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Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
Saudi Aramco has launched a pilot Direct Air Capture (DAC) unit designed to remove 12 tons of CO2 annually, developed in collaboration with Siemens Energy. This facility will test advanced CO2 capture materials and aims to reduce costs, supporting Aramco's goal of achieving net-zero greenhouse gas emissions by 2050. The initiative is part of a broader strategy to explore CO2 capture both at emission points and directly from the atmosphere, contributing to sustainable chemical production.
Tabuk is emerging as a dynamic investment hub in Saudi Arabia, boasting over 120 opportunities across sectors like tourism, agriculture, and renewable energy. The region's infrastructure improvements, including enhanced airport operations and road networks, are set to attract global investors and boost economic activity. With a focus on sustainability and innovation, Tabuk aligns with Saudi Vision 2030, positioning itself as a key player in the Kingdom's future development.
Tabuk is emerging as a dynamic investment hub in Saudi Arabia, boasting over 120 opportunities across sectors like tourism, agriculture, and renewable energy. The region's infrastructure improvements, including enhanced airport operations and road networks, are set to attract global investors and boost economic activity. With a focus on sustainability and innovation, Tabuk aligns with Saudi Vision 2030, positioning itself as a key player in the Kingdom's future growth.
Nayla Finance has secured USD 4 million in seed funding to enhance its platform and support micro-businesses in Saudi Arabia. The startup aims to provide accessible financing solutions, build its loan book, and expand partnerships in key sectors like F&B, e-commerce, and retail. By leveraging technology and data-driven assessments, Nayla Finance seeks to simplify the lending process for small entrepreneurs.
Saudi Arabia is advancing its water security through a comprehensive strategy that includes significant investments in desalination, wastewater reuse, and smart water management technologies. The Kingdom's National Water Strategy and Vision 2030 emphasize sustainable resource management, public-private partnerships, and innovative infrastructure projects to ensure long-term water availability amid climate challenges. With initiatives like the Saudi Water Forum and a focus on digital monitoring, Saudi Arabia is positioning itself as a leader in sustainable water management, creating a model for other arid regions.
The global Cell Line Development Market is projected to grow at a CAGR of 12.13% from 2024 to 2031, driven by increasing demand in drug discovery and biopharmaceutical production. Key players include Lonza Group AG, Thermo Fisher Scientific Inc, and GE Healthcare, with significant regional markets in North America, Europe, and Asia-Pacific. The report offers insights into market trends, challenges, and opportunities, utilizing both qualitative and quantitative research methods.
Meituan reported a 20% increase in quarterly revenue, reaching 88.5 billion yuan (US$12.2 billion) for Q4 2024, surpassing analysts' expectations. The company achieved a net income of 6.2 billion yuan (US$854.96 million), driven by its core restaurant delivery service amid rising competition.To combat domestic market challenges, Meituan is expanding internationally with its Keeta app, which has gained traction in Hong Kong and Saudi Arabia, reaching one million weekly active users by January 2025. The company is also investing in grocery retail, live-streaming, and drone technology, although analysts anticipate losses from these ventures as it focuses on growth and innovation.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
paysky secures top fintech recognition and expands digital payment solutions in mena
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UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem
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tabuk emerges as a dynamic investment hub with diverse opportunities
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tabuk emerges as a dynamic investment hub with diverse opportunities
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Nayla Finance raises 4 million dollars to support Saudi micro-businesses
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saudi arabia pioneers sustainable water management for a secure future
05:44 23.03.2025
cell line development market projected to grow at 12.13 percent CAGR through 2031
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meituan reports 20 percent revenue growth amid competitive challenges and expansion efforts
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