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    The UAE-based mobility business Hala has declared its intention to join forces with MwaslaTech, a local partner, to enter the Egyptian market.

    UAE-Based Hala Partnered with MwaslaTech

    Team SR -
    Electra Investment Holding pays USD 449.1 million for 427.7 million worth of shares, acquiring a 20% interest in Elsewedy Electric.

    UAE-Based Electra Investment Holding Aquires 20% Stake With Elsewedy Electric for...

    Team SR -
    In order to promote innovation in the GCC, Stride Ventures, an Indian venture loan business, has invested $1 million in Maalexi. This will accelerate Maalexi's growth and improve its operational capabilities for effective food and agri-produce distribution

    [FUNDING NEWS] UAE-Based Maalexi Secures USD$1 Million in Funding

    Team SR -
    Comfi, a quickly expanding B2B payment platform in the United Arab Emirates, announced that it has successfully secured a $5 million financing facility from a private family office located in Abu Dhabi.

    [FUNDING NEWS] UAE-Based Comfi Raises $5 Million In Debt Funding

    Startup Rise -
    The $4 million fundraising round for Dubai-based NOW Money has closed. With this investment, the company has completed its second round of funding since being acquired by Mark Nutter and Nicolas Andine in 2023.

    [FUNDING NEWS] UAE-Based Now Money Secures $4 Million in Equity Round...

    Startup Rise -
    Qstay, a groundbreaking hospitality and rental investment property management platform in Dubai, raised $4.6 million in pre-Series A funding. New funding takes the company's total to $11.1 million.

    [FUNDING NEWS] UAE-Based Hospitality Platform Qstay Secured $4.6 Million in Pre-Series...

    Startup Rise -
    Augnito, a Dubai, UAE-based developer of medical speech AI solutions, received an investment from Dharmendra Ghai. The deal's total value was not made public.

    [FUNDING NEWS] UAE-Based Augnito Secures Undisclosed Amount Funding

    Startup Rise -
    Tenderd, a global pioneer in heavy equipment management and operations digital transformation, raised $30 million in Series A funding. A.P. Moller Holding, a $32 billion investment corporation and parent company of A.P. Moller-Maersk, led the financing.

    [FUNDING NEWS] UAE-Based Contech Tenderd Secures $30 Million In Series A...

    Startup Rise -
    The largest digital platform for real estate investment, Stake, announced that it has raised $14 million in a Series A funding round led by Middle East Venture Partners. Other investors in the round include Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi, Republic, a prominent US-based private investing platform, and Aramco's Wa'ed Ventures, one of Saudi Arabia's largest VCs.

    [FUNDING NEWS] UAE-Based Proptech Stake Secures $14 Million in Series A...

    Startup Rise -
    AI startup qeen.ai, based in the United Arab Emirates, has revealed that it has successfully closed a $2.2 million pre-Seed investment round to advance its goal of revolutionising the global e-commerce scene, beginning in the MENA area.

    [FUNDING NEWS] UAE-Based AI Startup qeen.ai secured $2.2 Million in Pre-Seed...

    Startup Rise -
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