Middle East
Finance
VC firm Waad Investment launches debut fund with $200 mn target
Waad Investment, a Saudi Arabia-based venture capital firm backed by a consortium of Gulf-based investors and family ......
Finance
Why Dubai's DFDF is pressing on early-stage bets as the way forward
Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-funds, has endorsed early-......
Finance
Golden Gate Ventures' Lints on portfolio mix for first MENA fund, LPs and more
Golden Gate Ventures (GGV), a Singapore-based early-stage venture capital firm that launched a $100 million target ......
Finance
Oman sovereign wealth fund's total assets rise to $49.9 bn in 2023
The assets of Oman's sovereign wealth fund stood at 19.2 billion rials ($49.9 billion) at the end of 2023, up ......
Infrastructure
Qatar Airways to buy 25% stake in South African carrier Airlink
Qatar Airways will take a 25% stake in South Africa-based regional carrier Airlink as both airlines seek to boost ......
TMT
MENA Digest: Volume low this week; July funding amount jumps threefold
Startup funding activity in the Middle East and North Africa region this week was led by UAE-based meals aggregator ......
People
Dubai Future District Fund sees change of guard as CEO steps down
Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-fund is undergoing a change of......
Others
ADQ to pick up stake in auction house Sotheby's
Abu Dhabi wealth fund ADQ and Sotheby's majority owner Patrick Drahi will invest $1 billion in the auction house in ......
Manufacturing
Saudi PIF to invest up to $1.5 bn in EV maker Lucid
Lucid Group said on Monday its largest shareholder, Saudi Arabia's Public Investment Fund, will inject up to $1.5 ......
Infrastructure
Dubai's Sidara drops plans to buy UK's Wood Group
Dubai's Sidara said on Monday it was walking away from its plan to buy UK's John Wood Group, citing rising ......
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