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Ajras secures funding to enhance its position in Saudi Arabia's rapidly growing proptech sector, projected to reach $109 billion by 2030. Meanwhile, ORA Technologies raises $1.9 million to expand its digital payment and food delivery services in Morocco, aiming to drive financial inclusion. Talabat acquires InstaShop for $32 million, strengthening its grocery and retail presence across MENA.
Startup Bahrain has partnered with Reboot Coding Institute to enhance technical skills among entrepreneurs, aiming to strengthen Bahrain's digital economy. This collaboration will provide workshops and mentorship, equipping startup teams with essential coding expertise to foster innovation and competitiveness in the tech sector.
Mashreq has officially entered the Omani market, marking a significant milestone in the country's financial sector. This expansion supports Oman’s Vision 2040 by offering tailored financial services, including corporate banking and sustainable finance, aimed at promoting economic diversification and competitiveness. Leveraging advanced technologies like AI and data analytics, Mashreq enhances customer experience and operational efficiency, positioning itself as a strategic partner in Oman’s economic development.
GCC countries saw a 1.7% inflation rise in October 2024, driven mainly by a 6.4% increase in housing costs. Other contributors included a 3% rise in goods and services and a 1.7% uptick in restaurant and hotel prices, while transportation costs fell by 3.6%. Kuwait led the region with a 2.4% inflation rate, surpassing the EU's 2.3%.
Klaim, a Dubai-based healthcare payment acceleration company, has raised $10 million in Series A funding and an additional $16 million for regional expansion and improved cash flow for medical providers. Founded in 2019, Klaim utilizes AI and data analytics to enhance insurance claim processing in the MENA region. The new capital will facilitate its growth in the UAE and entry into Saudi Arabia and Oman, alongside a partnership with Tharawat Tuwaiq Financial Company to launch a healthcare financing fund valued at SAR 60 million.
UAE-based healthtech firm Klaim has secured $26 million in funding, comprising $10 million in Series A equity and $16 million in additional financing. The investment will enhance Klaim's technology for faster healthcare claims processing and support its expansion into the UAE, Saudi Arabia, and Oman. Founded in 2019, the company leverages AI and data analytics to streamline medical insurance claim payments in the MENA region.
Klaim, a UAE-based healthcare payments solutions provider, has raised $26 million, including $10 million in Series A equity funding, to enhance medical insurance claim payments in the MENA region. The investment will facilitate expansion in the UAE and Saudi Arabia, with the first transaction expected in March 2025. CEO Karim Dakki emphasized that this funding validates their vision and will enable rapid scaling.
UAE-based Klaim has secured $26 million in Series A funding to enhance its healthcare payment solutions, aiming for rapid expansion in the UAE, Saudi Arabia, and Oman. The funding, led by Mudassir Investment, will help streamline payment processes for healthcare providers, addressing financial strains caused by delayed payment cycles.
Huawei Cloud Stack launched the Telco2Techco Cloud Leap Program at MWC 2025, aimed at transforming traditional telecommunications companies into technology firms. The initiative offers over 10 innovative service scenarios and extensive support, including project assistance, marketing collaboration, and training resources. With a focus on cloud computing, AI, and big data, the program seeks to enhance operational efficiency and drive digital transformation across the industry.
Talabat has acquired InstaShop for $32 million, enhancing its grocery and retail division while allowing InstaShop to operate independently. This strategic move aims to improve logistics, customer experience, and market presence in the MENA region's quick-commerce sector. Both companies will leverage their strengths to drive innovation and growth in online grocery delivery.
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moroccan superapp ora technologies secures funding to enhance digital services
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