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Aziz Akhannouch, the Head of Government, met with Ousmane Dione, World Bank VP for MENA, in Rabat to enhance the strategic partnership between Morocco and the World Bank. They discussed support for Morocco's development priorities, including employment, water security, and climate change, while reviewing ongoing structural reforms. Dione praised Morocco's social reforms and expressed the World Bank's commitment to assist in innovation and economic growth projects, reinforcing their long-standing partnership since 1960.
Silkhaus, a Dubai-based short-term rental startup, has secured growth funding to expand into Saudi Arabia, enhancing its booking platform. With strong investor backing, the company aims to dominate the Middle East's rental market, targeting luxury and mid-market travelers in key locations like Riyadh.
Moroccan AI company ToumAI has secured $1 million in pre-seed funding to enhance its AI-driven customer experience solutions, focusing on multilingual and emotion-aware interactions through its HolistiCX suite. The investment, led by Launch Africa Ventures, will support its expansion across Africa and Europe, addressing the emotional intelligence gap in traditional AI. With a scalable API model, ToumAI aims to personalize customer interactions and improve engagement through advanced voice-driven applications and churn detection capabilities.
Silkhaus, a Dubai-based short-term rental startup, has secured growth funding to expand into Saudi Arabia, enhancing its booking platform to meet the rising demand for premium accommodations. With strong investor backing, the company aims to dominate the Middle East's rental market, targeting luxury and mid-market travelers. Leadership changes include the appointment of Sabine El Najjar as KSA Managing Director and the promotion of Ankit Shah to Co-Founder and Board Member.
Silkhaus, a Dubai-based short-term rental startup, has secured growth funding to expand into Saudi Arabia, enhancing its booking platform amid rising demand for premium accommodations. With strong investor backing, the company aims to dominate the GCC market, targeting luxury and mid-market travelers. Leadership changes include the appointment of Sabine El Najjar as KSA Managing Director, signaling a strategic push into the booming Saudi market.
Tunisia's leading second-hand fashion marketplace, Dabchy, has secured pre-Series A funding led by Janngo Capital and angel investors, aiming to expand into Egypt and enhance its platform. Founded in 2016, Dabchy promotes circular fashion in the MENA region, simplifying the resale of pre-owned clothing and catering to a growing user base. The investment will support broader product offerings and improved user experience, positioning Dabchy at the forefront of sustainable e-commerce.
Silkhaus is expanding into Saudi Arabia, aiming to become the leading short-term rental platform in the Middle East, driven by the region's growing demand for quality accommodations amid Vision 2030. The startup has secured significant funding, positioning itself for growth in the competitive market. In a related development, UAE-based Dubizzle has acquired Egypt's leading online car marketplace, Hatla2ee, enhancing its presence in the automotive sector and leveraging advanced technology to improve user experience in car transactions.
ULA, an Edtech startup, has raised $28 million in Series B funding to enhance AI-powered digital education in the MENA region, focusing on Saudi Arabia. The investment will support the development of a next-generation learning platform featuring personalized education, AR/VR integration, and advanced data analytics, aiming to bridge educational gaps across the Arab world.
Silkhaus is expanding into Saudi Arabia, aiming to become the leading short-term rental platform in the Middle East, driven by the region's growing demand for quality accommodations amid Vision 2030. The startup has raised significant funding, positioning itself for growth in the competitive rental market. Meanwhile, Moroccan AI company ToumAI has secured $1 million to enhance customer experience solutions, while fintech leader Tabby raised $160 million in Series E funding, preparing for an IPO and expanding its digital financial services across MENA.
Telecom service providers from Europe and the U.S. are set to compete against Chinese rivals, particularly Huawei, for a tender to develop Morocco's 5G network. Huawei's established presence in the country gives it an advantage, despite U.S. efforts to limit Chinese influence in Africa. This competition arises amid rising tensions in Washington regarding China's growing footprint in Morocco, which could exploit free trade agreements to circumvent U.S. trade restrictions.
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Akhannouch and World Bank VP discuss partnership for Morocco's development priorities
23:25 24.02.2025
Silkhaus secures funding to expand short-term rentals in Saudi Arabia
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13:02 24.02.2025
morocco's toumai raises one million dollars to enhance ai customer experience
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12:02 24.02.2025
silkhaus secures funding to expand short term rental services in saudi arabia
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14:00 23.02.2025
silkhaus secures funding to expand short term rentals in saudi arabia
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13:49 23.02.2025
toumAI secures one million dollars to enhance ai-driven customer experience solutions
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02:02 19.02.2025
silkhaus secures funding to expand short term rentals in saudi arabia
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01:50 19.02.2025
Edtech startup ULA raises 28 million to enhance digital education in MENA
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13:32 13.02.2025
silkhaus expands into saudi arabia to lead short term rental market
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14:55 12.02.2025
Western and Chinese firms compete for Morocco's 5G network deployment
00:01 05.02.2025
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