YouTube has officially announced the launch of its affiliate shopping program in the United Arab Emirates, The Kingdom of Saudi Arabia, and Egypt. This program will let creators in the region tag products directly in their content and earn commission on purchases.
Egyptian conglomerate Raya Holding has made its first investment through Raya Ventures, backing UK-based artificial intelligence startup Pidima as it targets early-stage technology businesses to expand across the Middle East and Africa.
UAE-based payments provider Telr has partnered with fintech company CreditPool to launch a multi-card payment service that lets online shoppers pay for a single purchase with multiple bank cards.
Egyptian state-owned lender Banque du Caire has accepted investors from the UK, the United Arab Emirates, and Africa for an initial public offering (IPO) valued at up to $454 million, opening the share sale to international participants.
Commercial International Bank (CIB) has committed up to EGP 2 billion ($42.5 million) to MNT-Halan as part of the fintech’s planned international share sale.
Commercial International Bank (CIB) has received preliminary approval from the Central Bank of Egypt to establish Yomo, a new digital native bank that will operate in Egypt.
The UAE-based fintech, XSquare, has raised an undisclosed pre-seed round led by Radled Venture with participation from Angel Spark, 500 Global, and Oraseya Capital.
First Abu Dhabi Bank (FAB) has announced that Payit has launched “Send Now, Pay Later,” allowing eligible customers to send money internationally immediately and settle payments in 30 days.
Voice AI startup HeyBreez has raised $2.5 million in a seed round to expand its AI-powered voice platform across global markets.
The round was led by Lunara Partners, with
Saudi investment firm Pinnacle Capital has launched a new venture capital fund targeting growth-stage technology companies in Saudi Arabia, combining primary investments with secondary transactions as the Kingdom’s startup ecosystem matures.
