The wire

Bundle, a startup rethinking customer incentives, raised USD 5.5 million in a pre-seed funding round. It aims to build what it describes as a networked rewards platform.

Digital healthcare is gaining traction in Syria, with local startups beginning to modernize how patients access doctors and medical services. Doctorbook secured USD 16 thousand in pre-seed funding from a group of angel investors, valuing the Damascus-based startup at USD...

Beltone Venture Capital completed a partial exit from BirdNest, generating a 3.5x return on invested capital and an 80% IRR after a two-year holding period while retaining a stake in the company.

Siemens inaugurates its first wholly owned factory in Egypt with a USD 6.9 million investment, expanding its local production footprint and strengthening Egypt’s position as a regional industrial hub.

The airport is set to anchor the UAE-backed coastal megaproject. Construction is advancing alongside broader plans to position Ras El Hekma as a Mediterranean tourism and investment hub. Why You Should Care Ras El Hekma International Airport is a...

The funding package supports industrial, professional services, and hospitality ventures. This will bring the foundation’s total approved financing in 2026 to more than USD 871 thousand (AED 3.2M).

Egypt is tapping into one of its strongest sources of foreign currency by introducing its first investment fund tailored specifically for Egyptians living abroad. The Luxembourg-domiciled fund aims to channel diaspora savings into Egyptian sovereign debt through a dollar-denominated investment...

Egypt is expanding its efforts to strengthen economic ties with its diaspora through a new package of financial, investment, and digital initiatives designed for Egyptians living abroad.

Egypt’s investment funds continued to expand in the second quarter of 2026. Net assets reach approximately USD 9.3 billion as the market welcomed 15 new funds and investors increased their holdings.

Saudi Prince Alwaleed bin Talal has acquired a 5% stake in Lucid Motors, lifting the EV maker’s stock after a period of decline.

Saudi-based AIoT startup Rime has secured more than USD 2 million in funding led by SEEDRA Ventures.

Trading activity cooled in the first half of the year. Meanwhile, market capitalization increased and Saudi expanded access for foreign investors. Saudi Arabia’s equity market delivered a mixed performance in the first half of 2026, according to the Saudi Exchange’s... Read More The post Saudi Equity Market Slows in H1 2026 Despite Higher Market Value appeared first on WAYA .

The deals aim to localize the production of Saudi Arabia’s first electric vehicles. It seeks to strengthen domestic manufacturing, supply chains, and industrial capabilities under Vision 2030. Saudi Arabia is accelerating its ambitions to build a domestic electric vehicle industry.... Read More The post Saudi Arabia Signs Ceer Agreements to Advance First Homegrown EV With USD 2.46B Economic Impact appeared first on WAYA .

The deal marks HSBC’s continued shift toward corporate and institutional banking in Egypt. Meanwhile, it is expanding Emirates NBD’s retail footprint in one of the region’s largest banking markets. HSBC is exiting retail banking in Egypt. The banking group has... Read More The post HSBC Egypt to Sell its Retail Banking Business to Emirates NBD Egypt appeared first on WAYA .

The first public financial snapshot of Careem Technologies shows revenue continued to grow. However, losses widened ahead of Uber’s return as majority owner. Careem’s consumer services business is still expanding. However, the latest financial disclosures suggest that scaling an Everything... Read More The post Careem Operating Losses Widen to USD 122M in H1 2026 appeared first on WAYA .

The Saudi logistics company has completed its first international acquisition. This gives it an operational foothold in one of Europe’s busiest air cargo hubs and advances its global expansion strategy. Saudi Logistics Services Company (SAL) has completed the acquisition of... Read More The post SAL Saudi Completes USD 32M Acquisition of Belgium’s Aviapartner Liège appeared first on WAYA .

The latest Arab Monetary Fund (AMF) forecast points to a gradual easing in Egypt’s inflation over the next two years. This comes as the Fund expects price pressures to moderate despite ongoing regional and global economic challenges. Why You Should... Read More The post The Arab Monetary Fund Forecasts Egypt’s Inflation Will Reach 17% in 2026 appeared first on WAYA .

Egypt’s Ministry of Housing intends to roll out around 5,000 completed housing units under a rent-to-own model within the next month. This aims to broaden access to homeownership while expanding alternative housing options. Why You Should Care The Ministry of... Read More The post Egypt to Launch 5,000 Rent-to-Own Units Across 25 New Cities appeared first on WAYA .

The inaugural MZN Hub71 Demo Day underscores Abu Dhabi’s strategy to strengthen its startup ecosystem by investing in Emirati founders before they reach traditional accelerator programs. Abu Dhabi is investing earlier in its next generation of entrepreneurs. Khalifa Fund for... Read More The post Khalifa Fund & Hub71 Back Emirati Founders With Up to USD 27.2K at MZN Hub71 Demo Day appeared first on WAYA .