Startup acquisitions & fund raising, Egypt's ride-hailing issue, and crypto regulations

Startup acquisitions & fund raising, Egypt's ...

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Saudi Water Billionaires, Elon Musk & Mashreq’s Rajeev Chalisgaonkar

HEADLINES:• Saudi Arabia’s Water Billionaires Behind a Giant $35B Desalination Business • Elon Musk’s Boring Company Explores Underground Tunnel Projects in Abu Dhabi • Rajeev Chalisgaonkar, Group Head of Business Banking & NEO BIZ, Mashreq Newsletter: https://aug.us/4jqModrWhats ...  Show more

Dubai AI Agents, OpenAI $30B & Abu Dhabi $60B

HEADLINES:• Sheikh Hamdan Launches Dubai’s Create AI Agents Championship• OpenAI in Talks With UAE Funds, Including MGX, for $30B Funding Round• $60B New Mountain Capital Joins Abu Dhabi’s ADGM 

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Resal, Xpay, and Little Thinking Minds raise investments, MAF acquires Wadi, Saudi approves new permanent residency permit, and more.
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Here's what's happening in the tech, startup and VC universe today:   Saudi approves new residency permit for entrepreneurs, investors, and skilled expatriates Dubai’s Majid Al Futtaim has acquires Wadi.com Saudi’s Resal raises $800,000 Pre-Series A Egypt’s XPay raises $250,000 P ...  Show more

Careem acquires bike-sharing startup Cyacle, Trukkin raises $3.5 million, Saudi Aramco Energy Ventures co-leads $6 million investment in Amreican blockchain startup and more.
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Here's what's happening in the tech, startup and VC universe today: Saudi Aramco Energy Ventures co-leads $6 million investment in American blockchain startup Data Gumbo  Dubai-based truck aggregator Trukkin raises $3.5 million to connect shippers and truckers in the Middle East ...  Show more

InstaDeep, Oddigo, eMushrif, KitabSawti, and Checkout.com raise investments, Egypt's ArqamFC gets acquired, Uber's disappointing IPO debut and more.
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This week’s headlines: Oman’s eMushrif raises $1 million Pre-Series A Odiggo raises $180,000 seed ArqamFC gets acquired by UK’s StatsBomb. Uber stumbles almost 8% on stock market debut Abu Dhabi Investment Office launches $166 million Ghadan Ventures Fund InstaDeep raises $7 mill ...  Show more

G42 AI Stake; Saudi-UK £360M Deals; Alabbar’s F&B Empire
The Smashi Business Show

HEADLINES:♦ G42 to Sell 2% Presight AI Stake to Boost Global Investor Base♦ Saudi Shawarmer to Fund Fired Employee Majed Al-Omari’s New Venture After Boycott♦ Saudi Arabia and UK Announce £360 Million in Joint Investment Deals♦ Billionaire Mohamed Alabbar Visits Viral Klay by Kar ...  Show more