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Gupshup Secures $60M to Accelerate Global Expansion of Conversational AI Platform

Gupshup

Gupshup, a global leader in Conversational AI, has successfully raised over $60 million in a strategic funding round comprising both equity and debt financing, led by Globespan Capital Partners and EvolutionX Debt Capital. This latest capital infusion will drive Gupshup’s expansion plans across fast-growing international markets such as India, the Middle East, Latin America, and … Read more

Saudi Arabia Breaks Venture Capital Records in H1 2025, Leads MENA with $860M in Funding

Saudi Arabia Breaks Venture Capital Records in H1 2025, Leads MENA with $860M in Funding

Riyadh, Saudi Arabia – Saudi Arabia’s venture capital landscape reached unprecedented heights in the first half of 2025, with a total VC investment of $860 million (SAR 3.2 billion) — a 116% increase compared to H1 2024, according to the newly released “H1 2025 Saudi Arabia Venture Capital Report” by MAGNiTT, in collaboration with Saudi … Read more

Journify Reports 5X Revenue Growth, Doubles Valuation Amid GCC Expansion

Journify, the UAE-based AI-powered data activation platform, is transforming how GCC brands leverage first-party data for measurable growth. Image Courtesy: Journify

Dubai, UAE – Journify, a UAE-based AI-powered data activation platform, is redefining how brands across the GCC region leverage first-party data to drive measurable marketing outcomes. With an impressive 5x revenue growth and a doubled company valuation within just six months, Journify is rapidly expanding operations in Saudi Arabia, the UAE, and across the Gulf, … Read more

Mashreq Appoints Xi Liang as Head of Artificial Intelligence to Lead Strategic AI Innovation

Mashreq Appoints Xi Liang as Head of Artificial Intelligence to Lead Strategic AI Innovation

Dubai | July 2025 — Mashreq, a prominent financial institution in the MENA region, has announced the appointment of Xi Liang as its new Head of Artificial Intelligence. With this strategic leadership addition, the bank aims to accelerate its artificial intelligence initiatives, focusing on enhanced customer experiences, operational efficiencies, and long-term innovation. A Visionary AI … Read more

Savvy Games Group Partners with King Abdulaziz University to Launch Specialized Diplomas in Gaming and Esports

Savvy Games Group (“Savvy”) and King Abdulaziz University have signed a Memorandum of Understanding (MoU) to offer specialized diplomas in Games Production and Esports Management to students. Image Courtesy: Savvy

Jeddah, Saudi Arabia – July, 2025: In a strategic move to bolster Saudi Arabia’s digital and creative economy, Savvy Games Group, the Kingdom’s national champion for games and esports, has signed a Memorandum of Understanding (MoU) with King Abdulaziz University (KAU). This landmark partnership aims to introduce two specialized diploma programs in Games Production and … Read more

AI Matchmaking app allows Only Men Earning 50L+. Women, No Salary Bar

Knot.dating, India’s AI-powered matrimonial platform designed for the top 1%, is making headlines with its latest move—requiring male members to have a minimum annual income of ₹50 lakh. This bold criterion is part of the platform’s strategy to ensure quality matches and deliver a high-trust experience for serious relationship seekers. Unlike traditional dating and matchmaking … Read more

Cybercrime in India Surges Over 140% Between 2018 and 2022: Home Ministry

Cybercrime

India has witnessed a sharp 140% surge in cybercrime cases over the past five years, according to the latest data released by the Ministry of Home Affairs. Citing figures from the National Crime Records Bureau (NCRB), the ministry revealed that the number of registered cybercrime incidents has jumped from 27,248 cases in 2018 to 65,893 … Read more

Cooler Heads Secures $11M Series A Funding to Expand FDA-Cleared Scalp Cooling System for Chemotherapy Patients

Amma provides infusion centers and patients the flexibility to scalp cool where it is most convenient.

