Saudi Arabian firm Foodics, which has created an all-in-one restaurant management system, has raised a $20 million Series B funding round, as it bids to expand into the micro-lending industry. The 2014-founded…
Israeli Tech Funding Booms in Pandemic’s Wake
Israel’s tech industry has received 23% more funding in 2020 than last year, as the world has clamored for its high-tech solutions. The rise, which follows a global boom in tech funding…
Emirati Startup Bayzat Wins $16m Funding
Dubai-based Bayzat, which offers e-insurance and HR solutions, has won a $16 million Series B funding round to expand its enterprise HR and payroll resources. The round was led by Steve Cohen’s…
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Progress Speeds Up on Dubai to Abu Dhabi UAE Hyperloop
Five years after Elon Musk imagined the Hyperloop, two companies are vying to make it a reality between the United Arab Emirates’ two most prominent cities. The proposed Hyperloop between Dubai and…
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The Top Five GCC Startups to Watch Out For
The Middle East has risen, in a short space of time, from a digital backwater to a region of immense tech promise. The Gulf Cooperation Council (GCC) sits atop its valued metrics.…