Monday 18 June 2018
 
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Funding

Trukkin to get pre-series funding led by Batic

Trukkin, a B2B techno-logistics platform in the Middle East, has announced that it will be receiving an undisclosed amount of funding led by Saudi Arabia’s Batic Investment and Logistics Co for a pre-series round. Trukkin wa

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Zomato raises $150m investment from Ant Financial

Zomato, a leading restaurant discovery and online food ordering platform, has raised $150 million in a fresh round of funding from Ant Financial Services Group, one of the world's leading digital financial services providers.

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Zomato raises $150m investment from Ant Financial

Zomato, a leading restaurant discovery and online food ordering platform, has raised $150 million in a fresh round of funding from Ant Financial Services Group, one of the world's leading digital financial services providers.

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Kuwait pledges $2bn in funding to Iraq

Kuwait has announced $1 billion in loans to Iraq through Kuwait Fund for Arab Economic Development, along with another $1 billion in investments in the war-ravaged country, said a report. The Emir of Kuwait, HH Sheikh Sabah Al Ahm

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Badir Program startups raise $12m funding

The technology startups incubated by Badir Program, one of the King Abdul Aziz City for Science and Technology main initiatives, have successfully raised more than SR48 million ($12.79 million) during 2017 through 15 funding deals.

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Arada secures $272m funding for big Sharjah project

UAE-based Arada said it has secured a syndicated loan of Dh1 billion ($272 million) from two major local banks that will help finance the development of Sharjah’s largest mixed-use megaproject, Aljada. The Islamic facility w

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Virgin Hyperloop One wins key DP World funding

Virgin Hyperloop One, the only company in the world that has built a full-scale hyperloop system, said it has secured an additional $50 million funding from its key investors Dubai-based global marine terminal operator DP World and Caspian Ventu

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Virgin Hyperloop One wins key DP World funding

Virgin Hyperloop One, the only company in the world that has built a full-scale hyperloop system, said it has secured an additional $50 million funding from its key investors Dubai-based global marine terminal operator DP World and Caspian Ventu

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OFID approves over $454m of new funding

The Opec Fund for International Development (OFID) has approved more than $454 million of new development funding to benefit developing countries across the globe, a media report said. OFID’s newly-approved public sector loa

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Dubai Film Connection funds 5 filmmakers

Dubai Film Connection (DFC), the co-production market of the Dubai International Film Festival (DIFF), has awarded five Arab filmmakers with crucial funding and key partnership opportunities. Filmmakers behind shortlisted projects

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