Author: Mahdeehassan

Saudi Venture Capital (SVC) announced its investment in Middle East Venture Fund IV, a venture capital fund managed by Middle East Venture Partners (MEVP). The fund size is $150 million. The fund will support technology startups with high growth potential that will have a positive long-term impact on multiple sectors of Saudi Arabia’s rapidly modernising economy. It will support their growth and steward their maturity from the Seed stage to Series A, Series B, and IPO/exit to create Saudi and regional technology champions. Dr. Nabeel Koshak, CEO and Board Member at SVC, said: “Our investment in the Middle East Venture…

Aliph Capital (“Aliph”), an ADGM-based private equity manager, announces the acquisition of a 25% stake in SANIPEX GROUP (“the Company”), the leading homegrown lifestyle product supplier. The investment follows Aliph’s investment in the UAE’s pet retail sector, aligning with its strategy of deploying capital in high-quality, market-leading GCC companies. SANIPEX GROUP provides high-quality bathroom, kitchen, surface, lighting, and outdoor solutions to retail, corporate, and trade customers across the GCC and beyond. With showrooms, distribution reach, and trade partners, the group has a presence in over 30 countries and commands a leading market share with its homegrown bathroom brand, BAGNODESIGN, and…

After a series of successful events in Dubai, Blockchain Life 2025 will bring the global industry stars and international community to the heart of the CIS.The 14th Blockchain Forum will bring together over 15,000 premium attendees, including the most influential figures in web3, cryptocurrency, and mining from more than 100 countries. The last event featured participation from Tether, TRON, Ledger, Trust Wallet, Tezos, Binance, TON, OKX, Ripple, Bitmain, Bybit, Animoca Brands, Circle, BingX, ICP, Kraken, Sandbox, Polygon, Litecoin, Sui, BNB Chain, Cardano, DYDX, Vechain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, Delysium. Simultaneous translation of all speeches into English will…

Dubai, November, 2024: Sobha Realty, a leading global luxury real estate developer, has achieved an impressive score of 91 in the 2024 Annual GRESB Assessment, marking a significant improvement from its 2023 score of 72. This achievement highlights Sobha Realty’s steadfast commitment to Environment, Social and Governance (ESG) pillars, strengthened by its second consecutive year of voluntary participation in the GRESB ESG benchmarking. This advancement positions Sobha Realty among the top 4% of global entities striving for excellence in ESG performance and sustainability leadership. In the 2024 GRESB Development Benchmarking Assessment, Sobha Realty outperformed both global and peer averages, attaining an…

Dubai, UAE,November 2024- The ‘Bil Arabi’, a key knowledge initiative launched by the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) to foster Arabic language usage and its vocabulary in day-to-day interactions, was recognized with an award from the King Salman Global Academy for Arabic Language in its third edition. The recognition showcases the initiative’s significant strides in its efforts to support the Arabic language and raise linguistic awareness among Arab communities. During the award ceremony, which was recently held in Riyadh, His Highness Prince Badr bin Abdullah bin Mohammed bin Farhan, Saudi Minister of Culture and Chairman of the Board…

Fly Jinnah, Pakistan’s low-cost carrier, has commenced its non-stop flights connecting Dammam, Jeddah and Riyadh with Lahore in Pakistan. These routes mark a significant expansion in Fly Jinnah’s international network, enhancing connectivity between Pakistan and Saudi Arabia. Inaugural ceremonies took place at Allama Iqbal International Airport in Lahore, where officials and airline representatives gathered to mark the start of these new services. Upon arrival in Saudi Arabia, an additional welcoming ceremony took place at King Abdulaziz International Airport in Jeddah, and King Khalid International Airport in Riyadh, while at King Fahd International Airport in Dammam, the flight was welcomed with…

Japanese cuisine offers an immersive blend of flavour, artistry, and cultural charm. From refined omakase tastings to stylish izakaya experiences, Japanese restaurants in Dubai cater to every taste and occasion. Curated by Great List, the international dining guide, each restaurant on this list brings its own flair—whether through vintage-inspired decor, coastal views, or creative plant-based menus. Savour Japan’s signature elegance, authenticity, and modern twists in these top picks for an unforgettable culinary adventure. Mimi Kakushi Step into early 20th-century Osaka at Mimi Kakushi, where art-deco interiors and a warm glow transport diners to Japan’s vintage jazz era. Located in the…

Bubbl, the social networking platform, has announced successfully raising $350,000 in a pre-Seed funding round led by angel investor Abdullah Al-Dosari. Launched in March by Aya Al-Hammoud, the Bubbl app quickly gained traction, reaching an impressive 60,000 daily active users. The app was recognised as a standout communication application on the Apple App Store and even ranked first in the Saudi App Store. Bubbl aims to expand its user base to 1 million daily active users in the near future. This ambitious target will be supported by the new investment, which is set to strengthen the app’s presence in Saudi…

The Industrial Transition Accelerator (ITA) has announced partnerships with governments of the UAE and Bahrain to expand its efforts in industrial decarbonisation across the Middle East and North Africa (MENA) region. This is the ITA’s second region of focus, following the early success of its Brazil programme, announced in a partnership with Brazil’s Ministry of Development, Industry, Trade and Services in July this year. The industrial sector contributes 40% to MENA’s GDP, surpassing the global average of 26%, and with advantages in both conventional energy and renewable energy generation, the MENA region is well-positioned to lead the global decarbonisation of…

Adorned with elegant decorations, delicate snowflakes, and twinkling lights, rediscover the magic of the holidays at Rixos The Palm Dubai Hotel & Suites. Located on the picturesque eastern crescent of Palm Jumeirah and featuring breathtaking views of the Arabian Gulf, this all-inclusive, all-exclusive escape is transforming into a cool winter wonderland, brimming with holiday warmth. Throughout the season, in-house guests can enjoy lavish holiday feasts, plenty of live entertainment, and an inviting festive atmosphere, along with gaining access to the Festive Eve Dinner, Festive Brunch, New Year’s Eve Brunch, and more, all included in the price. Festive Market Get into…