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AI + Innovation (MENA) 
Infrastructure 
B2B payment platform Settle raises USD 2 mn in pre-seed round
The funding round was led by Shorooq Partners
The lowdown on the startups graduating this year’s Climate Finance Accelerator
The accelerator is a GBP 12.6 mn technical assistance program funded by the British government
Gov’t wants to launch over USD 300 mn worth of PPPs at Dekheila Port. PLUS: Cairo International Airport, Le Mans, Citibank, Beyti, CI Capital
The Dekheila Port development plan has reached 45% completion, our source said
Gov’t to invite bids for USD 3 bn worth of PPP infrastructure projects by the end of the year. PLUS: Beltone to launch two new venture funds
The projects include 15 desalination plants with combined investments of USD 3 bn
Paymob secures USD 22 mn in funding
The fresh funds bring the company’s total Series B funding to USD 72 mn
US-based Sultan Ventures acquires homegrown startup investor Acasia Group
The acquisition creates a new US-MENA bridge
Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes
Apple will incur a USD 10 bn one-time tax charge
Apple’s event was all AI
Apple debuted the latest iPhone line, the first of their products designed specifically to accommodate GenAI
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