Cooler Heads, a trailblazing medical device company, has successfully closed an oversubscribed $11 million Series A funding round to accelerate the manufacturing and commercial rollout of Amma™, the first and only FDA-cleared Portable Scalp Cooling System designed to reduce chemotherapy-induced hair loss. Amma™ offers a groundbreaking solution to one of the most distressing side effects … Read more

India’s VC Investment Climbs to $3.5 Billion in Q2 2025, Fintech Leads the Surge

India’s venture capital (VC) landscape witnessed a significant rebound in the April–June quarter of 2025, attracting $3.5 billion in funding across 355 deals, according to KPMG’s latest Venture Pulse Q2 2025 report. This marks a notable rise from the $2.8 billion raised across 456 deals in Q1 2025, reflecting renewed investor confidence despite global headwinds. … Read more

Dubai Chambers to Host Fourth International Dubai Business Forum in New York City on November 12

H.E.Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers. Image courtesy: Dubai Chambers

Dubai, UAE / New York, USA – July 2025 – Dubai Chambers has officially announced that the fourth international edition of the Dubai Business Forum will be held in New York City on 12 November 2025, marking a key milestone in its global expansion strategy. The event is part of the organization’s broader effort to … Read more

ADIA to Invest $200 Million in Indian Medtech Firm Meril, Valuing It at $6.6 Billion

ADIA to invest $200mln in India’s $6.6bln medical device firm Meril

The Abu Dhabi Investment Authority (ADIA) is set to invest $200 million in Micro Life Sciences Private Limited (Meril), a leading Indian medical devices manufacturer. The investment will secure ADIA an estimated 3% equity stake, valuing the Gujarat-based company at approximately $6.6 billion. The deal, executed through a wholly owned ADIA subsidiary, is currently pending … Read more

BurjX Secures FSRA License from ADGM, Launches as Fully Regulated Digital Asset Platform in UAE

BurjX Omar Abbas Co-founder & CEO (right) - Adam Ferris Co-founder & Chairman (left)

Abu Dhabi, UAE, July 22, 2025 — UAE-born digital asset trading platform BurjX has officially received its Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). With this regulatory approval, BurjX becomes one of the first homegrown platforms in the region authorized for both brokerage and … Read more

Qlub Secures $30 Million to Revolutionize Contactless Dining Globally

Qlub founders Eyad Alkassar and Mahmoud Fouz. Image Courtesy: Shorooq

Dubai, UAE – Qlub, a leading innovator in ultra-fast, contactless payment solutions for restaurants, has successfully raised $30 million in its latest funding round. Co-led by Shorooq Partners and Cherry Ventures, the round saw participation from strategic backers including e&, Mubadala Investments, and Legend Capital. This substantial funding milestone strengthens Qlub’s ambition to scale its … Read more

HCLSoftware Partners with Swiss Network in India to Advance Indo-Swiss Digital Innovation and GovTech Collaboration

New Delhi, India – HCLSoftware, the enterprise software division of HCLTech, has signed a strategic Memorandum of Understanding (MoU) with the Swiss Network in India, which includes the Embassy of Switzerland, the Swiss Business Hub India, and Swissnex in India. This MoU formalizes HCLSoftware’s participation in the Indo-Swiss Innovation Platform, a significant initiative established under … Read more

Sdui Group Secures Strategic Investment from Bain Capital to Accelerate European EdTech Expansion

Sdui Group Receives Strategic Investment

Koblenz, Germany / London: Sdui Group, a prominent European provider of cloud-based administrative software for K-12 schools, has announced a significant growth investment led by Bain Capital’s Tech Opportunities fund. Existing backers HV Capital and High-Tech Gründerfonds (HTGF) also participated in the round, reaffirming their confidence in Sdui’s long-term vision. The newly raised funds will … Read more

Middle East Sovereign Investors recalibrate strategies amid geopolitical uncertainty and market shifts

Josette Rizk, Head of Middle East and Africa at Invesco. Image Courtesy: Invesco

Political and policy decisions have become core drivers of investment strategy, prompting sovereign investors to fundamentally reassess portfolio construction and risk management, according to the thirteenth annual Invesco Global Sovereign Asset Management Study Geopolitical tensions (84%) remain the dominant short-term risks for sovereign wealth funds (SWFs) and central banks in the region, followed by a fallout … Read more