News
Applications open for the 7th edition of Ti E Women MENA Program 2026
2+ day, 8+ hour ago (716+ words) Wamda - Ti E Dubai has opened applications for the 7th edition of the Ti E Women MENA Program 2026. - Applications are open until 25 June 2026 for women founders holding at least 33% equity in startups established after 1 January 2019. - The programme offers mentorship, investor access,…...
Saudi Venture Capital backs Khwarizmi Venture Capital Fund 2
2+ day, 8+ hour ago (490+ words) Wamda - Saudi Venture Capital has invested in Khwarizmi Venture Capital Fund 2. - The fund will focus on Seed to Series A technology and tech-enabled startups across the GCC. - At least 50% of the fund's capital will be allocated to startups based in…...
Algebra AI secures $7 million to deliver managed AI services for mid-market companies
2+ day, 20+ hour ago (397+ words) News " 10 June, 2026 Algebra AI today announces its official launch, emerging from stealth with clients across the financial services, food and beverage, distribution and manufacturing sectors and $7 million in financing from investors including Infinity Constellation, BECO Capital, Silicon Badia and Waseel…...
Arabic. AI partners with Stanford to introduce HELM Arabic Enterprise
2+ day, 20+ hour ago (292+ words) Wamda Arabic. AI, a regional leader in Arabic artificial intelligence and enterprise technology, announced the launch of HELM Arabic Enterprise in collaboration with Stanford University's Center for Research on Foundation Models (CRFM). The initiative is designed to strengthen how organisations…...
Mabiati, Al Jabal Agriculture raise six-figure investments from Iraqi investors
3+ day, 19+ hour ago (207+ words) News " 09 June, 2026 The transactions were announced by Mabiati and Al Jabal Agriculture, two startups supported through Orange Corners Baghdad and the Orange Corners Innovation Fund (OCIF) Iraq. The investments will support each company's expansion plans while accelerating the adoption of…...
Edafa Venture expands AI portfolio with acquisitions of Kuadra and IRRI Vision
4+ day, 20+ hour ago (333+ words) News " 08 June, 2026 Edafa Venture announced the acquisition of two AI startups operating in construction and healthcare sectors during AI Everything Middle East & Africa " Egypt exhibition, organised by GITEX Global in Cairo on February 11"12, 2026." These six-figure dollar acquisitions were among the…...
MNT-Halan reaches $1. 4 billion valuation after investment round led by Al Ahly Capital
4+ day, 20+ hour ago (199+ words) News " 08 June, 2026 MNT-Halan, Egypt's leading fintech ecosystem, has reached a valuation of $1. 4 billion following the first closing of a new investment round led by Al Ahly Capital, the investment arm of the National Bank of Egypt. The transaction was completed…...
Blnk secures $37 million to deepen financial inclusion in Egypt
4+ day, 21+ hour ago (562+ words) Wamda - Egyptian fintech Blnk has raised $37. 1 million, comprising $12. 5 million in Series A equity funding and $24. 6 million in local debt facilities, to expand its point-of-sale financing business and increase access to consumer credit across Egypt. - The equity round was led by…...
MENA startups raise $454. 7 million in May 2026, led by debt financing
5+ day, 4+ hour ago (526+ words) Nesma Abdel Azim " 08 June, 2026 At first glance, investment activity across the Middle East and North Africa (MENA) appears to have rebounded strongly in May 2026. Startups in the region raised a combined $454. 7 million across 33 deals, marking a 202% month-on-month increase and a…...
UAE's CNTXT AI acquires Actualize to expand enterprise-grade Arabic AI agents
1+ week, 1+ day ago (536+ words) Wamda - UAE-based AI company CNTXT AI has acquired Actualize, an enterprise AI startup specialising in dialect-aware Arabic voice agents, to strengthen its Arabic voice AI offerings for enterprise and government clients across the GCC. - Founded in 2023 by Muhammed Shabreen and…...