under specific designated conditions. In Singapore, autonomous vehicles must pass rigorous Milestone 1 (M1) safety assessments administered by the Centre…

Wyld VC, a new early-stage venture capital firm founded by Saudi investor Tala Hasan Al-Jabri, has announced the launch of its inaugural $50 million fund — marking the first AI-native VC fund to emerge from the MENA region. The launch coincided with US President Donald Trump’s high-profile visit to Riyadh from May 13-16, a trip focused on strengthening bilateral ties in key sectors including defence, technology, and artificial intelligence. “The GCC is leading the charge in catalysing an AI revolution—through massive infrastructure investments, advanced research and model deployment, and transparent, innovation-forward regulation,” said Al-Jabri, founder and managing partner of Wyld…

WakeCap, the sensor-powered project intelligence and controls platform trusted by the world’s most ambitious construction and oil and gas programs, today announced the close of its US$28 million Series A round. The round was led by UP.Partners, with participation from Graphene Ventures and strategic investors across the U.S., Saudi Arabia, and Asia. WakeCap transforms how construction projects are managed through live, site-wide visibility across workforce, safety, productivity, and progress. Its technology protects and empowers jobsite workers, transforming construction sites into a safer and more reliable place to work. With more than 150 million labor hours tracked and deployments across US$80 billion in active projects…

Abu Dhabi, May 14, 2025 – South Korea and the United Arab Emirates (UAE) brought together their next-generation leaders to explore future cooperation in science, technology, innovation, and sustainability. A special exchange event was held at the Emirates Foundation in Abu Dhabi, hosted by the Korea Foundation (KF). The event featured participants from the KF Global Fellows program and the UAE government’s National Experts Program (NEP), marking the first formal engagement between rising STEM leaders from both countries. The gathering served as a platform for in-depth dialogue on shared national goals, including sustainability through innovation, the future of energy, talent…

CPX Holding, a leading provider of cutting-edge cyber and physical security solutions and services, has announced the acquisition of spiderSilk, a pioneering cyber-AI product company renowned for its proprietary AI-powered defensive technologies, including the flagship exposure management platform, Resonance. The acquisition combines CPX’s trusted end-to-end expertise in threat detection, analysis, and remediation with spiderSilk’s product-led innovation and AI-driven technologies. Together, they aim to offer organisations more intelligent, integrated and agile solutions to defend against today’s most complex cyberthreats. This alliance paves the way for expansion into key international markets, including North America, Saudi Arabia and the GCC, and positions the…

Student-built EVs go head-to-head in 90-minute showdown at Yas Kart Zone Dubai, UAE, 5th May, 2025: A team from the International School of Choueifat, Sharjah secured victory in the Greenpower UAE Grand Prix, an endurance race that brought together students from across the country to compete with electric vehicles built in the classroom. The winning team, VoltStar, combined to complete 79 laps of the Yas Kart Zone track at Abu Dhabi’s Yas Marina Circuit yesterday, three more than their nearest rivals, the Leopards team from GEMS Dubai American Academy Finishing third after clocking up 74 laps were the Immortal Speedsters from…

Fuze, the Middle East and Turkey’s fastest-growing digital assets infrastructure firm, today announced the successful completion of a $12.2 million Series A funding round led by Galaxy (TSX: GLXY), a global leader in digital assets and data centre infrastructure, and e& capital, the venture capital and investment arm of global technology group e& (ADX: EAND). Fuze provides Digital Assets-as-a-Service infrastructure enabling financial institutions and businesses across MENA and Turkey to offer regulated digital assets to their clients, as well as an Over-The-Counter (OTC) trading desk. In addition, Fuze has now launched a full suite of stablecoin infrastructure products and recently…