What MENA’s Wild 2025 Funding Cycle Really Revealed RIYADH: The Middle East and North Africa’s startup funding landscape in 2025 was not defined by steady growth, but by sharp shifts in capital behavior that revealed how investors were managing risk in a volatile environment. While headline figures suggested a banner year — punctuated by September’s
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Saudi Arabia’s Venture Scene Goes Global RIYADH: Saudi Arabia’s venture capital ecosystem is entering a new phase of global relevance, with 2026 expected to mark a turning point defined by exits, public listings, and cross-border dealmaking. According to Philip Bahoshy, CEO of venture data platform MAGNiTT, the Kingdom is poised for a “record year of
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UAE’s Al-Futtaim to Take Strategic 49.95% Stake in Saudi Retail Giant Cenomi RIYADH — Emirati conglomerate Al-Futtaim has agreed to acquire a 49.95 percent stake in Saudi Arabian retail franchiser Cenomi Retail, in a transaction valued at more than 2.5 billion Saudi riyals ($667 million), marking one of the largest cross-border retail investments in the
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KLM Restarts Flights to Israel, UAE and Saudi Arabia After Middle East Review AMSTERDAM — Dutch airline KLM has announced the resumption of flights to several Middle Eastern destinations, including Israel, the United Arab Emirates, and Saudi Arabia, following a reassessment of regional security conditions. In a statement issued late Saturday, KLM said it will
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Israeli Airlines Offer Free Cancellations as Fears Grow Over Possible Iran Conflict TEL AVIV — Israeli airlines have announced flexible travel policies, allowing free cancellations and ticket protections, as uncertainty rises over a potential escalation involving Iran that could disrupt regional air travel. Israel’s main carriers — El Al, Israir, and Arkia — said on
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IndiGo Suspends Regional Routes as Iran Tensions Trigger Flight Schedule Changes India’s largest airline, IndiGo, has announced adjustments to its international flight schedule amid rising tensions involving Iran, as concerns grow over potential military escalation in the region. In a travel advisory issued on Tuesday, IndiGo said it was adopting a “cautious and proactive approach”
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Syria to Replace Old Banknotes in 2026 as New Government Moves to Stabilize Currency Syria will begin swapping old banknotes for newly issued currency starting January 1, 2026, in a major monetary reform aimed at strengthening the value of the Syrian pound and restoring public confidence after years of economic collapse, the country’s central bank
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Saudi Crown Prince, Turkish President Erdogan Hold Strategic Talks in Riyadh Saudi Crown Prince Mohammed bin Salman met with Turkish President Recep Tayyip Erdogan at Al Yamamah Palace in Riyadh on Tuesday, as the two countries moved to deepen cooperation across energy, defense, and regional security. According to the Saudi Press Agency, the Crown Prince
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Saudi Arabia Unveils $2bn Renewable Energy Investment to Power Turkey’s Solar Expansion Saudi Arabia has announced plans to invest around $2 billion in large-scale solar power projects in Turkey, marking the first phase of a broader bilateral agreement aimed at expanding renewable energy production between the two countries. Under an intergovernmental agreement signed in Riyadh
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US Rejects Iran’s Bid to Alter Talks as Diplomatic Standoff Deepens The United States has rejected Iran’s request to change both the location and format of planned talks, a move that has further heightened tensions between the two longtime adversaries and raised concerns over possible escalation, according to a report published on Wednesday. Washington and
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