Wamda

Saudi Arabia

Sary, ShopUp join forces to create "SILQ" fuelled by $110 million investment

Saudi Arabia-based B2B marketplace Sary has merged with Bangladesh's ShopUp to form SILQ Group, which is backed by $110 million in...

SARY ShopUp E-commerce

Egypt

Grinta acquires Citi Clinic aided by strategic investment from Beltone, Raed Ventures

Egypt-based pharma-marketplace startup Grinta has raised an undisclosed funding round from Beltone Venture Capital and Raed...

Grinta healthtech

Egypt

PayTabs Group acquires majority stake in PayTabs Egypt

Source: Zawya PayTabs Group has acquired a 51% stake in PayTabs Egypt from EFG Finance, an EFG Holding company, according to a recent...

paytabs

U.A.E

Talabat fully acquires InstaShop for $32 million

Kuwait-born and UAE-based q-commerce and foodtech Talabat has completed the acquisition of 100% of instashop from Delivery Hero SE for...

talabat instashop

U.A.E

Capital Haus acquires strategic stake in Equity Story Group

Press release: Capital Haus, a UAE-based financial concierge firm specialising in tailored wealth management for high-net-worth...

Capital Haus Equity Story Group

Saudi Arabia

DHL enters Saudi logistics market by acquiring AJEX

German logistics company DHL eCommerce, the e-commerce logistics specialist of DHL Group, has acuired Saudi parcel logistics...

DHL AJEX Logistics

U.A.E

Pinewood.AI to acquire UAE’s Seez for $46.2 million

UK-based automotive intelligence platform Pinewood.AI has agreed to acquire Seez for $46.2 million in cash and shares. The share...

Seez Pinewood.AI

Egypt

Dubizzle acquires Egypt's online car marketplace Hatla2ee

UAE-based online classifieds platform Dubizzle Group has acquired the Egyptian online car marketplace, Hatla2ee, in an undisclosed deal...

Dubizzle Hatla2ee

Saudi Arabia

Mush Social acquires Pubbles to solidify its digital presence

Saudi Arabia-based social media platform Mush Social has acquired Pubbles, a Saudi social media app. The acquisition aims to...

Mush Social Pubbles

Saudi Arabia

Salla acquires Sweply, rebrands it as “Salla Ads”

Saudi Arabia-based SaaS provider Salla has entered into an agreement to acquire Sweply, an innovative Saudi digital advertising...

Salla Sweply SAAS

Egypt

Dsquares acquires majority stake in Prepit

Egypt-based loyalty and rewards solutions provider Dsquares has acquired a majority stake in the Egyptian B2B SaaS...

Dsquares Prepit

Egypt

Nawy acquires ROA to launch new products

Source: Daily News Egypt Nawy, Egypt’s leading proptech platform transforming real estate buying, selling, and investment, has...

Nawy ROA Proptech

Egypt

Egypt’s Raseedi acquires Kashat to broaden financial offerings

Egypt-based fintech Raseedi has acquired Kashat, which in its role owns Pharos Microfinance S.A.E., a subsidiary of Kashat, in an equity...

Kashat Raseedi Fintech

Oman

Oman Investment Authority invests in Elon Musk’s xAI

Oman Investment Authority (OIA) has invested in Elon Musk’s artificial intelligence startup, xAI, acquiring an undisclosed...

xAI Oman Investment Authority Elon Musk

U.A.E

Aliph Capital acquires 25% stake in SANIPEX GROUP

UAE-based private equity manager Aliph Capital has invested in UAE’s lifestyle product supplier, SANIPEX GROUP, for a 25% stake....

Aliph Capital SANIPEX GROUP

Saudi Arabia

Rio Ferdinand acquires share in Koora Break

Saudi sports platform Koora Break has raised an investment from the former England and Manchester United footballer Rio Ferdinand. The...

Koora Break Rio Ferdinand

Jordan

Naif Al Rajhi Investment buys strategic stake in Jordan’s Mawdoo3

Saudi Arabia-based investment company Naif Al Rajhi Investment has invested in Jordan’s AI Arabic content platform Mawdoo3 for a...

Mawdoo3 Naif Al Rajhi Investment

Iraq

Iraqi edtech Eduba acquired for a seven-figure amount

Iraq-based edtech Eduba was acquired by an undisclosed telecommunications conglomerate for a seven-figure amount. Founded in Baghdad...

Eduba EdTech

Saudi Arabia

Ayen acquires Elmawkaa in a seven-figure deal

Saudi Arabia-based proptech Ayen has acquired the Egyptian contech Elmawkaa in a SAR seven-figure transaction that will see Ayen...

Ayen Elmawkaa Proptech

U.A.E

UAE’s Best Kept Shared acquires BAZAARA

UAE-based e-commerce platform Best Kept Shared has acquired the UAE’s peer-to-peer (P2P) fashion resale platform BAZAARA for an...

Bazaara Best Kept Shared Fashion

Saudi Arabia

Jetapult pumps $4.5 million in Saudi game studio UMX

Saudi Arabia-based game studio UMX has raised $4.5 million from Jetapult, an investment company backed by Accel Partners. As part of...

UMX Studio Jetapult Gaming

Saudi Arabia

Tawaref acquires Amaana.ai to bolster MENA tech community

Saudi Arabia-based investment community Tawaref has acquired Amaana.ai, a Saudi company facilitating business entry into Saudi Arabia,...

Tawaref Amaana.ai

Egypt

Saudi q-commerce Nana acquires Rasseed app

Saudi Arabia-based dark store grocery delivery startup Nana has acquired Rasseed application for an undisclosed value. Founded in 2016...

Nana Raseedi

Egypt

Sultan Ventures acquires Acasia Group to extend foothold in MENA

US-based VC firm Sultan Ventures has acquired the Egyptian angel investment syndicate and incubator, Acasia Group, for an unknown...

Sultan Ventures Acasia Group

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