Middle East Startups Thrive Post-Ramadan
The Middle East and North Africa region’s startups have kicked off Eid Al-Fitr on a high note, with continued venture activity post-Ramadan.
OSN+ and Anghami Merger Shakes Up Media Landscape
In a significant move during Ramadan, UAE’s OSN+ and Lebanon’s Anghami Inc. merged to form a unified media entity, with OSN+ now holding a majority stake in Anghami valued at $3.69 per share.
PIF Subsidiary Collaborates with AhnLab for Cybersecurity Venture
Saudi Arabia’s Public Investment Fund subsidiary is joining forces with South Korea’s AhnLab to enhance digital solutions in the Kingdom, with an investment of over SR500 million in research and development.
Oman’s Mubashir Secures Investment for Expansion
Oman’s Mubashir, a digital out-of-home advertising network, receives an investment from ITHCA Group to fuel its expansion and technological advancements, aiming to deliver effective regional marketing solutions.
UAE’s Fasset Enters Digital Asset Exchange Arena
UAE’s fintech sector welcomes Fasset’s app, which has secured a Virtual Asset Service Providers license from Dubai’s VARA, allowing it to offer virtual asset brokerage services globally and target both retail and institutional investors.