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Record Transaction Value: Dubai’s real estate market saw a 29.19% increase in transaction value, reaching AED 114.08 billion (approximately $31 billion) in Q1 2025. Robust Transaction Growth: A total of 42,269 transactions were recorded, marking a 23.11% year-on-year increase, with notable expansion in both off-plan and ready property segments. Rising Rental Market: The average rent […]

Investment Secured: Techrar, a leading Saudi platform for managing subscriptions and recurring billing, has raised $1.6 million in a funding round led by Aramco’s VC arm, Wa’ed Ventures. Founders and Specialization: Launched in 2022 by Safwan Saigh, Fawzan Alkhlawi, and Rania Shaker, Techrar focuses on providing smart solutions for subscription management that enhance operations and […]

Here are the main bullet points summarizing the initiative: Formation of Real Estate Alliance: The Dubai Land Department (DLD) has established a new alliance with four leading developers to enhance Dubai’s position as a global real estate investment hub and support the Dubai Real Estate Strategy 2033. International Promotion and Insights: DLD will organize global […]

Here’s a summarized list based on the provided information regarding Ultraviolette Automotive: Startup Information Startup: Ultraviolette Automotive Founded: 2016 Focus: Electric two-wheeler manufacturer, clean energy, and sustainable transportation Products: F77 Mach 2, F77 SuperStreet, Tesseract, Shockwave Fundraising Details Current Fundraise: Amount: Rs 32.6 crore ($3.85 million) Fundraising Series: Extended Series E1 Date: Information not explicitly […]

Expansion in the UK: Saudi foodtech startup Calo has acquired UK-based Fresh Fitness Food and Detox Kitchen to establish its presence outside the GCC market for the first time. Alignment with Mission: The acquisition enhances Calo’s foundation in the UK by integrating respected brands that share values aligned with its focus on personalized meal subscriptions. […]

Here are the main bullet points summarizing the information: Historic Growth: Dubai’s Q1 2025 real estate market recorded 45,474 transactions worth AED 142.7 billion, marking a 22% increase in volume and a 30% increase in value compared to Q1 2024. Sales Breakdown: Off-plan sales comprised 56% of total transactions, while the ready property market achieved […]

Funding Achievement: Saudi fintech erad raised $16 million in a pre-Series A funding round, led by investors like Y Combinator, Nuwa Capital, and Khwarizmi Ventures. Business Model: Founded in 2022, erad specializes in Shariah-compliant financing for SMEs in Saudi Arabia and the UAE, providing funding access in as little as 48 hours. Growth Objectives: The […]

AWS Investment: Amazon Web Services (AWS) is investing $3.6 million over the next two years to train 2,500 software engineers in cloud computing and AI skills in the MENA region. Training and Employment: The edtech platform Manara will provide AWS certification training and connect graduates with employment opportunities through regional hiring partners. Diversity and Inclusion: […]

Here are the main bullet points summarizing the information about Tuba: Funding and Leadership: Tuba, a healthtech company based in Saudi Arabia, raised $8 million in a pre-seed funding round led by Al-Waalan Investment, with contributions from angel investors. AI-Driven Solutions: Founded by Fayez Al-Anazi, Tuba aims to enhance healthcare management using artificial intelligence to […]

Here’s the information you requested based on the startup Paramark: Startup Information Startup Name: Paramark Founded: 2022 Product: Data collection tool utilizing generative AI to measure the impact of marketing campaigns on sales. Founders Pranav Piyush – Co-founder and CEO Fundraising Details Seed Funding Amount: $6 million Date: Recently announced (specific date not provided) Lead […]