Travis Kalanick’s CloudKitchens targets $2.5 B Dual IPO Backed by PIF
Travis Kalanick’s CloudKitchens is planning a $2.5 billion dual listing in Saudi Arabia and the UAE, backed by the Public Investment Fund, sources tell TechScoop.
Tencent applies for SAMA approval to launch WeChat in Saudi Arabia
Tencent is seeking Saudi Central Bank approval to launch WeChat in Saudi Arabia, with the application currently under review.
Jasoor Ventures backs $5 million round for Saudi-based TabSense to disrupt hospitality operations
Saudi AI startup TabSense raises $5 million in a round led by Jasoor Ventures to launch its agentic AI point-of-sale platform for the restaurant industry.
Picus Capital makes first MENA bet with Cercli’s $12 million Series A round
UAE-based HR-tech startup Cercli raises $12 million in Series A funding led by Picus Capital to expand its AI-native workforce management platform globally.
Flat6Labs and UNDP open fourth round of green growth accelerator
UNDP and partners open applications for Cohort 4 of the Green Growth and Jobs Accelerator Project in Jordan to support SMEs driving sustainability and green jobs.
Aayan backs Kuwait’s Dawi in move toward digital healthcare growth
Aayan Leasing and Investment acquires a strategic stake in Dawi, Kuwait’s leading digital healthcare app, marking its expansion into the healthtech sector.
Qashio strengthens GCC presence with purchase of Saudi firm Sanad Cash
UAE-based fintech Qashio has acquired Saudi platform Sanad Cash to accelerate its expansion in the Kingdom’s fast-growing cashless economy under Vision 2030.
1001 AI raises $9 million to expand AI infrastructure across the GCC
London and Dubai-based startup 1001 AI raised $9 million in seed funding led by CIV Capital, General Catalyst, and Lux Capital to expand its AI infrastructure platform across the GCC.
UAE’s CADO raises US $4.5M expand into Saudi Arabia and New York
UAE-founded gifting platform CADO closes US $4.5 million pre-seed round to deepen Saudi expansion and launch in New York, signalling a MENA-to-global scale play.
Saudi startup Foodics partners with AWS to scale AI-driven restaurant solutions
Saudi-based Foodics signs a US$10 million agreement with AWS to boost AI innovation and cloud expansion across its restaurant management platform in the Middle East.