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Startup watch
RemotePass raises USD 17.4 mn to take its MENA payroll playbook global
UAE-founded RemotePass has secured fresh funding in a round led by EBRD Venture Capital
Mubadala backs eVoost AI’s USD 2.2 mn capital raise
The round was led by First Drop VC
Embedded finance platform Comfi plans Saudi expansion after raising USD 65 mn in debt and equity
The company provides 90-day installment plans for SMEs
Mapping the ripple effects of the war on MENA venture capital -Magnitt
The region’s venture pipeline is vulnerable to retreating, shock-sensitive international capital
Earnings watch
Earnings are in from Air Arabia, Taqa, Tabreed, Al Ansari Financial Services
The war weighs on earnings for Air Arabia, Al Ansari
Orascom, Space42, Dana Gas, Adnoc L&S, ICD report 1Q results
The impact of the war was minimal for Adnoc L&S
Presight is bullish on domestic AI sector amid defense and local resilience push, with plans to scale defense solutions
The firm is in talks to potentially scale its National Crisis Emergency Platform across emirates…
Earnings are in from AD Ports, Emsteel, Adnoc Distribution
Ensteel saw its income jump 246%