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ENEC expands into nuclear consulting
PLUS- Investindustrial sets up shop in ADGM
ASK Private opens up office in Dubai
ALSO- Catalyst makes three direct investments in global startups
The UAE saw the most funding rounds in the region in 2024, despite a dip in overall funding
Despite the uptick, funding fell 8% y-o-y to USD 613 mn
Global Ventures invests in tech subscription startup Zension’s USD 30 mn funding round
Aramco’s Wa’ed Ventures and Japan’s Sumitomo also participated
GFH Partners acquires Dubai-based logistics fund for USD 75.5 mn
ALSO- Sharjah SME Ruwad launched an AED 800k industrial sector financing program
Embedded SME lending startup CredibleX secured USD 55 mn in debt and equity seed funding
The newly raised funds will drive the company’s expansion plans
Klickl International raises USD 25 mn in its Series A round
The funding will support Klickl’s expansion into global investments
Hub71 launches Hub71+ AI to support AI startups in Abu Dhabi
AI71 and Core42 joined as anchor partners
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