Logistics (MENA) 
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AI + Innovation (MENA) 
Logistics startup Trella gets USD 3.5 mn from Avanz Capital as part of ongoing bridge round
The ongoing bridge round is earmarked for the startup’s growth
Saudi logistics startup OTO marks entry into Turkish market
OTO is planning to focus on providing shipping services to retail and e-commerce players
Emirati logistics startup Cargoz receives bridge funding to expand to KSA
Cargoz plans to use the funds to expand to Riyadh in the third quarter of the year
Qatar’s Snoonu closes Series B round at USD 12 mn
The superapp will use the funds to accelerate growth and develop its tech
Emirati B2B e-commerce platform Eighty6 raises USD 3.7 mn seed round
The funds will go towards expanding operations in the UAE and Saudi Arabia, as well as its launch in Kuwait
MENA e-commerce giant Noon has cut 10% of its jobs to save on costs
Noon started layoffs a year and a half ago
Egyptian trucking startup Trella to wind down its operations in Pakistan
The startup is making the exit due to economic headwinds hitting the country
UAE satellite service provider Thuraya invests USD 17.5 mn in IoT provider for logistics + transport companies
Both firms are players in the maritime, logistics and transportation industries
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