Set to open in early 2027, the fund will back Saudi startups and select international companies entering the local market.

The region recorded 390 mergers and acquisitions in the first half of 2026, with activity accelerating sharply in Q2.

The funding will support fleet growth across Latin America and Africa, entry into new markets including MENA, and new fintech products.

Qatar-backed Rasmal Ventures joined Yuno’s $45 million Series B alongside Further Ventures, GrowthX Capital and global investors.

The acquisition will give eFinance full ownership of Tamweely as it expands into non-banking financial services.

The fund increased the value of its Egyptian equity portfolio by 21.6% in H1 2026, with Fawry its largest holding by value.

Across Egypt, Morocco, Saudi Arabia and the UAE, seven B2B platforms are digitising how neighbourhood stores order stock, access credit and manage day-to-day operations.

Egypt’s Entrepreneur Awards will return on December 4 for their sixth edition, bringing together entrepreneurs and industry leaders to celebrate the ideas and people shaping Egypt’s future.

The Jordan-founded mental health startup will use the funding to grow its Arabic-language platform and AI-powered services.

The customer intelligence startup will use the funding to grow across the Middle East and international markets.

The eighth edition of the UAE AI Camp runs August 17 to 29 in Dubai, bringing new workshops, a Future of Transport Hackathon and partnerships with global technology firms to participants of all ages.

The agreement with South Korea’s Autonomous A2Z will bring Level-4 autonomous vehicles to the UAE, beginning with pilot robo-shuttle services.