Founded in 2011 by Mona Ataya and Leena Khalil, Mumzworld sells over 250,000 products for babies, children, and mothers through its web and mobile-based platforms.

With significant investment from Western Union, STC will convert its subsidiary STC Pay into a digital bank, STC Bank, with capital of USD 670 million.

With the current round, Forter almost tripled its valuation to USD 3 billion to become the most valuable privately-held company in the industry.

Saudi Arabia is investing billions of dollars in different tourism initiatives to diversify its revenue sources and reduce its dependence on oil exports.

Sango’s audio-based connections build bonds between people in the Middle East and North Africa.

The Saudi startup also plans to integrate third-party financial services on its platform, a move that will create more value for its clients.

With the latest funds, Tamara plans to fuel its expansion and launch in new GCC markets by the end of the year.

Stripe’s services will initially be provided to businesses that had registered interest in its UAE launch.