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AI + Innovation (MENA) 
Infrastructure 
Intella closes USD 3.4 mn seed round led by Saudi VCs
The fresh funds are fueling Intella’s expansion into Saudi
Bidders line up for a piece of Middle East Glass
DPI and Mediterrania Capital Partners are doing due diligence on the company
PHD to expand Palm Hills October after acquiring new land plot. PLUS: More Chinese investment?
The real estate developer expects to draw EGP 85 bn in sales proceeds from the plot over a 5-7-year period
Don’t be the next Instacart, VCs tell startups as Nasdaq newbies tread water
Fears that interest rates will remain higher for longer have hampered the fortunes of recent debutants on the Nasdaq
Japanese firms talk renewables, green fuel investments with SCZone. PLUS: GAFI’s plans for silver licenses + SFE interest in EgyCOP
The Japanese delegation was joined by local and international energy companies operating in the country
Valu to expand into Jordan, puts Saudi on hold for now
The fintech has shelved plans to expand in Saudi, citing problematic market conditions
What’s happening with Midar?
Midar was established in 2006 to develop the 11k-feddan Mostakbal City project
Snackmaker Edita lands USD 45 mn loan from the IFC to fuel growth
The loan will support the company’s working capital, fund fresh capex, and help it settle a previous loan from the…
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