Edition No. 002 Riyadh 30° · Dubai 32° · Cairo 24° Next edition Tue 07:00 GST
Fifty Degree Alert
MANAMA
The mercury just hit fifty.
Mumtalakat's direct stake in Tanami is another sign of GCC sovereigns moving from passive LP positions onto startup cap tables.
Wamda's monthly tally puts October at $40M across 32 startups, the region's quietest month this year, with Saudi Arabia's $18.8M carried mostly by Autobia's $12M Series A.
RIYADH
Read the takeThe quota for technical engineering roles in private establishments rises from 30% to 35%, effective 9 May 2027, with a SAR 5,000 minimum salary counting toward the rate.
The REGA-licensed Saudi rent-now-pay-later company has fielded more than $500M in rent-facilitation requests across 40-plus cities.
Bahrain's national payment network operator moves from running the rails into financing distribution with a digital marketplace.
CoinDesk reports the digital asset insurer's round now totals roughly $23.5M in cash plus 500 BTC and 2,000 ETH. The company disclosed no amounts.
The Dubai and New York startup's Delivery-versus-Lock standard keeps tokenized collateral locked at the custodian while lenders take an enforceable security interest.
The Riyadh venture studio co-builds consumer brands with creators and media IPs, and is funding a live-commerce platform for the GCC.
Singapore's Terra Invest joins the Abu Dhabi agentic AI company's ongoing Series A2, amount undisclosed, at a reported valuation near $200M.
Al Mada Ventures leads a $12M Series A into the Moroccan-founded, GCC-scaled ad signal platform, closing at four times its February 2025 seed valuation.
Fuze Finance to BitOasis
The CoinDCX-owned MENA crypto exchange, with roughly $8.5B in cumulative spot volume, hands the desk to an ex-HSBC, Deutsche Bank and Fuze Finance executive.
Public Investment Fund to Savvy Games Group
PIF governor Turqi Alnowaiser takes interim charge of the gaming group that owns Scopely and Niantic, amid a PIF-wide cost review and a pending $6B Moonton deal.
The latest records. Every funding round, fund and acquisition in MENA tech, dated and sourced.
10 of 10 records
| Company | Stage | Lead | Heat | Story | ||
|---|---|---|---|---|---|---|
| SAUDI ARABIA | EjariSA | GROWTH | $50M of which $50M debt | Partners for Growth | Read via Zawya | |
| UNITED ARAB EMIRATES | Lombard SystemsAE | SEED | $4M(reported) | Ethereal Ventures | Read via PR Newswire | |
| SAUDI ARABIA | PersonaSA | PRE-SEED | $630K | Upturn | Read via Zawya | |
| UNITED ARAB EMIRATES | Soter InsureAE | SERIES B | Undisclosed(reported) Series B second close | Galaxy | Read via PR Newswire | |
| UNITED ARAB EMIRATES | AIREVAE | STRATEGIC | Undisclosed(reported) ~$200M valuation | Terra Invest | Read via WAM | |
| UNITED ARAB EMIRATES | EnzaAE | SEED | $6M | 4DX Ventures | Read via Fwdstart | |
| UNITED ARAB EMIRATES | JournifyAE | SERIES A | $12M | Al Mada Ventures, Silicon Badia (co-lead) | Read via Wamda | |
| OMAN | mamunOM | SEED | $3M | Phaze Ventures (Oman Fund) | Read via Media OutReach | |
| OMAN | 44.01OM | STRATEGIC | Undisclosed(reported) | Holcim MAQER Ventures, JERA Ventures | Read via Holcim | |
| UNITED ARAB EMIRATES | Cequire CapitalAE | FUND | $100M | Proprietary balance-sheet capital | Read via Zawya |
The Morning Edition
Every move in MENA tech, Monday to Thursday at 07:00 Gulf time. Read in four minutes.
Plus: FlyAkeed $25.15M leads the week · Enhance $18.2M and Nayla $18M · Sanabil wrote the biggest cheque
Plus: FlyAkeed $25.15M · Sirdab $10M Series A · Salla buys Paylink
