Author: Mahdeehassan
Rasmal Ventures, a Qatar-based leading venture capital fund with backing from the Qatar Investment Authority (QIA), proudly announced its investment in NEXX, a a dual-headquartered Hong Kong and Qatar-based AI-driven logistics technology company, during the 10th Belt & Road Summit held in Hong Kong from the 10 – 11 September. The investment marks a strategic milestone for Rasmal Ventures, the first Qatar-headquartered VC fund, and reflects its mission to bring transformative global innovation into Qatar. As Rasmal Venture’s first commitment to a Hong Kong tech startup, the partnership highlights Qatar’s emergence as a hub for cutting-edge technologies and high-growth ventures.…
Dubai, United Arab Emirates: RemotePass, the all-in-one HR & Payroll platform for managing local and global teams, today announced the launch of “Ask AI.” The world’s first tool that lets C-suite, HR, and finance leaders securely interact with private, real-time HR & Payroll data, giving them the autonomy to make faster decisions. The launch comes as Middle East economies push to digitize business operations under the UAE Vision 2031 and Saudi Arabia’s Vision 2030. Both agendas emphasize efficiency, productivity and the future of work, areas where RemotePass believes conversational AI can serve as a force multiplier. For years, leaders have been stuck…
Cairo: EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that it has successfully concluded advisory for its role as listing and financial advisor to Orascom Construction PLC on its listing on the Abu Dhabi Securities Exchange (ADX). The trading of Orascom Construction’s shares commenced today on ADX under the ticker “ORAS” with a market capitalization of USD 905 million. Orascom Construction’s secondary listing on the Egyptian Exchange (EGX) will remain unchanged. Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented: “EFG Hermes is proud to have…
Cairo: The Abu Dhabi Jiu-Jitsu Pro (AJP) Egypt National Championship announced the launch of the second edition of the AJP Egypt National Championship, set to take place on Friday, 12 September 2025, at the indoor arena in the New Administrative Capital, Cairo. The event will be organised exclusively by the Abu Dhabi Jiu-Jitsu Pro and is sponsored by First Abu Dhabi Bank, which continues to reinforce its position as the main partner of the championship and one of the country’s leading supporters of sport and community initiatives. The championship builds on the success of the first edition held in 2023, solidifying its position as…
Dubai, United Arab Emirates: Aster DM Healthcare has announced the launch of the fifth edition of the Aster Guardians Global Nursing Award, one of the world’s most prominent recognition for nursing excellence worth USD 250,000. The award invites nominations from registered nurses worldwide with significant contributions in Patient Care, Nursing Leadership, Nursing Education, Social or Community Service, or Research, Innovation & Entrepreneurship in Healthcare. Applicants may select one Primary and up to two Secondary areas of contribution and submit their applications on www.asterguardians.com by 10th November, 2025. The evaluation will be independently managed by Ernst & Young LLP (EY) and overseen by…
Riyadh, Saudi Arabia– September 2025 — Etijah Coaching and Consulting Services proudly celebrates its 15-Year Anniversary, marking a decade and a half of empowering individuals, building impactful partnerships, and guiding thousands of professionals—especially youth and women—toward careers with purpose across the MENA region. Founded in 2010 by Dina Shabib, Etijah was born from a vision to support individuals as they navigate their personal and professional journeys with clarity and confidence. Rooted in the Arabic word اتجاه (Etijah), meaning “direction” or “path,” the company has consistently filled critical gaps in career education, workforce readiness, and leadership development. “At Etijah, we invest…
Dubai: 7X, the trade, transport and logistics holding group, officially launched its new national network for logistics (NXN), coinciding with the 28th Universal Postal Congress – Dubai 2025, which is being hosted by the UAE and organised by 7X in collaboration with the Universal Postal Union (UPU). NXN will serve as a new benchmark in the postal, parcel, and logistics services, bringing together local and international service providers to offer their services through the NXN network. Built on a hybrid physical-digital infrastructure, the NXN provides individuals, businesses and the eCommerce sector with a seamless, unified experience for sending, receiving, storing parcels and fulfilling…
Riyadh, Saudi Arabia – The Saudi Esports Federation and Merak Capital have announced the signing of a strategic Memorandum of Understanding to accelerate the growth of the Kingdom’s gaming and esports sector. The agreement reflects the federation’s leadership in shaping the ecosystem and Merak Capital’s commitment to investing in technology-driven companies, creating a framework that advances talent, startups, and innovation in alignment with Saudi Vision 2030. This partnership builds on the initiatives launched by Merak Gaming Fund, an $80 million investment fund established under the Gaming and Esports Financing Program, which is overseen by the National Development Fund in cooperation with…
Dubai, UAE – Cercli, the all-in-one HR platform for Middle Eastern businesses to run and pay their local and global workforces, announces rapid growth and exciting platform updates as it solves HR problems for companies across the region. Backed by Y Combinator, Cercli raised a $4 million seed round last September with support from Silicon Valley-based Afore Capital – making its first investment in MENA – and COTU Ventures. Since then, Cercli has been delivering in its first market, the UAE, with strong growth, major product upgrades, and plans underway for regional expansion. Since its September 2024 fundraise, Cercli has achieved…
Cairo: Valu, MENA’s leading universal financial technology powerhouse, announced today its outstanding financial and operational results for the first half of 2025, marking its first earnings release since becoming a publicly listed company on the Egyptian Exchange (EGX). Total Loans during 1H25 issued reached EGP 8.9 billion, up 60% Year-on-Year (Y-o-Y), with gross revenue for the period reaching EGP 2.6 billion, up 94% Y-o-Y, while net income surged to EGP 341 million, reflecting a 64% increase versus the same period last year. Gross Merchandise Value (GMV) during 1H25 stood at EGP 10.6 billion, an 80% rise from 1H24, driven by a 133% increase in transactions to 3.6 million, bringing its GMV…