EU and Egypt to Launch Platform to Mobilize USD 5.8B for Green Projects
The European Union and Egypt are launching a new joint platform aimed at mobilizing €5.3 billion (approximately USD $5.8 billion) in investments for green projects within Egypt, strengthening bilateral cooperation on climate and energy transition. Key Details The new EU-Egypt Green Hydrogen Platform was announced following discussions between European Commission President Ursula von der Leyen […]
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menaraisingstars
- June 21, 2025
UAE Proptech Startup Prop-AI Secures $1.5 Million Pre-Seed Round Led by Plus VC
Prop-AI, a UAE-based proptech platform powered by artificial intelligence, has successfully closed a $1.5 million pre-seed funding round. The investment was led by the regional venture capital firm Plus VC, with significant participation from a consortium of other investors. Building the Bloomberg of Real Estate Founded in 2023 by Ranime El Skaff and Christian Kunz, […]
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menaraisingstars
- June 21, 2025
QIA and ADIC Join USD 600M Round for US Vehicle AI Firm Applied Intuition
The sovereign wealth funds of Abu Dhabi and Qatar have made their first strategic investment in Applied Intuition, a California-based leader in vehicle intelligence software. The Abu Dhabi Investment Council (ADIC) and the Qatar Investment Authority (QIA) participated in the company’s massive $600 million Series F funding round, which values the US tech firm at $15 billion. Gulf Sovereign […]
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menaraisingstars
- June 21, 2025
Endeavor Catalyst Targets $300M Fund VI with Strong Focus on MENA Startups
The MENA startup ecosystem is poised for a significant boost as Endeavor Catalyst, the co-investment fund of the global Endeavor network, is targeting a new $300 million fund, Fund VI, with a dedicated focus on supporting high-impact entrepreneurs in the region and other emerging markets. A Strategic Focus on the MENA Ecosystem The new fund […]
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menaraisingstars
- June 21, 2025
UAE’s Saturnx Secures $3M Seed Round Led by White Star Capital to Boost Stablecoin Payments
Saturnx, a UAE-based stablecoin payments infrastructure company, has successfully closed a $3 million seed funding round. The investment was led by the global venture capital firm White Star Capital, with participation from other strategic institutional investors, and will be used to expand the company’s services across the vital Gulf to South Asia payment corridor. A […]
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menaraisingstars
- June 21, 2025
Saudi’s EDGNEX by NEOM Announces $2.3 Billion Investment for Jakarta Data Center
EDGNEX Data Centres by NEOM, the digital infrastructure subsidiary of Saudi Arabia’s futuristic city project, has unveiled ambitious plans to build a significant data center campus in Jakarta, Indonesia. The project, representing a total investment of $2.3 billion, marks a major expansion of the Saudi company’s global footprint. A Strategic Expansion into Southeast Asia This […]
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menaraisingstars
- June 21, 2025
Saudi Tech Giant MIS Exits Early Anthropic Stake
Saudi Arabian IT company Al Moammar Information Systems (MIS) has strategically exited its early investment stake in leading US AI firm Anthropic, selling its shares on the secondary market. Key Details MIS confirmed it has sold its entire stake in Anthropic, one of the world’s premier artificial intelligence research and development companies known for its […]
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menaraisingstars
- June 21, 2025
Egyptian Proptech Nawy Secures $23 Million in Debt Financing to Scale Operations
Egyptian proptech platform Nawy has successfully raised $23 million in debt financing, a move aimed at significantly boosting its operational capacity and market reach. Key Details The substantial $23 million debt facility was secured by Nawy to fuel its expansion plans. This funding will be primarily utilized to enhance its technology platform, expand its team, […]
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menaraisingstars
- June 21, 2025
Swypex Launches Egypt’s First Approval-Based Corporate Card to Accelerate Cashless Business Payments
Egyptian fintech startup Swypex has announced the launch of what it claims is Egypt’s first approval-based corporate card, aiming to empower businesses to move away from traditional cash and manual processes for managing expenses. Key Details The newly launched corporate card from Swypex is designed to streamline business spending by integrating directly into a company’s […]
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menaraisingstars
- June 21, 2025
Algeria Launches National Digital Platform to Enhance Blood Donation Management
Algeria’s Ministry of Health has officially launched a new national digital platform designed to streamline and modernize the management of blood donations across the country. This strategic initiative aims to centralize data, improve coordination, and make the process of donating blood more efficient for both citizens and healthcare administrators. A Two-Sided Platform for Donors and […]
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menaraisingstars
- June 21, 2025
