Mastiska Secures $10M to build UAE’s first sovereign AI Chips

UAE-based semiconductor startup Mastiska has raised USD 10 million in seed funding from GCC sovereign wealth funds to develop data centre class AI inference accelerators and launch a fabless chip venture focused on regional AI autonomy.

Revibe secures $17M to scale refurbished electronics marketplace

UAE-based refurbished electronics startup Revibe raises $17 million in Series A funding to scale its refurbished device marketplace across the Gulf and emerging markets, doubling down on quality controls, sustainability and cross-region expansion.

Saudi Arabia’s noon, Jahez merge to take on rising competition from Keeta and HungerStation

Saudi Arabia’s noon and Jahez have agreed to merge their delivery platforms, integrating food and quick commerce services. The deal, disclosed on the Saudi Exchange, intensifies competition with HungerStation, Careem, Mrsool, and China’s Meituan-backed Keeta in the Kingdom’s $20 billion delivery market.