ANALYSIS
e& values its remaining Careem stake at less than half Uber's July price
The majority shareholder's own accounts repriced the super-app stake four months after Uber paid $100M for a slice of it.
DUBAI Updated
Read the takeEdition No. 002 Riyadh 33° · Dubai 34° · Cairo 24° Next edition Mon 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.
The Big One
The Wire
All news DEAL DUBAI
Terra Invest takes strategic stake in UAE's AIREV
Singapore's Terra Invest joins the Abu Dhabi agentic AI company's ongoing Series A2, amount undisclosed, at a reported valuation near $200M.
Undisclosed (reported)
~$200M valuation
DEAL DUBAI
Journify raises $12M Series A at 4x its last valuation
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.
$12M
DEAL MUSCAT
mamun raises $3M to bankroll Gulf-Asia trade finance
Phaze Ventures leads a $3M seed into the Omani Sharia-compliant trade finance platform, with 40% of settlements already clearing through Hong Kong.
$3M
FIFTY DEGREE ALERT MANAMA
Mumtalakat takes strategic stake in Bahrain private-markets fintech Tanami
Bahrain's sovereign wealth fund announced the undisclosed investment at Gateway Gulf 2026, Tanami's second sovereign-linked backer after its September round.
Undisclosed
FUND DUBAI
Dubai's Cequire Capital commits $100M of its own money to early-stage crypto
The proprietary vehicle has $50M ready to deploy into pre-seed and seed cheques of $500K to $2M across stablecoins, agentic payments, RWAs and post-quantum security.
$100M
DEAL DUBAI
Multipolitan raises $2M pre-seed at $25M pre-money to take migration tech consumer
The ADGM-incorporated mobility platform, co-founded by Paidy's Lee Smith, raised $2M led by EmergentX ahead of a December consumer app launch.
$2M · $25M pre-money
FIFTY DEGREE ALERT RIYADH
Aramco takes 49% of HUMAIN for $2.6B, stacking Saudi AI under one roof
Saudi Aramco is paying $2.6B in cash plus AI and digital assets for 49% of HUMAIN, with PIF keeping 51%, as the kingdom consolidates its sovereign AI push into a single national champion.
$2.6B
POLICY DUBAI
DIFC opens its doors to 6,000 Japanese startups in Mizuho tie-up
Up to 6,000 Mizuho startup clients get DIFC Innovation Hub and Ignyte soft-landing access, as Dubai passes 2,000 AI, fintech and innovation firms and preps a FinTech Stack.
Transfer Window
All moves SIGNED DUBAI
Jonathan Rigg CEO
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.
SIGNED RIYADH
Turqi Alnowaiser Interim CEO
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.
Heat Check
- This week, disclosed
- $2.72B
- across 11 records
- Records
- 11
- dated in the last 7 days
- Hottest country
- AE
- United Arab Emirates
Deal Tracker 168
Open the trackerThe latest records. Every funding round, fund and acquisition in MENA tech, dated and sourced.
10 of 10 records
| Company | Stage | Lead | Heat | Story | ||
|---|---|---|---|---|---|---|
| UNITED ARAB EMIRATES | AIREVAE | STRATEGIC | Undisclosed(reported) ~$200M valuation | Terra Invest | Read via WAM | |
| 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 | |
| SAUDI ARABIA | CNTXTSA | ACQUISITION | Undisclosed | HUMAIN | Read via CNTXT | |
| UNITED ARAB EMIRATES | MultipolitanAE | PRE-SEED | $2M · $25M pre-money $25M valuation | EmergentX | Read via web3digital.ae | |
| BAHRAIN | TanamiBH | STRATEGIC | Undisclosed | Mumtalakat | Read via Mumtalakat | |
| SAUDI ARABIA | HUMAINSA | STRATEGIC | $2.6B | Saudi Aramco | Read via Wamda | |
| SYRIA | Percent LabsSY | SEED | Undisclosed(reported) >$1M valuation | — | Read via entARABI |
Every record, filterableOpen the tracker
The Morning Edition
Every move in MENA tech, before it cools.
Every move in MENA tech, Monday to Thursday at 07:00 Gulf time. Read in four minutes.
Previous Editions
Archive
Edition No. 002 Weekly Temperature Sample
Weekly Temperature: $87.85M disclosed, and a $2.5B number with a reported marker
Plus: FlyAkeed $25.15M leads the week · Enhance $18.2M and Nayla $18M · Sanabil wrote the biggest cheque
Edition No. 001 Morning Edition Sample
HUMAIN's fund just got bigger than $10B
Plus: FlyAkeed $25.15M · Sirdab $10M Series A · Salla buys Paylink