Author: Mahdeehassan

Arzan Venture Capital (Arzan VC) announces a strategic partnership with Ahmad Takatkah to launch Revenya Capital, a groundbreaking revenue-based financing (RBF) firm focused on empowering tech startups in the MENA region. With an initial seed investment of $2 million from Arzan VC and Arzan Financial Group (AFG) and a credit facility from AFG’s network, Revenya Capital aims to fill the growing demand for non-dilutive financing options in the region. Revenya Capital plans to work closely with venture capital firms to provide their portfolio companies with short-term, non-dilutive financing for various needs such as marketing, inventory, events, equipment, and seasonal requirements.…

Dubai, United Arab Emirates,  – Longevity Wellness Hub, the pioneering alternative wellness destination that empowers individuals to Age Well and Live Better, is set to expand its footprint across the GCC with the launch of several state-of-the-art facilities. The expansion includes wellness hubs in Al Qudra, DIFC, The Palm Jumeirah, Riyadh, and Abu Dhabi, marking a significant milestone in Longevity’s mission to make holistic, personalized wellness more accessible across the region. Founded in 2019 by athlete and explorer Dani Afiouni, Longevity Wellness Hub has consistently redefined wellness by blending advanced technology with expert knowledge and tailored health solutions. With its innovative three-way business model, featuring a wellness…

Istanbul, Turkey November , 2024 – Media representatives from the Gulf joined leading telecommunications executives for an exclusive ELITE FWA Club Media Roundtable during the Global Mobile Broadband Forum 2024 (MBBF 2024) in Istanbul. The executive-level meeting, which brought together leadership from SAMENA Telecommunications Council and Huawei, explored the transformative potential of 5G-Advanced and Fixed Wireless Access (FWA) technologies across the Middle East. The discussion highlighted how 5G-Advanced technology is positioned to revolutionize connectivity and drive digital transformation across the GCC region. The technology’s impact spans multiple sectors, from healthcare and education to industrial applications, with particular emphasis on sustainable development…

DoubleTree by Hilton Dubai – Jumeirah Beach proudly celebrates a decade of passion, service, hospitality, and unforgettable experiences since opening its doors in 2014. Over the last 10 years, the hotel has embodied the warmth and generosity synonymous continuously redefining what it means to create memorable stays. Marking this special milestone, the hotel’s “Timeless 10” campaign honors the last decade with a series of surprise experiences and exclusive moments, including dining treats, complimentary spa treatments, and more for select guests throughout the year. The Secret Concierge: Unlocking Exclusive Surprises The celebrations kicked off with the “Secret Concierge” campaign, a unique…

The Innovative Startups and SMEs Fund (ISSF), the largest investment fund of its kind in Jordan, proudly announces a $5 million investment in Rua Growth I LP, a $45 million venture capital fund. Rua Growth I LP, with a sector focus on Marketplaces, Fintech, Enterprise Solutions, and SaaS, is dedicated to supporting early stage and inflection of growth startups. The Rua Growth Fund has been mandated by ISSF to reinvest the initial $5 million at a multiple in Jordanian startups. ISSF CEO Mohammed Al Muhtaseb stated, “We are proud to welcome Rua Growth Fund to our portfolio of funds. Their…

Viridia Tech has been named the overall winner of the 2024 Mega Green Accelerator, following an exciting industry Demo Day held in Riyadh where eight startups from across the Middle East and North Africa region showcased innovative solutions addressing food security, clean energy transitions, and the circular economy. The Mega Green Accelerator, launched in 2023 by PepsiCo, SABIC, AstroLabs, and eleven other strategic partners, received over 350 submissions. The eight selected startups participated in a six-month programme of trainings and workshops, mentorship from business leaders, and opportunities to network, scale their businesses, and gain access to investors. “PepsiCo has been…

Dubai – 22 OCT 2024 – CNTXT, a leading AI readiness and data solutions company, signed a partnership with AI71, a growing venture that develops AI applications powered by the Technology Innovation Institute’s Falcon AI models, at GITEX Global this week that will enhance the UAE’s AI data landscape. As part of the agreement, CNTXT will become AI71’s preferred data annotation partner. By focusing on critical areas such as data annotation and strategy, data governance and compliance, and AI readiness, CNTXT will help ensure that AI71 is equipped to maximize the value and impact of the data its AI solutions…

During a week of key ministerial meetings in Jeddah involving countries from across the MENA region, the Kingdom of Saudi Arabia has called for Arab states to intensify land restoration and drought resilience initiatives. It comes as Saudi Arabia’s incoming presidency of the 16th UN Convention to Combat Desertification (UNCCD COP16) ramps up international engagement to address land degradation, desertification and drought, ahead of the key global conference taking place in Riyadh in December. “COP16 in Riyadh will be the largest UNCCD COP to date, and the first to be held in the Middle East region. It is a crucial moment…

Saudi Venture Capital (SVC) announced an investment of $15 million in Saqr Fund II, a venture capital fund managed by Vision Ventures. Saqr Fund II, with a target size of $90 million, will invest in early-stage startups from pre-seed to pre-series B with a sector-agnostic approach in Saudi Arabia and the MENA region. Dr. Nabeel Koshak, CEO and Board Member at SVC, commented: “Our investment in the venture capital fund by Vision Ventures is part of SVC’s Investment in Funds Program, in alignment with our strategy to catalyse venture investments and minimise fund-raising entry barriers for fund managers who are…

Fuelre4m Makes a Significant Impact at Gitex Summit Dubai, 15th October 2024– Fuelre4m, a proud UAE-based British company, has successfully showcased its revolutionary approach to fossil fuel reforming at Gitex Impact. Managing Director Rob Mortimer presented the company’s pioneering solutions, including the world’s first Styrex technology, which addresses one of the globe’s most pressing pollution challenges: expanded polystyrene (EPS) waste. During his impactful presentation, Mortimer highlighted how Fuelre4m is transforming the energy landscape by reengineering fossil fuels through cutting-edge technology. “Our aspiration is clear: we aim to set a new standard of sustainability for industries worldwide. By refining fossil fuels,…