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    Sedric AI, a financial institution compliance-focused AI platform, secured a $18.5 million Series A fundraising round. New fundraising spearheaded by Foundation Capital and Amex Ventures raises the company's total capital to $22 million.

    [FUNDING NEWS] Israel-Based Sedric has Secured $18.5 Million in Series A Round...

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    Jennie Chua has been named as the new chairman of Temasek Foundation, with effect from September, the organization announced.

    Jennie Chua has been Appointed by Temasek Foundation as the new...

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    Pinetop Technology Venture Sdn. Bhd. and Malaysian technology company Systech have Partnered to create and run data centers.

    Malaysia-Based Systech has partnered with Pinetop Technology Venture Sdn. Bhd

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    Ilya Sutskever, a former chief scientist and co-founder of OpenAI, is one of the founders of Safe Superintelligence (SSI), a new AI business that has raised $1 billion in capital. SSI stated that it wants to create "safe AI systems that far surpass human capabilities" in a Reuters interview.

    An AI business co-founded by OpenAI Raises $1 Billion

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    Reachware, a Saudi Arabian SaaS firm, raised $3 million in Seed capital from Sadu Capital, 500 Sanabil Investments, and Elm Company.

    [FUNDING NEWS] Saudi Arabia-Based Reachware secures $3 Million in Seed Funding

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    Qatar Research, Development, and Innovation Council announced a request for its new flagship program, Qatar Open Innovation (QOI), in its first collaboration with AJ+, a pioneering digital news and storytelling platform within the Al Jazeera Media Network.

    Doha-Based QRDI Council First-Ever Collaboration with AJ+

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    A Memorandum of Understanding (MoU) between Dubai Chambers and the China Council for the Promotion of International Trade Tianjin Sub-council (CCPIT Tianjin) has been signed.

    Dubai-Based Dubai Chambers has Signed MOU with CCPIT

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    Banque du Caire has Signed Agreement with Beltone Asset Management, a Beltone Financial subsidiary, to manage an external investment portfolio.

    Egypt-Based Banque du Caire has Signed Agreement with Beltone Asset Management

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    In order to assist small and medium-sized exporters with foreign currency receivables, Basel Rahmi, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), and Tarek El Fayoumi, CEO and Managing Director of Enmaa Finance, have inked a $3 million financing deal. The international factoring mechanism will be used by Enmaa Finance to offer this funding.

    Egypt-Based Enmaa Finance Signs $3 Million Agreement with MSMEDA to Boost...

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    RecommerceX, a chemical recycling and sustainability startup, ahas Secured $3.6 million in seed funding from Accel and Kae Capital.

    [FUNDING NEWS] India-Based RecommerceX has Secured $3.6 Million in Seed Round...

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